Barratt shows strong demand but concerns remain
Barratt developments show strong demand but concerns remain
0918 GMT – Barratt Developments’ 2022 financial year update shows that while there is still plenty of demand in the UK housing sector, significant concerns remain for homebuilders, says Julie Palmer, partner of Begbies Traynor. The homebuilder, like its peers, has issues ranging from supply chain issues to a tight labor market, and rampant inflation is not only driving up the cost of materials, but also severely weakening consumer confidence, according to the specialist in corporate restructuring. “But in a country that’s simply not building enough homes, these are likely transient issues, and the long-term future of Barratt and other homebuilders looks secure,” Palmer said in a note. The shares are down 1.1% at 460.1 pence. (firstname.lastname@example.org)
TTB Partners Limited does not plan to make a Playtech offer due to a difficult market
TTB Partners Limited said on Thursday it did not plan to make an offer for Playtech PLC due to difficult underlying market conditions.
Severn Trent says costs are rising as expected
Severn Trent PLC said on Thursday it had had a good start to the year, although operating costs were rising as expected.
Dr Martens says Q1 was in line with market views and advice
Dr. Martens PLC said on Thursday that it performed in line with forecasts and market expectations in the first quarter of fiscal 2023.
McBride says FY2022 operating profit was in line with expectations
McBride PLC said Thursday that its adjusted operating profit for the year ended June 30 was in line with current market consensus.
Ashmore Group Q4 assets under management fell amid challenging market conditions
Ashmore Group PLC said on Thursday fourth-quarter assets under management fell from the previous quarter due to a challenging market environment as asset values fell and investors reduced portfolio risk.
Completions of Barratt developments, sales prices increased in fiscal year 2022
Barratt Developments PLC said on Thursday sales prices and completions in fiscal 2022 had increased, reflecting strong customer demand for homes and site productivity.
Experian’s total first quarter revenue increased; Backs FY 2023 Views
Experian PLC said Thursday that revenue for the first quarter of fiscal 2023 increased at constant exchange rates thanks to the diversity of its portfolio and its growth initiatives.
Redrow launches £100m share buyback program
Redrow PLC announced on Thursday that it would buy up to 100 million pounds ($118.9 million) of its shares under a buyback program, to reduce its share capital and return excess capital to shareholders.
Trustpilot sees 2022 revenue in line with expectations
Trustpilot AS said on Thursday it continued to expect 2022 revenue growth in line with expectations.
EQTEC raises £3.8m via discounted share issue
EQTEC PLC said on Thursday it had raised 3.8 million pounds ($4.5 million) via the fundraising first announced on Wednesday evening.
IQE’s third-quarter revenue continued to recover from pre-pandemic levels
IQE PLC said on Thursday that revenue continued to strengthen in the last seven weeks of the third quarter of fiscal 2022, with revenue for the full quarter at 87% of 2019 pre-pandemic levels.
Team17 Reports Record H1 Revenue and Adjusted Ebitda Following Acquisitions
Team17 Group PLC said on Thursday it posted record revenue and adjusted earnings before interest, tax, depreciation and amortization for the first half of 2022 following recent strategic acquisitions, in line with board expectations. .
SSP Group Q3 revenue at 87% of the same period in 2019
SSP Group PLC said Thursday that revenue for the third quarter of fiscal 2022 was 87% of levels for the same period in 2019, and that it expects sales and Ebitda margins for the year are at the upper end of previous forecasts.
Galliford Try sees FY2022 pre-tax profit at the upper end of the market
Galliford Try Holdings PLC said on Thursday it expects to report pre-tax profit for the financial year 2022 at the upper levels of market consensus ranges and its outlook is positive.
FinnCap Group warns of lower FY2023 earnings due to weaker stock markets
FinnCap Group PLC said on Thursday it expects full-year 2023 performance to be significantly below 2022 levels, due to equity market weakness and volatility.
Kenmare Resources cuts production in 2022 after weak 2Q
Kenmare Resources PLC said on Thursday it now expects 2022 production to be at the bottom of the benchmark range for all products after a weak performance in the second quarter.
Portmeirion says 1H sales have increased; Sees a drop in consumer and retailer confidence in 2H
Portmeirion Group PLC said on Thursday that first-half sales increased, but it was cautious heading into the second half due to falling consumer and retailer confidence.
Xaar sees a 41% increase in its turnover in the 1st half thanks to solid exchanges
Xaar PLC said on Thursday first-half revenue would have risen 41% year-on-year on continued strong trading and the board expects it to be on track for an adjusted profit for the full year in line with its expectations.
Hays expects FY2022 operating TFP to be at the high end of guidance after record Q4 charges
Hays PLC said on Thursday it had a record fourth quarter performance in terms of net expenses and expected to post operating profit for the financial year 2022 at the top of its previous guidance.
Jarvis Securities shares fall after half-year drop in pretax profit and revenue
Shares of Jarvis Securities PLC fell on Thursday after the company said pre-tax revenues and profits fell for the first half of 2022 following a reduction in share trading volumes and the IPO market in stock exchange.
Shield Therapeutics declares that Health Canada has accepted Accrufer as a New Drug Submission
Shield Therapeutics PLC said Thursday that Health Canada has accepted a New Drug Submission for its patented oral iron product Accrufer, filed by its licensing partner KYE Pharmaceuticals Inc. earlier in 2022.
Experian wins after Upbeat 1Q; Faces economic risks
08:33 GMT – Shares of Experian are among the biggest risers in the FTSE 100, rising 1.2% after the credit-checking firm reported an increase in first-quarter earnings. Citigroup, which downgraded the stock to neutral in late March amid concerns over a slowing US housing market, points to organic growth of 8% and the company’s reiteration of its organic growth forecast of 7-9% and modest margin expansion. Organic growth in the company’s North American data and decision business was slightly disappointing, while consumption at 13% was strong and organic growth in Latin America at 18% was clearly positive, the analyst said. Citi Arthur Truslove in a note. Citi says it expects initial market reaction to be positive, but says Experian faces an increasingly challenging macro environment. (email@example.com)
SSP Group seen as attractive recovery play after impressive Q3
0828 GMT – SSP Group’s Q3 update was strong and its performance over the period was impressive, Goodbody analyst David Brohan said in a note. The food and beverage store operator has an underappreciated market share opportunity, a solid growth profile, a good ability to pass on inflationary pressures and benefits from a structural trend towards outsourcing of retail operations. concession to large-scale operators, Brohan said. “Valuation remains undemanding, and with net debt expected to be below pre-pandemic levels and given the group’s cash generation ahead of Covid-19, we believe this is an attractive recovery play. “, did he declare. The Irish brokerage is evaluating the purchase of shares. (firstname.lastname@example.org)
Team17 seen with the advantage over their rivals
0821 GMT – Team17 Group may be able to leverage its size to give it a competitive edge over rivals despite the tough consumer market, Shore Capital research analyst Katie Cousins says in a note. Newly expanded – after acquisitions – the video game company should be able to leverage its exposure across multiple genres and platforms and its diverse portfolio with several popular franchises. The brokerage sees a significant rise in the Team17 stock price at the current level. Shore Capital has a buy rating on the stock. The shares are trading up 1.3% at 395.00 pence. (email@example.com)
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(END) Dow Jones Newswire
July 14, 2022 05:50 ET (09:50 GMT)
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