|
Corrects Mony’s adjusted Ebitda for the first half of 2025 to £75.1 million. The following are the leading risers and fallers among FTSE 100 and 250 index constituents on Tuesday. ---------- FTSE 100 winners ---------- Babcock International Group PLC, up 7.6% at 1,116.00 pence Antofagasta PLC, up 3.5% at 3,585.00p BAE Systems PLC, up 3.4% at 1,939.27p Endeavour Mining PLC, up 2.8% at 3,519.00p Marks & Spencer Group PLC, up 2.4% at 389.17p ---------- FTSE 100 losers ---------- Compass Group PLC, down 2.0% at $30.98, down despite upbeat trading update Sage Group PLC, down 1.9% at 834.00p Autotrader Group PLC, down 1.8% at 493.20p Admiral Group PLC, down 1.8% at 3,512.00p ICG PLC, down 1.8% at 1,822.00p ---------- FTSE 250 winners ---------- Mitie Group PLC, up 39% at 209.48 pence, agrees to OCS takeover deal Rosebank Industries PLC, up 9.8% at 328.16p, targets full-year EPS exceeding consensus Ceres Power Holdings PLC, up 6.2% at 372.80p Kier Group PLC, up 4.6% at 233.00p, expects profit and revenue at top end of consensus Qinetiq Group PLC, up 4.1% at 470.58p ---------- FTSE 250 losers ---------- Mony Group PLC, down 3.8% at 196.40p, sees full-year adjusted earnings within consensus GB Group PLC, down 3.5% at 218.00p, quarterly performance in line with guidance SDCL Efficiency Income Trust PLC, down 2.3% at 37.65p Lancashire Holdings Ltd, down 2.1% at 644.00p Pets At Home Group PLC, down 2.1% at 194.30p ---------- FTSE 100 & 250 movers in focus: ---------- Compass Group PLC, down 2.0% at $30.98, 12-month range $29.82-$31.36. The Chertsey, England-based contract caterer estimates that organic revenue in the quarter that ended June 30 grew by 7.1%, and in the year to-date by 7.2%. By region, organic revenue grew 7.5% in North America in the third quarter, and was up 7.3% year-to-date. International organic revenue advanced 6.4% in the third quarter and 6.9% year-to-date. Net new business growth accelerated into the target range of 4% to 5%. Like-for-like growth matches expectations, and Compass reiterates ‘confidence in delivering underlying operating profit growth of above 11% in constant currency.’ ‘Easing food price inflation and the timing of major events put a slight dent in growth outside of North America, while capital expenditure is expected to be elevated by year-end thanks to the costs of mobilising on new client wins. This prompted some modest weakness in the share price,’ AJ Bell’s Dan Coatsworth says in response. ---------- Mitie Group PLC, up 39% at 209.48 pence, 12-month range 214.00p-210.58p. The London-based outsourcing and facilities management firm has accepted a £3.1 billion takeover offer from UK peer OCS Group. The cash bid from OCS Group Topco Ltd values each Mitie share at 221.6 pence. This comprises cash of 218.5p per share and a Mitie final dividend of up to 3.1p for the financial year that ended March 31. If the dividend is paid in full, the deal values Mitie about £3.1 billion. Because of the takeover bid, Mitie immediately suspended its £100 million share buyback programme. Mitie also releases a trading update for the three months ended June 30, reporting a ‘good’ start to the financial year. Revenue increased 10% to £1.41 billion from £1.28 billion a year before, ‘including 4% organic growth driven by new wins, projects growth and pricing,’ the firm said. Contract wins and extensions or renewals totalled £1.6 billion, up 33% on-year from £1.2 billion. In addition, Mitie highlights a ‘record’ £32.5 billion bidding pipeline as of June 30, up from £31.7 billion the year prior. ---------- Mony Group PLC, down 3.8% at 196.40 pence, 12-month range 194.20p-209.60p. Reports revenue of £227.1 million for the first half of 2026, up 1% or 6% like-for-like from £225.3 million the year before. Declares interim dividend of 3.36p per share, up 1% from 3.33p. Pretax profit increases to £61.0 million from £59.8 million. Adjusted Ebitda increases 1% to £75.5 million from £75.1 million. Mony expresses confidence that it will deliver adjusted Ebitda within the £140 million to £148 million consensus range, the mid-point being £146 million. ---------- Copyright 2026 Alliance News Ltd. All Rights Reserved.
|
