By Samuel Indyk
Investing.com – At 07:32BST, FTSE 100 Futures are trading higher by 0.3% at 7,208.
Rio Tinto (LON:RIO) – Cuts 2021 iron ore shipments forecast on tighter labour market. Now expects 2021 Pilbara iron ore shipments between 320mt-325mt, down from 325mt-340mt. Also cuts refined copper production guidance to 190kt-210kt from 210kt-250kt. Q3 Pilbara iron ore output 83.3mt, down from 86.4mt previously.
Hargreaves Lansdown (LON:HRGV) – Assets under administration of £138.0 billion as at 30 September 2021, up 2% since 30 June 2021. Net new business of £1.3 billion in the period. Added net new clients of 23,000. Normalisation of revenues post pandemic is in line with company expectations.
Pearson (LON:PSON) – Group underlying revenue up 10% for the 9-month period to 30th September 2021. Strong performance in Assessment & Qualifications helps offset declining enrolments in Higher Education. Pearson says it remains on track to deliver adjusted operating profit for FY21 in line with market expectations.
Hochschild Mining (LON:HOCM) – Exercised its option to start earning in to a 60% interest in the Snip gold project located in the Golden Triangle and in Tahltan Territory, British Columbia, Canada, and held by Skeena Resources.
Jupiter Fund Management (LON:JUP) – Assets under management increased £0.4 billion in three months to 30th September to £60.7 billion. Positive market movements of £1.0bn were partially offset by £0.6bn of net outflows.
Land Securities (LON:LAND) – As at 12 October 2021 – collection day 10 – 85% of the net rent due on 29 September had been paid, compared with 81% for the June quarter to date.
Compass Group (LON:CPG) – Announced a commitment to reach Net Zero greenhouse gas emissions across its global operations and value chain by 2050.
Mercantile Investment Trust (LON:MRCM) – In the six months to 31st July 2021 the Company produced a total return on net assets of +25.3%. Expect revenue for the financial year ending 31st January 2022 to be significantly higher than 2021. Declared second quarterly interim dividend of 1.35 pence per share.
Mediclinic International (LON:MDCM) – H1 group revenue up 12%; ahead of pre-pandemic levels across all three divisions. Material recovery in Group EBITDA margin to around 15.5% from 12.1%.
Loungers (LON:LGRS) – Over the 20 weeks to 3 October 2021, the Group delivered like for like sales growth of 26.6%, using the period 20 May to 6 October 2019 as the comparator.
National Grid (LON:NG) – 1000MW IFA interconnector will now come back to service on 20th October, ahead of the previously planned 23rd October.
Tullow Oil (LON:TLW) – Upgraded to Buy from Hold at Berenberg.
Antofagasta (LON:ANTO) – Upgraded to Sector Perform from Underperform at RBC.
UK update – Rio Tinto cuts iron ore shipment forecast, Pearson revenue up 10%
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