Advertisement
UK markets close in 55 minutes

  • FTSE 100

    8,136.65
    +57.79 (+0.72%)
     

  • FTSE 250

    19,830.44
    +228.46 (+1.17%)
     

  • AIM

    755.66
    +2.54 (+0.34%)
     

  • GBP/EUR

    1.1675
    +0.0019 (+0.16%)
     

  • GBP/USD

    1.2485
    -0.0026 (-0.21%)
     

  • Bitcoin GBP

    51,659.05
    +698.42 (+1.37%)
     

  • CMC Crypto 200

    1,345.06
    -51.48 (-3.69%)
     

  • S&P 500

    5,101.17
    +52.75 (+1.04%)
     

  • DOW

    38,276.21
    +190.41 (+0.50%)
     

  • CRUDE OIL

    83.74
    +0.17 (+0.20%)
     

  • GOLD FUTURES

    2,352.70
    +10.20 (+0.44%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,175.74
    +258.46 (+1.44%)
     

  • CAC 40

    8,099.42
    +82.77 (+1.03%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

BUZZ-Spirax-Sarco: 2017 profit, revenue beat; sees better 2018

Reuters - UK Focus

** Shares (Berlin: DI6.BE - news) of British valve maker +4.5 pct after 2017 profit, revenue beat

** 2017 adj. PBT up 28.7 pct to 229.1 mln stg ($320.3 mln), beating analysts' average estimate of 219.5 mln stg, according to Thomson Reuters I/B/E/S

** Revenue rose 31.9 pct to 998.7 mln stg in 2017, beating estimate of 979.2 mln pounds

** CEO Nicholas Anderson says expects to make further progress in 2018

** Morgan Stanley (Xetra: 885836 - news) :"A strong set of results from Spirax... We expect low-single-digit upgrades to consensus operating profit and a low-to-mid-single-digit postive share reaction today"

** We do not expect the current strong correlation between margins and valuation multiples to be disturbed - Investec (RM (LSE: RM.L - news) : justin.varghese.thomsonreuters.com@reuters.net)