Maitland Morning Monitor – Friday 10 August 2018

10th August 2018

Market Information

The FTSE is expected to open up; the German DAX and French CAC both opened flat.

Asia-Pacific shares took a downturn due to continuing tension between China and the US.

Top Financial Announcements

* Maitland Client

Diageo PLC Diageo Share Repurchase Programme
  • The Company announced the first tranche of its share buyback programme for a value of up to £1.4bn.
  • The Board previously approved a programme to return up to £2bn to shareholders during the financial year ending 30 June 2019. Group PLC* Completion of Acquisition of Decision Technologies
  • The Company confirms the completed acquisition of home communications comparison business Decision Technologies.
SSP Group PLC US$175 million US Debt Private Placement
  • The Group announced the signing of a $175m issue of US Private Placement notes.
  • Proceeds from the notes will be used for the repayment of existing indebtedness, with any remainder being used for general corporate purposes.
Pershing Square Holdings Ltd.* Pershing Square Holdings Ltd. Releases 2018 Semiannual Financial Statements
  • NAV per share increased 6.7%.
  • Net return of 12.7%.