Market Pulse
Renault maintains guidance after third quarter growth
Renault Group reported a 1. 8% rise in third-quarter revenue on Thursday, to €10. 7bn, surpassing analyst forecasts, driven by strong demand for new models like the Symbioz and Dacia Duster hybrid SUV.
IPF trading towards full-year guidance as Poland challenges stabilise
International Personal Finance reported a strong third-quarter financial performance on Thursday, supporting its full-year profit before tax (PBT) guidance issued at its interim results.
Essentra FY adjusted operating profits seen in line with market expectations
Essential components manufacturer Essentra said on Thursday that FY24 adjusted operating profits would be in line with market expectations.
Foxtons posts third consecutive quarter of revenue growth
Foxtons Group reported its third consecutive quarter of revenue growth on Thursday, with third-quarter revenue up 8% to £47. 4m, compared to £43. 9m in the same period of 2023.
Bunzl Q3 group revenues grow, reiterates FY guidance
Distribution and outsourcing firm Bunzl said on Thursday that group revenue had grown in Q3, leading it to reiterate its FY guidance.
Assura offloads 12 assets for £25m
Assura announced the disposal of 12 assets for £25m on Thursday, in line with book value, to contribute to a partial repayment of its revolving credit facility.
Eurowag reports strong year-to-date performance
WAG Payment Solutions, trading as Eurowag, reported a strong financial performance for the first nine months of the year on Thursday, with total net revenue growing 17. 4% to €215. 7m.
Inchcape continues to expect 'moderated growth' in FY24
Automotive distributor Inchcape said on Thursday that it continues to expect "moderated growth" in FY24 but warned that its results would be impacted by translational foreign exchange headwinds during H2, including the devaluation of the Ethiopian Birr.
Indivior confident after strong third quarter
Addiction treatment specialist Indivior reported a strong third-quarter performance on Thursday, with total net revenue increasing 13% to $307m compared to the same period last year, after it recently updated its full-year guidance.
Abrdn sees persistent outflows in investments and adviser divisions
Abrdn shares were sliding on Thursday morning, after it said in an update that it continued to experience outflows in its investments and adviser divisions in the third quarter, despite efforts to address the challenges.
LSEG reports 'particularly strong' third quarter
London Stock Exchange Group reported a robust third quarter on Thursday, with total income excluding recoveries rising 9. 5% on a constant currency basis and 8. 7% organically.
Bloomsbury Publishing upgrades FY expectations after strong first half
Bloomsbury Publishing surged on Thursday as it upgraded its full-year expectations following record first-half profit and revenue.
Mitie Group acquires Argus Fire for £38m
Outsourcing and energy services firm Mitie Group has acquired British engineering-led fire systems business Argus Fire for a total consideration of £38. 0m, funded from existing resources.
GSK RSV vaccine shows potential to help protect broader group of adults
Drugmaker GSK said on Thursday that new data for its respiratory syncytial virus vaccine showed potential to help protect a broader group of adults at increased risk for RSV disease.
Hikma engages shareholders over buyback waiver
Hikma Pharmaceuticals updated the market over the significant opposition to a resolution at its annual general meeting on Thursday.
London open: Stocks gain as Unilever, Barclays results impress
London stocks rose in early trade on Thursday, helped along by well-received results from the likes of Unilever and Barclays, and a strong showing from Tesla after hours.
Travis Perkins revises guidance after weak third quarter
Travis Perkins revised its operating profit guidance on Thursday, after reporting a 5. 7% decline in third-quarter group revenue thanks to weakness in its merchanting segment.
Dunelm third-quarter sales rise 3.5%
Homeware retailer Dunelm reported a rise in third-quarter sales on Thursday, driven by volume.
Unilever Q3 underlying sales growth beats expectations
Consumer goods giant Unilever reported a jump in third-quarter underlying sales on Thursday, underpinned by its power brands.
London pre-open: Stocks seen up amid flurry of corporate news
London stocks were set to rise at the open on Thursday following losses in the previous session, as investors waded through a deluge of earnings from the likes of Barclays and Unilever.