A good start to the day for the news wholesaler Smiths News, following the publication of full year results. Profits came in ahead of forecasts, shareholders are being rewarded with an increased dividend and management are optimistic over the outlook with hopes that next summer’s World Cup will continue to buoy demand in the “collectables” division. The Smiths News share price was 8% higher shortly after the opening bell.
Full year numbers from the diversified food ingredients and clothing retail company were published today. These presented something of a mixed bag for investors with consumer weakness forcing Primak to trade on the value proposition, but management were optimistic that the decline in EPS is transient and upward momentum will resume in FY26. The key line here however could well be the idea that Primark may be spun off as a stand alone business in order to maximise shareholder value. The ABF share price was little changed in early trade.
The dual listed London/New York gas and oil production company published numbers after the US close, highlighting strong Q3 results which were ahead of forecasts. Leverage debt targets are also being met ahead of schedule, whilst the company also continues to meet ambitious capital allocation plans. The full year outlook has been increased, with adjusted EBITDA $50m-$75m higher and adjusted free cash flow upped by $20m. The Diversified Energy share price was up more than 10% by 8.30am.
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Preliminary Results - - Smiths News (SNWS)
