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

UK pre-market stocks update – Omicron, BT, AstraZeneca, AJ Bell, Hammerson, Amigo

Stock Markets Nov 29, 2021 07:35
Saved. See Saved Items.
This article has already been saved in your Saved Items
© Reuters

By Samuel Indyk – At 07:30GMT, FTSE 100 futures are trading higher by 1.7% at 7,139.

In FX markets, GBP/USD is trading at 1.3326, EUR/GBP is trading at 0.8454. The US Dollar Index is up 0.2%.

Today’s calendar highlights include UK Mortgage Approvals, Eurozone Consumer Confidence, German CPI, Canadian IPPI, US Pending Home Sales, Fed Chair Powell Speaks


The World Health Organization designated B.1.1.529 a Variant of Concern and named it Omicron. WHO said primary evidence suggests Omicron carries a greater risk of infection.

UK announced temporary measures, including mandatory face covering in shops and on public transport. All international arrivals must now take a 2-day PCR test and self-isolate until they receive a negative result. The UK has recorded three cases of the new variant.


BT (LON:BT) - India’s Reliance Industries is reportedly considering a bid for BT. Reliance may also propose to partner with BT’s fibre optic arm Openreach and fund its expansion plans. (Economic Times)

AstraZeneca (LON:AZN) - Said they are conducting research in Botswana and Eswatini to obtain real world data about how the vaccine performs against the Omicron variant.

AJ Bell (LON:AJBA) - To launch new commission-free mobile app called Dodl by AJ Bell, aimed at competing with low cost investment platforms and be straightforward and accessible for retail traders. The app will be commission free but have an annual charge of 0.15%.

Hammerson (LON:HMSO) - Confirms it is in discussions on terms of a possible disposal of Silverburn, its flagship destination near Glasgow. The site is currently held in a 50/50 joint venture with CPPIB. The Company confirms the pricing under discussion is £140 million.

A.G.Barr (LON:BAG) - Positive momentum reported in September has continued and sales have grown ahead of expectations. As a result of continued strong volume performance and despite ongoing near term operating cost pressures, now anticipate both revenue and profit before tax for the full year to be ahead of current market expectations. Assuming no significant changes to current market conditions, expect revenue to be in the order of £264 million and profit before tax to be around £41 million.

Marshall Motor Holdings (LON:MMHM) - Constellation Automotive Holdings has made an offer for Marshall Motor Holdings of 400 pence per share in cash or approximately £322.9 million. Constellation has received an undertaking to accept the offer from 64.4% shareholder Marshall of Cambridge.

Molten Ventures (LON:GROW) - 27% Gross Portfolio fair value growth in the six-month period to 30 September 2021. NAV per share increased to 887 pence from 743 pence. Anticipate fair value growth in the region of 35% for the full year to 31 March 2022, subject to wider market conditions.

IP Group (LON:IPO) - Following the completion of a funding round by a portfolio company in its top twenty most valuable holdings, it has recorded a net unrealised fair value gain of approximately £27.4 million or 3p per share.

McColl's (LON:MCLSM) - Terms have been agreed with Morrisons to extend the number of Morrisons Daily conversions from 350 to 450 stores. Separately, agreement has been reached to defer a financial covenant test due on 28 November 2021 to 31 December 2021, and thereafter it is expected to roll on a monthly basis.

Amigo Holdings (LON:AMGO) - Board continues to pursue a new Scheme to address the complaints liability and provide a solution for customers with a valid complaint. A revised offer, which incorporates two Scheme options, was submitted to the Independent Customer Committee on 12 November. The Board's view is that a Scheme that is contingent on a continuing business will provide creditors with more value and a more certain outcome. Neither of the proposed Schemes is expected to satisfy the liability owed to redress creditors with valid claims in full, but the contribution to the new Scheme will be significantly increased. Without an approved Scheme, Amigo expects to have to file for administration or other insolvency process.

UK pre-market stocks update – Omicron, BT, AstraZeneca, AJ Bell, Hammerson, Amigo

Related Articles

Analyzing Carrier Global's Short Interest
Analyzing Carrier Global's Short Interest By Benzinga - Aug 12, 2022

Carrier Global's (NYSE:CARR) short percent of float has fallen 7.48% since its last report. The company recently reported that it has 8.34 million shares sold short, which is 0.99%...

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.
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
Continue with Google
Sign up with Email