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. Market uncertainty weighs on Ibstock
A Q3 trading update from the construction materials manufacturer Ibstock LON:IBST was published this morning. An uncertain near term backdrop in core markets has resulted in weaker than expected demand, impacting revenues. H2 adjusted EBITDA is now expected to be similar to the H1 print but management are keen to stress the robust financial position of the business, helped by keen cash management.
2. Tough trading outlook to persist at Hays
Recruiter Hays [LON:HAYS] issued a Q1 update which saw group net fees fall by 8%, with Temp placement volumes recovering as is a typical seasonal trend, whilst longer time to hire ratios are hampering performance in the permanent sector where workflows are showing signs of improvement. Management believes the tough trading will continue through FY26.
3. Dekel Agri-Vision sees marked uptick in cashew production & prices
Agricultural producer Dekel Agri-Vision LON:DKL has provided production updates this morning for the third quarter. There was a close on 50% YoY decline in palm oil production owing to crop shortfalls, so this had the effect of elevating prices. That however was offset to an extent by the company’s cashew operation where volumes are elevated and continue to rise, whilst average sale prices are also on the increase.
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