Company
LON:SPX
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67 stories · page 3 of 4
Christmas might be Royal Mail’s busiest time of the year but a shock profit warning from its new chief executive Rico Back in October wiped out 20% of the postal firm’s market value, making the group a shoo-in for another demotion
Morgan Stanley made the cuts largely because it has derated the capital goods sector since the pair's last earnings updates
In a note to clients, the Canadian bank’s analysts concluded: “We do not expect a major downturn, but even if there is one the recent sector sell-off has priced in a recession for many names in our coverage group”
Spirax-Sarco shares have increased in value by more than 15% over the last year
The FTSE 250-listed group said favourable currency tailwinds became a headwind in the first half of 2018, leading to a 5% hit from currency movements
Investments and investor services
Sterling's fall was good news for the Footsie's many big dollar earners
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Away from the banks, the financial sector will still be at the forefront of the market's mind as Prudential and Paddy Power Betfair prepare to release interim results
The FTSE 250-listed firm said organic sales growth in the first four months of the year has been very similar to the first four months of 2017 for both the Steam Specialities and Watson-Marlow Businesses
Investments and investor services
Around 3.20pm, the UK blue-chip index was up 17 points to 7,728
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As well as easyJet, updates are expected from big names such as Vodafone, Land Securities and Hargreaves Lansdown.
The FTSE 250-listed firm said its adjusted operating profit grew to £235.5mln in 2017
Investments and investor services
Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
Investments and investor services
Investors will be looking to Cineworld for news of asset integration, whereas for Savills results the attention will be on its battle for market share.
The FTSE 250-listed firm - which makes steam traps and pumps – reported a 30% leap in adjusted pre-tax profit to £99.2mln for the six months to June 30, up from £76.2mln a year earlier, as its revenue rose by 25% to £428.6mln
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Given the recent terror attacks, demand for G4S’s security services is likely to have remained strong in the opening six months
The FTSE 250-listed group said the acquisition of Pittsburgh-based Chromalox - which has five manufacturing facilities across North America, France and China - will add to its earnings in the current year
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William Hill reports a trading update for the 17 weeks to 25 April under new chief executive Philip Bowcock
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Week ahead: BT and Talk Talk: ITV, Barratt Developments, Centrica, William HIll and more ...
The broker's analysts have revised their estimates across the sector, taking them to 6% above consensus, and have raised price targets for all the stocks they cover
If current exchange rates prevail, revenues would be 6% higher due to translation
