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. Another set of impressive numbers from Next at half-year point
Retailer Next LON:NXT issued half year numbers this morning and once again the headlines look impressive. Full price sales were 10.9% higher, pre-tax profits added 13.8% and guidance for the full year remains unchanged from numbers posted from the interim trading update. Pre-tax margin improvement of 40 basis points was also recorded.
2. Renishaw full year revenues at record high
Engineering firm Renishaw LON:RSW issued full year results today, headlining with the fact revenues posted a new record and adjusted profits also rose, despite the challenging market conditions. There has been a modest 2.5% uplift in dividends, the balance sheet is looking stronger and FY26 has started in line with expectations. The note adds that adjusted operating margins currently stand at 15.7% and management are targeting a figure of 20% here.
3. Bytes Technology LON:BYIT fares well; management caution over tough comparatives
Bytes Technology group issued a half year trading update noting a resilient performance which was substantially in line with expectations. There’s a strong sales pipeline in place although management do caution that a strong finish to FY25 has presented some challenging comparatives. Net cash at the half year point stood at £82m.
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