Rolls Royce Shares Tumble, Next Reports £10m Profit Growth: Morning Roundup

Here are the top stories from the London Listed stocks on Thursday…

Rolls Royce

  • Rolls Royce reported growth in order intake, revenue, and cash flow.
  • Underlying revenue came in at £5.3 billion.
  • Posted an underlying operating profit of £125 million, down from £307 million a year earlier.
  • Share price down 5%.

Next

  • Q2 full-price sales up 5% versus last year.
  • Full price sales guidance for the second half was maintained at +1.0%.
  • Full-year profit guidance increased by +£10m to £860m.

Phoenix Group

  • Pheonix Group announced the cash-funded acquisition of Sun Life UK for £248 million.
  • They also increased their dividend by 2.5%.
  • The acquisition is expected to deliver c.£470 million of incremental long-term cash generation.
  • Share price rises 2.33%.

Glencore

  • Revenue surged 43% to $134.4 billion for H1.
  • Adjusted EBITDA rallied 119% to $18.9 billion.
  • The share price has gained 1.35% following the report.

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