ROLLS-ROYCE SHARES SKID TO 17-YEAR LOW

The UK aerospace engineering firm Rolls-Royce saw its share price tumble on Monday (21 Sept) to its lowest level since 2003, after it confirmed it was considering a fund raising of up to £2.5bn. The company has struggled during the coronavirus pandemic in line with...

KINGFISHER PROFITS RISE ON LOCKDOWN DIY

An increase in home improvements and DIY projects during lockdown saw Kingfisher’s adjusted pre-tax profits increase 23.1% in the first half of 2020 to £415m. The parent company of B&Q and Screwfix in the UK, and Castorama in France, said the impact of the...

INSURERS PUSH BACK AGAINST DIVIDEND BANS

European insurers have called on regulators to be more flexible in the wake of the coronavirus pandemic, urging them not to impose “blanket bans” on dividend payments. On Monday (7 Sep) Insurance Europe, the European insurance and reinsurance federation, released its...

ZOOMING AWAY

Shares in Zoom Video Communications gained some 9% on Monday (31 Aug) – to be almost 400% up so far this year – after the company at the centre of a pandemic-induced global explosion in video conferencing raised its annual revenue forecast by more than 30%. The...

TESLA AND APPLE SPLIT THE DIFFERENCE

On Monday (31 Aug), both Tesla and Apple completed stock splits (greatly reducing the average price of their shares by increasing the number in circulation). The reduced prices attracted yet more buyers with Tesla shares gaining some 12.5% and Apple shares moving...