Greggs PLC (LSE:GRG), the bakery retailer, will be looking to ignite some much-needed life into its share price when it reports full-year results on Tuesday 5 March.
Shares have remained relatively subdued since the group’s fourth-quarter update in January, having lifted around 3% in the two months since.
News of Adriatic Metals PLC (LSE:ADT1, ASX:ADT, OTCQX:ADMLF)'s first concentrate production at Vares might have been anticipated by frequent updates, but it remains an important and encouraging milestone nonetheless, said broker Stifel.
“The successful delivery of Vares, combined with the establishment of a solid organisational framework and detailed operational protocols, should facilitate Adriatic's transition into a producer, enable the potential of the district to be fully realised, and support the company's future growth aspirations,” Stifel added.
Direct Line’s apparent rejection of the 233p per share offer from Belgian group Ageas is a surprise, suggest analysts at Deutsche Bank, though they suspect a better offer is currently being drawn up.
At the price, the bid was a 43% premium to the previous night’s close and implied a value of £3.1 billion.
Drax Group (LSE:DRX)'s share price surged 6% in early trading following the announcement of a 66% jump in annual profit to £1.21 billion
The UK's largest renewable electricity generator also raised its dividend by 10% to 13.9 pence per share, underpinned by strong performance in renewable power generation.