|Bid||3.3700 x 0|
|Ask||3.3800 x 0|
|Day's range||3.3600 - 3.4000|
|52-week range||3.0000 - 5.2800|
|Beta (3Y monthly)||0.89|
|PE ratio (TTM)||20.55|
|Earnings date||8 Aug 2019|
|Forward dividend & yield||0.12 (3.56%)|
|1y target est||6.00|
Leading British defence contractor BAE Systems (LSE: BA.L - news) said German moves to block exports to Saudi Arabia could damage its major deals with the country and weigh on its financial performance. BAE said it was reliant on the approval of export licences by a number of governments in order to continue supplies to Saudi Arabia.
Drugmaker AstraZeneca forecast a second straight year of sales growth on Thursday, driven by revenue from cancer medicines and other new treatments, lifting its shares. Shares in AstraZeneca, which reported better than expected fourth-quarter results, were up 5.1 percent to 6,015 pence by 1040 GMT, on track for their best day in more than 18 months. After a sharp sales fall following his appointment in 2012 due to the expiry of major patents, the results were the latest vindication of Chief Executive Officer Pascal Soriot's strategy for rebooting the British drugmaker.
Shares in Clydesdale and Yorkshire Bank owner CYBG Plc (Frankfurt: 42YA.F - news) surged 14 percent on Wednesday after the British lender lifted its forecast for margin growth and reported a rise in lending in a tight UK mortgage market. The 1.4 percent increase in total loans in October-December, the first quarter of the bank's fiscal year, surprised investors as CYBG had warned in November that Brexit-related concerns were subduing the short-term prospects for homeowners and small businesses who are its main customers. The bank again flagged uncertainties around Britain's impending departure from the European Union, but said it was working hard to alleviate pressures on customers.
With (Other OTC: WWTH - news) creativity and goodwill, Britain and the European Union can still perhaps resolve the issue of Irish border arrangements after Brexit, German Chancellor Angela Merkel said on Monday. Speaking at a news conference with Japanese Prime Minister Shinzo Abe in Tokyo, Merkel said Germany did not want to see Britain's divorce deal with the EU - the so-called Withdrawal Agreement - renegotiated.
Novo Nordisk (LSE: 0QIU.L - news) reported solid growth for its new diabetes drug on Friday and said it would submit a tablet version, a key growth hope, for U.S. approval in the first quarter, lifting the Danish drugmaker's shares. Shares (Berlin: DI6.BE - news) in Novo rose almost 4 percent, boosted by a revised 2019 outlook and forecast-beating sales of its new once-weekly Ozempic GLP-1 drug. The world's top maker of diabetes drugs expects 2019 sales growth of 2-5 percent and operating profit growth of 2-6 percent, both measured in local currency.
Novartis's 2019 sales and profit growth guidance disappointed investors seeking more from Chief Executive Vas Narasimhan's efforts to focus the Swiss drugmaker on high-tech medicines while shedding non-core ...
** Morgan Stanley sees many externalities weighing on sector in 2019 and looks to names where key earning deltas can be positive with self help ** Sees global macro momentum slowing, oil prices and USD ...
Provident Financial Plc (Other OTC: FPLPF - news) expects 2018 earnings to be at the lower end of market expectations, sending shares in the sub-prime lender 20 percent lower on Tuesday. Provident's worst day on the stock market since August 2017 deepened a more than 70 percent drop in value in the last two years as it works to win back customers after prolonged problems at its home lending business. The firm blamed modestly higher impairment at its credit card business Vanquis Bank.
German automotive supplier Continental AG will cut costs to compensate for a drop in profitability this year due to a downturn in car markets and the industry's costly shift from combustion engines towards electric vehicles. Continental's warning on margins comes after rival Kuka (Xetra: 32957679.DE - news) lowered its operating profit guidance and carmakers Ford and Jaguar Land Rover announced sweeping job cuts in response to falling demand. Last year, Continental's adjusted EBIT margin came in at 9.2 percent, according to preliminary figures released on Monday.
Britain's Premier Oil (LSE: PMO.L - news) cut debt to $2.3 billion at the end of 2018, below a previous forecast of $2.4 billion, it said in a trading update on Thursday. Premier (BSE: 500540.BO - news) 's full-year production of 80,500 barrels of oil equivalent per day (boepd) came in slightly above its guidance and was up 7 percent from its 2017 output. Oil prices are currently around $60 a barrel.
** Jefferies says the market is pricing in double-digit EBITDA declines & sees an opportunity for UK paper & packaging sector to re-rate in 2019, if pricing is better than feared ** Believes the market ...
France's Vinci is taking advantage of a Brexit hit to UK asset prices to buy a majority stake in Britain's second-busiest airport, London's Gatwick, for 2.9 billion pounds , the construction company said ...
EDINBURGH, Dec (Shanghai: 600875.SS - news) 13 (Reuters) - Serco expects revenue to start to grow for the first time in six years in 2019 as it finally starts to reap the rewards of an overhaul but the British outsourcer asked investors to be patient on the restoration of dividend payments. The services provider predicted positive free cash flow in 2018 after three years of outflows, sending its shares up as much as 10 percent. Earnings per share forecasts were raised thanks to a lower effective tax rate, it said.
LONDON, Dec (Shanghai: 600875.SS - news) 13 (Reuters) - European travel and tourism group TUI Group posted an 11 percent rise in annual earnings, and said next year would generate similar growth, as its higher-margin hotel and cruise businesses help it eclipse smaller rival Thomas Cook (Frankfurt: A0MR3W - news) . Thomas Cook last month posted an almost 20 percent fall in annual earnings and suspended its dividend, blaming a heatwave in summer in northern Europe which it said had hit demand in the most profitable part of its season. The nice thing, our business model and transformation, seems to be not affected," CEO Fritz Joussen told reporters on a call on Thursday.
** Shares of British online estate agency are down 10 pct after co has trimmed upper end of rev forecast ** Sees now FY rev of 165-175 mln stg vs 165-185 mln stg earlier ** H1 rev jumps 75 pct, but operating ...
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** JP Morgan sees risks linked to market recession for asset managers sector not yet fully reflected in valuation ...
Dec (Shanghai: 600875.SS - news) 5 (Reuters) - EnQuest (Frankfurt: 3EQ.F - news) expects to produce about 20 percent more oil next year as the indebted British North Sea producer strives to recover from a series of minor setbacks at its flagship field. The company said on Wednesday it expected to produce between 63,000 and 70,000 barrels of oil equivalent per day (boepd) in 2019, compared with a forecast 54,000-56,000 boepd this year. EnQuest, which specialises in squeezing more barrels out of ageing fields, has suffered a handful of system outages and equipment repairs at its key Kraken field this year, one of the largest North Sea developments that started production in 2017.
British bank CYBG (Frankfurt: 42YA.F - news) was hit by a surprise mis-selling charge and the uncertainty of Brexit on Tuesday, driving its shares to their biggest single day loss since floating in 2016. CYBG's shares closed down nearly 17 percent after the bank formerly owned by National Australia Bank said it would take another 150 million pound ($193 million) charge related to the mis-selling of payment protection insurance (PPI) policies.
** Melrose Industries up ~1.5 pct after RBC assumes coverage with "top pick" rating vs "outperform"; among top pct gainers in index ** RBC says MRON management has unique "buy, ...
A series of cabinet resignations in Britain over a draft deal to take Britain out of the European Union reinforces uncertainties over the future of the country's ad market, the co-chief executive of outdoor advertising company JCDecaux said on Thursday. JCDecaux, the world's leading outdoor advertising company, manages the bus shelter advertising concession by Transport for London (TfL).
** German publisher Axel Springer up ~2 pct as UBS raises rating to "neutral" ** UBS says long-term question marks exist but short-term momentum is strong for the stock ** Says with a PEG ratio ...
Budget airline Wizz Air (Frankfurt: WI2.F - news) cut its full-year profit forecast by as much as 21 percent on Wednesday, blaming an 80 million euro ($92 million) hit from higher fuel prices. It pointed to its ultra-low cost model and expansion plans based on the arrival of new, more fuel-efficient planes next year. "I don't think that the high fuel price environment is necessarily a structurally bad thing for Wizz Air," CEO Jozsef Varadi told Reuters in an interview.
British gambling firm William Hill (Frankfurt: 633847 - news) cut full-year profit expectations on Tuesday, blaming tougher regulations and higher taxes, and warned of more losses in the United States as it steps up expansion. "In three years time, we should clearly see the U.S. being profitable," Chief Executive Philip Bowcock told Reuters, adding higher advertising costs for the company's mobile platform would hit earnings for 2-3 years. William Hill has earmarked about 120-130 million pounds ($157-170 million) for 2019 to fund its U.S. expansion.
British Airways owner IAG , which has tried to take over Norwegian Air, said on Friday it regards the short-haul market as its best opportunity for consolidation. Chief (Taiwan OTC: 3345.TWO - news) executive Willie Walsh told investors he expected to see airline consolidation in Europe and that IAG had the financial headroom needed to pursue acquisitions. "When we talk about consolidation it (Norwegian) is an opportunity, particularly if you look at the short-haul network and further consolidation in that short-haul network, it's probably the best opportunity for us," Walsh said.
LONDON, Oct (Shenzhen: 000069.SZ - news) 30 (Reuters) - Anglo Pacific (Other OTC: AGPIF - news) has a warchest of $100 million to spend on two new revenue streams over the coming months, preferably in the Americas, its chief executive said at the Reuters Global Commodities Summit. Anglo Pacific, the only small-cap, global, non-precious metals royalty company, has reported record revenues this year and a more than tripling in free cash flow as a reluctance to invest in the mining sector has driven companies to sell royalties as they struggle for finance. In August, Anglo Pacific broadened its portfolio by buying a 4.25 percent stake in Canada's Labrador Iron Ore Royalty Corp (LIORC).