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. Improving underlying market lays good foundations for Ibstock
Ibstock LON:IBST issued a Q1 trading update this morning. The construction supplier noted improved conditions compared with the same period a year ago and management expect the momentum to continue building as confidence returns – and also they continue to post against weak comparatives.
2. Modest revenue growth at Reckitt, tariff situation seen as immaterial
Q1 number from Reckitt Benckiser LON:RKT are out with like-for-like sales up 1.1% off the back of reduced volumes but supported by higher prices. The company is targeting like-for-like revenue growth over the full year of 2%-4% and for further EPS growth to also be reported. With regard to the tariff situation, current forecasts are that these will be immaterial to the business.
3. Bumper start to the year offers confidence to Croda management
Croda LON:CRDA also issued a first quarter update with group sales up 8% and good progress being reported in the company’s plan to drive sales and margin recovery. Pre-tax profits are noted as being in line with expectations and although management acknowledge the impact of the deteriorating global trade situation, they are maintaining full year expectations off the back of the solid start.
