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Three Quick Facts: THG, Prudential, Dewhurst


Three things you need to know in the financial markets at today’s UK open, from investment writer Tony Cross.

#1. THG extends partnership with Frasers

British e-commerce play THG LON:THG has issued a trading update ahead of today’s AGM. This notes good progress being made across all pillars and a third consecutive quarter of revenue growth at the group level. The company has also confirmed that it is in partnership talks with Frasers Group covering several areas and including the sale of its Coggles brand.

#2. Prudential announces $2bn share buy-back

Prudential LON:PRU has published a capital management update this morning, including news of a US$2 billion share buyback program to be completed over the next two years, adding that progress towards the 2027 financial objectives will pave the way for further returns to be made, too. Dividend policy remains unchanged and management note that this should increase at 7-9% a year.

#3. Dewhurst interims show modest revenue growth

Engineering firm Dewhurst LON:DWHT published interim results this morning noting group revenues and EPS both up by 2%, whilst pre-tax profits dropped 3%. The balance sheet remains strong and an interim dividend of 5p per share has been called, marginally higher compared with the position a year ago.

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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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