Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Coca Cola sees strong revenue growth seen against small volume uptick
Coca Cola HBC LON:CCH has a Q3 trading update out today, noting another strong trading period. Revenues are up by 15.3% against volume growth of just 2.2%. Average organic revenue growth targets have been adjusted marginally higher and organic EBIT growth is set to be between 9% and 12% for the full year.
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- UK Stock Market News: Barclays, Unilever, Coca-Cola
#2. Oxford Nanopore: Apple lauds benefits of UK tech
Oxford Nanopore LON:ONT has this morning noted that Apple showcased its DNA sequencing technology as a companion platform that can run on Apple devices equipped with the new M3 chips. Applications are seen for scientific research, healthcare, agriculture and industry. Anyone with an M3-enabled Apple product, including the Macbook Pro™ and iMac™, will be able to access the same high-definition sequencing data with the MinION or P2 Solo alongside their Apple device.
#3. Will BP’s Q3 earnings miss spook the market?
Q3 numbers from the oil giant BP LON:BP. disappointed this morning, missing analyst estimates by around 20%. A $540m impairment relating to wind turbine projects in the US was booked and the outlook is mixed too. There’s an expectation that oil prices will be supported by OPEC+ quota action although current market conditions don’t reflect that position and rising margins are also expected to be squeezed.
