Wednesday, December 8, 2021
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UK pre-market stocks update – Hochschild Mining, Motorpoint, Vivo Energy

At 07:30GMT, FTSE 100 futures are trading higher by 0.2% at 7300. In FX markets, GBP/USD is trading at 1.3348,…

By financial2020myday , in Stock Markets , at November 25, 2021

At 07:30GMT, FTSE 100 futures are trading higher by 0.2% at 7300.

In FX markets, GBP/USD is trading at 1.3348, EUR/GBP is trading at 0.8402. The US Dollar Index is down 0.15%.

Today’s calendar looks set to be quiet due to the Thanksgiving Holiday in the US. The ECB will publish the account of its latest meeting and Bank of England members Bailey and Haskel are scheduled to speak.

Stocks
Hochschild Mining (LON:HOCM) – The Peruvian government has said it would not unilaterally close mines and will consider extending operating licences if legal requirements are met. Hochschild said they welcome the announcement from the Peruvian government. Shares had fallen around 25% on Monday after Peru said they would not be extending licences for two Hochschild mines.

Vivo Energy (LON:VVO) – Vitol Investment Partnership II Limited to buy Vivo Energy for $1.85 per share in cash or approximately $2.3 billion (£1.8 billion).

Mitchells & Butlers (LON:MAB) – FY 2021 like for like sales down 9.6% to £1.065 billion due to COVID restrictions. Since restrictions lifted returned to profitability and cash generation. Adjusted operating profit of £29 million. H2 operating profit was £153 million. Cost headwinds, most notably in utilities and employment costs, to have a residual impact on current financial year’s performance.

John Menzies (LON:MNZS) – Secured an extension to its services partnership with easyJet (LON:EZJ) at 21 airports across Europe. Menzies will continue to provide a range of ground services, such as passenger, ramp, cabin cleaning and de-icing, for easyJet flights at major European and UK airports.

Greencoat UK Wind (LON:UKWG) – Increased size of equity raise to £450 million due to investor demand.

Paypoint (LON:PAYP) – H1 net revenue up 20.9% to £56.1 million. Profit before tax up 30% to £21.9 million. Increased ordinary interim dividend to 17.0 pence per share. Overall expectations for the full year remain unchanged.

Hill & Smith Holdings (LON:HILS) – Revenue in four month period to 31st October up 4% to £237.1 million. Remains on track to deliver full year 2021 underlying operating profit in line with analyst consensus expectations.

Motorpoint (LON:MOTR) – To appoint John Walden as an Independent Non-Executive Chairman, with effect from 10 January 2022. H1 revenue up 56.1% to £605.2 million. Operating Profit up 36.0% to £15.1 million. Board confident of delivering full year revenue and profit before tax significantly ahead of its expectations.

Mothercare (LON:MTC) – H1 turnover down to £41.7 million. Adjusted EBITDA recovered to £5.6 million from a loss of £0.1 million previously. Believe that H2 should deliver a performance at similar levels to H1.

Clipper Logistics (LON:CLG) – To establish joint venture with Farfetch (NYSE:FTCH), formalising the creation of a global e-commerce fulfilment solution for luxury brands. Farfetch and Clipper will each own 50% of the joint venture.

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