Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksBTG Share News (BTG)

  • There is currently no data for BTG

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

LONDON MARKET PRE-OPEN: Unilever, Rentokil Begin 2019 Well

Thu, 18th Apr 2019 07:41

LONDON (Alliance News) - Stocks in London are set for a muted start Thursday ahead of the Easter weekend, as largecap firms Unilever and Rentokil reported positive performance so far in 2019. IG futures indicate the FTSE 100 index to open 8.5 points lower at 7,462.82. The bluechip index closed up just 1.40 points at 7,471.32 on Wednesday."On the last trading day of the week, investors will turn their attention to PMI data releases from Europe this morning, for further cues over the health of the eurozone economy," said London Capital Group's Jasper Lawler."It's going to be interesting because there is a feeling in the markets the global economy is just starting to stabilise. Traders will pay particular attention to Germany's manufacturing sector, which suffered a sharp contraction across recent months."The services PMI and flash PMI readings from Germany are at 0830 BST, and the PMI from the eurozone at 0900 BST, with UK retail sales numbers at 0930 BST.In the afternoon there are US retail sales at 1330 BST and the US services PMI at 1445 BST.The Japanese Nikkei 225 index ended 0.8% lower Thursday. In China, the Shanghai Composite is off 0.2%, while the Hang Seng index in Hong Kong is down 0.5%.In the US on Wednesday, Wall Street ended lower, with the Dow Jones Industrial Average closing marginally down, the S&P 500 down 0.2%, and the Nasdaq Composite down 0.1%.On the London Stock Exchange, consumer goods giant Unilever reported a 1.6% drop in revenue for the first quarter of 2019, though on an underlying basis, sales rose 3.1%. The fall mainly came after the sale of its Spreads business. The 3.1% underlying growth was driven by 1.2% volume growth and a 1.9% rise in prices.Underlying sales growth was particularly strong in emerging markets, Unilever said, at 5.0%, with developed markets registered 0.3% sales growth. Home Care underlying sales growth was 6.0%, Beauty & Personal Care 3.1%, and Foods & Refreshment 1.5%. Unilever will be paying a first-quarter dividend of EUR0.4104 per share, 6% higher year-on-year.It has reiterated underlying sales growth guidance for 2019 in the lower half of its usual 3% to 5% target, with its underlying operating margin still expected to improve.Pest control firm Rentokil said trading has begun well in 2019, with ongoing revenue at constant exchange rates rising 8.9%, and overall revenue rising 8.6%. Of the ongoing figure, organic growth was 4.0%.Ongoing revenue in the Pest Control unit rose 12%, and 5.0% organically, with good performance in both growth and emerging markets. Hygiene has also had a positive start to 2019, Rentokil said, with ongoing revenue up 7.2% and 4.3% organically. "We have had a good start to 2019 and I'm pleased with our performance in the first three months of this year. I am confident of another year of successful growth for the company, in line with market expectations," said Chief Executive Andy Ransom.In the FTSE 250, Moneysupermarket.com reported 19% growth in revenue for the first quarter of 2019 to GBP104.9 million, with growth 12% excluding its Decision Technologies acquisition. Within units, Insurance revenue rose 3%, Money by 9%, Home Services by 70%, and 'Other' by 80%. Home Services had an "exceptional" first quarter, Moneysupermarket.com said, and this is set to moderate in the rest of 2019. Overall, the firm is confident on 2019 expectations. Moneysupermarket.com also confirmed its previously announced GBP40 million distribution will be returned as a 7.46 pence per share final dividend. intu Properties has sold 50% of its shopping centre in Derby to Kuwait-backed Cale Street Investments for GBP186.3 million, with intu to continue managing the new joint venture. intu said the deal is part of its strategy of reducing its debt to assets ratio, and the cash will be used to pay off debt.Consumer goods firm PZ Cussons said profit for its year ending May 31 should be in line with guidance issued at the time of its interim results, without giving any further guidance.Funding Circle reported a 44% rise in first quarter loans under management, reaching GBP3.4 billion, with originations rising 23% to GBP644 million. Funding Circle said revenue growth was 40% year-on-year."The first quarter was a period where Funding Circle reinforced its leadership position across each of its markets, reaching a new high of loans under management of GBP3.4 billion," said Chief Executive Samir Desai."We continue to implement our strategy of diversifying funding sources with a new commitment from the European Investment Bank, as well as launching two new institutional investor products."Healthcare firm BTG said product sales for the 12 months to March have come in at the upper end of expectations, with oncology and vascular sales growth within guidance of 15% to 17%. Pharmaceuticals has achieved double-digit growth, ahead of guidance, with DigiFab registering "unusually" high sales. Cybersecurity firm Avast reported a 6.7% rise in adjusted revenue for the first quarter, excluding currency movements, to USD211.8 million, with adjusted earnings before interest, taxes, depreciation, and amortisation up 5.4% to USD117.5 million. Avast has started 2019 well, it said, with a strong first quarter performance, and it has reaffirmed annual guidance for high single-digit adjusted revenue growth and a broadly flat Ebitda margin. AVEVA reported low double-digit revenue growth for its year ended March 31, with positive performance reported in the first nine months continuing into the last quarter.Full year operating margins have improved, despite the extra costs due to growing revenue as well as investment, and AVEVA expects further progress in its new financial year.

More News
15 Dec 2015 13:58

BTG rallies as RBC hails long-term growth prospects

(ShareCast News) - RBC Capital Markets initiated coverage of specialist pharmaceutical company BTG at 'outperform' with a price target of 820p, saying it should be a long-term holding. It said the shares have underperformed materially over the past year and, while medium-term market expectations are

Read more
15 Dec 2015 09:46

BROKER RATINGS SUMMARY: Berenberg Upgrades Meggitt To Buy From Hold

Read more
14 Dec 2015 09:33

BROKER RATINGS SUMMARY: Goldman Sachs Upgrades Fresnillo To Buy

Read more
14 Dec 2015 08:38

LONDON MARKET OPEN: BG And Shell Rise On Chinese Regulator Approval

Read more
14 Dec 2015 08:14

BTG wins US approval for BC Bead Lumi

(ShareCast News) - Specialist pharmaceutical firm BTG said it had won US regulatory approval for its LC Bead Lumi radiation treatment. The company added that a trial of its PneumRx endobronchial coil implant for severe emphysema had produced positive results with all primary and secondary endpoints

Read more
14 Dec 2015 07:45

BTG Gets Positive PneumRx Study Results, LC Bead LUMI Clearance

Read more
11 Dec 2015 18:10

BTG Says WellStat Therapeutics' Vistogard Approved In US

Read more
13 Nov 2015 09:49

BROKER RATINGS SUMMARY: Davy Expects Lloyds To Outperform

Read more
11 Nov 2015 09:32

BROKER RATINGS SUMMARY: JPMorgan And S&P Capital IQ Positive On ITV

Read more
10 Nov 2015 10:28

WINNERS & LOSERS SUMMARY: Experian And Vodafone Lead Blue-Chip Risers

Read more
10 Nov 2015 08:03

BTG's interim profit soars thanks to solid growth across the board

(ShareCast News) - Healthcare group BTG has posted an increase in interim pre-tax profit, boosted by solid growth across all of its divisions. In the six months to 30 September, the FTSE 250 group posted a 40.6% year-on-year increase in pre-tax profit to £52.9m, while revenue rose 20% to £229.6m. T

Read more
10 Nov 2015 07:51

BTG First Half Profit Rises As All Segments Experience Revenue Rise

Read more
3 Nov 2015 16:35

Earnings, Trading Statements Calendar - Week Ahead

Read more
28 Oct 2015 13:50

FTSE 250 movers: Just Retirement boosted by CMA merger clearance

(ShareCast News) - After an initial stumble, the FTSE 250 fought its way back into positive territory over the day, By 1420 GMT, the UK mid-cap index was up 0.28% at just over 17,000 points, but not rising as fast as its blue chip sister index 0.85% gain. Pharmaceutical group BTG was given a shot i

Read more
7 Oct 2015 13:46

FTSE 250 movers: Miners and energy stocks rally; Wizz Air crashes

(ShareCast News) - London's FTSE 250 index was down 0.2% at 17,101.89 just after 1400 BST, underperforming the broader market. Miners were firmly on the front foot as metals prices advanced and the sector got a boost from an upbeat note by Morgan Stanley. The bank upgraded its stance on the European

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.