The FTSE-250 listed industrial and electrical products provider published half year results this morning and despite a challenging trading period, the numbers clearly gave investors something worth cheering. The stock had been struggling for the last six weeks or so and today’s print showed flat revenues but operating profits down 13%, although better than expected results in terms of cost control were evidenced, something that has contributed to an improved cash position. With a modest 2% increase in the interim dividend too, the RS Group share price is sitting around 8% higher in early trade.
The telecoms giant also issued interim results this morning but these left investors cold after challenging trading conditions were attributed to a drop in revenues for the company. That’s resulted in a lower growth outlook for the full year, but management noted that the impact of cost transformation post 2026 would drive EBITDA growth. The BT share price was just over 5% lower an hour into the day.
Shares in the aero engine manufacturer may have jumped yesterday in the wake of Trump’s re-election to the White House, but the upside is looking to be short lived. The publication of a trading update earlier this morning reiterated headline guidance but analysts have highlighted that an engine flying hours metric has come in at the lower end of forecasts. This has seen the Rolls Royce share price soften a little in early trade, reversing Wednesday’s gains and sitting around 4% lower.
Headlines we expect tomorrow
Vistry Group Trading Update
This time last year Average weekly sales 0.6, Forward order book £4.3bn
International Consolidated Airlines Group Q3 Results
This time last year Revenue €22.2bn, Operating profit €3bn, Operating margin 13.5%
