The FTSE 100 opened slightly higher on Thursday as markets are yet to build on any gains made earlier in the week. Meanwhile, below is some of the latest news from London-listed stocks on Thursday.
- Imperial Brands reported its trading statement on Thursday.
- The company announced its share buyback program, repurchasing £1 billion of shares.
- The group trading in the year has been in line with expectations, and its annual results will be posted on 15 November.
- Imperial Brands up 4%.
- Shell announced its third quarter update.
- The oil firm expects Q3 EBITDA to be negatively impacted by a fall in refining margins.
- The group expects third quarter production to be between 890 and 940 thousand barrels of oil equivalent per day.
- Shares of Shell are down 3.41%.
- CMC Markets today issued a trading update for the six months to 30 September.
- H1 net operating income is expected to be approximately £153 million, up 21% year-on-year.
- Furthermore, leveraged net trading revenue is expected to be approximately £128 million, an increase of 27% from the prior year.
- CMC shares gained 6.52% on Thursday.
- Motorpoint posted a record first-half revenue of £785 million in H1.
- The strong growth was driven by branch rollout, an increase in premium models being sold and vehicle price inflation, according to Motorpoint.
- Profit before taxation for the period was £3 million, which was significantly lower than in the prior year as it reflects its increased strategic investment.