Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

UK market update – Wetherspoon loss widens, Capita sells unit

Stock MarketsOct 01, 2021 07:32
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Samuel Indyk – At 07:30BST, FTSE 100 Futures are trading lower by 0.9% at 7,043.

In FX markets, GBP/USD is trading at 1.3454, EUR/GBP is trading at 0.8607. The US Dollar Index is up 0.1%.

Today’s calendar highlights include Eurozone, UK and US manufacturing PMIs, Eurozone CPI, US PCE Price Index, US ISM Manufacturing, and Michigan Consumer Sentiment.


J D Wetherspoon (LON:JDW) - FY revenue down 38.8% to £772.6 million. Loss before tax widens to £154.7 million from £34.1 million previously. Like-for-like sales in first 9 weeks of new financial year were 8.7% lower than same weeks in 2019.

Ao World (LON:AO) - On a two-year like-for-like basis, group revenues grew circa 66%, with UK business growing circa 63% and like-for-like revenues in Germany up circa 84% over the same period. Challenging market dynamics in both the UK and Germany resulted in lower volumes than expected which affected operational leverage, particularly in the second quarter  Expect revenue growth in H2 to record a similar growth rate to H1 and anticipate that group Adjusted EBITDA for the full year to be between £35 million and £50 million.

Capita (LON:CPI) - To sell its Secure Solutions and Services business to NEC Software Solutions for £62 million.

Greencore (LON:GNC) - Further improvement in revenue, profitability, and cash flow momentum during Q4. Expects to generate an FY21 Adjusted Operating Profit outturn towards the upper end of previous guidance of between £36 million and £40 million.

Ocado (LON:OCDO) - Successfully priced £500 million senior notes offering, upsized from the initial anticipated £400 million due to strong demand.

Euromoney Institutional Investor (LON:ERM) - FY adjusted profit before tax is expected to be significantly ahead of analysts' expectations before the impact of IAS 38.

Aviva (LON:AV) - Completes sale of Aviva Italia to Allianz (DE:ALVG) for £284 million.

Darktrace (LON:DARK) - KKR Dark Aggregator LP, Summit DT CLN Holdings 4 and Balderton Capital SFI have sold 25,000 ordinary shares in the company at 750 pence per share, having waived the lock-up arrangements.

Sdcl Energy Efficiency Income Trust PLC (LON:SEIT) - Has acquired remaining 35% interest in Primary Energy that it did not already own for a cash consideration of approximately £92 million.

UK market update – Wetherspoon loss widens, Capita sells unit

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
Sign up with Email