UK market update – Deliveroo begins Boots trial, Wood Group sees lower revenue

imageStock Markets9 hours ago (Aug 24, 2021 08:32)

© Reuters.

By Samuel Indyk – At 08:30BST, the FTSE 100 is trading higher by 0.2% at 7,124. The midcap FTSE 250 is trading higher by 0.5% at 23,848.

In FX markets, GBP/USD is trading at 1.3725, EUR/GBP is trading at 0.8552. The US Dollar Index is +0.04%.

Today’s calendar highlights include interest rate decisions from Poland and Hungary. On the data front, focus will be on US New Home Sales and the Richmond Fed Manufacturing Index.

Deliveroo (LON:ROO) – Pharmacy chain Boots is to make some products available through Deliveroo as part of a trial scheme launching today.

Wood Group  (LON:WG) – H1 revenue down 22.9% to $3.15 billion. Operating profit up 3.0% to $68 million. Order book up around 18% compared to December to $7.687 billion. Full year outlook unchanged. Sees annual revenue of $6.6-6.8 billion, below last year’s $7.56 billion.

PureTech Health (LON:PRTC) – Continued advancement of PureTech’s Wholly Owned Programs, with two Phase 2 and four Phase 1 clinical trials underway. Key preclinical data published in peer-reviewed journals for two of PureTech’s four lymphatic and inflammation platforms. Consolidated cash and cash equivalents at 30th June were $439.8 million.

Spectris (LON:SXS) – Agreed to sell NDC Technologies unit to Nordson for $180 million. Proceeds used to strengthen balance sheet and then be deployed in accordance with capital allocation policy.

Essensys (LON:ESYS) – Continued growth in recurring revenues, up to 87%. Group revenue increased 2% to £22.9 million. Performance was in line with expectations.

Hunting (LON:HTG) – Invests $5.0 million in Cumberland Additive Holdings to access the additive manufacturing sector.

UK market update – Deliveroo begins Boots trial, Wood Group sees lower revenue

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