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. Lloyds Banking Group sees NIM and impairments both up
Q3 numbers from Lloyds Banking Group LON:LLOY were out this morning. RoTE came in at 11.6% – a figure that would have been materially higher had it not been for the motor finance charge. Impairments are notably higher against the same point last year but net interest income continues to build and is 6% higher for the first nine months against the position a year ago.
2. Room rate growth moderates at IHG
Hotel operator InterContinental LON:IHG posted Q3 numbers this morning. RevPAR – Revenue per Available Room – growth is moderating, with the marked advance seen in EMEAA in H1 abating slightly, although downside pressures on price in China are also moderating.
3. Q3 price growth bolsters margins at Unilever
The consumer goods company Unilever LON:ULVR recently advised that the US government shut down would delay plans to spin off its ice cream business, but today’s update shows something to cheer with sales growth 3.9% driven by price as much as volume, news which continues to bolster margins. The full year outlook has been reiterated.
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