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Barclays’ pre-tax profit climbs to £2.40 billion in the first

admin April 30, 2021

Barclays plc (LON BARC) said on Friday it performed better-than-expected in the first quarter as impairment charges posted a sharp decline. Barclays shares tanked just under 5% in premarket trading on Friday. Including the price action, the stock is now exchanging hands at 178 pence per share. In comparison, it had started the year at a per-share price of 144 pence after recovering from a low of 80 pence per share in the first week of April 2020. Barclays impairment charges slide sharply to £55 million Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Barclays reported £2.40 billion of pre-tax readmore

Economy Europe Finance & banking Industries Stocks & shares UK World

HSBC says its revenue jumped more than 100% in the

admin April 27, 2021

HSBC Holdings plc (LON: HSBA) said on Tuesday that its net profit in the first quarter posted an over 100% growth on a year over year basis. The company attributed the increase to improvement in the economic outlook that enabled it to release allowances it had set aside for expected loan losses. CFO Ewen Stevenson said: “We are still being relatively cautious, and we’ve retained about 70% of the reserve build up we did last year.” Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. HSBC shares opened at 423 pence in the stock market on readmore

Economy Europe Finance & banking Industries Services Stocks & shares UK World

Saga plc pre-tax loss narrows to £61 million in fiscal

admin April 7, 2021

Saga plc (LON: SAGA) said on Wednesday that its pre-tax loss narrowed significantly in fiscal 2021, attributed to lower costs. The announcement was particularly exciting as the ongoing COVID-19 crisis weighed heavily on the company’s revenue in the recent year. The Coronavirus pandemic has so far infected more than 4.3 million people in the United Kingdom and caused over 126 thousand deaths. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Saga plc shares that you can learn to buy online here jumped roughly 3% in premarket trading on Wednesday and gained another 8% on market open. Including readmore

Category : UK

Barclays’ pre-tax profit climbs to £2.40 billion in the first

HSBC says its revenue jumped more than 100% in the

Saga plc pre-tax loss narrows to £61 million in fiscal

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