Plus500 FY Profit Rises – Quick Facts

Malaysia's regulator, stock exchange announce temporary reliefs for listed firms

KUALA LUMPUR (REUTERS) – Malaysia’s Securities Commission and Bursa Malaysia announced on Wednesday (Feb 17) temporary relief measures for listed companies.

The securities regulator and stock exchange will allow listed companies a one-month extension for issuing quarterly financial statements and annual reports.

Listed firms with unsatisfactory financial conditions and inadequate levels of operations will be granted more time to reassess their financial situation before making the requisite announcements.

More on this topic

Ahold Delhaize Q4 Underlying Profit Rises – Quick Facts

Ahold Delhaize (ADRND.PK,AHODF.PK) reported a loss per share of 0.01 euros, for the fourth quarter. IFRS-reported operating margin was 0.1%, impacted by the U.S. pension plan withdrawals. Underlying operating margin was 4.1%, for the quarter. Underlying EPS was 0.53 euros, an increase of 7.3% at constant rates. Fourth quarter net sales were 19.6 billion euros, up 18.0% at constant exchange rates.

The company proposed a cash dividend of 0.90 euros for fiscal 2020, an increase of 18.4% from 2019.

In 2021, the company expects underlying operating margin to be at least 4%. Underlying EPS is anticipated to grow by mid- to high-single digits relative to 2019. Free cash flow is expected to be approximately 1.6 billion euros.

The company is raising its cumulative cost savings target for 2019-2021 to 2.3 billion euros, up from previous target of 1.9 billion euros.

Ahold Delhaize said it remains committed to its dividend policy and share buyback program in 2021.

Supermarket retailer Ahold's fourth-quarter sales top estimates helped by online

Ahold Delhaize, a major operator of supermarket chains in the United States and Europe, on Wednesday reported a beat in fourth-quarter sales, driven by a surge in online orders during the pandemic.

In the quarter ending Dec. 31, Ahold said its sales rose 18% to 19.6 billion euros ($23.7 billion), topping the 18.5 billion seen in a company-compiled consensus.

UK inflation up by 0.7% in January    

  • British inflation rose a little more than expected in January as the country went back into a coronavirus lockdown, official data showed on Wednesday.

LONDON – British inflation rose a little more than expected in January as the country went back into a coronavirus lockdown, official data showed on Wednesday.

Consumer prices rose 0.7 in annual terms after a 0.6% increase in December, the Office for National Statistics said.

A Reuters poll of economists had pointed to the annual rate remaining at 0.6%

AstraZeneca: IDMC Recommends Primary Analysis For OlympiA Phase III Trial

AstraZeneca PLC (AZN.L,AZN) said the OlympiA phase III trial for AstraZeneca and MSD’s Lynparza will move to early primary analysis and reporting following a recommendation from the Independent Data Monitoring Committee. Based on the planned interim analysis, the IDMC concluded that the trial crossed the superiority boundary for its primary endpoint of invasive disease-free survival and showed a sustainable, clinically relevant treatment effect for Lynparza versus placebo for patients with germline BRCA-mutated high-risk HER2-negative early breast cancer.

The Independent Data Monitoring Committee did not raise any new safety concerns. The trial will continue to assess the key secondary endpoints of overall survival and distant disease-free survival.

Joe Biden Finally Says What A Lot Of People Are Thinking About Donald Trump

President Joe Biden is so over his predecessor. 

“I’m tired of talking about Donald Trump,” he said during Tuesday night’s town hall event in Milwaukee. “I don’t want to talk about him anymore.”

He said it twice during the event, including when asked about Trump’s second impeachment acquittal.

“Look, for four years all that’s been in the news is Trump,” Biden explained. “The next four years I want to make sure all the news is the American people.”

True to that sentiment, Biden referred to Trump only as “the former guy” at another point.

Based on the reaction on social media, the president is hardly alone in the desire to move on:

Total Produce, Dole Food Company To Combine Under Dole Plc – Quick Facts

Total Produce Plc (TOT.L), Dole Food Company (DOLE), and affiliates of Castle & Cooke have entered into a binding transaction agreement to combine under a newly created, U.S. listed company, Dole plc. Total Produce shareholders will receive 82.5% of Dole plc shares and the C&C shareholders will receive 17.5% of Dole plc shares. Total Produce Plc said the deal is anticipated to create significant value equivalent to at least 2.15 euros per Total Produce share based on an agreed floor valuation of $215 million for the 17.5% stake in Dole plc owned by the C&C shareholders on a fully diluted basis immediately prior to the completion of the transaction.

As per the deal, Dole plc is required to complete an IPO and a related listing on a major U.S. stock exchange. Dole plc plans to raise equity capital with a target amount of between $500 and $700 million. Upon completion of the U.S. listing of Dole plc, Total Produce will cease to be listed on Euronext Dublin and the London Stock Exchange.

Immediately following the transaction, existing Total Produce shareholders are expected to own approximately 55% of Dole plc on a fully diluted basis and the C&C shareholders are expected to own approximately 10% of Dole plc, with the remainder to be held by investors participating in the equity capital raise.

Plus500 FY Profit Rises – Quick Facts

Plus500 Ltd. (PLUS.L) reported that its net profit for the year ended 31 December 2020 significantly rose to $500.1 million or $4.71 per share from $151.7 million or $1.35 per share in the previous year, driven by the company’s improved operational and financial performance and the reduction in tax rate.

Total revenues for the year increased to $872.5 million from $354.5 million last year.

The company declared a total distribution of dividend and share buyback of $110.0 million, in addition to the total shareholder return for the first-half of 2020 of $168.3 million.

The new shareholder return includes a final dividend for the year ended 31 December 2020 of $55.6 million, representing $0.5422 per share and a special dividend for the year ended 31 December 2020 of $29.4 million, representing $0.2870 per share.

The company remains confident about the outlook. Revenue for fiscal year 2021 to grow from more normalised levels delivered in 2019.