The FTSE 100 opens up a handful of points following impressive performances overnight on Wall Street and in Asia.
Twinings tea maker and Primark owner Associated British Foods (ABF) sheds 2% to £32.77 despite growing revenues by 15% in the 52 weeks to 16 September. The company also hikes its dividend by 12% to 41p per share. Investors perhaps disappointed by a reference to an impact from lower EU sugar prices.
FTSE 100 security company G4S (G4S) drops 4.4% to 267.35p after warning revenue will be weaker than expected. The company’s CEO Ashley Almanza says that all regions are growing apart from the Middle East and India.
Cigarette maker Imperial Brands (IMB) puffs up 33p to £31.23 on revealing its results for year ending 30 September. The company’s revenues and operating profit are up 9.5% and 2.2% to £30.2bn and £2.3bn respectively, helped by currency movements.
Household goods maker UP Global Sourcing (UPGS) ticks up 6.8% to 94p after revealing it has increased revenues by 39.1% for year ending 31 July. The company’s pre-tax profit is up 18.7% to £7.4m.
Soft drinks company Fevertree (FEVR:AIM) fizzes up 10.9% to £21.75 after saying it will finish the year well ahead of market expectations.
Irish industrial support services company DCC (DCC) gains 2.1% to £74.45 on news that has made its first foray into the US energy market. The company has acquired Retail West’s liquefied petroleum division for $200m.
Windows and door industry supplier Tyman (TYMN) falls 4.8% to 335p after announcing that its underlying pre-tax profits will be below market expectations for the year. This is due in part to increased input costs.
