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. Marked revenue growth from Coca Cola HBC as strategy shift pays off
Q1 numbers are out from Coca Cola HBC LON:CCH this morning with the company noting 10.6% revenue growth on a like for like basis. However despite the fact this momentum is seen as sustainable, there’s no change to the full year outlook with management noting that broader macroeconomic challenges as being likely to persist.
2. Guidance reiterated by Taylor Wimpey
Housebuilder Taylor Wimpey LON:TW. issued a trading statement ahead of the company’s AGM, noting that the spring selling season is unfolding as had been predicted, enabling full year guidance to be reiterated in terms of completions. Management also reiterated the fact that margins in H1 are still expected to be squeezed as a result of pricing pressures.
3. Profits beat forecasts at Barclays, impairment charges up 20%
Q1 numbers from Barclays LON:BARC this morning painted an encouraging picture with profits landing around 10% ahead of analyst expectations, whilst RoTE posted a significant reversion, advancing to 14%, up from 7.5% in Q4 ’24. Notably however, credit impairment charges were also materially higher than was posted in the previous quarter and with market volatility expected to remain elevated off the back of tariff tensions, this is a theme that could well prevail for a while longer yet.
