Hill & Smith Share News (HILS)

IN BRIEF: Hill & Smith says operating profit to beat market consensus

Hill & Smith PLC - Solihull, West Midlands-based infrastructure products and services - Revenue in the four months that ended October 31 is up 15% at constant currency rates and up 7% organically at constant currency, thanks especially to a strong US business. Hill & Smith says operating profit margin also has improved. As a result, expects 2023 operating profit to be "slightly ahead of the top end" of the range of current market expectations, which Hill & Smith places at GBP116.0 million to GBP118.6 million. This would be up by as much as 22% from underlying operating profit of GBP97.1 million in 2022. Statutory operating profit in 2022 was GBP78.5 million. Hill & Smith expects to start 2024 with "positive momentum". It has continued to generate cash and has reduced debt.

Hill & Smith FY profit to be 'slightly ahead' of market views

(Sharecast News) - Hill & Smith said on Tuesday that 2023 operating profit was set to be "slightly ahead" of the top end of current analyst consensus, as it hailed a "good" trading performance.

UK earnings, trading statements calendar - next 7 days

LONDON BROKER RATINGS: Goldman Sachs says 'sell' Asos and boohoo

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

Director dealings: Hill & Smith chair, SSP CEO make confident purchases

(Sharecast News) - Hill & Smith was on the list of director buys on Thursday after Alan Giddins, the executive chair, acquired 9,000 shares.

UK construction tough but buying opportunities exist, says Berenberg

(Sharecast News) - Broker Berenberg expects the UK construction market to flatline in 2024 before returning to growth, and highlighted a number of key buying opportunities for investors.

IN BRIEF: Hill & Smith Chair Alan Giddins buys GBP150,000 in shares

Hill & Smith PLC - Solihull, West Midlands-based supplier of products for infrastructure construction - Executive Chair Alan Giddins buys 9,000 shares at GBP16.70 and GBP16.86, worth GBP150,780, on Wednesday. Giddens now has 80,225 shares.

LONDON BROKER RATINGS: Bank of America upgrades Quilter to 'neutral'

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

LONDON BRIEFING: Entain sets aside GBP585 million for UK probe

(Alliance News) - London's FTSE 100 is called to open higher on Thursday, with all eyes on the afternoon's US inflation reading, the next risk event for global markets.

UK's FTSE 100 rises as energy and mining stocks rally on China stimulus hopes

Coca-Cola HBC gains after raising annual sales forecast

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FTSE 250 movers: IWG extends gains, TP ICAP impresses

(Sharecast News) - Workspace provider IWG was extending gains made on Tuesday after it reported a strong performance across key financial metrics in its first-half results. The company posted a record group revenue total of £1.68bn, up 14% in constant currency year-on-year.

LONDON MARKET MIDDAY: FTSE 100 perks up despite troubling China data

(Alliance News) - Stock prices in London were higher at midday on Wednesday, shaking off more disappointing China data, while focus turns to Thursday's US inflation reading and what that could mean for future Federal Reserve decisions.

Hill & Smith delivers record first-half trading performance

(Sharecast News) - Hill & Smith announced a record trading performance in its first half on Wednesday, leading to a hike in full-year expectations.

Hill & Smith ups dividend as interim profit jumps; eyes higher profit

(Alliance News) - Hill & Smith PLC on Wednesday said it expects to outperform market consensus on underlying operating profit in 2023 amid an expected boost from the US, as it posted interim profit growth.

UK earnings, trading statements calendar - next 7 days