Lloyds, Unilever, Foxtons, Made.com: Morning Roundup

London stocks opened higher on Thursday, despite several European indices declining ahead of its monetary policy decision.

The FTSE 100 is currently up 0.3%.

Lloyds

  • Lloyds reported its Q3 statement, sending its shares 1.3% lower.
  • The banking firm reported a statutory profit after tax of £4 billion and a net income of £13 billion.
  • The group updated its financial guidance, with operating costs expected to be £8.8 billion and capital generation expected between 225 and 250 basis points.

Unilever

  • Unilever’s Q3 trading statement sees its sales growth accelerated to 10.6%.
  • Turnover increased 17.8% to €15.8 billion, with the biggest growth in its beauty and wellbeing segment.
  • The company announced a second €750 million share buyback tranche and maintained a quarterly interim dividend for Q3 at €0.4268.

Foxtons

  • A Q3 trading update from Foxtons sent its shares 8.67% higher on Thursday.
  • The company stated lettings continued to drive solid performance alongside strong sales revenue growth.
  • Revenue jumped 25% to £43.8 million and the company reported growth across all areas of the business.
  • The group now expects to deliver a result ahead of previous guidance.

Made.com

  • Finally, Made.com has provided yet another update.
  • The company announced it is no longer in receipt of any possible offers for the issued and to be issued share capital of the company.
  • As a result, the group has decided to terminate the formal sales process and is no longer in an offer period.

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