The FTSE-250 listed luxury watch retailer published a trading update this morning ahead of the company’s AGM, noting a good start to the year with the business on track to deliver against market expectations. Perhaps most significantly, management note that they are expecting no adverse impact from US tariffs in the first half of the year as a result of partners building inventory ahead of deadline dates. The market has cheered the news with the Watches of Switzerland share price up by around 8% in early trade.
The food packaging group Hilton Foods issued interim earnings this morning. Despite significant inflationary pressures on raw materials, the company has seen revenue and margin growth, feeding through to a modest increase in adjusted operating profits on a constant currency basis. Full year results remain on track but markets have failed to warm to the results with disruption in the company’s smoked salmon exports from Europe to the USA coming at a cost. The Hilton Food share price reacted adversely, trading down as much as 16% shortly after the open.
Lithium exploration company Atlantic Lithium released a corporate funding update this morning. Some £28m of finance has been secured to progress its lithium mining project in Ghana, which comes at a critical time for the business. Not only are lithium prices current subdued, but the company is also battling against regulatory delays when it comes to sign offs. The Atlantic Lithium share price added as much as 17% in the first few minutes of trade, although subsequently went on to give back some of those gains.
Most read news on Investegate this morning
M&G plc Half Year 2025 Results - - M&G (MNG)
Corporate Funding Update - - Atlantic Lithium Limited NPV (DI) (ALL)
