Three things you need to know as the UK financial markets open, from Tony Cross.
#1. Losses continue to fall for next gen products at Imperial Brands
Full year results are out from Imperial Brands LON:IMB this morning with the company noting a 0.2% decline in revenues but a 4.5% jump in profits. The note highlights aggregate market share gains across key sectors and shareholders are being rewarded with a 4.5% uptick in dividends, too. Management are positive over the outlook, anticipating low single digit growth in 2025 with losses in next generation products continuing to abate. The already announce share buyback plan continues unabated.
#2. Bumper H1 revenues but Manolete tips to a loss
AIM-listed insolvency specialist Manolete Partners LON:MANO has this morning published interim results. Realised revenues for the period were the highest ever at £15m, up 60% YoY, although a number of factors including rising costs mean that the business tipped to a pre-tax loss of £0.2m.
#3. Informa sees significant potential for event growth in IMEA region
B2B events coordinators Informa LON:INF have a 10 month trading update out today, noting a strong year to date performance, with momentum for FY25 also being reported as good. Underlying revenues are up by more than 10% and the company remains on track to meet previously upgraded full year guidance. Forward bookings and subscription renewals are also reported as being solid, with management also noting the high growth potential for live events that exists across Indian and the Middle East, something that it feels well placed to take advantage of.
