Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
1. Adnams sales down as estate shrinks, off trade outperforms
Adnams [LON:ADB] published interim accounts this morning, noting that the company had made strong progress in terms of paying down debt, although revenues were under pressure. Management note they had however bucked the trend in terms of off-trade sales with the note concluding that the business still has work to do but those lower borrowings are offering confidence.
2. Guidance reiterated at Berkeley
A pre-AGM trading statement from Berkeley Group LON:BKG was released today, noting stable trading for the first four months. Full year profit guidance remains intact and shareholder returns remain largely on track although the note concedes that money returned in the first half of FY26 may be slightly lower due to earlier front loading of previous payments.
3. Can emerging market popularity reverse Ashmore’s fortunes?
Emerging markets asset manager Ashmore LON:ASHM issued full year numbers today, with net outflows exceeding investment performance. Revenues were down 22% and whilst costs were trimmed, this still saw statutory pre-tax profits fall to £108m, down some £20m YoY. With world economic growth tipped towards emerging markets, there is however cause for confidence in the outlook.
