By Samuel Indyk
Investing.com – At 0735BST, FTSE 100 Futures are trading higher by 0.6% at 7,165.
In FX markets, GBP/USD is trading at 1.3682, EUR/GBP is trading at 0.8476. The US Dollar Index is down 0.1%.
Today’s calendar highlights include the Bank of England’s Credit Conditions survey, US weekly jobless claims, US PPI, the delayed EIA crude oil inventory data, and a speech from Bank of England’s Silvana Tenreyro.
Stocks
Domino’s Pizza Group (LON:DOM) - Quarterly system sales up 9.9% to £375.8 million. Total orders grew 9.5% in the period. Have seen some impact from the pressures on labour availability and food cost inflation, which are expected to extend into next year.
Dunelm (LON:DNLM) - Q1 total sales up 8.3% YoY to £388.8 million. Expects FY22 profit before tax will be in line with analysts' recently increased consensus expectations.
BP (LON:BP) – BP-backed energy company Pure Planet has ceased trading due to high wholesale energy prices.
Rank Group (LON:RNK) - Q1 group revenue up 69% to £163.1 million. Based on current trading performance and assuming venues can stay open management expects Group LFL NGR for the year ended 30 June 2022 to be in the range £700 million to £750 million and EBIT to be between £50 million and £75 million.
Hays (LON:HAYS) - Fees up 41% with sequential growth in all regions, particularly in Permanent. Proposes to resume core and special dividends, subject to shareholder approval, in November 2021.
Qinetiq (LON:QQ) - Half year performance is in line with market consensus expectations. Experiencing technical and supply chain issues on a large complex programme, which, if unmitigated, could result in the need for a one-off write down to short-term guidance. Maintaining medium to long-term guidance.
Victrex (LON:VCTX) - TechnipFMC acquires Victrex's equity interest in Magma Global Limited. Financial details were not disclosed.
National Express (LON:NEX) - Q3 revenue up to 83% of the same period in 2019 on a constant currency basis. Anticipate underlying profit before tax for 2021 to be in line with expectations. Continue to anticipate robust positive free cash flow in 2021.
Ashmore (LON:ASHM) - Assets under management fell by $3.1 billion in Q1, comprising net outflows of $1.0 billion and negative investment performance of $2.1 billion.
Grainger (LON:GRI) - Exchanged conditional contracts to forward fund and acquire a 401-home build-to-rent development scheme in Southall, West London, for £141 million. Have returned to 94% occupancy at the end of September. Expect to return to a stabilised occupancy of circa 95% shortly. Total like-for-like rental growth of 1.0%, across both regulated tenancy and PRS portfolios for the 12-month period to end of September.
Purplebricks (LON:PURP) - CFO Andy Botha to step down from role on 31st October 2021. Steve Long will be joining Purplebricks as Chief Financial Officer in Q1 2022.
Rathbone Brothers (LON:RAT) - Total funds under management and administration increased 11.3% to £60.9 billion during the first nine months of the year. Investment Management business recorded gross inflows of £1.1 billion in Q3. Rathbone Funds recorded £1.1 billion gross inflows.
DiscoverIE Group PLC (LON:DSCV) - Strong order growth reported in the second half of the last financial year and the first quarter of the current financial year has continued. H1 revenue remained well ahead of both the Covid-impacted prior year and the pre-Covid year.
Marshall Motor Holdings (LON:MMHM) - To acquire the entire issued share capital of Motorline Holdings Limited (including all of its subsidiaries) for a cash consideration of £64.5 million.
Big Yellow Group (LON:BYG) - Increased its loan facilities with Aviva (LON:AV) Investors by £100 million.
IPO
Rubix Group Holdings - Considering an IPO and intends to publish today a registration document. Rubix is considering applying for admission of its ordinary shares to the premium listing segment of the Official List of the FCA and to trading on the main market of the London Stock Exchange.