By Samuel Indyk
Investing.com – At 07:38BST, FTSE 100 Futures are trading lower by 0.6% at 6,991.
UK consumer prices rose 3.2% on an annual basis in August, above the expected 2.9%. This was the highest rate since March 2012 and the 1.2 percentage point increase was the largest since detailed records began in 1997. The ONS said some of the gain was driven by falls last August due to the Eat Out to Help Out scheme so the rise will “likely be temporary”.
Restaurant Group (LON:RTN) – H1 total sales of £216.8 million (2020: £227.2 million). Statutory loss before tax down to £58.8 million (2020: loss of £234.7 million). Trading performance since reopening supports an increase in FY21 EBITDA expectations
Tullow Oil (LON:TLW) – H1 working interest production averaged 61,230 boepd, in line with expectations. H1 revenue of $727 million; gross profit of $321 million; profit after tax of $93 million. Narrowing production guidance for 2021 to the upper end of the range.
Redrow (LON:RDW) – FY revenue up 45% to £1.94 billion, profit before tax up 124% to £314 million. Has seen encouraging trading since the start of the new financial year. Board is proposing a final dividend of 18.5p making a total of 24.5p for the year, in line with the company’s policy of three times dividend cover.
Trustpilot (LON:TRST) – H1 revenue increased 31% to £62 million. Bookings growth increased 28% at constant currency. On the back of stronger H1 performance, now expect to achieve a rate of constant currency revenue growth for the full year consistent with H1 FY21.
De La Rue (LON:DLAR) – Announces major upgrade to facilities in Malta, increasing existing 14,000 square metre factory to become a 29,000 square metre site.
Darktrace (LON:DARK) – FY revenue up 41.3% to $281.34 million. Net loss increased to £149.59 million. 45.3% increase in number of customers, year-on-year. Increasing expectations for FY 2022 with early sales performance towards the upper end of expectations. Now expects year-on-year revenue growth of between 35% and 37%.
Bridgepoint (LON:BPTB) – H1 revenue up 55%, underlying EBITDA up 178% compared to prior year period. Total AUM at 30 June 2021 was €28.5 billion (€18.5 billion at 30 June 2020). Confident in the growth prospects for the business and ability to continue to source attractive opportunities.
Hornby (LON:HRN) – In the period from 1st April to the 31st August 2021, sales and margins have been slightly lower than the previous year but in line with internal budgets.
Fevertree (LON:FEVR) – H1 revenue increased 36% to £141.8 million. Gross profit up 28% to £62.5 million. Recommending interim dividend of 5.52 pence per share. Reiterating guidance from July of FY21 revenue £295 – £304m and EBITDA c.20%.
Compass Group (LON:CPG) – Upgraded to hold from buy at HSBC.
Rightmove (LON:RMV) – Resumed with a buy rating at Liberum Capital.
UK market update – CPI rises by most on record, Deliveroo signs Amazon deal
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