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. Profits beat expectations at Barratt Redrow
Full year results are out from housebuilder Barratt Redrow [LON:BTRW] with home completions up 18% and revenues almost 34% higher. Adjusted profits before tax added almost 27%, coming in slightly higher than analysts had forecast.
Forward sales are slightly ahead of a year ago and expectations are for completions to breach 17,000 in the year ahead. There are no concerns over build cost inflation and the dividend as proposed would yield an 8.6% improvement in payout to shareholders.
2. Steady revenue growth reported at Moonpig
A trading statement from Moonpig LON:MOON has been released ahead of today’s AGM. The company is reported as continuing to deliver consistent revenue growth of around 10% pa with average order value rising, whilst the outlook is optimistic, too. FY26 EBITDA is tipped to grow at a mid-single percentage rate and free cash flow will fund further shareholder returns.
3. Currency headwinds hamper PZ Cussons but has a corner been turned?
Consumer goods company PZ Cussons LON:PZC issued its full year numbers this morning, noting declines in adjusted revenues and margins, whilst losses ticked higher. Foreign currency headwinds also contributed here but the position is improved once the PZ Wilmar JV is discounted, which the company exited in June delivering a $70m payout and bolstering the cash position. Management note underlying momentum is in evidence, with costs falling and market share gains also noted.
