Edison Investment Research

Findel’s AGM statement reports a strong start in the first 16 weeks of the year

Findel is seeing further progress under the management of Phil Maudsley who was appointed CEO in April 2017. It has made a strong start in the first 16 weeks of the year ending March 2019, with total revenue up c 8.5% and both its businesses trading in line with expectations.

Diageo’s full-year results show earnings per share growth of 9.3% to 118.6p

Diageo has shown the strength of its brands and management with earnings per share growth of 9.3% to 118.6p. The business fundamentals are strong with organic net sales up 5.0% and organic volume up 2.5%, and an overall operating margin improvement of 78bps.

OnTheMarket (OTMP); Listing agreements with over 10,000 agent branches

Stock up 1.34% to 166.71p at 8:00

OTMP announced listing agreements with UK estate and letting agents (as of 24 July) with over 10,000 offices; momentum continues to build in support of its property portal (OnTheMarket.com).

YouGov (YOU); FY18 trading update: expected to be ahead of prior expectations for the year

Stock up 2.8% to 495p at 08:20

YOU has announced its pre-close trading statement for the full year ending 31 July 2018. With these results, It achieved strong revenue and operating profit growth.

discoverIE Group (DSCV); 1Q19 trading update: Positive trading momentum continues

Stock up 0.24% to 425.0p at 08:21

DSCV issued a trading update for the first quarter of the financial year ending 31 March 2019, covering the period from 1 April 2018 to 30 June 2018, with sales increasing by 12% CER (and 3% organically) against a strong prior year comparator.

Kape Technologies (KAPE); trading update: adjusted EBITDA up 48% YoY

Stock up 4.56% to 131.75p at 8:01

KAPE has announced its trading update for the six months ending 30 June 2018. It also announced the sale of its non-core Media division to Ecom Online. The company’s adjusted EBITDA for the period grew 48% to $4.3m (H1 2017: $2.9m) and underlying adjusted EBITDA growth from core activities for the period was c.172%.

Law Debenture (LWDB); H1 2018 results: NAV total return of 4.7%, ahead of benchmark

Stock flat at 607.0p at 8:16

LWDB’s NAV total return was 4.7% for the six months ended 30 June 2018, ahead of the benchmark FTSE All Share Index’s total return of 1.7%.

1Spatial (SPA); launch of placing via accelerated bookbuild to raise up to £8m

SPA launched a proposed fundraising of up to £8m (net of expenses) via an accelerated bookbuild, intended towards strengthening the company’s balance sheet, continued customer momentum and share consolidation.

Smith & Nephew (SN); Q2/H1 2018 results: FY guidance reconfirmed

Stock up 4.31% to 1,378p at 8:25

SN’s revenue grew 4% YoY (underlying +2% YoY) in Q2 2018, with established markets returning to growth and emerging markets up 6%. In H1, the company reported revenue growth of 4% YoY (underlying +1% YoY), with operating profit margin down 240bps to 15.3% (primarily due to $58m costs of APEX programme).

Findel (FDL); trades in line with expectation; revenue for the 16-week period up 8.5%

Stock up 2.40% to 299p at 8:12

FDL has reported its trading update for the 16-week period till 20 July 2018 ahead of AGM today. The total revenue increased by 8.5% with all businesses trades in line with board’s expectation.