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. Smiths Group full year numbers beat already upped guidance
Smiths Group LON:SMIN issued full year results this morning with numbers coming in ahead of previously upgraded guidance. On a reported basis, revenues added 6.5% operating profits were 10% higher and a 60 basis point margin improvement was also posted. The FY26 order book is strong with further revenue growth of 4-6% expected in the year ahead and additional margin improvements, too. Increased full year dividend payments have been proposed, too.
2. Kingfisher sees margin growth, ups full year outlook
Half year numbers are out from Kingfisher LON:KGF this morning with sales 0.8% higher but operating profits up 2.1% and with a 100 basis point improvement in margin also being reported. The interim dividend payout is maintained with management highlighting a strong first half and upgrading the full year outlook as a result with profit before tax expected to land at the top end of previously offered guidance.
3. Serco lands £720m US Air Force training contract
Serco LON:SRP advised the market this morning that it had been awarded a training contract with the US Air Force. This has a value of up to £720m over the next five years, with expectations that £45m will be delivered in FY26. Management note that the contract award reflects the company’s growing capabilities in mission simulation, and securing such a deal from the US state given the current climate is certainly note-worthy.
