European futures are trading higher on Friday, rebounding from recent losses. However, investors will be eagerly waiting for the latest U.S. inflation data. Next week also sees policy meetings from the U.S. Federal Reserve and the ECB.
As of today, the Morning Roundup includes news from ABF, Argo Blockchain and Berkeley Group.
Associated British Foods
- ABF announced its trading update on Friday, which saw the group keep its outlook unchanged.
- The group continues to expect significant input inflation, but the volatility has diminished.
- ABF also expects aggregate profit to be ahead of its last financial year.
- Primark trading has been encouraging and is on track to open 27 news stores this financial year.
- Argo’s November operational update saw the group mine 198 Bitcoin or Bitcoin Equivalents compared to 204 BTC in October.
- The decrease was primarily due to an increase in the Bitcoin network difficulty.
- The company’s hash rate capacity continues to be EH/s.
- As of 30 November, the company help 126 Bitcoin, of which 116 were Bitcoin Equivalent.
- Berkeley group announced its results for the six months ended 31 October.
- The group’s profit before tax fell 2% YoY to £284.8 million, although sales were ahead of the same period last year.
- Berkeley stated it has ended the period in a robust position and continues to focus on matching supply to demand, adding value and protecting operating margins.