Fevertree Drinks [LSE: FEVR]

We have preliminary full year earnings from Fever-Tree out this morning. Numbers have again advanced and are largely in line with expectations, although the overshoot in revenues against consensus forecasts when EPS was in line may raise a few eyebrows. The release outlines the company’s recent plaudits too, including the fact it’s the number one mixer drink brand in the UK for the off-trade (i.e. non-pubs/bars) channel. That said, with gin sales increasing dramatically in the UK – some 51 million bottles were sold last year – few companies have been “right place, right time” like Fever-Tree.


Legal & General Group [LSE: LGEN]

Interesting news from Legal & General, who have this morning announced they have completed the purchase of the 52% they didn’t already own of CALA Homes. The housebuilder made a pre-tax profit last year of £91.5million and has been valued at £605million – that’s a phenomenal yield but that – and the fact CALA prides itself on being an “upmarket” home builder seems to rather jar with L&G’s commitment to providing affordable living to the UK’s population.

Antofagasta [LSE: ANTO]

The copper mining giant Antofagasta has today published its full year results, showing strong earnings growth and margin improvements. The company’s fortunes are closely aligned with the underlying price of the metals it digs out the ground so market conditions here have flattered the numbers, even as production volumes have dipped lower. That said, the EPS figure, despite improving dramatically, didn’t quite measure up against consensus expectations.

 

Trade shares with our Partners

Broker ISA Account Fund & Share Account SIPP Account Cost Per Trade
Hargreaves Lansdown ISA Account tick Fund & Share Account tick SIPP account tick £11.95* Apply
Saxo Capital Markets - Youinvest ISA Account tick Fund & Share Account tick   £4.99 Apply
AJ Bell - Youinvest   Fund & Share Account tick   £1.00** Apply
AJ Bell - Youinvest ISA Account tick Fund & Share Account tick SIPP account tick £9.95* Apply
* Cost per trade shown as maximum cost per trade. Discounts for active traders may apply
** Transactions at 3pm daily. Immediate trades cost £5.00 on UK shares

Share this story



Market Analyst, Monk Communications
13th March 2018
You may also like: