The AA says it is likely to deliver lower-than-expected annual earnings as it prioritises investments in the business that CEO Simon Breakwell insists are vita” to the company’s long-term success.
The main earnings news this morning is Lloyds with a chunky +24% profits hike
Lloyds Banking Group marked 2017 as the year it returned to full private ownership on Wednesday by treating its shareholders to a £1bn share buyback after announcing a 24% rise in full-year profit before tax
AccorHotels, has delivered a 10.1% rise in like-for-like operating profits for 2017, helped by cost controls and strong demand most of its’ key regions. The figures were above company guidance and broker forecasts.
Holiday hangover? On the first day of trading after US bank holiday, a deflated performance as the three major market indicators broke their six days of session gains closing lower on Tuesday.
A rash of big FTSE 100 names – HSBC, InterContinental Hotels Group and BHP Billiton – all saw big chunks taken out of their share price mid-afternoon