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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.

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

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