Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

UK Pre-Market News – Shell, Lloyds, WPP, Evraz, Meggitt, Travis Perkins, Inchcape

Stock MarketsOct 28, 2021 07:45
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters

By Samuel Indyk

Investing.com – At 07:40BST, FTSE 100 futures are trading lower by 0.05% at 7225.

In FX markets, GBP/USD is trading at 1.3743, EUR/GBP is trading at 0.8445. The US Dollar Index is up 0.05%.

Today’s calendar highlights include German unemployment, Eurozone Consumer Confidence, ECB rate decision, German CPI, US GDP, weekly jobless claims, and Pending Home Sales.

Stocks

Royal Dutch Shell (LON:RDSa) - Q3 revenue $61.3 billion. Net income of $4.1 billion. Declared dividend of $0.24 per share. To distribute $7 billion to shareholders from next year after deal to sell US Permian assets to ConocoPhillips (NYSE:COP) closes. Separately, activist investor Third Point has built a “large stake” in Shell and urged the company to split into multiple standalone companies.

Lloyds (LON:LLOY) - 9-month statutory profit before tax of £5.9 billion, up significantly compared to the first nine months of 2020. Net income up 8% to £11.6 billion. Net interest margin now expected to be modestly above 250 basis points. Impairment now expected to be a net credit for the year.

EVRAZ (LON:EVRE) - Q3 consolidated crude steel output edged up by 1.0% QoQ. Total sales of steel products decreased by 8.2% QoQ, primarily due to slowdown of Russian construction products market. External sales of iron ore products decreased by 10.1% QoQ.

WPP (LON:WPP) - Q3 like for like revenue less pass through costs up 15.7%. Raised full year guidance for like for like revenue growth to 11.5%-12.0%. Sees full year headline operating margin slightly above 14%.

Synthomer (LON:SYNTS) - To acquire the Adhesive Resins business from Eastman Chemical Company (NYSE:EMN) for $1 billion in cash. To conduct equity placing to help finance deal and raise approximately £200 million.

Meggitt (LON:MGGT) - Year to date book to bill of 1.03x in Civil Aftermarket and 1.19x in Energy. Q3 group revenue up 5%. FY revenue now expected to be 5% lower than 2020 on an organic basis. Underlying operating profit expected to be in range of £170-£190 million.

DS Smith (LON:SMDS) - Overall financial performance remains in line with expectations. Input costs including energy, OCC and logistics have seen significant increases throughout the half year which the company continues to actively manage.

Travis Perkins (LON:TPK) - Q3 like for like sales growth of 13.1%. Now expects adjusted operating profit for the full year 2021 will be ahead of current market expectations and will be at least £340 million (inclusive of around £40 million of property profits).

Inchcape (LON:INCH) - Q3 revenue up 10% YoY to £1.9 billion on an organic basis. 2021 profit before tax outlook upgraded to at least £290 million driven by strong margin performance.

Restaurant Group (LON:RTN) - Appointed Ken Hanna as new Chairman, with effect from 1st January 2022.

Helios Towers (LON:HTWS) - YTD 2021 revenue increased by 6% YoY to $326.8 million. Adjusted EBITDA increased by 5% YoY to $175 million. Tenancy guidance for the established five markets remains unchanged.

Diversified Energy Company (LON:DEC) - Record average net daily production of 128 Mboepd. Q3 hedged adjusted EBITDA of $92 million. Increase quarterly dividend to 4.25 cents per share.

Elementis (LON:ELM) - Q3 revenue up 16% on an underlying basis, driven by higher volumes and pricing actions. 2021 outlook unchanged.

Airtel Africa (LON:AAF) - H1 reported revenue up 25.2% to $2.272 billion. Underlying EBITDA grew by 35.2% to $1.098 billion in reported currency and underlying EBITDA margin improved to 48.3%. Declared an interim dividend of 2 cents per share.

HarbourVest Global Private Equity (LON:HVPEa) - NAV per share growth of 22.6% over the first half.

Bytes Technology Ltd (LON:BYIT) - H1 revenue up 13.7% to £251.4 million. Operating profit up 19% to £23.2 million. Declared interim dividend of 2.0 pence per share.

C&C Group (LON:GCC) - H1 net revenue increased 65% to €657.3 million. Assuming current trading conditions prevail, expect to deliver FY2022 Operating Profit in the range of €50-€55 million.

Virgin Wines (LON:VINO) - FY group revenue increased 30% to £73.6 million. Profit before tax and exceptional items increased 86% £5.2 million. The Group continues to trade in line with management expectations for FY22.

Foxtons (LON:FOXT) - 9-month group revenue up 50% to £103.6 million. Rents back to 2019 levels and under offer sales pipeline is significantly ahead of 2019 levels.

UK Pre-Market News – Shell, Lloyds, WPP, Evraz, Meggitt, Travis Perkins, Inchcape
 

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 Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
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?
 
Post
 
Replace the attached chart with a new chart ?
1000
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 Investing.com'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
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email