Full year numbers from the polymer production company Victrex were released today and the market assessment appears to be that this could have been a whole lot worse. Sales volumes increased 12% but revenues barely budged, underlining the drag some of the company’s operations are experiencing. However, investors seemed to take cheer from the fact that the dividend is being maintained and some £10m worth of cost savings have been identified, too. The positive reaction is also notable given the underlying conditions appear set to remain challenging at least in the short term. The Victrex share price was 6% higher in early trade.
Full year results are out from travel agency On the Beach this morning with another record breaking print for total transaction volumes, adjusted profit before tax is 20% higher and a further 150bps of margin improvement was recorded. The full year dividend has been increased by one third and winter bookings are 15% ahead of the comparative but there’s no suggestion if the company is being hampered by the later booking phenomena seen elsewhere. Summer ’26 bookings are already 8% ahead. The On the Beach share price was up almost 15% shortly after the open.
The AIM listed oil and gas development company issued an update this morning regarding its Dhube-1 project in Alaska. The drilling here has cost significantly more than had been expected as a result of seeking improved sampling, but management state that this still represents value, especially once inflationary pressures are accounted for. The Pantheon Resources share price was down 23% by 8.45am.
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FINAL RESULTS FOR YEAR ENDED 30 SEPTEMBER 2025 - - On The Beach Group (OTB)
