Edison Sparks - Morning News

Through Sparks, we give you first-impression commentary on breaking news. Sign up to our daily email for an overview of the key stories in the market today.

25-07-2018 08:04:56 • 2 minute(s) read
Author Paul Hickman

Marston’s release trading statement after an extraordinary period of hot weather


The stand-out statistic was the growth of 61% in beer volumes, although this was boosted by the acquisition of Charles Wells in June 2017.

26-07-2018 07:02:25 • 2 minute(s) read
Author Sparks Team

GB Group (GBG); announces key contract wins, operations in line with expectations

Stock flat at 590.0p at 8:06

GBG announced that it has made a good start to the year and is expecting to deliver in line with expectations. The company secured several some key contracts during the quarter besides launching a new product. GBG also announced that it has a healthy acquisition pipeline in place for both this financial year and beyond.

26-07-2018 07:10:46 • 1 minute(s) read
Author Sparks Team

Findel (FDL); trades in line with expectation; revenue for the 16-week period up 8.5%

Stock up 2.40% to 299p at 8:12

FDL has reported its trading update for the 16-week period till 20 July 2018 ahead of AGM today. The total revenue increased by 8.5% with all businesses trades in line with board’s expectation.

26-07-2018 07:11:43 • 2 minute(s) read
Author Sparks Team

Smith & Nephew (SN); Q2/H1 2018 results: FY guidance reconfirmed

Stock up 4.31% to 1,378p at 8:25

SN’s revenue grew 4% YoY (underlying +2% YoY) in Q2 2018, with established markets returning to growth and emerging markets up 6%. In H1, the company reported revenue growth of 4% YoY (underlying +1% YoY), with operating profit margin down 240bps to 15.3% (primarily due to $58m costs of APEX programme).

26-07-2018 07:28:34 • 3 minute(s) read
Author Sparks Team

Law Debenture (LWDB); H1 2018 results: NAV total return of 4.7%, ahead of benchmark

Stock flat at 607.0p at 8:16

LWDB’s NAV total return was 4.7% for the six months ended 30 June 2018, ahead of the benchmark FTSE All Share Index’s total return of 1.7%.

26-07-2018 07:39:56 • 3 minute(s) read
Author Sparks Team

Kape Technologies (KAPE); trading update: adjusted EBITDA up 48% YoY

Stock up 4.56% to 131.75p at 8:01

KAPE has announced its trading update for the six months ending 30 June 2018. It also announced the sale of its non-core Media division to Ecom Online. The company’s adjusted EBITDA for the period grew 48% to $4.3m (H1 2017: $2.9m) and underlying adjusted EBITDA growth from core activities for the period was c.172%.

26-07-2018 07:41:30 • 3 minute(s) read
Author Sparks Team

discoverIE Group (DSCV); 1Q19 trading update: Positive trading momentum continues

Stock up 0.24% to 425.0p at 08:21

DSCV issued a trading update for the first quarter of the financial year ending 31 March 2019, covering the period from 1 April 2018 to 30 June 2018, with sales increasing by 12% CER (and 3% organically) against a strong prior year comparator.

26-07-2018 07:44:24 • 2 minute(s) read
Author Sparks Team

YouGov (YOU); FY18 trading update: expected to be ahead of prior expectations for the year

Stock up 2.8% to 495p at 08:20

YOU has announced its pre-close trading statement for the full year ending 31 July 2018. With these results, It achieved strong revenue and operating profit growth.

26-07-2018 07:46:18 • 3 minute(s) read
Author Sparks Team

OnTheMarket (OTMP); Listing agreements with over 10,000 agent branches

Stock up 1.34% to 166.71p at 8:00

OTMP announced listing agreements with UK estate and letting agents (as of 24 July) with over 10,000 offices; momentum continues to build in support of its property portal (OnTheMarket.com).

26-07-2018 08:03:14 • 2 minute(s) read
Author Paul Hickman

Diageo’s full-year results show earnings per share growth of 9.3% to 118.6p


Diageo has shown the strength of its brands and management with earnings per share growth of 9.3% to 118.6p. The business fundamentals are strong with organic net sales up 5.0% and organic volume up 2.5%, and an overall operating margin improvement of 78bps.

26-07-2018 11:05:37 • 2 minute(s) read
Author Paul Hickman

Findel’s AGM statement reports a strong start in the first 16 weeks of the year


Findel is seeing further progress under the management of Phil Maudsley who was appointed CEO in April 2017. It has made a strong start in the first 16 weeks of the year ending March 2019, with total revenue up c 8.5% and both its businesses trading in line with expectations.

27-07-2018 07:32:02 • 1 minute(s) read
Author Sparks Team

Custodian REIT (CREI); 16,770 sq ft property purchased for £1.67m


CREI has acquired a 16,770 sq ft car dealership on Battlefield Enterprise Park, Shrewsbury, at an agreed purchase price of £1.67m.

27-07-2018 07:46:34 • 3 minute(s) read
Author Sparks Team

Hutchison China MediTech (HCM); 1H18 results; reports net loss driven by higher investment in R&D

Stock up 1.20% to 5,040p at 8:01

HCM’s 1H18 results highlighted that group revenue declined to $102.2m (1H17 – $126.6m) and net loss attributable to HCM was $32.7m (1H17 – net profit $1.7m). Cash resources at the group level were lower at $416.9m (YE17 – $479.6m).

27-07-2018 07:48:19 • 2 minute(s) read
Author Sparks Team

Target Healthcare REIT (THRL); EPRA NAV at 105.7pps; declares fourth interim dividend of 1.6125pps

Stock down 0.54% to 111.89p at 8:12

THRL announced its quarterly NAV as of 30 June 2018. It also declared a dividend and provided an update on corporate activity. The EPRA NAV per share for the quarter was 105.7p (31 March 2018: 105.0p), resulting in a 2.30% NAV total return for the quarter.

27-07-2018 08:16:53 • 2 minute(s) read

Gear4music’s trading statement in line with expectations of 29% sales growth for the full year


Gear4music has showcased the strength of its brands and management with independent strong revenue growth in a challenged UK retail market.

30-07-2018 07:14:10 • 1 minute(s) read
Author Sparks Team

Custodian REIT (CREI); Purchases properties at Shrewsbury and Stafford


CREI purchased two properties at Shrewsbury and Stafford for a combined value of £7.375m, reflecting net initial yield of 6.38%, funded from existing debt resources (net gearing increased to 22.0% loan to value).

Showing 3025 - 3040 of 3057 pieces

Did you know ...

110+

people

80+

analysts

450+

press mentions last year

121K+

times Scale reports have been read