Daily Stock Market Report (Thur 9 Jan 2025) - HAT, GRG, MRK, IPX, BME, TSCO, MKS
Good morning! The newswire has now officially come back to life.
1pm: this report is finished! I'll hopefully get something from the backlog covered for tomorrow.
Analyst Roundtable: last night's webinar with Ed, Megan and me is available on replay here.
Spreadsheet accompanying this report (updated to 3/1/2025).
Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)Tesco (LON:TSCO) (£24.8bn)Q3 amp; Christmas TU‘Biggest ever Christmas’ and largest market share since 2016. Sales +3.1% over Q3 + Christmas.AMBER/GREEN (Graham)Marks and Spencer (LON:MKS) (£7.6bn)Christmas TU“Another good Christmas”. LfL rev +8.9% (food), +1.9% (clothing). Confident of further progress.AMBER/GREEN (Megan)Unite (LON:UTG) (£3.9bn)Q4 TUStrong demand and increased rental for 2025/26 academic year. Guidance confirmed.Bamp;M European Value Retail SA (LON:BME) (£3.5bn)Q3 TUNarrows adj. EBITDA guidance to £620m-650m (prev: £620m-660m).AMBER (Graham)Greggs (LON:GRG) (£2.7bn)Q4 TUSlower Q4 sales, but full year revenue and profits in line with board expectations. AMBER/GREEN (Megan)Assura (LON:AGR) (£1.2bn)Q3 TURent roll slightly down, but disposal programme on track with net proceeds of £48.4m.Hilton Food (LON:HFG) (£804m)TU2024 results in line with expectations. Confident for 2025. FX...