Maitland/AMO Morning Monitor – 3 October 2018
What really matters... COVID-19
The FTSE is set to open up. The German DAX and French CAC opened down.
The Japanese Nikkei 225 index is down 0.7%, while the Hang Seng index in Hong Kong is down 0.2%.
Stock market moves
In other news
- May under pressure from Cabinet to set departure date
- Amazon set to boost UK worker wages
- May to freeze fuel duty
Corporate announcements* Maitland Client
Tesco PLC Interim Results 2018/19
- Revenue increased to £31.7bn (2017: £28.3bn).
- Operating profit decreased to £819m (2017: £876m).
- Diluted EPS decreased to 4.37p (2017: 5.13p).
- Dave Lewis, CEO, said: “We have made a good start to the year. The step up in Q2 is driven mainly by the UK & ROI and delivers our eleventh consecutive quarter of growth. At the same time, we have made further strategic progress. We completed our merger with Booker in March and are delighted with performance so far. We announced a strategic alliance with Carrefour in July which goes live this month. And we are now more than half-way through the biggest own brand re-launch in our nearly 100-year history, including a significant investment in over 300 new ‘Exclusively at Tesco’ products at market-leading prices.”
- Announces the successful pricing of the initial public offering of its ordinary shares at £19.00 per Share.
- Based on the Offer Price, the market capitalisation of the Company will be approximately £4.33bn at the commencement of conditional dealings on the Main Market of the London Stock Exchange.
- Dr Andy Palmer, President and Group CEO, said: “Today’s listing on the London Stock Exchange represents a historic milestone for Aston Martin Lagonda. We are delighted by the positive response we have received from investors across the world and are very pleased to welcome our new shareholders to the register. We are excited about the momentum across the company and are fully focused on continuing to deliver our exciting growth strategy through the Second Century Plan.”