Global beer and spirits giant Diageo PLC (LSE:DGE) chalked up a surprising gain on the London Stock Exchange today, despite the Smirnoff, Johnnie Walker, Guinness and many other cornerstone booze brands owner delivering another cautious trading update.
“The global environment remains challenging for both our industry and Diageo,” said chief executive Debra Crew.
Halma PLC (LSE:HLMA)’s first-half trading update shows the safety products manufacturer is as “solid as ever” despite the negative impacts of currency headwinds, analysts stated.
The FTSE 100-listed group cautioned that negative effects of a strong pound sterling will “continue in the second half of the year”, but encouraging organic constant-currency revenue growth and adjusted EBIT guidance have kept City analysts in good spirits.
Swedish high-street fashion giant H&M’s third-quarter financial results received a frosty reception from City analysts today.
Company revenue fell slightly in the nine-month period- to 172.29 billion Swedish krona (£12.7 billion) from 173.39 krona in the same period last year.
Shares in Touchstar PLC (LSE:TST) were up as much as 10% in morning trading following news that the company could be put up for sale as part of a strategic review aimed at enhancing shareholder value.
The review will explore various options, including a potential sale of the business, its assets, or other related transactions.
Shares in IG Design Group PLC (LSE:IGR) dropped 20% following a profit warning issued ahead of the company’s annual meeting.
The company announced that while it expects adjusted profits for the year to show over 20% growth, this will still fall below market expectations by up to 10%.