News
FTSE 350 Look Ahead: ASOS, Kingfisher, Ocado, TUI, And More
Look ahead to FTSE 350, other companies reporting & economic events from 18 - 22 September
- ASOS plc (LON:ASC) battles with a drift back to bricks and mortar stores
- Kingfisher plc (LON:KGF)’s
Vistry – Strategy Shift To Focus On Affordable Housing
- Half-year underlying revenue rose 31.4% to £1.8bn
- Underlying operating profit was £206.7m, up 4.3%
- Net debt of £328.7m, compared to net cash of £118.2 at 31 Dec 2023
Vistry's Big Strategy
Berkeley Group – On Solid Foundations To Deliver Profit Guidance
- Private sales reservations down 35%
- Net cash of £325m expected at the end of October
- Pre-tax profit guidance reiterated
Berkeley Group's Earnings
Berkeley Group Holdings PLC (LON:BKG)
Currys – Customers Trim Spending On Computers
- Full year guidance remains unchanged
- Group sales down 4% in 17 weeks to 26 August
- Computer sales weak
- Cost savings still front and centre
Currys's Full Year Guidance Remains Unchanged
Prudential – New Strategy, New Growth Targets And A Decent First Half
- New business profit up 39% to $1.5bn
- Annual Premium Equivalent up 42% to $3.0bn
- Adjusted operating profit up 6% to $1.5bn
- Interim dividend up 9%
Prudential Continues To Benefit From
Admiral: Prices Hiked 20% In UK Motor Insurance As The Battle With Cost Inflation Lingers On
- Profit before tax up 4% to £233.9m
- Group turnover up 21% to £2.24bn
- Customers up 4% to 9.41m
- Interim dividend down 15% to 51.0p, 38.0p normal + 13.0p special
Admiral’s Price Hikes
Legal & General: Pensions Business Stands Out As New Accounting Rules Kick In
- Operating profit of £941m, down 2%
- Dividend of 5.71p, up 5%
- Stock of deferred profits up to £13.8bn
Legal & General’s Earnings
“Don’t be alarmed if numbers look a little different to
FTSE 350 Look Ahead: Legal & General, Admiral, Balfour Beatty & More
Look ahead to FTSE 350, other companies reporting & economic events from 14-18 August
- Legal & General Group Plc (LON:LGEN) looks to capitalise on the higher rate environment
- Can Admiral
Amazon – Beats Expectations, $100m Generative AI Investment Announced
- Second quarter net sales of $134.4bn far ahead of expectations of $131.5bn as retail and AWS sales rise
- AWS profits dip to $5.4bn from $5.7bn last year, North America retail back in profit
Rolls-Royce Profit Takes Off
- UK/European markets look to steady after US/Asian sell-off.
- Bank of England meets to decide whether to hike rates once more.
- Rolls Royce reports vastly improved performance at half-year
BAE Systems – Continues To Soar To New Heights
- First-half sales of £12.0bn, up 11% ignoring exchange rate impacts
- Underlying operating profit rose 10% to 1.3bn
- Interim dividend raised 11% to 11.5p
BAE Systems’ Earnings
“A strong
NatWest – Margin Guidance Disappoints As Consumers Shop Around For Better Rates
- Half-year total income rose 24% to £7.7bn
- Net interest margin rose from 2.58% to 3.20%, 3.13% for Q2
- Net impairment charge of £223m, default levels remain steady
- Earnings per share of
Rivian: A Roaring Rise Or Time To Cash Out?
Key Points
- Rivian stock has surged nearly 87% in the last month and 106% in the previous three months.
- Analysts maintain a Moderate Buy rating with a consensus price target of $27.11
Don’t Be A Hero: Where To Next In Fixed Income?
VettaFi’s Fixed Income Symposium kicked off Monday morning with a discussion about the state of fixed income. Where will the Fed go next, and what can we learn from bonds’ return to relevance? How
3 Reasons Why Rivian Can Continue To Surge Higher
Key Points
- Rivian’s stock has risen over 40% year-to-date after breaking above critical resistance levels and establishing firm support.
- The stock broke out after the company announced
FTSE 350 Look Ahead: Ocado, ASML, Tesla, easyJet, And More
Look ahead to FTSE 350, other companies reporting & economic events from 17 – 21 July
- Can Ocado Group PLC (LON:OCDO) overcome a difficult economic backdrop?
- Will sluggish market conditions
Sunak Expected To Rubber Stamp 6% Pay-Rise For Public Sector Workers
- Hunt and Sunak to consider review bodies’ pay proposals
- Barratt still on track to meet expectations
- UK GDP shrinks in May, but not by much
- Bob Iger given 2 more years at Disney
- Chinese
Laut einer neuen Studie haben 97 % der europäischen Unternehmen Probleme mit ihren derzeitigen Zahlungssystemen
9 von 10 Unternehmen planen in den nächsten 18 Monaten in die Modernisierung ihrer Zahlungssysteme zu investieren
PARIS, July 12, 2023 (GLOBE NEWSWIRE) -- Numeral, die führende Plattform für die
Currys – Dividend Ditched As Profits Fall
Currys’ (LON:CURY) full-year revenue fell 7% to £9.5bn on a like-for-like basis, with declines in all markets except Greece. This was due to a fall in consumer spending as persistent inflation and
We Soda Cancels IPO In Fresh Blow To London
- We Soda, the world’s largest producer of natural soda ash, has pulled out of plans for a listing on the London Stock Exchange.
- It would have been the biggest UK listing so far in 2023.
Constellation Brands Taps into Growth: Analysts Bullish on Stock
Key Points
- Constellation Brands stock was up 6.27% over the past three months and 9.01% over the past six months.
- Analysts recently upgraded price targets or reiterated “buy” ratings.
Pink Moon Studios Reveals ‘KMON: World of Kogaea’ Pioneering a New Era in Web3 Open-World Gaming
Singapore, Singapore, June 2nd, 2023, Chainwire
Pink Moon Studios, a leading innovator in the Web3 gaming industry, is thrilled to announce the launch of their latest sensation, “KMON: World of
Pennon – Dry Weather Restricts Profit Pipeline
Pennon Group plc (LON:PNN)’s full-year underlying revenue rose 4.1% to £825.0m, reflecting contract wins by Pennon Water Services and a full twelve-month contribution from Bristol Water.
FTSE 350 Look Ahead: B&M, Dr Martens, Pennon, And More
Look ahead to FTSE 350, other companies reporting & economic events from 29 May – 2 June
- Ocado Group PLC (LON:OCDO) set to drop out of FTSE 100
- Birmingham based engineer IMI plc (LON:IMI)
Pets At Home – Sales Growth Impresses But Momentum Set To Slow
Pets at Home Group PLC (LON:PETS)’s full year revenue rose 6.6% to £1.4bn. In the core retail business, like-for-like growth was up 7.5% with revenue of £1.3bn. Sales were a record for the group