Haleon, National Grid, Auto Trader, B&M: Morning Roundup

London stocks are set to open lower on Thursday as investors await U.S. inflation data. U.S. indices closed lower on Wednesday, with the Nasdaq trading down 2.48%. Inflation data is forecasted at 8.1%, a small drop from its prior reading.

This Morning’s Roundup sees earnings from Haleon, National Grid, Auto Trader and B&M.

Haleon

  • Haleon reported its Q3 trading statement on Thursday, which saw another quarter of strong growth for the company.
  • Q3 reported revenue came 16.1% higher, with 9m reported revenue up 14.4%.
  • The company’s e-commerce was 9% of total revenue as the group continued its momentum.
  • Furthermore, Haleon upgraded its full-year guidance, expecting FY22 organic revenue growth between 8% and 8.5%.

National Grid

  • National Grid announced its half-year results in a trading statement on Thursday.
  • The company said underlying profit before tax jumped 47% to £990 million and EPS came in at 22.8p, up 42% from the prior period.
  • The company increased its dividend to 17.84p per share.

Auto Trader

  • Auto Trader’s half-year results saw its performance strengthen over the last six months.
  • Group revenue came in at £249.8 million, 16% higher than the prior year.
  • The company reported a profit of £149.1 million, down 2%.
  • The board stated it has confidence for the second half of the year due to consistent trading in October and belief that Auto Trader margins can be maintained at 70%.

B&M

  • B&M’s half-year report saw another strong quarter for the retail firm.
  • Group revenue increased 1.8%, with momentum continuing into Q3.
  • Adjusted EBITDA of £232 million was driven by the reduction in gross margin.
  • Finally, the company will pay an interim dividend of 5p per share, which is at the same level as the previous financial year.

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