The African mobile telco company found itself at the top of the FTSE-100 on Friday morning as bargain hunters moved in following Thursday’s rout. Full year results showed a growing user base but profits falling and currency headwinds taking a toll. After yesterday’s 8.4% decline, the Airtel Africa share price was trading almost 3% higher early in Friday’s trade.
Another story of markets moderating to yesterday’s initial reaction was seen from the fashion and homewear retailer Next. A strong start to the year, believed to be a consequence of warmer weather encouraging shoppers to bring purchases forward, was outlined in yesterday’s trading statement, boosted Q1 performance and left the company to increase full year guidance. However, with concerns that the sales uptick will result in downside pressure in Q2, investors appear to have been reassessing the optimism here. The Next share price was down around 1% in early trade on Friday.
Shares in the building supply company Travis Perkins received a boost on Friday morning after the company confirmed the appointment of a new CEO. Gavin Slark will join no later than the start of 2026 and has significant sector experience, including working as the CEO of The BSS Group for five years before it was acquired by Travis Perkins. The Travis Perkins share price was trading around 6% higher before 9am.
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