UK pre-market stocks update – Ryanair, Kingfisher, Halma, Retail Sales

At 07:29GMT, FTSE 100 futures are trading higher by 0.4% at 7283.

In FX markets, GBP/USD is trading at 1.3506, EUR/GBP is trading at 0.8408. The US Dollar Index is up 0.1%.

Today’s calendar highlights include Eurozone Current Account, Canadian retail sales.

Economy
UK retail sales increased 0.8% MoM in October, above the expected 0.5% increase. The Office for National Statistics said clothing, department stores, and toy shop sales reported a boost in October, however, fuel sales fell sharply as they returned to more typical levels following September’s increase.

The EU and UK are set to meet today in Brussels following a week of talks aimed at finding a solution to the Northern Ireland protocol.

Stocks
Ryanair (LON:RYA) – Given notice of intention to delist shares from the main market of the London Stock Exchange. Ryanair said the volume of trading of the shares does not justify the costs related to such listing.

Kingfisher (LON:KGF) – Q3 total group like for like sales down 2.4% YoY to £3.246 billion. Up 15% on two years ago. Expect H2 21/22 like for like sales and full year adjusted pre-tax profit to be towards the higher end of previously guided ranges.

Halma (LON:HLMA) – Acquired Infinite Leap for its Medical sector business, CenTrak, which provides real-time location services for healthcare facilities. Initial cash consideration is $30 million on a cash and debt free basis. Additional payments up to an aggregate maximum of $17 million could be paid based on growth targets.

Great Portland Estates (LON:GPOR) – Portfolio valuation up 2.0% in H1 to £2.5 billion. Total property return of 3.7% with capital return of 2.2% versus MSCI Central London (quarterly index) of 1.3%.

Dechra Pharmaceuticals (LON:DPH) – Alison Platt to be appointed as Chair with effect from 1st January 2022.

Pantheon International (LON:PANI) – Unaudited NAV per share as at 31 October 2021 of 3,943.2p, a decrease of 16.9p (-0.4%) from the NAV per share as at 30 September 2021.

Nationwide Building Society (LON:NBS) – H1 underlying profit up to £850 million. Net interest income increased to £1.706 billion with higher margins on mortgages. Net release of £34 million of credit provisions as the economic outlook improved.

Wincanton (LON:WIN) – H1 revenue up 19.3% to £690.3 million. Underlying EBITDA up 17.6% to £50.8 million. Increased interim dividend to 4.00 pence per share.

UK pre-market stocks update – Ryanair, Kingfisher, Halma, Retail Sales