By Samuel Indyk
JD Sports (LON:JD) – UK Competition & Markets Authority provisionally finds JD Sports’ acquisition of Footasylum gives rise to competition concerns. May require JD Sports to sell Footasylum to address concerns.
Melrose Industries (LON:MRON) – Says trading is ahead of expectations, with better profit margins, better EPS, and significantly lower net debt. Declares interim dividend of 0.75 pence per share (2020: nil).
Barratt Developments (LON:BDEV) – FY home completions up 36.8% to 17,243. Revenue increased 40.7% to £4.812 billion. Declares final ordinary dividend of 21.9 pence per share (2020: nil). Net private reservations per active outlet per average week at 0.83 from 1 July through to 22 August, 11.7% below the equivalent initial post lockdown period in FY21.
CMC Markets (LON:CMCX) – Overall market activity subdued through July and August following moderation in activity reported in Q1. Year-to-date client income retention tracking moderately below the targeted 80% although is expected to recover through the remaining seven months. Group now expects FY 2022 net operating income of £250-280 million.
Energean (LON:ENOG) – H1 average working interest production was 44,000 boed (72% gas), ahead of FY guidance. Company says is on track to deliver first gas from Karish in mid-2022. Reiterates production guidance. Future dividend to be declared in due course.
The Gym Group – H1 revenue down 21.4% to £29.3 million. Total members at 30th June of 730,000, up from 547,000 at the end of February 2021.
Wizz Air (LON:WIZZ) – In August, Wizz Air carried 3.582 million passengers (up 50% on 2020) at a load factor of 84%.
Ryanair (LON:RYA) – In August, Ryanair carried 11.1 million passengers (up 59% on 2020) at a load factor of 82%.
Domino’s Pizza (LON:DOM) – Has completed disposal of Domino’s Switzerland.
UK market update – Morrisons & Meggitt to join FTSE 100, Melrose returns to profit
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