London stocks opened lower on Friday after a relatively positive week. Weaker UK retail sales have added further instability to the UK, which also saw Prime Minister Liz Truss step down on Thursday.
As for markets, the FTSE 100 is down 0.36% and the FTSE 250 is trading 0.71% lower.
- Wickes group reported its trading update, announcing third quarter LFL sales of 2.6%.
- Core LFL sales was flat but DIFM LFL sales increased to 12.2%.
- The company expects full year adjusted profit before tax to be in the range of £72 million and £82 million.
- Wickes shares down 1.42% on Friday.
- Deliveroo reported its Q3 trading update, which saw GTV up 8% year-on-year.
- Order numbers fell 1%, although GTV per order jumped 9% to £23.4 million.
- The group updated its FY22 guidance, with GTV growth now expected to be in the range of 4% and 12%.
- Deliveroo gained 2.79% following the news.
London Stock Exchange
- LSEG reported “another strong quarter” in its third quarter trading update.
- Total income increased 14.8% to £1.99 billion and gross profit jumped to £1.7 billion.
- The company said they are well positioned for further growth, but have made no change to guidance or targets.
- SYME announced that holders of open offer warrants have elected to exercise 2,190,452 open offer warrants.
- Therefore, the company will issue these shares at £0.00002 nominal value and £1,423.80 will be received by the company.
- SYME shares are trading 2.5% lower on Friday.