By Samuel Indyk
Investing.com – At 07:34BST, FTSE 100 futures are trading lower by 0.2% at 7236.
Today’s calendar highlights include the FOMC Decision, UK Services PMI, Eurozone Unemployment, US ADP Nonfarm Employment, Trade Balance, Services PMI, Factory Orders, ISM Non-Manufacturing, Crude Oil Inventories, Polish Interest Rate Decision.
Anglo American (LON:AAL) – To appoint Duncan Wanblad as Chief Executive, with effect from Anglo American’s AGM on 19 April 2022.
BHP Group (LON:BHPB) – Currently in discussions with Wyloo Metals regarding its potential support of BHP’s $0.75 per share offer to acquire Noront Resources. BHP is extending the initial expiry of its offer from 11:59 p.m. (Toronto time) on November 9 to 7:00 p.m. (Toronto Time) on November 16.
Coca Cola HBC AG (LON:CCH) – Q3 FX-neutral revenue growth of 17.1%. Total group volume increased 13.1%. Reiterates guidance for 2021 of a strong recovery in FX-neutral revenues and a 20-30bps EBIT margin expansion.
Darktrace (LON:DARK) – Vitruvian Partners has sold 11 million ordinary shares at 580 pence per share via secondary placing.
Land Securities (LON:LAND) – Acquired majority stake in MediaCity, Salford. Will pay £425.6 million for 75% interest.
Next (LON:NXT) – Full price sales in Q3 were up +17.0% versus two years ago. Full price sales in five weeks since the previous update were up 14%, above forecast of 10%. Maintaining Q4 full price sales guidance at +10% and full year profit before tax of £800 million.
Smurfit Kappa (LON:SKG) – 9-month revenue up 15% YoY to €7.287 billion. EBITDA up 10% to €1.235 billion. Expect to deliver significant EBITDA growth for the full year in line with current market expectations. Materially higher input costs, principally, but not limited to, recovered fibre and energy are being progressively recovered through corrugated price increases.
Micro Focus (LON:MCRO) – To sell its Archiving and Risk Management portfolio to Smarsh for a total cash consideration of $375 million.
Energean Oil & Gas (LON:ENOG) – Average working interest production in the 9 months to 30th September was 42.6 kboed (72% gas), ahead of full year guidance. Increased lower end of guidance which is now 40-42 kboed (from 38-42 kboed). On track to deliver record full-year consolidated results with revenues in excess of $450 million and EBITDAX of more than $190 million.
Quilter (LON:QLT) – Assets under management and administration stood at £108.5 billion at end of September. To reorganise the group into two client focussed segments: High Net Worth and Affluent.
Trainline (LON:TRNT) – H1 group net ticket sales of £1.0 billion, revenue up 151% to £78 million. Q2 group net ticket sales recovered to 71% of same period in FY2020. H1 adjusted EBITDA of £15 million versus £16 million loss last year. Maintains FY 22 guidance for net ticket sales in range of £2.4-£2.8 billion.
CLS Holdings (LON:CLSH) – Received 99% of contractual rents due for first three quarters of 2021. Group, UK and France vacancies are largely unchanged since 30 June 2021. Vacancy in Germany has increased, primarily due to the expected expiry of leases at Parsevallstrasse and Hansaalle in Dusseldorf.
Ibstock (LON:IBST) – Q3 trading “remained strong” with robust demand continuing across housebuilding and RMI markets. Expectations for adjusted EBITDA for the 2021 financial year remain unchanged.
Pets at Home (LON:PETSP) – CEP Peter Pritchard to step down from role next summer. On current trading, the company anticipates that Group underlying pre-tax profit for the 53 weeks to 31 March 2022 will be at the top end of the current range of analyst expectations, ahead of previous guidance.
UK pre-market news – Anglo American, BHP, Next, LandSec, Smurfit Kappa, Trainline
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