Skip to content

Three Quick Facts: BP, Totally, Frontier Developments

*

Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. BP buy back plans extended but challenges ahead

Q1 numbers are out from BP LON:BP. this morning, with a replacement cost profit of $1,606m being reported, up from $1,526m in the previous quarter but well down on the number printed a year ago. The dividend is being held at 7.27c per share and a further $1.75bn share buy back has been announced. The outlook isn’t entirely positive with concern noted over margins and Q2 upstream production expected to fall, too.

#2. Mixed bag from Totally

AIM listed Totally LON:TLY has issued a full year trading update this morning, noting an improved performance against a tough operational backdrop. Revenues are set to be down by more than 25% but the cash position is notably improved from a year ago. Work has also been undertaken to trim overheads.


#3. Games developer Frontier eyes improved full year outlook

Another AIM listed company, video games developer Frontier LON:FDEV has issued a trading update this morning. Coming just a matter of weeks after its last note to the market, management note that recent performance has been upbeat, the board expect FY revenues to be at least £85m and EBITDA for the period to come in above previous expectations – although still posting a loss.

Looking for great investing ideas? Sign up to our free newsletter.

Join us on WhatsApp

This article does not constitute investment advice. Make sure you do your own research or consult a professional advisor.

'How to' Guides

Our latest in-depth company reports

Detailed reviews of selected companies and investment trusts.

On the podcast

Sign up for great investing stock tips

Thanks to our Site Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
CME Group
FP Markets
Pepperstone

TMX
WisdomTree
IG
FxPro
Back To Top