China has extended its Covid lockdown in Chengdu, with the city’s 21 million population set to undergo further mass testing between Monday and Wednesday. The Sichuan Health Commission reported 90 local Covid cases and 50 asymptomatic residents on Sunday, resulting in a total of 940 and 395 cases, respectively. The Xinjin district and Qionglai city […]

The post China extends Chengdu lockdown, Shenzhen introduces tiered lockdown system appeared first on UK Investor Magazine.

Chinese city Chegdu entered lockdown on Thursday, trapping 21.2 million people within the area as Covid-19 cases surged. The region is set to undergo four days of Covid testing across the city. All residents were ordered to remain at their homes from 6pm on Thursday, with one person per day allowed outside to shop for […]

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Synairgen shares have suffered a devastating year after the stock plummeted from 177p to 28p in just a few days in late February this year. The nasty disappointment followed the results of Synairgen’s SNG001 Covid-19 treatment, which failed to meet its primary and secondary efficacy endpoints in its Phase three SPRINTER late stage trial. The […]

The post Will the Synairgen share price ever recover? appeared first on UK Investor Magazine.

NatWest chairman says London office culture will never be the same The UK Treasury is set to sell more of its stake in NatWest over the coming 12 months as it confirmed a trading plan to decrease its holding in the bank. NatWest was rescued by the government on the back of the financial crisis […]

The post UK Treasury reveals plan to sell-off more NatWest shares appeared first on UK Investor Magazine.

The pandemic has been the ‘catalyst’ for widening AGM participation says Lumi CEO Virtual AGMs are becoming more normal and the phenomenon is resulting in surging levels of shareholder engagement. That is according to data released by Lumi, the regtech company. Lumi’s research found that 90% of AGM’s conducted, or set to be conducted, in […]

The post Virtual AGMs are improving investor engagement according to research appeared first on UK Investor Magazine.

‘People should not be left unfairly out of pocket’ says the CMA The UK’s competition authority confirmed on Wednesday that it has launched an investigation into whether or not Ryanair and British Airways had broken the law by not providing refunds for flights for passengers who could not legally board during the pandemic. British Airways […]

The post Ryanair and BA investigated over refunds for flights during pandemic appeared first on UK Investor Magazine.

China grew by 18.3% in Q1 of 2021 China has reported its strongest economic growth since records began nearly 30 years ago. The world’s second biggest economy, behind the US, grew by 18.3% in Q1 of 2021 compared to the year before when lockdowns and travel restrictions shut the world down. Up from 6.5% in […]

The post China posts record GDP growth on road to recovery from pandemic appeared first on UK Investor Magazine.

Hikma Pharmaceuticals has supplied drug treatment across the world Hikma Pharmaceuticals (LON:HIK) announced on Friday that it expects its yearly operating profit to rise during 2021 having been tasked with supplying emergency treatments for Covid-19 patients. The FTSE 100 company confirmed its core operating profit rose by 11% to $566m during 2020, up from $508m […]

The post Hikma Pharmaceuticals predicts profit rise as demand for Covid drug treatment ramps up appeared first on UK Investor Magazine.

Exhibition business struggles throughout pandemic Relx Group announced on Thursday it will hike its dividend by 3% to 47p after a forecasted return to pre-pandemic profit levels.  The news comes despite its exhibition business posting losses as a result of Covid-19. Exhibition, a leading global events business within RELX, saw its revenues fall sharply by […]

The post RELX raises dividend on positive outlook appeared first on UK Investor Magazine.

Unilever results restore confidence Unilever, the British consumer goods company, has today announced a rise of 3.5% in underlying sales for the fourth quarter.  The company’s positive performance was buoyed by strong demand in emerging markets and was in line with analysts’ forecasts.  Sales grew by 1.9% over the full year with turnover falling by […]

The post Unilever shares sink in spite of underlying sales jump appeared first on UK Investor Magazine.

BT saw a slight easing in profits decline BT’s revenue has fallen by £16bn through the first three quarters of the financial year.  The telecommunications company put the 7% dip down to the coronavirus pandemic.  For the same period, BT’s profit fell by 17% to just under £1.6bn.  In May 2020 BT announced it would […]

The post BT profits and revenue down again appeared first on UK Investor Magazine.

Firm planning move from Canary Wharf headquarters KPMG will reduce the pay of its partners by 11% to alleviate the impact of the coronavirus pandemic.  The financial services company also expects to downsize a number of its offices including its Canary Wharf headquarters.  KPMG announced today that its profit fell by 6% to £288m from […]

The post KPMG partners set to take an 11% pay cut appeared first on UK Investor Magazine.

Profits fell by 96% in final quarter of 2020 BP slumped to an overall loss of $5.69bn in 2020 as the coronavirus pandemic took its toll on the energy market. The company’s underlying replacement cost profit, a barometer for net profit/less, was at $0.1bn over the final quarter of the year. This compared to a […]

The post BP profits down as pandemic hits oil industry appeared first on UK Investor Magazine.

Following the first European Central Bank (ECB) meeting of 2021, the institution announced that it will be sticking to its current key rates and the scale of its Pandemic Emergency Purchase Programme (PEPP) for the foreseeable future, as the European economy continues to grapple with the impact of the Covid-19 pandemic. In what The Telegraph […]

The post ECB sticks to key rates and pandemic policy appeared first on UK Investor Magazine.

As the mass Covid-19 vaccination drive continues, new data from Finaria.it has revealed that vaccine developers BioNTech-Pfizer (NASDAQ:BNTX, NYSE:PFE) and Moderna (NASDAQ:MRNA) are set to bank $14.7bn in revenue from sales of their coronavirus vaccines by 2023. The Pfizer-BioNTech candidate made headlines for becoming the first vaccine to be approved for use in the general […]

The post Vaccine developers to bank $14.7bn by 2023 appeared first on UK Investor Magazine.

Shares at American pharmaceutical firm Pfizer (NYSE:PFE) have slipped after its announcement that it will be temporary reducing deliveries of its Covid-19 vaccine to Europe while it seeks to upgrade its production capacity to the target 2 billion doses per year. “This temporary reduction will affect all European countries,” a spokeswoman for Pfizer Denmark said […]

The post Pfizer shares slide on vaccine delivery cuts appeared first on UK Investor Magazine.

The UK Supreme Court has ruled in favour of small firms receiving insurance payouts to cover losses during the first national lockdown in the spring of last year. The ruling means insurance firms will have to pay out on previously-disputed coronavirus business interruption claims totalling at least £1.2bn. Tens of thousands of businesses are expected […]

The post Insurers to pay small firms for lockdown losses appeared first on UK Investor Magazine.

Shares at British hoteliers Whitbread plc (LON:WTB) have bounced more than 3% after the company released its Q3 FY2021 trading update, citing “resilient operational performance” despite sales down 66.4% and occupancy at a mere 31.1% for the 5 weeks leading up to 31 December 2020. The company behind Premier Inn lamented the “very challenging hotel […]

The post Whitbread shares up on “resilient” performance appeared first on UK Investor Magazine.

A new report by UK merchant payment provider Dojo has revealed how industries in the UK and beyond have been impacted by the Covid-19 pandemic. The report, which used Yahoo Finance and public Purchase Intent data, analysed and ranked which industries benefited most and least from the “unforeseen changes” in their customers’ lifestyles during the […]

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Shares across the UK’s largest airlines plummeted on Monday morning following the announcement of widespread travel bans to prevent the spread of the new Covid-19 variant. Easyjet (LON:EZJ) saw its shares freefall a hefty 9.34%, while British Airways’ parent firm IAG (LON:IAG) reported an 8.89% drop, and Ryanair (LON:RYA) a 5.11% dive just after midday. […]

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Leading UK home builder Redrow (LON:RDW) published its market predictions for the next year on Tuesday morning, projecting a “strong” 2021 and a steady housing demand despite the ongoing coronavirus pandemic. Matthew Pratt, CEO of Redrow, commented: “We are very excited about 2021. We entered our new financial year in a position of strength and, […]

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Through an ongoing global pandemic and a seemingly never-ending Brexit negotiation process, small and medium-sized businesses (SMEs) across the UK have been forced to operate in a climate of uncertainty. Rules and regulations are changing by the day, and as a new strain of Covid-19 emerges and the UK prepares to dive out of the […]

The post Will 2021 be a boom year for UK SMEs? appeared first on UK Investor Magazine.

Setting out what has been a challenging and resilient year of trading, Schroder AsiaPacific Fund (LON:SDP) Chairman, Nicholas Smith, walked investors through the fund’s 2020 results and dividend payments. In what will be Mr Smith’s final year at the helm, he stated that the fund’s NAV produced a positive NAV return of 17.7%, outperforming its […]

The post Schroder AsiaPacific cuts dividend by 17.5% appeared first on UK Investor Magazine.

With bank pay-outs on ice, Q3 dividends hit their lowest level since the financial crash aftermath in 2010 – down by 49.1% on a headline basis, to £18.0 billion. Of the estimated £14.7 billion of cuts during the third quarter, some two fifths of this number came from bank dividend reductions, due to Bank of […]

The post Unfreezing bank dividends: wise or woeful? appeared first on UK Investor Magazine.

FTSE 100 listed engineering firm, Rolls-Royce Holdings plc (LON:RR), watched its shares drop around 9% on Friday, as the company laid bare the challenging year its had, and the harsh realities of restructuring. During the 11-month period to the end of November, the company reported that large engine LTSA invoiced flying hours fell to approximately […]

The post Rolls-Royce shares slide ahead of tough recovery appeared first on UK Investor Magazine.

Tui (LON: TUI) has sunk to a €3bn (£2.7bn) full-year loss. The holiday operator posted a 58% slide in revenues to €7.9bn (£7.2bn) amid the pandemic and warns it does not expect to return to normal trading levels until 2022. The company is raising its cost-cutting targets to €400m per year as winter bookings this […]

The post Tui sinks to €3bn loss appeared first on UK Investor Magazine.

Despite COVID uncertainty, FTSE 250 listed JPMorgan Japanese Investment Trust (LON:JFJ) boasted ‘very strong returns’ during the financial year ended 30 September 2020. The company said that its benchmark, the TOPIX, had fallen by as much as 30% by late March, having hit an all-time-high just four months prior. Despite this, the company reported that […]

The post JPMorgan Japanese IT boasts 41% total returns appeared first on UK Investor Magazine.

Stagecoach Group profits plunged from to £65.9m last year to £5.4m in the six months to 31 October. The bus operator posted a fall in revenue from £800.2m to £454.6m, as the group was hit by the pandemic and the group was forced to close of regional bus and tram services. Since the initial lockdown, […]

The post Stagecoach shares rise as sales recover appeared first on UK Investor Magazine.

Waitrose and the Co-op Group are facing growing pressure to repay the government business relief rates. Following the news this week that Tesco, Morrisons, Asda, Sainsbury’s and Aldi have all pledged to return the cash they received in the height of the pandemic, pressure on the remaining supermarket rivals has mounted. The Co-op has said that amid the […]

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Since Tesco’s announcement on Wednesday to repay business rates reliefs to the government, a string on major supermarkets have followed its lead and pledged to do the same. Sainsbury’s, Aldi and Morrisons have all announced in the past 24 hours to return the full value of the business rate relief that the government provided during […]

The post Which supermarkets are returning business rates relief? appeared first on UK Investor Magazine.

Tech service provider to the promotional products industry, The Pebble Group (AIM:PEBB), watched its shares soar on Thursday as it published a performance update illustrating determined performance during the pandemic, and revealing that full-year results were on track to meet market expectations. Its Facilisgroup segment – an ecommerce platform for promo products businesses in North […]

The post Pebble Group shares soar on resilient pandemic trading appeared first on UK Investor Magazine.

US blue chip equities index, the Dow Jones, set a fresh all-time record, as it bounced over 440 points and hit 30,034 points. Beating its previous record of 29,989 points booked at the end of 2019, the US index was buoyed by rallies posted by COVID-suffering equities in finance, commodities, air travel and film. Chevron […]

The post Dow Jones hits new all-time high and breaks the 30k mark appeared first on UK Investor Magazine.

Pets at Home (LON: PETS) has reported a total group revenue growth of 5.1% to £574.4m in the six months to October. Thanks to an “exceptional period of demand”, the group revealed a 4.2% jump in sales compared to the same period a year earlier. The FTSE 250 firm said in a trading update that […]

The post Pets at Home reveals “exceptional” demand over lockdown appeared first on UK Investor Magazine.

Hit hard during the pandemic, these consumer conglomerates are ideal picks for the old investment adage: buy into what you actually use. And indeed, you’d likely lead a pretty sheltered existence if you hadn’t stumbled across either a Unilever (LON:ULVR) or Diageo (LON:DGE) product. Using the Warren Buffet philosophy of buying into ‘exceptional companies’ – […]

The post Unilever or Diageo – which consumer giant should be your portfolio bedrock? appeared first on UK Investor Magazine.

With the UK suffering more than most at the hand of the COVID pandemic – and watching its GDP shed 19.8% during the second quarter – it appears only natural that investors are chomping at the bit, and trying to climb aboard the British economic recovery train. Having displayed some optimism following Pfizer and Moderna […]

The post Three fund picks to see your portfolio build back better during the UK recovery appeared first on UK Investor Magazine.

Shares at the world’s second-largest cinema chain, Cineworld (LON:CINE), have rocketed more than 22% on the back of the news that the firm has secured waivers for its debt deadlines until June 2022 and £336 million in new loans to help see it through the remainder of the pandemic. Last week, Cineworld shares took a […]

The post Cineworld shares rocket on securing debt lifeline appeared first on UK Investor Magazine.

Shares at Cambridge-based pharmaceuticals firm AstraZeneca (LON:AZN) have slid over 1% on Monday morning despite the news that their coronavirus vaccine, in collaboration with Oxford University, has proven to be up to 90% effective in interim trial data. Initial results showed the first half dose is able to provide 70% protection against the virus, but […]

The post AstraZeneca share price slides despite positive trial results appeared first on UK Investor Magazine.

British soft drinks producer, Nichols plc (AIM:NICL) watched its shares leak value as its revenues slid down during the nine months to September 30 2020. The company’s statement said that, “As anticipated in the Group’s Interim Results in July, the ongoing Covid-19 pandemic has continued to impact the soft drinks industry.” While it enjoyed ‘strong’ […]

The post Nichols shares leave bitter taste as revenues fall flat appeared first on UK Investor Magazine.

Shares at Jet2 plc (LON:JET2) slumped more than 6% on Thursday lunchtime after the airline posted its half-year results, with the coronavirus pandemic driving a £111 million loss in the sixth months leading up to September. The firm reported a group operating loss of £111.2 million for the half-year period, in stark comparison to the […]

The post Jet2 shares lose altitude on half-year loss appeared first on UK Investor Magazine.

Bitcoin surged to a 3-year high of $17,891 – its highest level since December 2017 – on Wednesday after surging almost 10% over the past 24 hours. The world’s most valuable cryptocurrency, Bitcoin is often lambasted by critics for its historically unreliable price. In March this year, it was trading at just $5000, but in […]

The post Bitcoin surges to 3-year high amid analysts’ caution appeared first on UK Investor Magazine.

Prime Minister Boris Johnson announced on Wednesday his long-awaited plan for the UK’s ‘green industrial revolution’, outlining an ambitious 10-point strategy to shift away from carbon emissions and generate up to 250,000 jobs. Environmental groups have praised the direction of the plan but critics have questioned the scale and commitment from the private sector. In […]

The post PM launches new ‘green revolution’ with 10-step strategy appeared first on UK Investor Magazine.

FTSE 100 listed steam management and engineering firm, Spirax-Sarco (LON:SPX), saw its shares fall on Wednesday, as the company noted the lingering effects of the COVID pandemic on industrial activity. During the second quarter, industrial production (IP) fell by 12%. Although this improved to a 4% year-on-year decline during the third quarter, the company noted […]

The post Spirax-Sarco shares dip as pandemic continues to hamper industrial production appeared first on UK Investor Magazine.

New research published by behavioural finance experts, Oxford Risk, revealed that during the initial COVID stock market shock and first lockdown, 8% of savers and investors sold off some of their shares or took money out of the stock market. Of the number who own shares, 34% said they now own fewer than they did […]

The post 1.4 million retail investors sold over £10k of their shares during lockdown appeared first on UK Investor Magazine.

Robotic automation specialists, Blue Prism (AIM:PRSM), saw its shares soar as it posted strong full-year performance, in spit of COVID-19 challenges. The company said that full year bookings of £180 million – £122 million of which was new business – contributed to what the company’s anticipated revenue growth of around 40% year-on-year. Blue Prism added […]

The post Blue Prism shares bounce on 40% revenue growth appeared first on UK Investor Magazine.

New research commissioned by bridging finance provider Market Financial Solutions (MFS) has outlined the growing concern over the UK’s housing crisis, with more than half of Brits considering it to be one of the biggest issues even amidst the Covid-19 pandemic and ongoing Brexit uncertainty. The MFS survey – conducted across an independent, nationally-representative survey […]

The post More than half consider housing crisis to be a major UK issue appeared first on UK Investor Magazine.

New research by travel cash provider Bidwedge has revealed that almost a third of Brits still rely on cash for essential shopping, even as UK retailers opt for card-only payments over concerns that coins and notes could aid the transfer of infectious Covid-19 particles. The survey – conducted across 2,083 UK adults – found that […]

The post Third of Brits still rely on cash for essential shopping appeared first on UK Investor Magazine.

British precious metals dealer, Direct Bullion, stated on Monday that it believes the gold price will ‘break new records in 2021’, with lingering economic uncertainty driving demand for the commodity in the new year. Despite a predicted 9% increase in production in 2021, Metal Focus expects gold to remain high, and above $2,000 per troy […]

The post Gold could hit $2800 as uncertainty persists in 2021, says Direct Bullion appeared first on UK Investor Magazine.

Kainos shares (LON: KNOS) were up over 4% after the group released a trading statement for the six months ended 30 September. The IT provider reported a 23% growth in revenue from £86.9m to £107.2m. Pre-tax profit surged 100% from £12m to £24m. The group said it had a “very strong performance” during the pandemic […]

The post Kainos shares surge on 23% revenue growth appeared first on UK Investor Magazine.

High street coffee shop chain Caffé Nero has launched a Company Voluntary Agreement (CVA) amid a major restructuring drive as the firm battles to avoid job losses and store closures. The impact of the Covid-19 pandemic has reportedly “decimated trading”, and that despite surviving the first lockdown, the current firebreak has forced the chain to […]

The post Caffè Nero launches CVA after pandemic “decimates” trading appeared first on UK Investor Magazine.

The European Securities and Markets Authority (ESMA) – the European Union’s securities markets regulator – has published a report on the preparedness of investment funds with significant exposures to corporate debt and real estate assets, warning managers to buckle up for potential future adverse liquidity and valuation shocks. What did the report find? The report […]

The post ESMA warns fund managers to prepare for future adverse shocks appeared first on UK Investor Magazine.

Recruitment consultancy firm Nakama (AIM:NAK) saw its shares dip by as much as 28% at one point on Friday, as the company laid bare the bleak outlook for its trading and cash flow. The company, which operates across web, interactive, digital media, IT and business change sectors, fleshed out its earlier COVID-related announcement back in […]

The post Nakama shares fall 20% as it states ‘working capital situation may deteriorate’ appeared first on UK Investor Magazine.

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 […]

The post Castings Plc swings to loss but will pay dividend appeared first on UK Investor Magazine.

New figures suggest that the London job market is falling behind the rest of the country. The Recruitment & Employment Confederation (REC) revealed on Friday that whilst job advertisements were rising in the north-west England and Wales, London was seeing a fall. Between March and October, job adverts in the north-west jumped 36.8% whilst in […]

The post Unemployment: London job market lags appeared first on UK Investor Magazine.

Having fallen during the week before last, global equities have since been spurred by the Joe Biden victory and Pfizer vaccine hopes. On Thursday, however, some of the good-feeling steam wore off, as investors greedily priced in potential upsides in the short-term. Choosing to be overly optimistic in the moment, markets are now watching equities […]

The post Global equities ran out of steam as vaccine and Biden jubilation fade appeared first on UK Investor Magazine.

The UK’s GDP surged by 15.5% in the third quarter, hitting record-breaking Q3 growth. According to the Office for National Statistics, the growth is the largest quarterly growth ever recorded. Despite the record growth, the GDP has still missed expectations and continues to be 9.7% less than before the pandemic. The surge in the economy […]

The post GDP misses expectations, despite record Q3 growth appeared first on UK Investor Magazine.

Workspace shares (LON: WKP) were down 3.24% on Wednesday after the group shared its half-year results for the period to 30 September 2020. Despite the challenging operating environment amid the pandemic, the group shared results that showed “resilience” thanks to its flexible customer-focused offering and freehold ownership model. In the six months to the end […]

The post Workspace shares down on H1 loss appeared first on UK Investor Magazine.

Having watched its share price crash to half the level it began the year at, FTSE 100 listed event organiser, Informa (LON:INF), has published another update showing that recovery is on the horizon. The company that its COVID Financing Action Plan is now complete, which will provide it with “long-term Stability and Security in relation […]

The post Event organiser Informa expects to be cash positive from the start of 2021 appeared first on UK Investor Magazine.

New figures from the Office for National Statistics (ONS) have shown unemployment levels to reach a four-year high. As redundancies hit record highs, the UK’s unemployment level has jumped to 4.8% in the three months to September – the highest level since 2016. The ONS said: “For July to September 2020, an estimated 1.62 million […]

The post ONS: Unemployment reaches four-year high appeared first on UK Investor Magazine.

Pfizer and BioNTech have announced that their coronavirus vaccine was 90% effective in tests, which has caused global shares to surge. The drug companies have said that the vaccine was “found to be more than 90% effective in preventing Covid-19 in participants without evidence of prior Sars-CoV-2 infection in the first interim efficacy analysis.” The […]

The post Who are the winners & losers on latest Pfizer vaccine news? appeared first on UK Investor Magazine.

Dignity Plc (LON: DTY) has reported a 4% increase in revenue this year amid the Coronavirus pandemic. In the 39 weeks to the end of September, the funeral provider saw revenue grow from £225.4m to £234.5m. The increase in revenue reflects the higher number of deaths amid the pandemic. In the first three-quarters of 2019, […]

The post Dignity plc reports increase in revenue amid pandemic appeared first on UK Investor Magazine.

New surveys of business activity have raised concerns of a pre-Christmas slump due to the latest Covid-19 restrictions. With lockdown 2.0 now in full swing, widespread store closures and thousands back on furlough, business activity has already taken a sharp dive into the negative, according to two separate studies by accountancy firm BDO, and the […]

The post Pre-Christmas slump on the horizon for UK economy appeared first on UK Investor Magazine.

More than 2,900 employees are now at risk of losing their jobs after it was announced on Friday that clothing retailer Edinburgh Woollen Mill and homeware suppliers Ponden Home have fallen into administration. Both brands are owned by EWM Group, which is still negotiating a potential rescue deal that could save its remaining brands – […]

The post Jobs on the line as Edinburgh Woollen Mill and Ponden Home collapse appeared first on UK Investor Magazine.

John Lewis has announced plans to axe a further 1,500 head office jobs in an attempt to return to profit. The retailer said on Wednesday that it plans to cut the additional jobs as part of a target to annually save £300m. “Our partnership plan sets a course to create a thriving and sustainable business […]

The post John Lewis to axe 1,500 head office jobs appeared first on UK Investor Magazine.

Oil price fell to a 5-month low on Monday morning over fears of another Covid-recession. Brent crude slid by 4% this morning to $36.41 per barrel whilst US crude slumped by over 4.5% as more country’s go into lockdown. The price of Brent crude is down 45% this year. “Covid-19 cases continue to break records […]

The post Oil prices slump to 5-month low appeared first on UK Investor Magazine.

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 […]

The post IAG swings to €5.5bn loss appeared first on UK Investor Magazine.

Vietnam is one of the few countries which has emerged from the Covid-19 pandemic in relatively good shape. To date, the South-East Asian country has registered just over 1,100 cases and only 35 deaths, thanks to a prompt and proactive response in clamping down on the virus early on in the year, and subsequently its […]

The post Vietnam: How Asia’s blossoming economy tackled the pandemic appeared first on UK Investor Magazine.

Lloyds (LON: LLOY) has reported a pre-tax profit of £1bn, beating expectations for the third quarter. After posting a loss in the first half of the year, the lender has returned to profitability after a surge in demand for home loans. This quarter has seen the biggest growth in demand for home loans since 2008, […]

The post Lloyds returns to profit amid housing boom appeared first on UK Investor Magazine.

It’s still an election, twenty new COVID policy measures, and a Christmas dinner away, but its worth trying to anticipate what equities will look like as the clock strikes midnight on New Year’s Eve. And, here are three factors to consider. The Christmas COVID Crunch Despite the police commissioner’s misguided tough guy comments about breaking […]

The post Three reasons why New Year’s Eve may be an eventful time for equities appeared first on UK Investor Magazine.

Rolls-Royce shares (LON: RR) plunged 56.7% today after the FTSE 100 firm voted in favour of a £2bn rights issue. Shares in the engine-maker were trading at 94.85p today, which is a 95% fall in value over the course of the year. Shares are currently their lowest since April 2003. Yesterday shareholders voted in favour […]

The post Rolls-Royce: Why are shares at a 15-year low? appeared first on UK Investor Magazine.

With lockdown restrictions seemingly implemented and changed every few weeks, high street businesses have been at the receiving end of the COVID pandemic, and this situation is unlikely to change any time soon, as shoppers look to embrace online shopping during Black Friday sales. According to new research published by money.co.uk, 77% of UK adults […]

The post High street could miss Black Friday rush with 85% of consumers set to shop online appeared first on UK Investor Magazine.

An obligatory Parental Guidance sticker has been stuck on Monday’s global equities movements. Because, between election, company data, and COVID jitters, it was an unadulterated horror show. Global equities hardly elated over the election Quaking in their boots just over a week out from the US election, global equities watch in horror as the Biden […]

The post Global equities floored ahead of big week with election, company data and COVID appeared first on UK Investor Magazine.

It’s an age-old and at times over-simplistic adage: buy low, sell high. But it exists for a reason, and research conducted by behavioural finance experts, Oxford Risk, shows just how much we might lose by choosing not to invest during the pandemic. The company states that many retail investors make decisions on the basis of […]

The post Reluctance to invest during the pandemic could cost 5% of your returns per year appeared first on UK Investor Magazine.

According to data compiled by ComprarAcciones, M&A deal activity in the pharma sector rose by 17% during the first half of 2020. To many, this would appear to be a positive shift, given the economic impacts of the pandemic. However, the rise in pharma industry deals might not come as a surprise to some, and […]

The post Pharma M&A deal value fell by more than 92% year-on-year appeared first on UK Investor Magazine.

Yourgene Health Plc shares (LON: YGEN) plunged 11.54% on Monday’s opening bell after the group shared results for the half-year ended 30 September 2020. Revenues for the half-year were up 5% to £8.2m with “strong European revenues offsetting the headwinds from COVID-19 on international sales.” Impacts from the pandemic were offset by the strong UK […]

The post Yourgene Health shares plunge as lockdown impacts H1 results appeared first on UK Investor Magazine.

Following the disruption caused by the Coronavirus pandemic, Manchester United revealed a £23m loss. For the year ending 30 June, the football team reported a 20% fall in revenue after most games were cancelled during the fourth quarter. Loss of ticket sales and deferred sponsor payments also caused Manchester United’s debt to more than double […]

The post Manchester United reports £23m loss appeared first on UK Investor Magazine.

According to data from the OECD, Statista and the World Bank, the global economy is set to lose $3.94 trillion in ‘real GDP’ in 2020, due to the COVID pandemic. We should understand real GDP as a measure of the sum of goods and services produced by a country, with factors such as inflation factored […]

The post COVID to trigger $4tn loss in global real GDP in 2020 appeared first on UK Investor Magazine.

The latest figures from China have shown the country’s economy to have grown 4.9% between July and September. It is the second consecutive quarter of growth and whilst it is lower than analyst expectations of 5.2%, the figures suggest economic recovery from the pandemic. In the first three months of the year, China’s economy fell […]

The post China: Economy grows 4.9% in Q3 appeared first on UK Investor Magazine.

Pret a Manger has revealed plans to axe 400 jobs and close 6 London stores after a slump in sales. The sandwich chain has struggled since people have switched to homeworking and city centres have seen a reduction in footfall. Sales at Pret A Manger have fallen to their lowest in a decade due to […]

The post Pret A Manger announces plans to axe 400 jobs appeared first on UK Investor Magazine.

Wetherspoons shares (LON: JDW) took a plunge on Friday after the pub group revealed a £95m annual loss. Revenues at the group fell by 30.6% to £1.26bn amid lockdown and forced closures as well as one-off costs of £29m on staff costs and equipment. Tim Martin, the founder and chairman of JD Wetherspoon, blamed the […]

The post Wetherspoons: shares plunge but can it ride out the storm? appeared first on UK Investor Magazine.

SpaceandPeople shares (LON: SAL) have fallen by almost 25% as the group revealed losses for the first half of the year. The retail, promotional, and brand experience specialist shared interim results for the six months ended 30 June 2020 where net revenue plunged 72% to £1.1m. SpaceandPeople felt “profound” effects from the lockdown and the […]

The post SpaceandPeople shares down 25% after “very challenging year” appeared first on UK Investor Magazine.

Mind Gym shares (LON: MIND) plummeted 17% on Friday’s opening as the group was hit by Covid disruption. In the six months to 30 September 2020, the gym group a 40% fall in revenue compared to a year earlier. Mind Gym said in a trading update released today that it anticipates making an adjusted loss […]

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Countryside Properties shares (LON: CSP) fell almost 5% on Thursday after house completions fell from 5,733 to 4,053. The property group released a trading update for the period between 1 October 2019 to 30 September 2020, revealing an adjusted operating profit of £54m once final numbers are calculated. Due to the disruption caused by the […]

The post Countryside Properties shares down 5% after disrupted year appeared first on UK Investor Magazine.

The FTSE 100 opened 1.6% soon after Thursday’s opening bell as Europe braces itself for tighter Coronavirus restrictions. The blue-chip index fell as concerns that London would have tighter restrictions introduced as soon as this week. Across Europe, Paris, Amsterdam, and Berlin have introduced curfews in a bid to fight rising infection rates. Northern Ireland […]

The post FTSE 100 falls as Europe implements tighter restrictions appeared first on UK Investor Magazine.

According to documents seen by Sky News, some consulting executives operating the government’s Test and Trace system are being paid a rate of £7,360 per day – equivalent to more than 1.7 million a year in taxpayer money. The executives receiving this pay are part of the Boston Consulting Group, with the UK government dishing […]

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Asos shares (LON: ASC) are trading 9% lower despite the 329% surge in pre-tax profits amid the pandemic. The online fashion retailer added a further 3.1 million customers, taking the total to 23.4 million. Sales as Asos surged to £3.3bn, increasing by 19% in the year to 31 August thanks to the demand for skincare […]

The post Asos reports +329% profits – so why did shares fall 10%? appeared first on UK Investor Magazine.

The FTSE 100 had a sluggish start to the week amid concerns of new lockdown measures. The blue-chip index 0.2% to 6,004.77 just before 9 am on Monday ahead of the government’s emergency Cobra committee. The FTSE 100 slipped as shares in energy firms fell due to a drop in oil prices. BP was down […]

The post FTSE 100 falls ahead of new lockdown concerns appeared first on UK Investor Magazine.

The British Airways chief executive, Alex Cruz, is stepping down from the airline with immediate effect. The airline’s parent group, International Airlines Group (IAG), said on Monday that Cruz will be replaced by Sean Doyle from Aer Lingus. IAG boss, Luis Gallego, said that the sector is currently facing “the worst crisis faced in our […]

The post British Airways boss, Alex Cruz, to step down appeared first on UK Investor Magazine.

The hospitality sector is again in dire straits, with the slow creep of targeted lockdowns being implemented across the UK. The most notable of these shutdowns has been in the central belt of Scotland, where Nicola Sturgeon has kiboshed evening trading for hospitality venues for more than two weeks. Scotland’s first minister said that new […]

The post With hospitality facing another lockdown, how can the industry survive? appeared first on UK Investor Magazine.

Stagecoach shares (LON: SGC) fell almost 4% on Friday morning. The bus and rail company said in a trading update that the pandemic had impacted demand. Stagecoach said that passenger demand had been steadily recovering since April, however, the continuing uncertainty around the pandemic means it is difficult to predict financial performance. The group said […]

The post Stagecoach shares fall as pandemic hits demand appeared first on UK Investor Magazine.

Almost 90% of investors have said they are modifying their portfolio approach, with many turning to alternative investments to spread risk, as COVID disruption sees the UK economy contract by a fifth. According to the 2020 Cask Whisky Buyer Report, we should be looking to a burgeoning asset class, which, in the right hands, could […]

The post Why 55% of investors think whisky might help them beat the COVID wobble appeared first on UK Investor Magazine.

According to a report published earlier this year, the global pet insurance market is predicted to grow to $11.25 billion by 2026 from $6.05 billion in 2018. This, along with the insurance sector being rocked by COVID-19, has encouraged providers to re-evaluate the type of products they offer. For example, recognising the opportunity for business […]

The post COVID-19 has been the pet insurance sector’s pawfect opportunity appeared first on UK Investor Magazine.

Ravaged by more than 8 million Covid-19 cases, and at least 328,000 reported deaths, Latin America’s virus crisis seldom makes the headlines in the UK media, yet it remains the most affected region in the world by the ongoing coronavirus pandemic. ‘The fear for many is that the region has tried to do too much, […]

The post Latin America: is an economic recovery viable? appeared first on UK Investor Magazine.

New figures from the Office for National Statistics (ONS) have consolidated suspicions that the UK economy suffered its largest quarterly fall on record between April and June this year due to the impact of the coronavirus pandemic. Gross domestic product – GDP – fell by 19.8% in the second quarter of 2020, in what has […]

The post UK economy shrivels in record second quarter GDP free-fall appeared first on UK Investor Magazine.

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 […]

The post Cineworld faces curtain call with $1.6bn loss and shares falling 10% appeared first on UK Investor Magazine.

Speaking to Third Bridge’s Senior Sector Analyst, Harry Barnick, we were able to pinpoint the three main challenges cinema giant Cineworld (LON:CINE) will face going forwards, ahead of the publication of its results on Thursday. Not able to get people to the box office First, Mr Barnick points to cinema attendance, limited by both health […]

The post Cineworld – three monsters standing in the way of the cinema’s recovery appeared first on UK Investor Magazine.

Slumped in a corner and either trying to forget the previous day, or too battered to recall it, global equities were left adrift on Tuesday, with the FTSE ending up on top of the directionless crowd. Up over a percent at one point, the FTSE finished the day at plus 0.43%, up to 5,829 points. […]

The post FTSE on top as global equities lick their wounds after pandemic panic appeared first on UK Investor Magazine.

FTSE 250 listed specialist insurance firm Beazley (LON:BEZ) booked an almost 11% fall in its share price on Tuesday, as it announced it would have to revise its original Covid insurance claims cost estimate, to double its previous prediction. In April, the company estimated that that the cost of Covid claims for its first party […]

The post Beazley shares lead FTSE 250 fallers as it doubles Covid insurance claims estimate appeared first on UK Investor Magazine.

Structural steel and construction safety specialists Billington Holdings (AIM:BILN) saw its shares slide by over 6% on Tuesday, with half year results severely impacted by ‘exceptional’ pandemic trading conditions. With severe restrictions on construction sector activity, company revenues fell 30.5% year-on-year, to £32.78 million. This led a 55.2% on-year decline in EBITDA, down to £1.59 […]

The post Billington shares slip as profits fall 77% and it cancels its dividend appeared first on UK Investor Magazine.

Enjoying a prolonged summer holiday, global equities have finally smelled the coffee, sat up and banged their heads on the Covid second wave reality check. Shedding points at will on Monday morning, the European equities horror show only worsened as the afternoon progressed, as a worse-than-expected Dow Jones open did little but stoke existing anxieties. […]

The post Global equities hit two-month low as Covid second wave anxiety takes hold appeared first on UK Investor Magazine.

Heading up the FTSE 100 losses with a 25% dip in early morning trading, BA owner IAG (LON:IAG) continued the tailspin it began at the end of the previous week. The drop began after the company announced a rights issue last week, in hopes of raising £2.5 billion in exchange for increasing its share count […]

The post Even at a 36% discount, Warren Buffett suggests IAG shares aren’t worth it appeared first on UK Investor Magazine.

Between companies suddenly going belly-up, mass redundancies, and working from home, the Covid pandemic has been a time of major change and anxiety for most of us. While many would like to keep pushing on, some are overcome by stress, and among that latter group are bosses, who are trying to balance financial prudence with […]

The post Covid and work turmoil – what can bosses do to protect staff well-being? appeared first on UK Investor Magazine.

London City Airport has become the latest in the aviation sector to announce a swathe of job cuts, amid plans to lay off 239 staff as part of a “crucial restructuring” drive prompted by the coronavirus pandemic. The airport, which is based in East London and serves a largely business clientele, was shut for three […]

The post London City Airport to axe a third of its workforce appeared first on UK Investor Magazine.

New data presented by Buy Shares has revealed that 14 of the world’s largest banks cumulatively lost $635.33 billion in market capitalisation during the coronavirus pandemic. Some of banking’s biggest names were found to have suffered huge losses, with America’s Wells Fargo down -56.26% in market cap, followed by Spain’s Banco Santander at -46.16%. The […]

The post Biggest banks lose $635bn during pandemic appeared first on UK Investor Magazine.

It’s official, we’re in a recession, and new government restrictions on social gatherings and regional lockdowns could be indicative of a worrying reality: the current situation may be bad for an SME but hoping for a rapid improvement is fanciful. Indeed, in June the IMF predicted that the global economy would contract by 4.9% in […]

The post Five step plan to help your SME weather the COVID recession appeared first on UK Investor Magazine.

Various Eateries, the group which operates restaurants in the UK such as Coppa Club and Tavolino, announced on Thursday that it plans to seek admission to trading on the AIM – the alternative investment market of the London Stock Exchange. The company said that it expected the entire share capital of the company to be […]

The post Various Eateries seeks AIM admission to capitalise on COVID aftermath appeared first on UK Investor Magazine.

Wargame manufacturer and retailer Games Workshop (LON:GAW) saw their shares rally over 11.55% on Thursday morning, following news that the company had outperformed in sales during the three months to the end of August. The company stated that trading during the period was ahead of Board expectations, with estimated sales of around £90 million considerably […]

The post Games Workshop shares rally over 11% as it rolls the dice with online sales focus appeared first on UK Investor Magazine.

Consumer credit reporting company Experian plc (LON:EXPN) saw its shares bounce by around 4% after the bell on Tuesday, as the company upwardly revised its second quarter trading expectations, for the three months ended September 30th 2020. In July, the company had predicted that its organic revenue for Q2 FY21 would either remain flat or […]

The post Experian shares continue rally with improved second quarter expectations appeared first on UK Investor Magazine.

Industrial equipment rental company Ashtead Group plc (LON:AHT) saw its shares rally during Tuesday morning trading, in spite of what might have been viewed as a bad but ‘not as bad as it might have been’ first quarter. The company boasted that its 7% year-on-year decline in overall revenue, and 8% year-on-year fall in quarterly […]

The post Ashtead shares prove resilient despite 38% decline in first quarter profits appeared first on UK Investor Magazine.

Clinical biotechnology firm Destiny Pharma plc (AIM:DEST) has seen its shares soar by more than 14% after the company announced it has received an £800,000 grant from the country’s leading innovation agency Innovate UK to help develop a novel, preventative treatment for COVID-19. The programme will see Destiny Pharma work alongside London-based biotechnology research company […]

The post Destiny Pharma receives grant for Covid-19 treatment, shares soar appeared first on UK Investor Magazine.

Ailing coffee and sandwich chain Pret A Manger announced on Friday that it would be launching its ‘YourPret Barista‘ digital scheme, offering up to five coffees per day to consumers for a mere £20 monthly subscription. The offer, which will allow customers to buy up to 150 coffees per month, with up to five per […]

The post Pret A Manger comeback scheme offers five coffees per day for £20 a month appeared first on UK Investor Magazine.

Onesavings Bank (LON: OSB) has reported a 14% fall in pre-tax profits for the six months to the end of June. Compared to £182.2m profits for the first half of 2019, the challenger bank’s profits were hit amid the pandemic. The group’s underlying net loan book grew by 2% to £18.5bn in the period. Application […]

The post Onesavings Bank posts 14% fall in profits, shares rise appeared first on UK Investor Magazine.

Flutter Entertainment (LON: FLTR) profits fell 70% in the first half of the year amid the pandemic. The owner of gambling firms Betfair and Paddy Power saw profits sink from £81m in 2019 to £24m in 2020 as most major sports events have been canceled. Despite the fall in profits, Flutter Entertainment shares opened higher […]

The post Flutter Entertainment shares rise despite 70% loss appeared first on UK Investor Magazine.

The UK government’s public debt has surpassed £2tn for the first time. According to figures from the Office for National Statistics (ONS), debt has jumped £228bn over the last year amid the coronavirus pandemic. Borrowing between April – July was “the highest borrowing in any April to July period” since records began in 1993. Debt […]

The post UK government debt hits record £2tn appeared first on UK Investor Magazine.

Shares in Premier Oil (LON: PMO) plummeted 25% after the group posted a $672m loss. Due to weak oil prices, the oil company’s revenue fell from $883.1m in 2019 to $530.6m for the first half of 2020. “With a strengthened balance sheet and strongly rising near-term production, Premier will be well placed to start reinvesting […]

The post Premier Oil shares sink 25% on first-half loss appeared first on UK Investor Magazine.

New research conducted by FJP Investment indicated that some 54% of their clients had lost faith in Boris Johnson‘s government, based on its handling of the COVID-19 pandemic so far. This number jumped up to 62% when based solely on the company’s investors based in London. The company’s survey also revealed that 57% believe additional […]

The post Over half of investors have lost faith in Boris Johnson’s government appeared first on UK Investor Magazine.

With lockdown slowly but surely coming to an end, and the UK government’s furlough scheme set to wrap up in October, the vast majority of employees across the country now face the awkward reality of going back to work in the post-pandemic world. But after months of disruption, returning to normality is not going to […]

The post Back to work: how Londoners feel about the new normal appeared first on UK Investor Magazine.

As passenger numbers plummetted by 80%, National Express (LON: NEX) has posted a £30m loss for the first six months. The coach operator’s profits fell from £139.3m in the same period last year. Although the group recorded a record in January and February, the drop in travel amid the pandemic hit profits. National Express furloughed […]

The post National Express shares take a hit as group posts £30m loss appeared first on UK Investor Magazine.

On Wednesday, data collected by the Office for National Statistics (ONS) showing two quarters of consecutive GDP decline confirmed what many have been expecting since the impact of the coronavirus pandemic first struck the economy at the start of the year: the UK is officially in recession. After a record contraction of 20.4% between April […]

The post “Hard times are here” as UK plummets into recession appeared first on UK Investor Magazine.

In the latest blow to the high street, Debenhams has announced plans to axe 2,500 jobs in its department stores and warehouses. In addition to the 4,000 roles the retailer has cut since May, Debenhams will be cutting up to a third of its total workforce in an attempt to survive the pandemic. The department […]

The post Debenhams to cut additional 2,500 jobs appeared first on UK Investor Magazine.

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 […]

The post Intercontinental Hotels shares rally despite $223m loss and dividend cancellation appeared first on UK Investor Magazine.

The Bank of England‘s Monetary Policy Committee (MPC) voted on Thursday to maintain its all time low interest rate at 0.1% and leave its target for bond-buying unchanged at £745 billion. Although it looks as if the central bank will hold off on any further stimulus packages or the like to help bolster the UK […]

The post Bank of England sits tight on 0.1% interest rate appeared first on UK Investor Magazine.

FTSE 100 listed British media company ITV (LON:ITV) announced it would cancel its dividend with first half trading being adversely affected by the coronavirus pandemic. With a mixture of reduced advertisement, broadcast and studio revenues, the company announced both its adjusted and statutory EBITDA had halved year-on-year, down 50% and 49% to £165 million and […]

The post ITV cancels its dividend as earnings half and ad revenue takes ‘severe’ hit appeared first on UK Investor Magazine.

FTSE 100 listed packaging and paper company Mondi plc (LON:MNDI) saw its shares tick higher on Thursday, even as its half-year fundamentals lagged behind the performance of the previous year. Likely already pricing in lower paper and pulp prices, as well as COVID challenges, today’s optimistic response to the company’s results is likely led by […]

The post Mondi shares rally on ‘resilient’ performance amid COVID challenges appeared first on UK Investor Magazine.

Gold renewed its all-time-high record on Wednesday, only a week or so after breaking its previous record. The price of gold now stands at $2,000 dollars, a real milestone that readies investors for the potential of prices in the $2-3k range in future, but is a continued rally something we can expect? As we stated […]

The post Gold price hits $2,000 but might still be worth investing in appeared first on UK Investor Magazine.

Restaurant chain Pizza Express (HKG:3396) and electrical goods store Dixons Carphone (LON:DC) are among the latest companies to announce large-scale redundancies during lockdown. Dixons Carphone The tech retailer said it would be cutting 800 jobs as it began restructuring its staff for a new way of running stores. The company, which owns Currys PC World, […]

The post Pizza Express and Dixons Carphone to axe a combined 1,900 jobs appeared first on UK Investor Magazine.

Multinational telecommunications company BT (LON:BT.A) saw its share price dip on Friday, after posting an unsurprising but hardly uplifting set of half year financial fundamentals. While being praised by Ofcom for its provision of services during the lockdown period, BT listed the pandemic as a key contributor to negative impacts on its financial results. This […]

The post BT shares slide with half-year profits contracting 13% appeared first on UK Investor Magazine.

Following a torrid half-year that hit oil prices hardest, oil and gas extraction and production company Shell (LON:RDSA) saw its share price dip slightly on what was likely an already priced-in set of woeful half-year trading results. The company reported that income attributable to shareholders had flipped from an $8.99 billion profit for H1 2019, […]

The post Shell shareholders feel the pinch with earnings per share diving 310% appeared first on UK Investor Magazine.

FTSE 100 housebuilder Taylor Wimpey (LON:TW) published a bleak set of first half fundamentals on Wednesday, illustrating what the company described as the ‘significant impact’ of the pandemic on its production activity. With home completions diving year-on-year from 6,541 to 2,771 during the half year period, the company simply lacked the firepower to replicate the […]

The post Taylor Wimpey shares fall with performance hit by pandemic wrecking ball appeared first on UK Investor Magazine.

Trendy investment opportunities such as Tesla (NASDAQ:TSLA) shares and Bitcoin may be overlooked by bears and sceptics alike because of their volatility, but when handled with good judgement – and luck – they can also be wildly lucrative. This article is testament to that fact, as it shows how in only eight steps and a […]

The post How investing £3k in Tesla and Bitcoin could have made you £150k in a year appeared first on UK Investor Magazine.

Back in February, I predicted the two-year gold price rally was not yet at its peak, and that it would hit $1,800 before it consolidated. Now – perhaps alongside a hat inscribed with ‘captain obvious’ – we can say that even my optimistic predictions were reserved, as gold rallied 2% on Monday, to its all-time-high […]

The post Gold price hits all-time high with bleak economic horizon appeared first on UK Investor Magazine.

Goldentree Asset, Avenue Capital and Goldman Sachs (LON:GS) owned hotel chain Travelodge, has, like many, been near the eye of the storm during the Coronavirus lockdown, with regular trading all but flat-lining. What sets it apart from its hotel counterparts, though, is that its future may be equally problematic. The staycation renaissance may not be […]

The post Two reasons Travelodge backers can expect sleepless nights appeared first on UK Investor Magazine.

On Thursday the ONS posted some of its damage assessment statistics for the Coronavirus pandemic, which entailed a relatively understated job loss estimate of under 700,000, as well as detailing the losses of turnover incurred by businesses that continued trading. Where were businesses hardest hit? Country-by-country, Scottish and Welsh businesses fared worst. Around 62% of […]

The post Pandemic sees up to 64% of businesses lose revenue with arts worst hit appeared first on UK Investor Magazine.

FTSE 100 listed hotel and restaurant franchise and operator of Premier Inn, Whitbread plc (LON:WTB), announced on Tuesday that it planned to bounce back in style, after the lockdown period which perhaps hit hospitality and hotel sectors the hardest. The company said that it had already reopened 270 of its UK hotels and 24 of […]

The post Whitbread looks to bounce back with reopenings and £1bn rights issue appeared first on UK Investor Magazine.

Sports and fashion brand JD Sports (LON:JD) booked robust financial performance for the full-year ended February 1 2020, with Coronavirus lockdown since ‘constraining’ the company’s progress. In its full-year results, though, the company were pleased to book a 30% year-on-year revenue bounce, up from £4.7 billion to £6.1 billion, while like-for-like sales in Sports Fashion […]

The post JD Sports saw yearly revenues spike 30% before lockdown appeared first on UK Investor Magazine.

The International Monetary Fund (IMF) has announced that the global economy will suffer a $12 trillion hit as a result of the coronavirus pandemic, according to new analysis released as part of the organisation’s June 2020 World Economic Outlook update. Some of the report’s grim projections include a 4.9% shrink in the global economy over […]

The post IMF says coronavirus crunch worse than predicted appeared first on UK Investor Magazine.

Hornby (LON:HRN) invoked the spirit of its founder and the company’s history – having lived through economic crises and wars – in its full-year results published on Thursday. This was line the company chose to tow, anyway, having booked improved year-on-year financial performance. The company said it had shown resilience while recording a jump in […]

The post Hornby ‘came out fighting’ – losses narrow despite pandemic appeared first on UK Investor Magazine.

BP plc (LON:BP) is to slash $17.5 billion off the value of its oil and gas assets following grim projections of the impact of the coronavirus pandemic on global oil demand. Just last week, the company announced plans to cut up to 10,000 jobs by the end of the year, representing nearly 15% of its […]

The post BP to slash $17.5 billion off oil and gas assets appeared first on UK Investor Magazine.