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 stocks update – GSK, BATS, AstraZeneca, SSE, Babcock

Stock MarketsDec 07, 2021 07:38
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Samuel Indyk

Investing.com – At 07:34GMT, FTSE 100 futures are trading higher by 0.3% at 7266.

In FX markets, GBP/USD is trading at 1.3280, EUR/GBP is trading at 0.8504. The US Dollar Index is down 0.1%.

Today’s calendar highlights include German ZEW, Eurozone GDP, US Trade Balance, Canadian Trade Balance.

Data

UK house prices increased 3.4% over the last three months, the fastest pace in 15 years, according to Halifax. In November, house prices increased 1.0% from October and 8.2% from the same period last year.

Stocks

GlaxoSmithKline (LON:GSK) - Preclinical studies demonstrate that its monoclonal antibody sotrovimab retains activity against the full combination of mutations in the spike protein of the Omicron SARS-CoV-2 variant. The preclinical data was generated through pseudo-virus testing of the combined known mutations of the Omicron variant, which included the maximum number of changes (37 mutations) identified to date in the spike protein.

British American Tobacco (LON:BATS) - Acquired 3.6 million consumer of non-combustibles to September year to date. Revenue growth at constant currency above 5%. Maintaining mid single figure constant currency adjusted diluted EPS growth guidance for 2021. Applying current foreign exchange rates, would expect a translation headwind of over -7% on adjusted diluted EPS growth.

AstraZeneca (LON:AZN) - Signs deal with Ionis to develop and commercialise eplontersen. Eplontersen is a ligand-conjugated antisense investigational medicine currently in Phase III clinical trials for amyloid transthyretin cardiomyopathy and amyloid transthyretin polyneuropathy.

Ashtead Group (LON:AHT) - H1 revenue up 18% to $3.884 billion. EBITDA up 18% to $1.832 billion, Operating profit up 34% to $1.053 billion. Interim dividend increased by 28% to $0.125 per share. Now expect full year results ahead of previous expectations. Expects full year rental revenue of 18%-20% (Previously 13%-16%).

SSE (LON:SSE) - Elliott Management has called for the appointment of two non-executive directors and criticised CEO in a new letter to SSE Chair Sir John Manzoni. Elliott has called on SSE to review its business which should include consideration of the sale of a larger stake of the electricity networks business and the partial listing and possible sale of a stake in the renewables division.

Ferguson (LON:FERG) - Q1 net sales up 26.6% to $6.803 billion. Adjusted operating profit up 58.5% to $767 million. Expect tapering of growth in second half of financial year on tougher prior year comparatives and remain mindful that the recent tailwinds from inflation on gross margins will likely moderate. Increased full year expectations given the strong momentum in the business.

Babcock International (LON:BAB) - H1 revenue up 8% to £2.223 billion. Underlying operating profit increased to £115.3 million. Portfolio alignment issue to continue with proceeds used to strengthen the balance sheet further or will be invested in future growth. Full year outlook unchanged.

Inchcape (LON:INCH) - Agreement to acquire Interamericana Trading Corporation and Simpson Motors from the Simpson Group. The acquired businesses are expected to add c.£120m of annualised revenue, and will be accretive to Group margins.

PageGroup (LON:PAGE) - Growth in October was +16% vs. 2019 in constant currencies and November was +26%. Subject to no further unexpected events, the Group now expects full year operating profit to be in the region of £165 million.

Tritax EuroBox (LON:EBOX) - FY portfolio value increased 52.9% to €1.281 billion. Dividend increased to €0.05 per share.

Paragon Banking Group (LON:PAGPA) - Underlying profit increased 61.8% to £194.2 million. FY dividend of 26.1 pence per share, up from 14.4 pence previously. Net interest margin of 239 basis points up from 224 basis points in 2020. Announced 2022 share repurchase programme of up to £50 million.

Shaftesbury (LON:SHB) - Announced it has signed over 60 new retail, hospitality and leisure brands in Carnaby, Seven Dials, Chinatown, Soho and Fitzrovia since 1 October 2020.

Liontrust Asset Management (LON:LIO) - To purchase Majedie Asset Management for a total consideration of up to £120 million. The Consideration will be satisfied by the issue of up to £97.0 million in new ordinary shares.

Monks Investment Trust (LON:MNKS) - Six months to October 31st produced a positive net asset value return of 6.5% compared to an increase of 8.9% for the FTSE World Index (in sterling), both in total return terms.

UK pre-market stocks update – GSK, BATS, AstraZeneca, SSE, Babcock
 

Related Articles

Nelson Peltz’s Trian builds stake in Unilever -FT
Nelson Peltz’s Trian builds stake in Unilever -FT By Reuters - Jan 23, 2022

(Reuters) -Trian Partners, Nelson Peltz’s activist hedge fund, has built a stake in Unilever (LON:ULVR), ratcheting up the pressure on the consumer goods maker, the Financial...

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.
Comments (1)
Tanveer Ali
Tanveer Ali Dec 07, 2021 11:07
Saved. See Saved Items.
This comment has already been saved in your Saved Items
i m new hear
 
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