‘Misselling’ firms will be seeing increased demand following Britain’s largest wealth manager St James’s Place Plc’s dire annual earnings call this Wednesday.
FTSE 100-listed SJP reported a £9.9 million loss after tax, compared to a £407.2 million profit a year earlier after setting aside £426 million for expected compensation.
Primary Health Properties PLC (LSE:PHP, OTC:PHPRF) continues to deliver steady earnings growth, reckons broker Stifel.
Last year represented the 28th consecutive year that the property group has increased its dividend, which remains covered by recurring earnings.
Analysts are divided over fast-moving consumer goods big cap Haleon PLC (LSE:HLN, NYSE:HLN)’s prospects prior to the FTSE 100-listed firm’s annual results next month.
According to Jefferies, Haleon is well-positioned to exceed both its organic sales and operating profit growth forecasts, placing it at the higher end of its full-year guidance.
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) shares tumbled 6.5% on Wednesday despite its guidance and earnings beating market expectations, leaving analyst’s opinions in direct conflict with the market mood.
Analysts believe the drop was due to the lack of share buyback announcements in the takeaway company's full-year results.
AFC Energy PLC (AIM:AFC, OTC:AFGYF)'s share price rose 4% following its announcement of an advancement of its ammonia cracker reactor technology.
The company said it has achieved a significant reduction in electrical power consumption for hydrogen production, now requiring only 9.5 kWh per kilogram of hydrogen, marking a 33% decrease from its previous design in 2023.
Shares in the Nurofen maker Reckitt Benckiser Group PLC (LSE:RKT, ETR:3RB) fell 11% with the market spooked by its fourth-quarter sales miss and a £55 million revenue hit related to compliance issues at two of its Middle East operations.
At 11.05 am, the stock was off 654p at 5,184p after the company revealed the trading drag was the result of lower-than-expected demand for cold and flu remedies and voluntary recall of its Nutramigen infant formula.