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UK pre-market stocks update – Coronavirus, BHP, Frasers, Dunelm, Jupiter

Stock Markets8 hours ago (Dec 13, 2021 07:40)

© Reuters

By Samuel Indyk

Investing.com – At 07:37GMT, FTSE 100 futures are trading higher by 0.2% at 7243.

In FX markets, GBP/USD is trading at 1.3228, EUR/GBP is trading at 0.8535. The US Dollar Index is up 0.2%.

Today’s calendar highlight is the OPEC monthly report in a busy week for central banks including rate decisions from the Bank of England, Fed, ECB, and BoJ.

Coronavirus

The UK moved its COVID alert level to level 4 from level 3, with UK PM Johnson warning that a “tidal wave is coming”. UK Health Secretary Javid warned that the Omicron variant is spreading at a “phenomenal rate”.

Stocks

BHP Group (LON:BHPB) – Discussions with Wyloo Metals regarding Wyloo Metals’ potential support of BHP Lonsdale’s CAD 0.75 per share offer to acquire Noront Resources have ended. Wyloo has instead raised its offer for Noront to CAD 1.10 per share, 47% higher than BHP’s offer.

Dunelm (LON:DNLM) – Chief Financial Officer Laura Carr to leave role. A search for Carr’s successor is being initiated and the Board will update as appropriate. Carr is expected to remain in the role until June 2022.

Royal Mail (LON:RMG) – Absence levels are almost double those seen in 2018 before the coronavirus pandemic. A source described the situation as “much worse than a normal Christmas”. (BBC)

Frasers (LON:FRAS) – To commence a £70 million share repurchase programme from today.

Capita (LON:CPI) – Revenue growth of 0.6% in 11 months to November 30th to £2.882 billion. FY 2021 net debt expected to be broadly flat vs half year, as previously guided.

Jupiter Fund Management (LON:JUP) – Hired bankers to advise it as prospective bidders are reportedly considering approaches. (Sky News)

Capricorn Energy (LON:CNE) – Company name of Cairn Energy has changed to Capricorn Energy as of today. The LSE ticker will remain CNE.

Homeserve (LON:HSV) – Entered into an agreement to sell to Piedmont Natural Gas the book of policies built during the two companies’ affinity partner relationship, which will come to an end in April 2022.

Oxford Biomedica (LON:OXB) – Signs Licence & Supply Agreement with Arcellx for LentiVector Platform for CAR-T Therapeutics. Under the terms of the LSA, Oxford Biomedica will receive payments related to the development and manufacturing of lentiviral vectors for use in clinical trials. Separately, Oxford Biomedica has agreed an extension and update to its commercial supply Agreement with Novartis for the manufacture of lentiviral vectors for several Novartis CAR-T products.

Quilter (LON:QLT) – Repurchased £325 million of shares under current authorised £375 million share repurchase programme. 

Vertu Motors (LON:VTU) – Announces the acquisition of the entire issued share capital of Farmer & Carlisle Holdings Limited which operates two Toyota dealerships in Loughborough and Leicester. The share capital was acquired for cash consideration of £9.2m (including £0.9m net cash acquired and subject to finalising completion accounts) and has been funded from the Group’s existing cash resources.

Amigo Holdings (LON:AMGO) – Proposing two schemes of arrangement, a ‘New Business Scheme’ which is contingent on new lending restarting and Amigo completing a successful equity raise, and a ‘Wind-Down Scheme’, which involves the managed wind-down of the Amigo Loans Ltd business under a Scheme framework. If both options are approved they will be submitted to the Court for sanction, with the ‘New Business Scheme’ to be the preferred option. The Court convening hearing for the Scheme is listed for 16 February 2022.

eve Sleep (LON:EVEE) – On-course to deliver a second consecutive year of revenue growth, in-line with market expectations. UK e-commerce channel achieved sales order growth in the Black Friday month of 4% year-on-year and 64% when compared to the pre-covid 2019 comparative period.

SThree (LON:STEMS) – Group net fees for the full year up 19% YoY. Third consecutive quarter of over 20% growth with Q4 net fees up 25% YoY. Contractor order book up 43% YoY. Mark Dorman will be stepping down from the Board and as CEO of the Group on 31 December 2021. Timo Lehne, currently the Senior Managing Director of SThree’s largest region, DACH (Germany, Austria and Switzerland), will be appointed Interim CEO.

UK pre-market stocks update – Coronavirus, BHP, Frasers, Dunelm, Jupiter

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