By Samuel Indyk
Investing.com – At 07:27GMT, FTSE 100 futures are trading lower by 0.5% at 7287.
In FX markets, GBP/USD is trading at 1.3221, EUR/GBP is trading at 0.8540. The US Dollar Index is flat.
Today’s calendar highlights include US CPI, Michigan Consumer Sentiment, Baker Hughes Rig Count.
Data
UK GDP increased 0.1% in October, below the expected 0.4% increase. The Office for National Statistics (ONS) said that while GDP growth slowed, the UK health sector grew strongly while second-hand car sales and employment agencies boosted the economy. The gains were offset by a drop in restaurants and reduced oil and gas use. Construction saw its biggest drop since April last year partly driven by raw materials shortages.
Stocks
Anglo American (LON:AAL) - 2021 production up 7% amid strong platinum group metals performance and higher rough diamond demand. 2021 unit costs up 10%. Capex of $5.2 billion which was lower due to COVID delays and supply chain disruptions. Confirms 2021 guidance and value accretive 35% growth over next decade. Separately, the company upgraded the scope of the Woodsmith polyhalite fertiliser project.
Associated British Foods (LON:ABF) - Trading to date in new financial year across Grocery, Sugar, Ingredients and Agriculture has been in line with expectations. Primark trading year to date has been ahead of expectations with improved like-for-like sales compared to Q4 of last financial year. Currently expect Primark sales to be significantly better than sales in the comparable period in the last financial year, from December 2020 to April 2021, when the estate was largely closed. Continue to expect significant progress, at both the half and full year, in adjusted operating profit and adjusted earnings per share for the Group.
Hilton Food Group (LON:HFG) - To acquire smoked salmon producer Dutch Seafood Company for enterprise value of €90.0 million. Launched an equity placing to raise gross proceeds of approximately £75 million to part fund the acquisition.
Dunelm (LON:DNLM) - Signed a £185 million sustainability-linked unsecured revolving credit facility.
SDCL Energy Efficiency Income Trust (LON:SEIT) - Net asset value up 36% at 30th September to £943.6 million. NAV per share up 2% to 104.5 pence.
Deepverge (LON:DVRG) - Modern Water, a division of DeepVerge announces the completion of development of the 3rd generation compact Microtox PD COVID detection system, which is now scheduled for launch in Q1 next year.
Heathrow - November passengers up 310% on last year to 3.066 million. Air transport movement up 107.6% to 23,588.