Reports » UK
UK stock market morning note (February 18, 2014)
The FTSE 100 is called to open higher this morning following the gains in the previous session and a firmer Asian performance overnight. Today's economic diary is focused on the UK with the release of the latest inflation data and how close to the Bank of England's 2% target it will remain going forward. Commodity prices are generally lower and on the foreign exchanges, the pound is up again against both the dollar and the euro but within narrow trading ranges.
BHP Billiton Half Year Results to end December 2013 see underlying EBIT rise by nearly 15% to USD12.38bn with underlying attributable profit ahead 30.6% at USD7.76bn. The interim dividend of 59 cents was unchanged from last year's final dividend, consistent with recent practice. It added that with projected strong free cashflow, net debt of USD27.1bn is expected to approach USD25bn by the end of the 2014 financial year.
InterContinental Hotels Final Results see global comparable RevPAR growth of 3.8% with rate up 1.8% and occupancy ahead 1.3% pts. Underlying operating profits rose 8% to USD668m on underlying revenue ahead 4% at USD1.9bn. The total dividend is raised 9% to 70 cents a share. It noted that over the last 12 months it had entered into agreements to dispose of three InterContinental hotels with total gross proceeds of nearly USD830m. This includes the Mark Hopkins, San Francisco separately announced today. It added that looking into 2014, whilst economic conditions in some markets remain uncertain, forward booking data is encouraging and it is confident of delivering another year of growth.
Poundland Intention to Float. It has confirmed press reports of its intention to apply for the admission of its shares to the premium listing segment of the Official List. In connection with the IPO, which will comprise an offer of shares to institutional investors, it has separately announced the appointments of Darren Shapland, Trevor Bond, Tea Colaianni and Grant Hearn as Non-Executive Directors.
Stock Market Forum
- IntelGenx (IGX.V) Reports Second Quarter 2012 Results and Highlights Recent Developme
24 April 2014
- Theralase (TSXV: TLT) Developing Next Generation Medical Lasers
24 April 2014
- Indian Stock Market ,Nifty Future Technical Trading Tips
23 April 2014
- Get Free Intraday Mcx & Stock Tips Free Trial at Gaining.com
21 April 2014
- Sell MCX Gold Jun contract at Rs 28960
19 April 2014
- 100% secure stock tips
18 April 2014
- Daily Stock Market Technical Data
16 April 2014
- Skyharbour Resources Ltd. (TSX VENTURE:SYH) Western Athabasca Syndicate Provides Dril
15 April 2014
- Indian Stock Market News
10 April 2014
- Stock market trading calls today
10 April 2014