Good morning! What are the chances of another day without any profit warnings, mishaps, or unwanted surprises?
Update at 7.30am: it looks like we have possibly started a streak of days without any profit warnings!
1pm: thanks for dropping by, see you tomorrow!
Spreadsheet accompanying this report (updated to 17/1/2025)
Name (Mkt Cap) | RNS | Summary | Our view (Author) |
---|---|---|---|
Intermediate Capital (LON:ICG) (£6.2bn) | TU | $22bn raised in 12 months, 2x 2023. Fee-earning AUM +2.8% QoQ to $71bn. | |
easyJet (LON:EZJ) (£3.9bn) | TU | Q1 LBT of £61m, improved vs LY. ASK capacity +11% YoY. Holiday profit +39%. FY25 outlook in line. | AMBER/GREEN (Roland) |
Quilter (LON:QLT) (£2.2bn) | TU | Core net inflows £2bn in Q4, £5.2bn for the year. | |
J D Wetherspoon (LON:JDW) (£747m) | TU | H1 LfL sales +5.1%. LfL sales for main Christmas period +6.1%. Labour-related costs to rise £60m. | AMBER (Graham) Downgrading this as I'm not sure it has enough of a profit margin (after interest costs) to absorb higher NICs from April. |
LBG Media (LON:LBG) (£261m) | Full-year Results | Ahead of exps for 2024 and positive Q1 for FY Sep 2025 gives confidence for new financial year. | AMBER (Graham) US expansion provides a growth opportunity. Perhaps it's fairly valued at current levels. |
Enquest (LON:ENQ) (£246m) | Acquisition of Harbour Energy Vietnam business | $84m. 53% interest in 2 production fields. Fast payback, low capex, reduced carbon intensity. | |
Beeks Financial Cloud (LON:BKS) (£177m) | Exchange Cloud now live with Nasdaq | Agreement enables Nasdaq to offer cloud infrastructure and analytics. Underpins FY25 exps. | AMBER/GREEN (Roland) |
Secure Trust Bank (LON:STB) (£88m) | Media: Reeves bids to intervene to cut lenders’ £30bn bill | Treasury applies to Supreme Court to prevent economic harm from excessive compensation. | AMBER/GREEN (Graham) A proportionate outcome to legal situation is now more likely. |
Headlam (LON:HEAD) (£112m) | TU | Rev -9.7% to £593m. Adj. pre-tax loss c. £34m. Cash £11m and remaining properties worth £95m. | AMBER (Roland) |
Colefax (LON:CFX) (£46m) | Half-year Results | H1 sales+1.8%. PBT -0.5% to £4.4m. Strong in US, challenging in UK/Europe. Cash £18.6m. | |
Transense Technologies (LON:TRT) (£24m) | TU | FY25 in line. H1 revenue +37% at £2.4m, but net earnings exp c.20% below prior H1, due to hiring. | |