The parent company of serviced office brands including Regus, International Workplace Group - or IWG - published H1 results this morning. Despite showing record revenues and announcing news of an increased share buyback, the stock has been under pressure in early trade. One key weakness was revised guidance for the full year which saw news that EBITDA was likely to post at the lower end of the previously stated range, given further investments that have been made in growth. Whilst revenue increases have been modest, the margin growth also looks notable but that aside, the IWG share price was 15% lower in early trade.
Despite miner BHP posting some impressive production numbers this morning alongside full year results, profits were squeezed with sluggish Chinese demand for iron ore being seen as a key drag. However, whilst the dividend was trimmed, the reduction here was less than had been expected and management are confident that demand from both the Indian and Chinese markets will remain buoyant. Shortly after the open, the BHP share price was trading almost 2% higher.
The sports nutrition and wellness brand Applied Nutrition provided a full year trading update and FY26 outlook this morning. The company has a market cap of over £300m and has noted that thanks to a strong second half performance, group revenues for the year are expected to be above forecasts, whilst the cash position will be improved, too. The company which only came to market last October has exceeded the guidance given pre-IPO and the Applied Nutrition share price was up more than 9% by 8.45am, pushing back towards the debut price of 150p.
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