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LONDON BRIEFING: Barclays Starts UK Bank Reporting With Halved Profit

Wed, 29th Jul 2020 08:19

(Alliance News) - Lender Barclays kicked off the UK bank reporting season on Wednesday with the report of a more than halving in interim profit after it took a GBP3.7 billion credit impairment charge.

Total income for the first half of 2020 was up 8% to GBP11.62 billion, with operating expenses down 4% to GBP6.59 billion. However, pretax profit still dropped 58% to GBP1.27 billion.

Credit impairment charges increased to GBP3.7 billion from GBP900 million a year ago, including GBP1.6 billion in the second quarter, largely due to "revised IFRS 9 scenarios" driven by Covid-19.

The scenarios reflect "forecast deterioration in macroeconomic variables (including a prolonged period of heightened UK and US unemployment), partially offset by the estimated impact of central bank, government and other support measures".

Barclays UK income decreased 11% due to ongoing margin pressure, while Barclays International income increased 16%, with Corporate & Investment Bank income up 31% and Consumer, Cards & Payments income down 21%. Within CIB, Markets income increased due to a strong performance across FICC and Equities.

"Our CET1 ratio stands at 14.2% which underscores the strength of our balance sheet. Although we will remain well capitalised and ahead of our minimum requirements, we may experience stronger capital headwinds in the second half of the year. The board will decide on future dividends and capital returns at the year-end 2020," said Chief Executive Jes Staley.

Looking to the remainder of 2020, Barclays said its impairment in the second half will remain "above the level experienced in recent years", but below the first half credit impairment charge.

Barclays shares were down 1.1% early Wednesday.

Lloyds Banking and Standard Chartered report on Thursday, followed by NatWest - formerly RBS - on Friday and HSBC on Monday.

Here is what you need to know at the London market open:

----------

MARKETS

----------

FTSE 100: up 2.95 points at 6,132.21

----------

Hang Seng: up 0.4% at 24,862.90

Nikkei 225: closed down 1.2% at 22,397.11

DJIA: closed down 205.49 points, 0.8%, at 26,379.28

S&P 500: closed down 0.7% at 3,218.44

----------

GBP: flat at USD1.2933 (USD1.2930)

EUR: firm at USD1.1750 (USD1.1731)

Gold: firm at USD1,957.65 per ounce (USD1,953.15)

Oil (Brent): firm at USD43.38 a barrel (USD43.09)

(changes since previous London equities close)

----------

ECONOMICS AND GENERAL

----------

Wednesday's Key Economic Events still to come

UK Financial Policy Committee meeting.

0930 BST UK money and credit

0700 EDT US MBA weekly mortgage applications survey

0830 EDT US advance international trade in goods

1030 EDT US EIA weekly petroleum status report

1400 EDT US Federal Reserve interest rate decision

----------

Searches for homes with gardens have doubled in the UK since last year as prospective house buyers place more importance on outdoor space following lockdown, property experts have said. Homes with south-facing gardens were most in demand – selling more quickly in almost all regions of England, Scotland and Wales, a survey by property website Rightmove found. The study revealed that homes advertised with south-facing outdoor areas sold two days faster and were priced at nearly GBP23,000 more than those without. Property experts at Rightmove said data showed that searches on the website for homes with a garden had increased by more than 100% in June compared to June 2019 – with total buyer searches up 56% for the same period.

----------

BROKER RATING CHANGES

----------

BERENBERG RAISES CARNIVAL PLC TO 'HOLD' (SELL) - PRICE TARGET 800 PENCE

----------

LIBERUM REINITIATES RYANAIR WITH 'BUY' - PRICE TARGET 12.50 EUR

----------

COMPANIES - FTSE 100

----------

Sanofi and GlaxoSmithKline have reached an agreement, subject to final contract, with the UK government for the supply of up to 60 million doses of a Covid-19 vaccine. The vaccine candidate - developed by Paris-based pharmaceutical firm Sanofi in partnership with Brentford, England-based drugmaker GSK - is based on the recombinant protein-based technology used by Sanofi to produce an influenza vaccine, and GSK's pandemic adjuvant technology. Roger Connor, president of GSK Vaccines, said: "We believe that this adjuvanted vaccine candidate has the potential to play a significant role in overcoming the Covid-19 pandemic, both in the UK and around the world." Sanofi said it is leading the clinical development and registration of the Covid-19 vaccine and expects a phase 1/2 study to start in September, followed by a phase 3 study by the end of 2020. If the data are positive, regulatory approval could be achieved by the first half of 2021.

----------

Retailer Next said second quarter sales, while down on a year ago, were better than expected. Next reported a fall in full price sales for the second quarter, but said even this outcome was "much better" than expected. Full price sales tumbled 28% in the quarter, an improvement on the best case scenario given in its April trading statement. Online warehouse picking and despatch capacity is now back at normal levels and UK and Eire stores are now open, it said. Online sales in the second quarter were up 9% and like-for-like sales in Retail stores, since they re-opened, were down 32%. Next now estimates pretax profit to come in at GBP195 million for the full-year. "The duration of social distancing rules, post-lockdown consumer behaviour, earnings, unemployment, and, most importantly, whether there will be a second wave lockdown, all remain unknowable. Nonetheless, our experience over the last 13 weeks has given us much greater clarity on our Online capabilities during lockdown and the state of consumer demand, and we are now more optimistic about the outlook for the full year than we were at the height of the pandemic," said Next.

----------

Medical devices firm Smith & Nephew swung to an interim loss but said its performance improved as the second quarter progressed. Half year revenue was down 18% to USD2.04 billion - falling 30% to USD901 million in the second quarter - with the company swinging to an interim pretax loss of USD34 million from a profit of USD383 million a year ago. The trading profit margin, at 8.5%, was down significantly on 21.4% a year ago, as previously guided. The firm said performance improved across the second quarter as elective surgeries restarted, with underlying revenue declines of 47% in April, 27% in May, and 12% in June. Even though Smith & Nephew posted a loss for the half, it still declared an interim dividend of 14.4 cents per share, flat on a year ago.

----------

Housebuilder Taylor Wimpey also turned to a half-year loss amid Covid-19 disruption. Revenue for the first half of 2020 fell 56% to GBP754.6 million, with the firm swinging to an interim pretax loss of GBP39.8 million from a GBP299.8 million profit a year ago. The first half net private sales rate of 0.70 homes per outlet per week was down on 1.00 a year ago. The sales rate was 0.97 prior to the UK's Covid-19 shutdown, when it then reduced to 0.30. In the nine weeks since sales centres reopened in England, the sales rate has increased to 0.70. Taylor Wimpey said it expects to recommence dividend payments in 2021, with a 2020 final payout. It will "review the special dividend in 2021 for payment in 2022".

----------

COMPANIES - FTSE 250

----------

Aston Martin Lagonda Global Holdings reported a 64% fall in interim revenue, with its pretax loss deepening to GBP227.4 million from GBP80.0 million a year ago. "Obviously, it has been a challenging period with our dealers and factories closed due to Covid-19, in addition to aligning our sales with inventory with the associated impact on financial performance as we reposition for future success. However, I have been most impressed that through this most challenging of times we have been able to reduce our dealers' sports car inventory by 869 units," said Chair Lawrence Stroll. Trading remains challenging in many markets, the luxury car maker said, and the pace of emergence from lockdown and consumer recovery "varies significantly". This will impact the duration of the dealer de-stocking process for sports cars, currently expected to continue well into 2021.

----------

Thread maker Coats Group has poached its new chief financial officer from sausage casings maker Devro. Coates said Devro CFO Jackie Callaway will replace Simon Boddie when he retires in March 2021. Devro said it has started the process to find a replacement. Devro also reported flat half-year results, while saying it will pay last year's postponed final dividend in October.

----------

Wizz Air said shareholders at Tuesday's annual general meeting rejected the directors' remuneration report by 51.6% to 48.4%. Wizz said it will consult shareholders over the vote and publish an update within six months. The budget airline also said it swung to a EUR107.4 million loss in the first quarter of its financial year from a profit of EUR75.5 million a year before, amid Covid-19 flight groundings.

----------

COMPANIES - GLOBAL

----------

Deutsche Bank swung to profit in the first half of 2020, thanks to continued progress on cost reduction. The Frankfurt, Germany-based bank reported a swing to a pretax profit of EUR158 million in the three months to the end of June from a EUR946 million loss a year earlier. As a result the lender reported a profit of EUR364 million for the first half of 2020, compared to a EUR654 million loss a year prior. In 2019, Deutsche Bank took a EUR1.04 billion impairment to goodwill, which was not repeated in 2020. In addition, general & administrative expenses were reduced to EUR2.60 billion from EUR3.09 billion year-on-year. Net revenue, meanwhile, grew by 1% in the second quarter of 2020 to EUR6.29 billion. For the half-year, net revenue also increased by 1%to EUR12.64 billion. "In a challenging environment we grew revenue and continued to reduce costs, and we're fully on track to meet all our targets.This enabled us to more than offset higher provision for credit losses and remain profitable while supporting clients through difficult conditions," said Chief Executive Christian Sewing.

----------

Wednesday's Shareholder Meetings

Caspian Sunrise

Baron Oil

WANdisco

British Land Co

Water Intelligence

Walker Greenbank

Rose Petroleum

Urban Exposure

Aminex

Equals Group

Ferguson - GM re approval of additional listing in US

Caledonia Investments

Hibernia REIT

----------

By Tom Waite; thomaslwaite@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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UK dividends calendar - next 7 days

Friday 25 November 
abrdn Property Income Trust Ltddividend payment date
Alternative Income REIT PLCdividend payment date
Axiom European Financial Debt Fund Ltddividend payment date
ContourGlobal PLCdividend payment date
CQS Natural Resources Growth & Income PLCdividend payment date
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FW Thorpe PLCdividend payment date
Games Workshop Group PLCdividend payment date
Greencoat UK Wind PLCdividend payment date
Henderson Far East Income Ltddividend payment date
Impact Healthcare REIT PLCdividend payment date
Lookers PLCdividend payment date
M&G Credit Income Investment Trust PLCdividend payment date
Manchester & London Investment Trust PLCdividend payment date
MJ Gleeson PLCdividend payment date
Mulberry Group PLCdividend payment date
Next Fifteen Communications Group PLCdividend payment date
Octopus Renewables Infrastructure Trust PLCdividend payment date
Primary Health Properties PLCdividend payment date
Ricardo PLCdividend payment date
S&U PLCdividend payment date
SME Credit Realisation Fund Ltddividend payment date
Starwood European Real Estate Finance Ltddividend payment date
Target Healthcare REIT PLCdividend payment date
Taylor Maritime Investments Ltddividend payment date
Tesco PLCdividend payment date
Monday 28 November 
AEW UK REIT PLCdividend payment date
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
European Opportunities Trust PLCdividend payment date
Headlam Group PLCdividend payment date
ITV PLCdividend payment date
Wilmington PLCdividend payment date
Tuesday 29 November 
JPMorgan Global Core Real Assets Ltddividend payment date
Pacific Horizon Investment Trust PLCdividend payment date
Wednesday 30 November 
BAE Systems PLCdividend payment date
Bankers Investment Trust PLCdividend payment date
City of London Investment Trust PLCdividend payment date
Custodian REIT PLCdividend payment date
Diverse Income Trust PLCdividend payment date
Ecofin Global Utilities & Infrastructure Trust PLCdividend payment date
Henderson International Income Trust PLCdividend payment date
New Star Investment Trust PLCdividend payment date
Picton Property Income Ltddividend payment date
PRS REIT PLCdividend payment date
PZ Cussons PLCdividend payment date
Schroder Oriental Income Fund Ltddividend payment date
UK Commercial Property REIT Ltddividend payment date
Thursday 1 December 
3i Group PLCex-dividend payment date
abrdn Japan Investment Trust PLCex-dividend payment date
Alliance Trust PLCex-dividend payment date
AVI Global Trust PLCex-dividend payment date
Bellway PLCex-dividend payment date
Burford Capital Ltddividend payment date
Caledonia Investments PLCex-dividend payment date
CMC Markets PLCex-dividend payment date
CML Microsystems PLCex-dividend payment date
Devro PLCex-dividend payment date
DFS Furniture PLCex-dividend payment date
Downing Renewables & Infrastructure Trust PLCex-dividend payment date
Fidelity Special Values PLCex-dividend payment date
Helical PLCex-dividend payment date
Henderson Diversified Income Trust PLCex-dividend payment date
Hill & Smith PLCex-dividend payment date
JPMorgan China Growth & Income PLCdividend payment date
JPMorgan Claverhouse Investment Trust PLCdividend payment date
LondonMetric Property PLCex-dividend payment date
LXI REIT PLCex-dividend payment date
Marshalls PLCdividend payment date
Montanaro European Smaller Companies Trust PLCex-dividend payment date
Next PLCex-dividend payment date
Ninety One PLCex-dividend payment date
Oxford Instruments PLCex-dividend payment date
PayPoint PLCex-dividend payment date
Personal Assets Trust PLCex-dividend payment date
Pets at Home Group PLCex-dividend payment date
Pollen Street PLCex-dividend payment date
Premier Miton Global Renewables Trust PLCex-dividend payment date
Real Estate Credit Investments Ltdex-dividend payment date
RM Infrastructure Income PLCex-dividend payment date
Scottish Oriental Smaller Companies Trust PLCex-dividend payment date
Severn Trent PLCex-dividend payment date
Tatton Asset Management PLCex-dividend payment date
Telecom Plus PLCex-dividend payment date
Triple Point Social Housing REIT PLCex-dividend payment date
Utilico Emerging Markets Trust PLCex-dividend payment date
Warehouse REIT PLCex-dividend payment date
Wincanton PLCex-dividend payment date
YouGov PLCex-dividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved. 

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18 Nov 2022 15:51

UK earnings, trading statements calendar - next 7 days

Monday 21 November 
Big Yellow Group PLCHalf Year Results
Compass Group PLCFull Year Results
Dialight PLCTrading Statement
Diploma PLCFull Year Results
Equipmake Holdings PLCFull Year Results
Genedrive PLCFull Year Results
Molten Ventures PLCHalf Year Results
MTI Wireless Edge LtdQ3 Results
NextEnergy Solar Fund LtdHalf Year Results
Polar Capital Holdings PLCHalf Year Results
Sirius Real Estate LtdHalf Year Results
SysGroup PLCHalf Year Results
Virgin Money UK PLCFull Year Results
Tuesday 22 November 
Accsys Technologies PLCHalf Year Results
AO World PLCHalf Year Results
Appreciate Group PLCHalf Year Results
Assura PLCHalf Year Results
Avon Protection PLCFull Year Results
Babcock International Group PLCHalf Year Results
Caledonia Investments PLCHalf Year Results
Calnex Solutions PLCHalf Year Results
CentralNic Group PLCQ3 Results
CML Microsystems PLCHalf Year Results
Cranswick PLCHalf Year Results
CRH PLCTrading Statement
Euromoney Institutional Investor PLCFull Year Results
Helical PLCHalf Year Results
Homeserve PLCHalf Year Results
Intercede Group PLCHalf Year Results
Knights Group Holdings PLCTrading Statement
Petershill Partners PLCTrading Statement
Princess Private Equity Holding LtdQ3 Results
Restore PLCTrading Statement
Severfield PLCHalf Year Results
Severn Trent PLCHalf Year Results
Softcat PLCTrading Statement
Tatton Asset Management PLCHalf Year Results
Telecom Plus PLCHalf Year Results
Trifast PLCHalf Year Results
Wednesday 23 November 
AB Dynamics PLCFull Year Results
Alpha Financial Markets Consulting PLCHalf Year Results
Britvic PLCQ3 Results
Coats Group PLCTrading Statement
De La Rue PLCHalf Year Results
discoverIE Group PLCHalf Year Results
DP Eurasia NVTrading Statement
Halfords Group PLCHalf Year Results
HICL Infrastructure PLCHalf Year Results
Johnson Matthey PLCHalf Year Results
LondonMetric Property PLCHalf Year Results
Marlowe PLCHalf Year Results
Pets At Home Group PLCHalf Year Results
Rotork PLCTrading Statement
Ten Lifestyle Group PLCFull Year Results
United Utilities Group PLCHalf Year Results
Thursday 24 November 
Augmentum Fintech PLCHalf Year Results
Donegal Investment Group PLCFull Year Results
Dr Martens PLCHalf Year Results
Hill & Smith Holdings PLCTrading Statement
Intertek Group PLCTrading Statement
Jet2 PLCHalf Year Results
Kingfisher PLCQ3 Results
LXi REIT PLCHalf Year Results
Motorpoint Group PLCHalf Year Results
Mountview Estates PLCHalf Year Results
NewRiver REIT PLCHalf Year Results
Omega Diagnostics Group PLCHalf Year Results
Palace Capital PLCHalf Year Results
PayPoint PLCHalf Year Results
Polar Capital Holdings PLCHalf Year Results
Safestore Holdings PLCTrading Statement
Videndum PLCTrading Statement
XPS Pensions Group PLCHalf Year Results
Friday 25 November 
Breedon Group PLCTrading Statement
Caffyns PLCHalf Year Results
Devro PLCTrading Statement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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5 Aug 2022 10:20

Carr's says trading in line with expectations; chair moves to CEO

(Alliance News) - Carr's Group PLC on Friday said its overall trading performance for the full financial year is in line with expectations, as it made changes at the top of the company.

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2 Aug 2022 11:46

IN BRIEF: Devro profit falls but confident of meeting expectations

Devro PLC - Glasgow-based collagen food products manufacturer - Pretax profit in six months to June 30 falls to GBP15.9 million from GBP18.4 million the year prior. Revenue improves to GBP129.8 million from GBP119.9 million. Declares interim dividend of 2.9 pence, up from 2.8p.

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26 Jul 2022 15:56

UK earnings, trading statements calendar - next 7 days

Wednesday 27 July 
Aptitude Software Group PLCHalf Year Results
BlackRock Energy & Resources Income Trust PLCHalf Year Results
Breedon Group PLCHalf Year Results
British American Tobacco PLCHalf Year Results
FirstGroup PLCTrading Statement
Fresnillo PLCQ2 Production Results
GSK PLCHalf Year Results
Hargreaves Services PLCFull Year Results
Hiscox LtdTrading Statement
Ibstock PLCHalf Year Results
International Personal Finance PLCHalf Year Results
Lancashire Holdings LtdHalf Year Results
Lloyds Banking Group PLCHalf Year Results
Marston's PLCTrading Statement
Motorpoint Group PLCTrading Statement
musicMagpie PLCHalf Year Results
Nichols PLCHalf Year Results
Primary Health Properties PLCHalf Year Results
Quartix Technologies PLCHalf Year Results
Reckitt Benckiser Group PLCHalf Year Results
Rio Tinto PLCHalf Year Results
Smart Metering Systems PLCHalf Year Results
Smurfit Kappa Group PLCHalf Year Results
Ted Baker PLCTrading Statement
Unite Group PLCHalf Year Results
Wizz Air Holdings PLCQ1 Results
Yourgene Health PLCFull Year Results
Thursday 28 July 
Airtel Africa PLCTrading Statement
Anglo American PLCHalf Year Results
Aveva Group PLCTrading Statement
BAE Systems PLCHalf Year Results
Barclays PLCHalf Year Results
Bodycote PLCHalf Year Results
BT Group PLCQ1 Results
Centrica PLCHalf Year Results
CVS Group PLCTrading Statement
De La Rue PLCTrading Statement
Diageo PLCFull Year Results
discoverIE Group PLCTrading Statement
Dr Martens PLCTrading Statement
Elementis PLCHalf Year Results
FDM Group PLCHalf Year Results
Forterra PLCHalf Year Results
Foxtons Group PLCHalf Year Results
GB Group PLCTrading Statement
Greencoat UK Wind PLCHalf Year Results
Hammerson PLCHalf Year Results
Headlam Group PLCTrading Statement
Inchcape PLCHalf Year Results
Indivior PLCHalf Year Results
Informa PLCHalf Year Results
ITV PLCHalf Year Results
Jupiter Fund Management PLCHalf Year Results
Logistics Development Group PLCTrading Statement
Metro Bank PLCHalf Year Results
Mitchells & Butlers PLCTrading Statement
Mortgage Advice Bureau (Holdings) PLCTrading Statement
Mothercare PLCFull Year Results
MySale Group PLC Trading Statement
National Express Group PLCHalf Year Results
Quixant PLCTrading Statement
Rathbones Group PLCHalf Year Results
Relx PLCHalf Year Results
Rentokil Initial PLCHalf Year Results
Restore PLCHalf Year Results
Robert Walters PLCHalf Year Results
Schroders PLCHalf Year Results
Segro PLCHalf Year Results
Shell PLCHalf Year Results
Smith & Nephew PLCHalf Year Results
St James's Place PLCHalf Year Results
Vesuvius PLCHalf Year Results
Volex PLCHalf Year Results
Weir Group PLCHalf Year Results
Friday 29 July 
Allianz Technology Trust PLCHalf Year Results
Aston Martin Lagonda Global Holdings PLCHalf Year Results
AstraZeneca PLCHalf Year Results
Babcock International Group PLCFull Year Results
CMC Markets PLCTrading Statement
Croda International PLCHalf Year Results
Glencore PLCTrading Statement
IMI PLCHalf Year Results
Impellam Group PLCHalf Year Results
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International Consolidated Airlines Group SAHalf Year Results
Intertek Group PLCHalf Year Results
Law Debenture Corp PLCHalf Year Results
Morgan Advanced Materials PLCHalf Year Results
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Premier Miton Global Renewables Trust PLCHalf Year Results
Rightmove PLCHalf Year Results
Shearwater Group PLCFull Year Results
Standard Chartered PLCHalf Year Results
Walker Crips Group PLCFull Year Results
YouGov PLCTrading Statement
Monday 1 August 
Ascential PLCHalf Year Results
Cranswick PLCQ1 Results
Dialight PLCHalf Year Results
GlobalData PLCHalf Year Results
HSBC Holdings PLCHalf Year Results
Hutchmed (China) LtdHalf Year Results
NAHL Group PLCTrading Statement
Pearson PLCHalf Year Results
Senior PLCHalf Year Results
Spectris PLCHalf Year Results
XP Power PLCHalf Year Results
Tuesday 2 August 
BP PLCHalf Year Results
Capital & Counties Properties PLCHalf Year Results
Coats Group PLCHalf Year Results
Devro PLCHalf Year Results
Direct Line Insurance Group PLCHalf Year Results
Domino's Pizza Group PLCHalf Year Results
Fresnillo PLCHalf Year Results
Greggs PLCHalf Year Results
Keller Group PLCHalf Year Results
Man Group PLCHalf Year Results
Rotork PLCHalf Year Results
Sage Group PLCQ3 Results
Staffline Group PLCHalf Year Results
Synthomer PLCHalf Year Results
Travis Perkins PLCHalf Year Results
Virgin Money UK PLCQ3 Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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15 Jul 2022 15:51

UK dividends calendar - next 7 days

Monday 18 July 
no events scheduled 
Tuesday 19 July 
Dr Martens PLCdividend payment date
Wednesday 20 July 
no events scheduled 
Thursday 21 July  
Avast PLCex-dividend payment date
Bellevue Healthcare Trust PLCex-dividend payment date
BlackRock Income & Growth Investment Trust PLCex-dividend payment date
Brunner Investment Trust PLCdividend payment date
Castings PLCex-dividend payment date
Custodian REIT PLCex-dividend payment date
DCC PLCdividend payment date
Investec PLCex-dividend payment date
JPMorgan China Growth & Income PLCex-dividend payment date
Learning Technologies GroupPLCdividend payment date
Montanaro UK Smaller Cos Investment Trust PLCex-dividend payment date
North American Income Trust PLCex-dividend payment date
Pennon Group PLCex-dividend payment date
Porvair PLCex-dividend payment date
Twentyfour Income Fund Ltdex-dividend payment date
Vivo Energy PLCspecial ex-dividend date
Volex PLCex-dividend payment date
VPC Specialty Lending Investments PLCdividend payment date
Friday 22 July  
abrdn Japan Investment Trust PLCdividend payment date
abrdn Smaller Cos Income Trust PLCdividend payment date
Airtel Africa PLCdividend payment date
Devro PLCdividend payment date
Experian PLCdividend payment date
ICG Enterprise Trust PLCdividend payment date
Impax Asset Management Group PLCdividend payment date
Land Securities Group PLCdividend payment date
Medica Group PLCdividend payment date
Personal Assets Trust PLCdividend payment date
Personal Assets Trust PLCspecial dividend date
RS Group PLCdividend payment date
RWS Holdings PLCdividend payment date
Serica Energy PLCdividend payment date
Troy Income & Growth Trust PLCdividend payment date
Urban Logistics REIT PLCdividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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6 Jun 2022 15:58

UK dividends calendar - next 7 days

Tuesday 7 June  
Carr's Group PLCdividend payment date
Hibernia REIT PLCdividend payment date
Highcroft Investments PLCdividend payment date
Hochschild Mining PLCdividend payment date
International Public Partnerships Ltddividend payment date
Relx PLCdividend payment date
Secure Income REIT PLCdividend payment date
Serco Group PLCdividend payment date
Wednesday 8 June  
Greggs PLCdividend payment date
Wickes Group PLCdividend payment date
Thursday 9 June 
AJ Bell PLCex-dividend date
Alliance Pharma PLCex-dividend date
Anglo-Eastern Plantations PLCex-dividend date
Associated British Foods plcex-dividend date
Assura PLCex-dividend date
Aurora Investment Trust PLCex-dividend date
BMO Real Estate Investments Ltdex-dividend date
Capital & Counties Properties Plcex-dividend date
Capital Gearing Trust PLCex-dividend date
Compass Group PLCex-dividend date
Computacenter PLCex-dividend date
Devro PLCex-dividend date
Dr Martens PLCex-dividend date
Ferrexpo PLCex-dividend date
Hollywood Bowl Group PLCex-dividend date
IntegraFin Holdings PLCex-dividend date
J Sainsbury PLCex-dividend date
Johnson Matthey PLCex-dividend date
LondonMetric Property PLCex-dividend date
Marshalls PLCex-dividend date
Reckitt Benckiser Group PLCdividend payment date
Renew Holdings PLCex-dividend date
Shaftesbury PLCex-dividend date
Smiths News PLCex-dividend date
Topps Tiles PLCex-dividend date
Triple Point Social Housing REIT PLCex-dividend date
Watkin Jones PLCex-dividend date
Worldwide Healthcare Trust PLCex-dividend date
WPP PLCex-dividend date
Young & Co.'s Brewery PLCex-dividend date
Friday 10 June 
Centamin PLCdividend payment date
ContourGlobal PLCdividend payment date
Diploma PLCdividend payment date
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
Focusrite PLCdividend payment date
Home REIT PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 13 June 
Hiscox Ltddividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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28 Apr 2022 13:03

IN BRIEF: Devro delivers revenue growth despite inflation headwinds

Devro PLC - Glasgow-based collagen food products manufacturer - Reports single-digit annual revenue growth in the first quarter ended March 31 on a constant-currency basis. Says the North America and continental Europe regions produced the strongest volume growth in the quarter. Continues to implement price increases and practice tight cost management due to inflationary headwinds. Notes that a GBP3.1 million hedging gain from the first half of 2021 will not repeated, resulting in a "material" foreign exchange headwind and annual profit being more second-half weighted this year. Expects to make good progress in 2022. Says net debt as as at March 31 has risen to GBP100 million but expects this to reduce with strong cash generation.

Read more
21 Apr 2022 16:11

UK shareholder meetings calendar - next 7 days

Friday 22 April 
Bellevue Healthcare Trust PLCAGM
Faron Pharmaceuticals LtdAGM
Murray International Trust PLCAGM
Monday 25 April 
Belluscura PLCAGM
Capital Gearing Trust PLCGM re: non pre-emptive share issue
Cloudbreak Discovery PLCGM re Crescita equity drawdown agreement
Hikma Pharmaceuticals PLCAGM
JPMorgan US Smaller Cos Investment Trust PLCAGM
Polymetal International PLCAGM
Symphony International Holdings LtdAGM
Tuesday 26 April 
Aquis Exchange PLCAGM
Elementis PLCAGM
GlobalData PLCAGM
Oriole Resources PLCAGM
RPS Group PLCAGM
SigmaRoc PLCAGM
Taylor Wimpey PLCAGM
Tissue Regenix Group PLCAGM
Wednesday 27 April 
Drax Group PLCAGM
EP Global Opportunities Trust PLCAGM
Global Invacom Group LtdAGM
Hutchmed (China) LtdAGM
London Stock Exchange Group PLCAGM
McKay Securities PLCGM re Workspace offer
Nichols PLCAGM
Persimmon PLCAGM
Primary Health Properties PLCAGM
VH Global Sustainable Energy Opportunities PLCAGM
Thursday 28 April 
Admiral Group PLCAGM
Aptitude Software Group PLCAGM
AQRU PLCAGM
Arden Parnters PLCAGM
Breedon Group PLCAGM
British American Tobacco PLCAGM
CLS Holdings PLCAGM
CRH PLCAGM
Dalata Hotel Group PLCAGM
Devro PLCAGM
Flutter Entertainment PLCAGM
Glencore PLCAGM
Glenveagh Properties PLCAGM
Grafton Group PLCAGM
Greencoat UK Wind PLCAGM
Hammerson PLCAGM
Helios Towers PLCAGM
HICL Infrastructure PLCAGM
Honye Financial Services LtdAGM
Internatinal Personal Finance PLCAGM
Investec PLCAGM
ITV PLCAGM
Kerry Gold PLCAGM
Kerry Group PLCAGM
Marshalls PLCAGM
Natwest Group PLCAGM
Premier Miton Global Renewables Trust PLCAGM
Robert Walters PLCAGM
Schroders PLCAGM
Serco Group PLCAGM
Synthomer PLCAGM
Weir Group PLCAGM
Yamana Gold IncAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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2 Mar 2022 14:37

IN BRIEF: Devro hikes dividend for first time since 2018 amid growth

Devro PLC - Chryston, England-based collagen food products manufacturer - Revenue rises 1.9% in 2021 to GBP252.4 million from GBP247.6 million in 2020. Revenue is up 5.5% on a constant currency basis. Profit before tax increases 28% to GBP37.6 million from GBP29.4 million. Underlying operating profit is up 2.9% to GBP42.0 million from GBP40.8 million in 2020. Profit is helped by increased sales volumes, positive pricing and sales mix, and savings on supply chain costs, which offset inflationary costs.

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23 Feb 2022 15:57

UK earnings, trading statements calendar - next 7 days

Thursday 24 February 
Anglo American PLCFull Year Results
ASA International Group PLCFull Year Results
BAE Systems PLCFull Year Results
Centrica PLCFull Year Results
Conduit Holdings LtdFull Year Results
Derwent London PLCFull Year Results
Drax Group PLCFull Year Results
Genus PLCHalf Year Results
Go-Ahead Group PLCFull Year Results
Hays PLCHalf Year Results
Hikma Pharmaceuticals PLCFull Year Results
Howden Joinery Group PLCFull Year Results
Inchcape PLCFull Year Results
Lloyds Banking Group PLCFull Year Results
Macfarlane Group PLCFull Year Results
Morgan Sindall Group PLCFull Year Results
Rathbone Group PLCFull Year Results
Ricardo PLCHalf Year Results
Rolls-Royce Holdings PLCFull Year Results
Serco Group PLCFull Year Results
Spectris PLCFull Year Results
St James's Place PLCFull Year Results
Tremor International LtdFull Year Results
WPP PLCFull Year Results
Friday 25 February 
Evraz PLCFull Year Results
IMI PLCFull Year Results
International Consolidated Airlines Group SAFull Year Results
Jupiter Fund Management PLCFull Year Results
Pearson PLCFull Year Results
Rightmove PLCFull Year Results
Monday 28 February 
Associated British Foods PLCTrading Statement
BATM Advanced Communications LtdFull Year Results
Bunzl PLCFull Year Results
CentralNic Group PLCFull Year Results
GlobalData PLCFull Year Results
Greencoat Renewables PLCFull Year Results
Grit Real Estate Income Group LtdHalf Year Results
Kitwave Group PLCFull Year Results
Kosmos Energy LtdQ4 Results
Made Tech Group PLCHalf Year Results
RHI Magnesita NVFull Year Results
Tuesday 1 March 
abrdn PLCFull Year Results
Croda International PLCFull Year Results
Flutter Entertainment PLCFull Year Results
Hotel Chocolat Group PLCHalf Year Results
Intertek Group PLCFull Year Results
Man Group PLCFull Year Results
PCI-PAL PLCHalf Year Results
Quartix Technologies PLCFull Year Results
Reach PLCFull Year Results
Revolution Bars Group PLCHalf Year Results
Rotork PLCFull Year Results
Travis Perkins PLCFull Year Results
Uniphar PLCFull Year Results
Vitec Group PLCFull Year Results
XP Power LtdFull Year Results
Wednesday 2 March 
Polymetal International PLCFull Year Results
Just Eat Takeaway.com NVFull Year Results
Vistry Group PLCFull Year Results
Nichols PLCFull Year Results
Hotel Chocolat Group PLCHalf Year Results
Devro PLCFull Year Results
KRM22 PLCFull Year Results
Supermarket Income REIT PLCHalf Year Results
Foxtons Group PLCFull Year Results
Persimmon PLCFull Year Results
Hiscox PLCFull Year Results
musicMagpie PLCFull Year Results
Vivo Energy PLCFull Year Results
Aviva PLCFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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19 Jan 2022 12:23

LONDON MARKET MIDDAY: Stocks rise despite UK inflation at 30-year high

LONDON MARKET MIDDAY: Stocks rise despite UK inflation at 30-year high

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