By Samuel Indyk
Investing.com – At 07:28GMT, FTSE 100 futures are trading lower by 0.4% at 7474.
In FX markets, GBP/USD is trading at 1.3718, EUR/GBP is trading at 0.8357. The US Dollar Index is flat.
Bitcoin is trading at $42,843.
Today’s calendar highlights include German GDP, US Retail Sales, US Industrial Production, Michigan Consumer Sentiment, Baker Hughes Rig Count.
Data
UK GDP increased 0.9% MoM in November. GDP is now 0.7% above its pre-pandemic peak, according to the Office for National Statistics.
The ONS said the economy grew strongly in the month before Omicron struck with architects, retailers, couriers and accountants having a “bumper month”. Construction also recovered after several weak months.
Stocks
Experian (LON:EXPN) - Q3 revenue up 14% at actual exchange rates and 15% at constant exchange rates. Now expect organic revenue growth for the full year to be in the range of 12-13%, with total revenue growth now expected in the range of 16-17%, at constant exchange rates. Continue to expect strong EBIT margin accretion, also at constant exchange rates.
Cineworld (LON:CINE) - Group revenue was 88% of 2019 levels in December, up from 56% in November. Cineworld also confirms that it served its notice of appeal of the decision of the Ontario Superior Court of Justice in the case of Cineplex against Cineworld on 12 January 2022.
B&M (LON:BMEB) - SSA Investments has sold an aggregate of 40 million ordinary shares or approximately 4.0% of B&M’s shares, at a price of 585 pence per share. Following settlement of the Placing, which is expected to take place on 18 January 2022, SSA Investments will continue to hold approximately 7.0% of B&M's ordinary shares.
Currys (LON:CURY) - In 10 weeks to 8th January, group like-for-like revenue was down 5%, up 4% against the same period two years ago. Group full year adjusted EBITDA expected to be around £155 million. Beginning £75 million share repurchase programme today.
Petropavlovsk (LON:POG) - KPMG has published its final report on its forensic investigations into certain historical transactions undertaken by the Company and its subsidiaries, focused on but not limited to a period of three years to August 2020. The Report has identified a number of potential issues with historical transactions and payments involving the Group with an estimated value of $302.4 million. The Report does not draw conclusions on specific wrongdoing but does establish some clear patterns of inappropriate behaviour and points to possible lapses in corporate governance and controls during the period in question.
PureTech Health (LON:PRTC) - Entity Gelesis, a company founded by PureTech, announced the completion of its business combination with Capstar Special Purpose Acquisition. The publicly traded company will be known as Gelesis Holdings, Inc. and will begin trading on the New York Stock Exchange under the ticker symbol "GLS" on January 14, 2022.
Vivo Energy (LON:VVO) / Aston Martin Lagonda (LON:AML) - Doug Lafferty has resigned as Chief Financial Officer of Vivo Energy to take up the position of CFO at Aston Martin Lagonda Group Holdings.
Bellway (LON:BWY) - John Tutte will join the Board as Non-executive Chairman Designate on 1st March 2022. John will succeed Paul Hampden Smith, who will retire from the Board as Non-executive Chairman on 1st April 2022.
McColl's Retail Group (LON:MCLSM) - Richard Crampton has informed the Board of his decision to resign as Chief Commercial Officer to take up the role of Director of Fresh Food and Food Services at J Sainsbury (OTC:JSAIY) plc.
Foxtons (LON:FOXT) - Announce the simultaneous disposal of the D&G sales business and all of its branches, by way of the sale of Douglas & Gordon, and the integration of the D&G lettings business into the Foxtons network. The disposal of the sales business will result in an impairment loss of approximately £3.0 million, which will be recognised by the Group as an adjusted item in the financial statements for 2021. The D&G sales business is being disposed of for nominal consideration to its current CEO, James Evans.
Senior PLC (LON:SNR) - FY group revenue likely to be around £659 million with both Aerospace and Flexonics Divisions in line with management's expectations. Anticipates the adjusted loss before tax will also be in line with management's expectations.