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European stocks bounce as UK home prices cool down – Business Live

12:14 pm BST

GSK exceeded expectations in second-quarter profits after more hospital visits as Covid-19 restrictions were relaxed and vaccine sales increased.

This means that the expected decline in profits in 2021 will be less than expected.

GSK performed well in the second quarter. This positive momentum is expected to continue into the second half of this year, with a better end to the 2021 earnings guidance range and a significant performance improvement in 2022. We continue to strengthen our pipeline and are on track for separation.

11.34am BST

Meanwhile, Aston Martin dealer sales more than tripled in the first half of 2021 compared to the pandemic start of 2020. This is because the revenue from the new DBX has helped reduce the losses of struggling automakers.

British automakers sold 2,901 units in the six months from 895 units in the same period in 2020 to June. We will sell 6,000 units this year and plan to expand to 10,000 units annually by 2025. The comparison is distorted by the onset of the coronavirus. It was a pandemic when car dealers and factories were closed all over the world, but it’s still a sign of improvement for automakers and was saved by fashion billionaire Lawrence Stroll in early 2020. rice field.

The demand for our products, the pipeline of new products, and the quality of the team to execute, we are very confident of our continued success as we move toward our medium-term goal of 10,000 units and £ 2 billion in revenue. Will give you. Turning Aston Martin into one of the world’s finest ultra-luxury car brands will result in £ 500m adjusted EBITDA.

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European stocks bounce as UK home prices cool down – Business Live

Source link European stocks bounce as UK home prices cool down – Business Live

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