Skip to content
 

Three Quick Facts: Lloyds, ScS, Boohoo

*

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

#1. Lloyds profitability bolstered by lower impairments

Lloyds Banking Group [LON:LLOY] published its Q3 earnings this morning, headlining with a RoTE of 16.6 for the period, up from 9.6% a year ago. The company notes an impairment charge for the last three months of £187m – down from £668m for the comparative – and broadly stable credit trends. That reduction in bad debt is seen as having helped boosting profitability over the quarter to £1.85bn, up from £576m a year ago.

#2. ScS results stoic despite macro headwinds

Upholstery and flooring specialists ScS [LON:SCS] have published their full year results to end of July this morning. Sales are broadly flat, but margins have taken a hit of around 1% and this has translated into a big hit on profitability. Clearly the challenging economic backdrop is hampering demand so the fact sales are down by so little is notable. However in light of yesterday’s news of a planned buy out of the business for 270p per share – that’s up significantly from the week’s starting point of 171p – investors will have little cause for concern.

#3. Boohoo: Frasers Group expands holding again

Boohoo group [LON:BOO] has this morning advised that Frasers Group further extended its stake in the company at the end of last week, taking its holding to 16.5% of the total voting rights.

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

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
FP Markets
Pepperstone
WisdomTree
CME Group
Back To Top