Daily Stock Market Report (Fri 25 April 2025) - PIN, EVOK
Good morning! We've reached the end of this four-day week.
I see that the Samp;P 500 is now only down by 5% year-to-date. A couple of weeks ago, it was down 15%. I'll chalk this up as a win for buy-and-hold!
President Trump has said that the current 145% tariff on China "will come down substantially - but won't be zero". I have my fingers crossed for a major U-turn by Trump, under pressure from many of his own supporters.
Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)WPP (LON:WPP) (£6.0bn)Trading UpdateGuidance reiterated. Q1 revenue less pass-through costs -2.7% LfL. Full-year guidance flat to -2%.Pantheon International (LON:PIN) (£1.26bn)Monthly Performance Update£20m of share buybacks so far, £50m allocated. NAV per share 501.2p, down 0.5% for the month.GREEN (Graham holds)There's a small drop in NAV per share caused by currency movements. I've become a huge fan of this in recent months and am open to the idea of adding more.Mobico (LON:MCG) (£362m)Proposed Sale of North America School BusUpfront net proceeds £275-290m. Earn-out up to $70m. FY24 adj. op profit at lower end of guidance.(Graham to do)Evoke (LON:EVOK) (£216m)Trading UpdateQ1...