The FTSE 100 and 250 indices head in opposite directions amid panic over Brexit developments. Dominic Raab’s resignation as Brexit Secretary has triggered a sell-off in the pound and hurt the domestically-focused FTSE 250, down 0.7% to 18,772.
In contrast, the more internationally-focused FTSE 100 rises 0.5% to 7,069, helped by strength in the mining sector amid hope that trade tensions will ease between the US and China.
UK parcel and letter revenues were down 1% as parcel volumes rose but letter volumes fell due in part to the new restrictions on personal data which hit marketing mail.
The international business did better with revenues up 9% but higher costs including wages pushed operating profit down.
The company has already hit its full-year sales target and expects profits to be at record levels but Brexit uncertainty continues to hold back buyers.
Its sales hit £282m in the third quarter on strong demand for its DB11 variants and the first full quarter of production for the Vantage model.
The company now expect to achieve sales at the top end of its stated range of 6,200 to 6,400 units. Investors seem unimpressed, sending the shares down 6% to £15.15 leaving them 20% below their IPO price.
Revenues grew by 5% to £243m driven by a 14% increase at the aerospace division thanks to increased output of the LEAP engine programme.
Growth is expected to slow in the final two months of the year as the comparison with last year is tougher but the company has at least kept its targets.
The shares gain 1% to £66.65 although the company warned that visibility is limited due to the short-term nature of its order-book.
With Christmas just over a month away sales should accelerate but investors seem unmoved and the shares drop 1% to 192p.
The company cites big releases such as the latest ‘Mission Impossible’ film and ‘Venom’ as driving US receipts while in Europe audiences lapped up ‘Bohemian Rhapsody’ and the second instalment of ‘Mamma Mia!’.
Despite this investors send the shares down 6% to 279p.