Easyjet (LON: EZJ) has posted its first-ever full-year loss, sinking £1.2bn into the red. For the year ending 30 September, the budget airline saw passenger numbers half from 96.1m to 48.1m amid travel restrictions and social distancing measures. Easyjet also said that it will only fly at 20% capacity for the first quarter of the […]

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Castings shares (LON: CGS) fell on Friday as the group swung to an interim loss. In the group’s half-year report, the metals fabricator reported a loss before tax of £0.63m – compared to the £7.34m profit a year earlier. The company said in a statement that demand had been “significantly impacted” amid the pandemic. Output […]

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Burberry (LON: BRBY) has posted a 62% fall in pre-tax profits for the six months ending 26 September 2020. The luxury retailer revealed a 31% decline in revenue and adjusted operating profit down 75%. Sales were down 31% to £878m, whilst first-half pretax profits fell from £193m to £73m. The retailer noted that despite the […]

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WH Smith (LON: SMWH) has posted a pre-tax loss of £280m and scrapped its dividend. The retailer posted a 33% fall in revenue in the year to the end of August to £1bn. WH Smith said on Thursday that it plans to close another 25 shops after the group swung to a loss from a […]

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The Co-operative Bank has released a third-quarter trading update, revealing a “resilient performance in a challenging environment.” The lender posted a pre-tax loss of £23.5m, which was a sharp improvement from the £80.1m for the same period a year ago. Whilst losses improved, the Co-op bank is still deep in the red amid the pandemic. […]

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Marks & Spencer (LON: MKS) posted its first loss in the 94-years as a listed company on Tuesday as sales were dented by the pandemic. The high street retailer posted a £87m pre-tax loss for the six months to September 26, which is down from the £158.8m profit it made in the same period a […]

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International Airlines Group (LON: IAG) has reported a €5.56bn loss for the first nine months of the year. The British Airways owner posted a huge loss as passenger numbers have plunged amid the pandemic this year. Compared to the pre-tax profit of €1.4bn last year, IAG is calling airport testing and the ending of the […]

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Ailing cinema giant Cineworld (LON:UK) watched its shares slide as it posted its results for an extremely challenging six months of trading. With attendance greatly hampered by lockdown and a lack of new releases thereafter, the company saw revenues fall year-on-year by 66.9% for the six months ended 30 June, down from $2.15 billion, to […]

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FTSE 100 listed hotelier, Intercontinental Hotels Group (LON:IHG), saw its shares rally healthily during Tuesday trading, despite the company’s difficult half-year being reflected in its results. The company booked reportable revenues of $488 million and total revenues of $1.25 million, narrowing by 52% and 45% respectively during the first half year-on-year. This led the Intercontinental […]

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Bus and train operator First Group (LON:FGP) saw their shares dive on Wednesday, as Coronavirus saw the company book a deflated set of full-year results for the period ended March 31. Unfortunately for the UK travel group, their results included March – the month in which the company saw a 90% reduction in passengers. Despite […]

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French Connection Group (LON:FCCN) have seen their shares dip as the firm gave shareholders a disappointing update. The fashion brand said that across the recently ended financial year their loss had narrowed but sales continued to slip. The Chairman noted: “After making further progress during the first half of the year, the overall result for […]

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Producer of wireless telecoms and critical communications products Filtronic plc (LON:FTC) saw its shares dip during the Thursday session, following a comparatively less productive half-year period. The Group’s revenues narrowed from £8.9 million during the first half of the financial year, to £7.5 million for the second half. Similarly, Filtronic adjusted operating profit dropped from […]

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The UK’s largest property investment and development company Land Securities Group plc (LON: LAND) posted underwhelming fundamentals for the half year ended 30 September. More uplifting updates from the property sector came with Shaftesbury plc (LON: SHB) booking robust leasing activity, Berkeley Group Holdings Ltd (LON: BKG) restating its confidence in the South-East market and […]

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