The multi-faceted engineering group Rolls Royce issued a trading update this morning ahead of the company’s AGM. This painted a resilient picture and despite acknowledging the uncertainty that the US tariff policies could pose, management believe that any impact here can be offset by mitigations. The year has started well with strong demand being noted across all divisions. Full year guidance has been reiterated and the Rolls Royce share price was up more than 2% shortly after the bell.
Full year numbers from the operator of the Premier Inn hotel chain were published this morning. These showed a resilient performance and investors appear to have been placated by the idea that despite some pockets of weakness with rising costs and a modest decrease in revenues hitting profits, the group’s trend of sector outperformance can be maintained. Management also had the confidence to launch a new £250m share buy back scheme to be completed over the next 12 months. The Whitbread share price was up 3% in early trade.
Small cap healthcare services provider Totally published a trading update this morning which made for a challenging read. EBITDA is now expected to be significantly lower, there are exceptional costs to account for and historical negligent accounting failings have also been disclosed. The CFO has already leaving the business and a full strategic review has also been initiated. This could result in a number of outcomes, but investors have clearly been left unimpressed. The Totally share price was down by more than 60% in the first few minutes of trade.
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AGM Statement and Trading Update - - Rolls-Royce Holdings (RR.)
