Good morning! Below covers today's regulatory and potentially price-sensitive announcements.
| Company | Announcement |
|---|---|
| £21550m - Compass (LON:CPG) - Household (Entertainment) | Pre-Close Trading Update - The reopening of units and initial increase in volumes, combined with positive contract renegotiations and a relentless focus on efficiencies are expected to improve the Group's fourth quarter operating margin to breakeven, before any contract impairments. We are reviewing our contract portfolio[4] and at this preliminary stage we estimate, subject to audit, that we will have to impair around £100 million1,[5] of contract assets. Including estimated contract impairments, the fourth quarter underlying operating margin is expected to be around (3)%1 (Q3 2020: (5.2)%)[6]. The full year underlying operating profit margin is expected to be around 3%1,[7].As a result of the distortive impact of unrelieved foreign taxes and other non-tax-deductible expenses against a low profit base, we expect the 2020 full year tax rate to be a few percentage points higher than the HY 2020 rate of 24%. |
| £4910m - Boohoo (LON:BOO) - Household (Retail) | Interim Results - Group revenue growth for the year to 28 February 2021 is expected to be 28% to 32%, up from approximately 25% as previously guided, with adjusted EBITDA margin for the year at around 10%, increased from the 9.5% to 10% as previously guided. The group has made a good start to the second half of the year, with momentum continuing into September. At this stage we feel it is prudent to continue to plan for a period of economic uncertainty in the second half of the financial year, including possible reduced consumer spending. It is also prudent to plan for return rates returning to normal levels, continued near-term carriage inflation in some of our overseas markets and increased marketing spend likely in the second half. Capital expenditure is expected to be higher than previously anticipated, in the region of £80 million to £100 million, reflecting the step-up of investments into automation at our Sheffield facility, further expansion of existing automation at the Burnley facility and sig |
| £1530m - Helios Towers (LON:HTWS) - Industrial (Construction - Engineering) | Notice of Q3 2020 Results Date & Conference Call - London, 30 September 2020: Helios Towers plc (the "Company"), a leading independent telecommunications infrastructure company in Africa, will announce results… |
