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

UK pre-market stocks update – EasyJet, Anglo American, Diageo, Dr Martens

Stock MarketsJan 27, 2022 07:46
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters.

By Samuel Indyk – At 07:44GMT, FTSE 100 futures are trading lower by 1.3% at 7327.

In FX markets, GBP/USD is trading at 1.3424, EUR/GBP is trading at 0.8350. The US Dollar Index is up 0.8%.

Bitcoin is trading at $36,239.

Today’s calendar highlights include US GDP, Durable Goods, Jobless Claims, Pending Home Sales.

Federal Reserve

The FOMC said it would soon be appropriate to raise the target range, with bond buying to end in Early March.

Fed Chair Jerome Powell did not say if the Fed could raise interest rates at every meeting, instead saying the central bank would by “guided by the data”.

The Fed also released a separate set of principles and guidelines on the approach they will use to shrinking the balance sheet.


Diageo (LON:DGE) - H1 reported net sales increased 15.8% to £8.0 billion. Organic net sales grew 20.0%, driven by strong double-digit growth across all regions. Reported operating profit of £2.7 billion increased 22.5%, and reported operating margin increased 190bps. Accelerating timeline to complete return of capital programme during fiscal 23. Over the medium-term, from fiscal 23 to fiscal 25, continue to expect organic net sales to consistently grow within a range of 5% to 7%.

Anglo American (LON:AAL) - Q4 rough diamond production increased by 15%. Platinum Group Metals operations more than doubled refined production in the quarter, and resulted in a record full year refined production of 5.1Moz. Metallurgical coal production increased by 5%. Copper operations' full year production was in line with the prior year. Full year iron ore production increased by 3%.

EasyJet (LON:EZJ) - Q1 loss almost halved year on year alongside significantly reduced operating cash burn. Carried 11.891 million passengers in Q1, up from 2.858 million in same period last year. Load factor was 77% in Q1. During Q1 easyJet (LON:EZJ) flew 64% of FY'19 capacity which was broadly in line with the guidance provided. Omicron impacted bookings in short term. Q4 on sale capacity is at near 2019 levels, with easyJet's leisure flows expected to see strong demand this summer, in line with previous expectations. Currently has c.67% of Q2 19 capacity on sale. In January, capacity will be c.50% of 2019 levels.

Hammerson (LON:HMSO) - Now expects that FY21 adjusted earnings will be in the range of £75-£80 million, ahead of the minimum of £60 million previously indicated. UK sales remained strong around Christmas, at 97% of 2019 levels in November and 93% in December; sales in France were 92% of 2019 levels in November and 93% in December. FY20 Group rent collections stand at 97% of billable rent; FY21 collections are at 88%.

Whitbread (LON:WTB) - Announced that Hemant Patel has been appointed as Chief Financial Officer.

St. James’s Place (LON:SJP) - Ian Gascoigne, Managing Director of the Partnership, has informed the Board of his decision to retire from the Board of St. James's Place and as a Director on 31 March 2022. Separately, the company said reported net inflows of £11.04 billion for the year, representing 8.5% of opening funds under management. Closing funds under management increased 19% to £153.99 billion.

IG Group (LON:IGG) - H1 net trading revenue increased 16% to £471.9 million. Profit before tax increased 8% to £245.2 million. Active clients increased 42% to 320,400. Interim cash dividend of 12.96 pence per share. Expect the FY22 full year variable remuneration charge to be above the FY21 charge, reflecting the increase in the number of Group employees.  As a result, now expect total adjusted operating costs to increase by around 7% on the combined FY21 IG and tastytrade cost base.

M&G (LON:MNG) - Agreed to acquire a majority stake in responsAbility Investments AG. Financial details were not disclosed.

3I Group (LON:III) (LON:III) - Increased NAV per share to 1,235 pence in Q3. Total return of 32.6% for the nine months to 31 December 2021. Recognised a £201 million loss on foreign exchange, net of hedging, in the quarter, as sterling strengthened against the euro and US dollar.

Rank Group (LON:RNK) - Returned to profitability in H1. Group underlying net gaming revenue increased 90% to £333.5 million. Underlying operating profit swung to profit of £24.1 million from £41.2 million loss. Not proposed an interim dividend but expects to restart dividend payments as soon as circumstances permit. Expects underlying EBIT for the year ending 30 June 2022 to be within a range of £55-£65 million.

Petropavlovsk (LON:POG) - Q4 2021 total gold production was 143.1koz, a 26% increase versus Q4 2020. Gold sales totalled 130.1koz in Q4 2021. Average realised gold price for Q4 2021 was US$1,796/oz. Total gold production for 2022 is expected to be in the range of 380-420koz, comprising own gold production of 345-365koz and 35-55koz of gold from 3rd-party concentrate.  The outlook for total production is expected to be similar in 2023, but with a higher proportion of gold from own-mined ore.

Dr. Martens (LON:DOCS) - Q3 group revenue increased 11% to £307.0 million, in line with expectations. Remain confident in achieving market expectations for first full year as a listed business, subject to no significant Covid impact in Q4.

Britvic (LON:BVIC) - Q1 total revenue increased 16.5% to £373.9 million. Experiencing inflationary pressures across the business; remain focused on minimising the impact on business through a combination of revenue management, smart procurement and disciplined cost control.

AO World (LON:AO) - Current trading estimates for the full year remain in line with the guidance set out at the Interim Results in November. Q3 group revenues down 14% YoY, up 45% on a two year basis. Decided to commence a strategic review of its German business, which will evaluate a range of options.

Greencore (LON:GNC) - Q1 group revenue increased 24.4% to £389.0 million. To date, there has been some impact on the Group's revenue momentum in what is its seasonally quieter period of the year. Continues to anticipate a FY22 outturn in line with market expectations.

Polymetal International (LON:POLYP) - FY 21 gold equivalent production amounted to 1,677 Koz, a 2% increase YoY and 5% above the original production guidance. Revenue in 2021 was stable YoY at $2.9 billion. Reiterates its current production guidance of 1.7 Moz of GE for FY 22 and 1.75 Moz of GE for FY 23.

Intermediate Capital Group (LON:ICP) - Total of $18.1 billion raised in the nine months since 31 March 2021. Third-party AUM of $67.2 billion at 31 December 2021, an increase of 3% in Q3.

NCC Group (LON:NCCG) - H1 revenue up 14.2% at constant currency. Revenues excluding the recent IPM acquisition grew 7.2% at constant currency. H2 2022 trading to date is currently in line with expectations following sales order momentum in December and January. Anticipate a strong H2 2022 leading to full-year outturn to be in line with management expectations. Unchanged interim dividend of 1.50p per share.

Tritax Big Box REIT (LON:BBOXT) - Occupier demand remains high with take up in 2021 exceeding 42 million sq ft for the second consecutive year. UK logistics investment volumes totalled a record £16.5 billion in 2021, up from £9.2 billion in 2020.

Euromoney Institutional Investor (LON:ERM) - Announces the acquisition of Boardroom Insiders for a cash consideration of $25.0 million. Separately, Q1 group reported revenue up 19% to £93.3 million. Underlying revenue growth in both subscriptions up 8% (67% of Group revenue) and events up 53% (23% of Group revenue).

Mitie Group (LON:MTO) - Q3 revenue including share of joint ventures and associates of £1.008 billion was 51% ahead of the same period last year. FY22 revenue and operating profit before other items are now expected to be in the region of £3.8-£3.9 billion and £160-£165 million, respectively (up from £145-£155 million).

CVS Group (LON:CVSG) - H1 revenue up 11.4%, adjusted EBITDA up 15.5%. Trading comfortably in line with full year expectations.

Fevertree Drinks (LON:FEVR) - FY total revenue increased 23% to £311.1 million, ahead of the guidance provided at the Interim Results in September. Estimate that revenue will grow to between £355-£365 million in FY22.

Foxtons (LON:FOXT) - Revenues across all business segments for the twelve month period well ahead of the prior year and 2019. Total revenue for the full year was circa £133 million, up 42% on the prior year, including a £16.8 million contribution from Douglas & Gordon. Expects a further improvement in adjusted operating profit in the year ahead.

John Menzies (LON:MNZS) - Overall trading through latter part of Q4 was in line with board’s expectations.

UK pre-market stocks update – EasyJet, Anglo American, Diageo, Dr Martens

Related Articles

Nordstrom Shares up 9% on Q1 Beat and Raise
Nordstrom Shares up 9% on Q1 Beat and Raise By - May 24, 2022

By Davit Kirakosyan Nordstrom (NYSE:JWN) shares rose around 9% after-hours following the company’s reported Q1 results, with revenue coming in at $3.57 billion (up 18.7%...

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.
Comments (1)
Jenna Robinson
Jenna Robinson Jan 27, 2022 7:55
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the future is bright
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