The FTSE-100 listed safety equipment company Halma issued full year numbers this morning which received a somewhat cool reception from the market. Despite earnings breaking above £2.5bn for the first time, revenues adding 15% and a 47th consecutive year of dividend growth above 5%, there was clearly an air of disappointment amongst investors. Revenue growth for FY27 is expected to be slightly lower and whilst margins are set to be maintained there’s still concern over the wider macroeconomic and geopolitical situation. The Halma share price was down 10% in early trade.
It was another surprising market response to full year numbers from low-cost airline Wizz Air this morning. Profits have been hammered and the company has declined to provide guidance for FY27 given the state of affairs in the Middle East but investors still found cause for cheer. The note did reveal that the airline has managed to hedge a significant portion of its fuel prices for the year ahead, whilst also proving its agility in terms of fleet redeployment. The Wizz Air share price was up 4% shortly after the open.
The cyber security and business resilience company NCC issued a note this morning. Back in March the company initiated a strategic review to understand if best value was being delivered to shareholders. Options here included the prospect of a sale of the business but management have concluded that NCC is well placed for the next phase of its development. This accompanies interim results with highlights including revenues up 5% and margins improved by 270bps although pre-tax profits have fallen by a third. The NCC share price was down as much as 6% in early trade although was recovering some of the losses by 8.45am.
Most read news on Investegate this morning
Funding - - Premier African Minerals Ltd (PREM)
Proposed Appointment of Non-Executive Director - - Strategic Minerals (SML)
Sale of public markets division to GGI - - Foresight Group Holdings Limited NPV (FSG)
