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Amber Griffin

Vistry expects to pay modest dividend, with house sales up 20% over past six weeks

Private sales per outlet per week increased by 15% in the second half Vistry Group PLC (LON:VTY) has said it expects to pay a modest final dividend for 2020 after strong second half trading that saw all debt cleared. The housebuilder noted that due to the good second-half performance, profits for the year to end December …

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Johnson Matthey trims dividend as profits hit by lower catalyst demand in pandemic

The board has approved an interim dividend of 20p per share, compared to 24.5p this time last year Johnson Matthey PLC (LON:JMAT) has declared a slightly smaller dividend for the first half after its profits shrank 88% despite a 2% rise in sales. Revenues from the chemicals group came in at £6.98bn for the six months …

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We can stop COVID-19: Moderna vaccine success gives world more hope

(Reuters) – Moderna Inc’s MRNA.O experimental vaccine is 94.5% effective in preventing COVID-19 based on interim data from a late-stage trial, the company said on Monday, becoming the second U.S. drugmaker to report results that far exceed expectations. Together with Pfizer Inc’s PFE.N vaccine, which is also more than 90% effective, and pending more safety data and regulatory review, …

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imperial brands

Imperial Brands says vaping sales still disappointing but cash better than expected

Trading for next-generation products has continued to be disappointing, with revenues expected to be around 30% lower than last year Imperial Brands PLC (LON:IMB) said sales and cash generation have been slightly better than expected in the past year but earnings are likely to be lower.  New chief executive Stefan Bomhard, who joined at the start of …

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Tesco sales and profits surge as supermarket demand blots out coronavirus costs

While COVID-19 led to £533mln of extra UK costs, much higher sales volumes and the government’s business rates relief meant underlying retail profit still rose Tesco PLC (LON:TSCO) hiked its dividend 21% after reporting strong sales, profits and cashflow as the first half of the year as the grocery sector saw record demand due to the …

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Shell avoids loss with strong trading, wipes $17 billion off assets

LONDON (Reuters) – Royal Dutch Shell (RDSa.L) avoided its first quarterly loss in recent history, helped by a booming trading business, but announced nearly $17 billion in impairment charges reflecting a pessimistic outlook for oil and gas prices. Shell had warned last month it was set to slash the value of its oil and gas …

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Rio Tinto increases production and shipments of iron ore in spite of coronavirus

The mining giant continued to operate at all its locations through the pandemic Rio Tinto PLC (LON:RIO) has reported increased production and shipments of iron ore in the second quarter despite the coronavirus (COVID-19) pandemic amid a strong price environment. Overall, production volumes were up 1% year-on-year on a copper equivalent basis, with Pilbara iron ore production …

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