Reports » UK
UK stock market morning note (February 25, 2014)
The FTSE 100 is called to open lower this morning despite the gains in the previous session on general M&A optimism and overnight on Wall Street following a mixed performance in Asia as investors look to adopt an initial cautious stance. Today's economic diary will see the release of the CBI distributive trades survey which will be followed this afternoon in the US with the CB consumer confidence numbers. Commodity prices are generally lower and on the foreign exchanges, the dollar is weaker against the major currencies although all are trading within narrow ranges.
GKN Annual Results see PBT up 17% to GBP578m on sales ahead 10% at GBP7.59bn reflecting organic growth in Automotive, the contribution from GKN Aerospace Engine Systems and a weaker performance from Land Systems. The dividend is raised 10% to 7.90p a share. It added that 2014 is expected to show another year of progress and whilst an adverse currency could provide a significant translational headwind, it noted that this should be outweighed by the benefits of its diverse exposure to global markets, strong customer positions and healthy order books.
Persimmon Final Results see underlying PBT up 49% at GBP330m on revenue ahead 21% at GBP2.1bn. The operating margin rose to 16% with forward sales strongly ahead at over GBP1.4bn, an increase of 41%. It is accelerating its capital return plan with 70p per share to be paid on 4 July 2014, being a part acceleration of the final planned payment of 115p in 2021. The planned 95p per share payment for 2015 is reinstated in full with payments of at least 10p per share to be made in both 2016 and 2018, part accelerated from the final planned payment for 2021. It added that the early weeks of the spring selling season have been encouraging, with the weekly private sales rate per site up 22% on last year for the first 8 weeks, and anticipates a further year of encouraging sales growth.
St James's Place Annual Results see profit before shareholder tax up 42% to GBP190.7m with the net inflow of funds under management ahead 28% at GBP4.3bn. Funds under management rose 27% to GBP44.3bn and it is in advanced talks to acquire an international adviser business in Asia. The full year dividend is raised 50% to 15.96p and anticipates a rise of between 30%-40% in the latter for 2014. It added that the growth seen in 2013 maintains the momentum in the business and bodes well for future growth.
Stock Market Forum
- Indian Stock Market ,Nifty Future Technical Trading Tips
23 April 2014
- Theralase (TSXV: TLT) Developing Next Generation Medical Lasers
22 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
- IntelGenx (IGX.V) Reports Second Quarter 2012 Results and Highlights Recent Developme
16 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