JD Sports, Deepverge, Halma, Playtech: Morning Roundup

London-listed stocks opened lower on Thursday as investors await the Bank of England’s interest rate decision. The decision comes a day after the US settled on a 75 basis point hike. Investors are anticipating a 75 basis point hike by the BoE at 12pm.

As of now, let’s dive into some of the top stories on Thursday.

JD Sports

  • JD Sports reported its interim results for the 26 weeks ended 30 July.
  • Revenue grew from £3.89 billion in 2021 to £4.42 billion in 2022.
  • However, pre-tax profits fell to £298.3 million as the company remains wary of inflation.
  • JD Sports fell 4.09% on Thursday morning.

Deepverge

  • Deepverge reported interim results for the first half of the year.
  • The company reported record sales, with H1 revenue growing 94% to £6.44 million.
  • The group stated with £18 million in sales expected for the full year, the board anticipated demand to continue well into 2023.

Halma

  • Halma reported its trading update, with the company seeing good progress in the first half of the year.
  • Despite the current environment remaining challenging, the company said it is in line with expectations as they continue to see strong demand for its products and services.
  • Its guidance for the full year remains unchanged.

Playtech

  • Gambling software firm Playtech reported a fall in pretax profit in its half-year report.
  • Revenue jumped 73% to €792.3 million, but its pretax profit fell to €103.7 million.
  • The board remains confident of its outlook given the strong performance so far in 2022.
  • Playtech shares are currently down 3.16%.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s