Tag: Strong

UK housing market continues strong recovery as prices surge

October 1, 2020
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UK house prices rose by five per cent in September compared with a year previous according to the latest data from Nationwide.

The building society said the annual rate of growth was at its highest in four years as the post-lockdown recovery continued.

Its lending data revealed that there had been a 0.9 per cent increase in house prices from August, following a 2.0 per cent rise on the previous month, taking annual growth from 3.7 per cent to 5.0 per cent.

Read more: Official figures confirm jump in UK house prices

It cited the lifting of restrictions on viewings as well as the stamp duty holiday as key factors for activity “recovering strongly”, with the latter “adding to momentum”

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Wall Street rallies to close out strong, but wild quarter

September 30, 2020
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  • FILE - In this Monday, Sept. 21, 2020 file photo, a giant American Flag hangs on the New York Stock Exchange. Wall Street is rallying Wednesday, Sept. 30 on rising hopes that Washington may pierce through its paralyzing partisanship to offer more aid for the economy. Photo: Mary Altaffer, AP / Copyright 2020 The Associated Press. All rights reserved.
    FILE – In this Monday, Sept. 21, 2020 file photo, a giant American Flag hangs on the New York Stock Exchange. Wall Street is rallying Wednesday, Sept. 30 on rising hopes that Washington may pierce through its paralyzing partisanship to offer more aid for the economy. less
    FILE – In this Monday, Sept. 21, 2020 file photo, a giant American Flag hangs on the New York Stock Exchange. Wall Street is rallying Wednesday, Sept. 30 on rising hopes that Washington may pierce through its … more


    Photo: Mary Altaffer, AP

FILE – In this Monday, Sept. 21, 2020 file photo, a giant American Flag hangs on the New York Stock Exchange. Wall Street is rallying Wednesday, Sept. 30 on rising hopes that Washington may pierce through its paralyzing partisanship to offer more aid for the economy. less
FILE – In this Monday, Sept. 21, 2020 file photo, a giant American
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Canada Goose Stock Pops on Upgrade Highlighting Strong Sales

September 30, 2020
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Canada Goose stock jumped on an analyst upgrade Wednesday.


Matt Winkelmeyer/Getty Images for Canada Goos

A mild winter in many parts of the country and a job-crushing pandemic have hurt demand for pricey down coats, and in turn,

Canada Goose Holdings

’ stock. Yet Cowen & Co. argues the worst is over for the outwear company, sending shares soaring more than 10% on Wednesday.

Analyst Oliver Chen lifted his rating on

Canada Goose

(ticker: GOOS) to Outperform from Market Perform, and raised his price target to $36 from $31. He believes the company “is well positioned as an outdoor resource amid the pandemic, as a leading brand in stores, and as a global luxury beneficiary as China improves faster.”

He highlights the company’s positive free cash flow, robust margins, and profitable retail channel, despite the headwinds facing the sector this year. Moreover, his recent consumer surveys showed that

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Egypt Gets Strong Demand for Debut Sovereign Green Bond

September 29, 2020
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(Bloomberg) — Egypt pulled in orders for nearly five times the $750 million size of the Middle East and North Africa’s first sovereign green bond, as it pushes ahead with anti-pollution and renewable energy projects.

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The Arab world’s most populous nation sold the five-year notes at a yield of 5.25%, well inside an opening target of about 5.75%, after amassing more than $3.7 billion of investor orders, according to a person familiar with the matter who asked not to be identified because they aren’t authorized to speak publicly.

The bond forms part of Egypt’s strategy to lock-in new financing sources and broaden the country’s investor base, steps that could in turn help lower its borrowing costs. It is touting a $1.9 billion portfolio of potential green projects, including clean transportation, renewable energy and sustainable water management.

Egypt joins a growing green bond wave with Tuesday’s sale, as global

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Diageo Toasts Improving Alcohol Sales and Strong U.S. Demand. The Stock Is Rising.

September 28, 2020
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Diageo, the world’s largest spirits maker, said its outlook has improved following a “good start” to the fiscal year, driven by its U.S. business.


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Diageo

stock climbed 7% early on Monday, as the world’s largest spirits maker said its outlook has improved following a “good start” to the fiscal year, driven by its U.S. business.

The FTSE 100-listed drinks giant said the reopening of bars and restaurants had led to “robust demand” across all of its regions but warned the pace of recovery varied from country to country, depending on government restrictions.

The back story. The Guinness maker, like many other drinks companies, has been hit hard by the coronavirus pandemic as many countries around the world forced bars and restaurants to close for a period of months earlier this year. The company relied on an increase in people drinking at home in lockdown.

Read:Heineken

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Hecla Reports Strong Production and Cash Generation

September 27, 2020
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Increases 2020 Production Estimates, Repays Revolving Credit Facility

COEUR D’ALENE, Idaho–(BUSINESS WIRE)–
Hecla Mining Company (NYSE:HL) today announced preliminary production results, anticipated cash position at the end of the third quarter, repayment of the revolving credit facility and increased production estimates for the year.¹

HIGHLIGHTS

  • Estimated silver production between 3.2 million and 3.4 million ounces
  • Estimated gold production between 41,000 and 43,000 ounces.
  • Revolving credit facility repaid in full during the quarter.
  • Cash and Cash Equivalent position anticipated to exceed $90 million.

“We are very pleased with third quarter operational performance particularly as the mines continue safe practices to manage COVID-19,” said Phillips S. Baker, Jr., President and CEO. “Lucky Friday’s ramp up is as planned so this year’s production should double last year and is set up to potentially double again next year. The higher-than-expected silver grades at Greens Creek have driven silver production higher for

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