Market News and Views
The FTSE 100 is called to open flat this morning as investors prepare for the start of the US FOMC meeting and US elections. Overnight news saw both Australia and India raise interest rates by a quarter point to curb inflation due to strong growth. However, early focus will be on the raft of UK corporate earnings statements from companies which may help provide some direction.
Today's Company announcements
Lloyds Banking Group IMS reports that it has continued to make good progress in Q3 as it continues to deliver against the guidance provided at the Interims. Core income growth, margin improvement, integration savings, funding progress and Balance Sheet all remain on target adding that this gave it confidence that it will deliver a good financial performance in the current year.
Imperial Tobacco Final Results saw adjusted PBT up 10% to £2.47bn on revenues ahead 6% at £28.2bn. The dividend is raised 15% to 84.3p but cigarette volumes fell just over 4% to 308.7bn and said to continued to focus on cost cutting.
BP Q3 Results saw a headline replacement cost profit of $1.8bn despite an additional pre-tax charge of $7.7bn in respect of the Gulf of Mexico spill. Total revenue in the period rose 10% to $74.65bn.
BG Q3 Results saw net profits of $849m on total oil and gas production of 56.4m barrels. Total revenue rose nearly 22% to $4.41bn in the period.
Reckitt Q3 Results saw better than expected profits and sales underpinned by developing markets and new products and set new targets for 2010.
Aviva Q3 Results saw new business sales up 6% in the first 9 months of the year and added that it was 'on track to deliver strong profitable growth and outstanding cash generation for the 2010 full year'.
360investgroup
Imperial Tobacco Final Results saw adjusted PBT up 10% to £2.47bn on revenues ahead 6% at £28.2bn. The dividend is raised 15% to 84.3p but cigarette volumes fell just over 4% to 308.7bn and said to continued to focus on cost cutting.
BP Q3 Results saw a headline replacement cost profit of $1.8bn despite an additional pre-tax charge of $7.7bn in respect of the Gulf of Mexico spill. Total revenue in the period rose 10% to $74.65bn.
BG Q3 Results saw net profits of $849m on total oil and gas production of 56.4m barrels. Total revenue rose nearly 22% to $4.41bn in the period.
Reckitt Q3 Results saw better than expected profits and sales underpinned by developing markets and new products and set new targets for 2010.
Aviva Q3 Results saw new business sales up 6% in the first 9 months of the year and added that it was 'on track to deliver strong profitable growth and outstanding cash generation for the 2010 full year'.
360investgroup
