| Trading Update |
25-Feb-14, 9:48am: Profit Taking Sees Indices Pull BackAfter the FTSE hit its highest level since 1999, investors are taking some cash off the table. This trading video takes a look at how the financial markets are faring this morning.
Update by Ishaq Siddiqi, Market Analyst, |
25-Feb-14, 10:10am: GKN Engineer a Dividend PaymentThe board has recommended a final dividend of 5.3p per share, up from 4.8p per share in 2012. If the dividend is approved, the total dividend for 2013 will be 7.9p, up from 7.2p in 2012.
Update by Jacob Wood, Editor, |
25-Feb-14, 10:10am: Homing in on ProfitsPersimmon has reported that full year 2013 revenues were up 21% @ £2.1bn. Coupled with strong margin improvements, underlying operating profits were up 50% to £333m from £223m in 2012. Underlying pre-tax-profit is up 49% to £330m from £222m. The underlying basic EPS for 2013 is therefore up 47% to 83.3p from 56.7p in 2012. The house builder plans to pay a dividend of 70p per ordinary share.
Update by Jacob Wood, Editor, |
25-Feb-14, 10:10am: No Change at LadbrokesLadbrokes have reported full year 2013 results with net revenue broadly flat YoY at £800.9m. Operating profit fell 38.9% to £144.2m from £236.1m in 2012. Dividend-wise, there is no change on 2012. The board has announced a final dividend of 4.60p per share which takes the full year 2013 dividend to 8.90p.
Update by Jacob Wood, Editor, |
|
25-Feb-14, 12:35pm: With American economic data being hit by the recent cold weather, the latest trading video on our blog sees that some commodities are in demand, whilst others are struggling as Chinese figures start to dip. Commodities See Mixed Fortunes as Cold Weather Hits US Data
Update by Gordon Childs, Editor, |
26-Feb-14, 11:27am: Travis Perkins Builds on 2012 FoundationsThe builder’s merchants have reported positive full year 2013 results. ‘Adjusted pre-tax profit’ rose 12.4% to £321m from £286m in 2012 and ‘report pre-tax profit’ was up £14m to £313m. Profits were up despite lower ‘net exceptional credits’ of £9m (£31m in 2012). This was mainly due to fair value accounting treatment of the outstanding Toolstation consideration which is due to be settled during 2014. Adjusted EPS rose 14.3% to 103.6p from 90.6p in 2012. The board has recommend a final dividend for 2013 of 21p per share. That puts the total dividend for the year at 31p, up 24% on 2012.
Update by Jacob Wood, Editor, |
26-Feb-14, 11:27am: Weir Group Full Year 2013 ResultsThe engineering group has reported revenues which dropped 4% to £2,430m on a constant currency basis. Operating profit from continuing operations have seen a similar fall. However, pre-tax profits from continuing operations are up 2% to £431.2m from £420.7m in 2012. EPS is now at 157.2p, up from 147.5p in 2012. The board has recommended an 11% increase in the full year dividend, with a final dividend of 33.2p. That takes the total dividend for 2013 to 42.0p, up from 38.0p in 2012.
Update by Jacob Wood, Editor, |
26-Feb-14, 11:27am: Petrofac Full Year 2013 Results and a Positive ForecastNet profit at the oil and gas engineering firm is up 3% to $650m but EBITDA is up 17% to +$1bn. Fully diluted EPS increased 2.8% to 189.10¢ from 183.88¢ in 2012. Revenues are up 1.4% to $6,329m from $6,240 in 2012. The firm reported good growth in Offshore Projects & Operations, Engineering & Consulting Services and Integrated Energy Services due to “high levels of activity”. The board has proposed a final dividend of 43.80¢ per share for the year ended 31 December, slightly up from 43.00¢ in 2012. Therefore the total dividend for 2013 stands at 65.80¢, up from 64.00¢s; in 2012. The statement also said, “We expect to deliver flat-to-modest growth in net profit in 2014. We remain confident of the long-term growth trajectory for Petrofac and of returning to strong earnings growth in 2015.”
Update by Jacob Wood, Editor, |
26-Feb-14, 11:41am: Spike in Taylor Wimpey ProfitsFor the full year 2013, the developer has increased revenues by £276.5m to £2,295.5m from £2,019.0m in 2012. Group operating profit spiked 38.4% to £312.9m from £226.1m in 2012. The adjusted basic EPS increased by 46% to 6.7p from 4.6p in 2012. The board has proposed a final dividend of 0.47p per share, that takes the total 2013 dividend to 0.69p, up from 0.62p in 2012.
Update by Jacob Wood, Editor, |
26-Feb-14, 11:41am: Boeing Investors Have Bad DreamsAccording to Bloomberg, the aircraft manufacturer is struggling to find buyers for 11 of its earliest 787 Dreamliners, together valued at $1.1bn. Two airlines have dropped orders for the ‘holdover’ models from the 787’s troubled birth.
Update by Jacob Wood, Editor, |
26-Feb-14, 11:41am: Chevron Explores Sale OptionsCVX shares are trading slightly higher after the oil and gas giant said it was reviewing the option of selling some, or all, of its US midstream business.
Update by Jacob Wood, Editor, |
|
26-Feb-14, 12:00pm: Is the euro on course to hit the $1.40 level against the dollar? The latest video on our trading blog considers precisely that question. Can EUR/USD Break Resistance to Head for $1.40?
Update by Gordon Childs, Editor, |
