MoPh Markets

Darktrace, Associated British Foods, Safestore: Morning Roundup

The FTSE 100 is currently up 0.32% on Thursday. Make sure to check out some of the biggest stories moving markets…

Darktrace

  • Darktrace results for the year ended 30 June shows revenue growth of 45.7% to $415.5 million.
  • The group reported a net profit of $1.46 million from a $145.83 million loss a year prior.
  • Darktrace also confirmed discussions with Thoma Bravo have terminated.
  • Shares of Darktrace have fallen 31.3% this morning.

Associated British Foods

  • Associated British Foods’ trading update saw a significant increase in operating profit and adjusted earnings per share.
  • Primark total sales are expected to be £7.7 billion, 40% ahead of last year.
  • However, Associated British Foods shares declined 7.32% after expecting adjusted operating profit and adjusted earnings per share to be lower than this financial year.

Safestore

  • The third quarter trading update for Safestore sees revenue up 14.9% to £54.7 million.
  • Like-for-like group revenue for the quarter was up 9.5%, with its UK division up 10.7%, Paris up 4.8%, and Spain 8.3% higher.
  • Safestore shares were unchanged on Thursday morning.

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