City Of London Investment Trust HY Net Return Rises
City of London Investment Trust Plc. (CTY.L) reported that its net return after taxation for half-year ended 31 December 2020 rose to 95.14 million pounds from last year’s 94.14 million pounds, while return per ordinary share declined to 22.81 pence from 24.45 pence per share in the previous year.
Net return before taxation was 95.48 million pounds up from 94.56 million pounds in the prior year.
Gross revenue and capital gains was 101.25 million pounds compared to 101.11 million pounds in the previous year.
Segro Plc FY Adj. Pretax Profit Rises – Quick Facts
Segro Plc (SGRO.L) reported profit before tax of 1.46 billion pounds for the year ended 31 December 2020 compared to 902.0 million pounds, previous year. Earnings per share was 123.6 pence compared to 78.9 pence. Adjusted pre-tax profit was 296.5 million pounds, up 10.8 percent from prior year. Adjusted earnings per share was 25.3 pence compared to 24.3 pence.
Fiscal year revenue was 431.7 million pounds compared to 432.5 million pounds, last year.
The Group recommended a 5.6 percent increase in final dividend to 15.2 pence per share, resulting in a total distribution of 22.1 pence for 2020 as a whole.
MeidasTouch Trolls Ted Cruz With A Damning Mock Ad For Cancun Tourism
Sen. Ted Cruz (R-Texas) won’t have to face voters again until 2024, if he chooses to seek reelection ― but he’s already facing campaign-style ads after his ill-advised trip to Cancun this week, such as this one from the progressive PAC MeidasTouch:
Another progressive PAC, Really American, also dropped a video within hours of the news breaking:
As his home state struggled with a historic crisis of freezing temperatures, widespread power outages and unsafe drinking water, Cruz and family took off for Mexico.
Cruz first blamed his daughters, saying he was just there to drop them off for a trip and return home immediately, but he later admitted it was intended to be a family getaway ― and that he had intended to be there through the weekend.
This 9-year-old wants to save the earth – so he started his own recycling empire
Meet Ryan, a nine-year-old who started his own recycling company to save our earth and seas. He started recycling at just three years old – now, he's helping tons of people all over the world get inspired to do the right thing.
Watch Ryan's inspiring and adorable story on this episode of "Mini Moguls" above.
Allianz fourth-quarter net profit drops 2.2%, but beats expectation
- Throughout 2020, Allianz and other insurers warned about the impact of clients making claims for business interruption and cancelled events from lockdowns, while demand for car and travel insurance fell.
- For the full year, Allianz posted a 14% decline in net profit and a 9.3% fall in operating profit.
German insurer Allianz on Friday posted a smaller-than-expected 2.2% fall in fourth-quarter net profit, amid pressure on business from the coronavirus pandemic.
The company posted net profit attributable to shareholders of 1.817 billion euros ($2.20 billion) in the three months through December, compared with 1.858 billion euros a year earlier. It was better than a 1.753 billion euro consensus forecast.
Throughout 2020, Allianz and other insurers warned about the impact of clients making claims for business interruption and cancelled events from lockdowns, while demand for car and travel insurance fell.
For the full year, Allianz posted a 14% decline in net profit and a 9.3% fall in operating profit.
It is the first decline in annual operating profit since 2011, when the German insurer faced claims for major catastrophes like a tsunami in Japan and write-offs during the European debt crisis.
NatWest Group FY Operating Profit Before Tax And Excl. Items Declines; Total Income Down 24.3%
NatWest Group plc reported a loss attributable to ordinary shareholders of 753 million pounds for the year ended 31 December 2020 compared to profit of 3.13 billion pounds, prior year. Loss per share was 6.2 pence compared to profit of 25.9 pence. Operating loss before tax was 351 million pounds compared to profit of 4.23 billion pounds.
Full year 2020 net impairment losses was 3.24 billion pounds. Operating profit before tax and excluding notable items declined to 33 million pounds from 2.12 billion pounds.
Fiscal year total income was 10.80 billion pounds compared to 14.25 billion pounds, a year ago. Excluding items, income decreased by 7.9%, due to reductions across the retail and commercial businesses.
The company announced that the directors have recommended a final dividend of 3 pence per ordinary share, subject to shareholder approval at the Annual General Meeting on 28 April 2021.
Donald Trump Jr.’s Defense Of Ted Cruz’s Cancun Trip Contained 1 Embarrassing Error
Donald Trump Jr. jumped to the defense of Sen. Ted Cruz (R-Texas) ― and it did not go well.
Cruz faced mounting backlash Thursday after it emerged he’d flown to Cancun, Mexico, on vacation with his family as his home state suffered sweeping power outages caused by winter storms.
On Twitter, former President Donald Trump’s eldest son slammed “the hypocrisy of those trying to cancel Ted Cruz” whose silence “on their Democrat Governor’s incompetence is telling.”
But as many Twitter users immediately pointed out, Texas Gov. Greg Abbott is in fact a Republican:
In a video, Trump Jr. admitted the optics of Cruz’s trip were not ideal but claimed “in the grand scheme of things, he’s a senator, he doesn’t manage crisis in states, that’s a governor’s job.”
“Now, if I were a Trump, which I am, I’d come up with a nickname for something like this, like ‘Cancun Cruz,’” Trump Jr. added. “It’s funny, but honestly I can’t get on this bandwagon trying to cancel the guy.”
Watch the video here: