Highlights in the bank’s full year earnings published this morning may have included record profits, a bumper dividend payment and another round of share buybacks but critically investors were focussed mainly on the Q4 performance and write downs attached to a stake in a Chinese bank. Shares were off around 7% in early trade.
The European focused Lithium miner has this morning published an updated estimate of reserves for its wholly owned project in Germany. A 445% uplift in the mineral resource estimate has been noted, making it the second largest hard rock lithium project in the EU, highlighting both its scale and strategic importance. Shares in the company were up 41% by mid-morning adding around £10m to the company’s market cap as a result.
Another set of full year results, this time from BAE Systems and again despite a growing order backlog plus earnings coming in ahead of guidance, investors were evidently less than impressed with at least some opting to take profits rather than ride the curve any higher. Shares were down around 3% by mid-morning.
Headlines we expect on Thursday:
Lloyds
Banking Group final results
Rolls
Royce final results
