Daily Stock Market Report (Wed 22 Jan 2025) - STB, BKS, EZJ, JDW, HEAD, LGB
Good morning! What are the chances of another day without any profit warnings, mishaps, or unwanted surprises?
Update at 7.30am: it looks like we have possibly started a streak of days without any profit warnings!
1pm: thanks for dropping by, see you tomorrow!
Spreadsheet accompanying this report (updated to 17/1/2025)
Name (Mkt Cap)RNSSummaryOur view (Author)Intermediate Capital (LON:ICG) (£6.2bn)TU$22bn raised in 12 months, 2x 2023. Fee-earning AUM +2.8% QoQ to $71bn.easyJet (LON:EZJ) (£3.9bn)TUQ1 LBT of £61m, improved vs LY. ASK capacity +11% YoY. Holiday profit +39%. FY25 outlook in line.AMBER/GREEN (Roland)A solid Q1 update suggesting cont’d progress in FY25.Quilter (LON:QLT) (£2.2bn)TUCore net inflows £2bn in Q4, £5.2bn for the year.J D Wetherspoon (LON:JDW) (£747m)TUH1 LfL sales +5.1%. LfL sales for main Christmas period +6.1%. Labour-related costs to rise £60m.AMBER (Graham)Downgrading this as I'm not sure it has enough of a profit margin (after interest costs) to absorb higher NICs from April.LBG Media (LON:LBG) (£261m)Full-year ResultsAhead of exps for 2024 and positive Q1 for FY Sep 2025 gives confidence for new financial year.AMBER (Graham)US expansion provides...