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Deliveroo Shares Surge as Profits Improve and Dividend Potential Emerges

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Summary: Deliveroo surpasses profit expectations in the UK, with a 7% increase in gross transaction value . Proposed return of £250 million surplus cash to investors and potential introduction of regular dividend s. Stock price surges by 3.75% in response to improved profit outlook. Deliveroo 's performance shows progress compared to initial challenges since its 2021 stock listing. ...

FTSE 100 Rises on Day of Earnings Results - Market Report

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Summary: FTSE 100 rises on a day of earnings announcements , driven by Cendrica 's exceptional performance with a tenfold increase in net cash and 55% jump in adjusted profit . Shell 's $5.5 billion buyback scheme and dividend hike fail to impress investors , leading to a decline in shares. Barclays faces challenges as increasing quarterly pre-tax profits are overshadowed by mounting bad debt provisions . Drax Group 's positive half-year pre-tax earnings do not prevent a slip in shares. BT opens higher on the back of quarterly revenue rise , while Ocado 's shares are impacted by the upcoming retirement of th...

Lloyds Raises Bad Debts and Steers Shares Lower

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Summary: Lloyds banking group reports a 10% increase in underlying profit , reaching just over 4 billion for the first half of the year. Impairment charge of 700 million pounds reflects delinquencies and bad debts on the company's books. Loans and advances to customers decline by approximately 10% to 450 billion, while customer deposits drop by about 1.2% to 469 billion. Lloyds announces a 15% increase in interim dividend s, remaining ahead of its target. Despite positive announcements, Lloyds' shares still decline by 3.8% in response to the first-half figures. ...

Wilko Goes Into Administration: UK Retailer Faces Uncertain Future

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Summary: Wilko , a long-standing discount retail er, has been forced into administration due to financial challenges and declining revenue. Despite borrowing and selling assets, the company was unable to overcome its debt burden, leading to its collapse. Administrators assure that operations will continue for now, and employees will be paid, while efforts to find a buyer are underway. Criticism is directed at management for paying dividends while the company faced losses, leaving loyal employees devastated. Operational difficulties, including supply and cash flow issues, contributed to Wilko 's struggles in a competitive mark...

FTSE 100 closing out the week higher - Market Report

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Summary: FTSE 100 opened higher on positive results for London listed companies . NatWest announced a £1 billion jump in Bretex profits . Standard Chartered reported a 20% jump in interim profits and announced a $1 billion buyback. International Airlines Group announced a half-year profit of €1.26 billion. AstraZeneca 's deal to buy Pfizer's gene therapy portfolio led to a jump in their stock. Right Moves experienced significant revenue growth. Europa Oil and Gas to take over the Clouton Gas Discovery near Scarborough . ...