Sunday, 3 Mar 2024

Pre-market Movers: GDC, ELOX, VOXX, HZNP, CALT…

Helical PLC FY EPRA Profit Rises

Helical PLC (HLCL.L) posted a fiscal year loss before tax of 64.5 million pounds compared to profit of 72.89 million pounds, prior year. Loss per share was 52.6 pence compared to profit of 71.4 pence. EPRA profit increased to 11.5 million pounds from 6.4 million pounds. EPRA earnings per share was 9.4 pence compared to 5.2 pence. Revenue declined to 49.85 million pounds from 51.15 million pounds, last year.

The Board will be recommending to shareholders a final dividend of 8.70 pence per share, an increase of 5.5% on last year. The total dividend for the year will be 11.75 pence, up 5.4% on 2022.

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PHOTOS: Denver Nuggets sweep Los Angeles Lakers in NBA Western Conference Finals – The Denver Post

The Denver Nuggets swept the Los Angeles Lakers in the NBA Western Conference Finals, winning Game 4 113-111 at Arena in Los Angeles on Monday, May 22, 2023. Denver will head to the NBA Finals for the first time in franchise history.

About 1,000 miles away at a Ball Arena watch party, fans cheered and cried watching the Nuggets clinch their first-ever NBA Finals berth.

Topps Tiles H1 Profit Declines; Group Revenue Up 9.3%

Topps Tiles plc (TPT.L) reported that its first-half profit before tax declined to 1.7 million pounds from 5.6 million pounds, prior year. Earnings per share was 0.24 pence compared to 2.10 pence. Adjusted profit before tax declined to 4.4 million pounds from 7.1 million pounds. Adjusted earnings per share was 1.57 pence compared to 2.83 pence.

Group revenue was 130.3 million pounds, up 9.3% from prior year. Topps Tiles like-for-like revenue was up 4.3%.

Topps Tiles stated that like-for-like sales over the first seven weeks of the second half were up 4.1% on an underlying basis.

Looking ahead, Topps Tiles projects profit in second half to increase materially, giving confidence that it will perform in line with current market expectations for the year as a whole.

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Cummins To Buy Faurecia's Two Vehicle Making Plants For EUR 142 Mln

Cummins Inc. (CMI), engines, filtration, and power generation products maker, said on Tuesday that it has inked into a deal with Faurecia, a company of the FORVIA Group, to acquire two of Faurecia’s commercial vehicle manufacturing plants and their related activities for 142 million euros.

Cummins said it intends to finance the transaction in cash.

Cummins expects the transaction, scheduled to conclude by the end of the calendar year, to add major technical and manufacturing resources.

The manufacturing sites are located in Columbus, Indiana the U.S., and Roermond, The Netherlands.

Just Stop Oil protestors clash with motorists as they block three major Londo…

Tower Bridge in London has been locked down by police after angry motorists clash with disruptive Just Stop Oil protesters. One angry workman has been spotted covered in paint pushing protesters back in an attempt to clear the way for a car behind him. At least 45 eco protesters are understood to be marching across three main routes that have taken them over Blackfriars Bridge, London Bridge and Tower Bridge.


Australia Consumer Confidence Plummets On Rate Hike, Budget

Australia’s consumer confidence weakened notably in May to the lowest level since the pandemic outbreak in 2020 as consumers expressed deep pessimism after a surprise rate hike from the Reserve Bank and a mildly disappointing budget, survey results from Westpac showed on Tuesday.

The Westpac Melbourne Institute Index of Consumer Sentiment fell 7.9 percent to 79.0 in May from 78.5 in April.

Further, this was the lowest monthly reading since the pandemic outbreak in 2020.

The survey of 1200 respondents was conducted over four days from May 8 to 11.

The two key developments over the last month have been the surprise decision by the Reserve Bank of Australia Board to lift the cash rate by a further 0.25 percent in May and the Federal Budget, Westpac said.

A high inflation rate and a sharp rise in interest rates have clearly impacted household disposable incomes, resulting in entrenched pessimism, the survey said.

On the other hand, the survey continued to show resilience to labor market conditions and signs of renewed confidence in the housing market.

Among sub-components, consumers’ opinion regarding the economy‘s outlook for the next 12 months worsened in May, with the sub-index falling to 77.3 from 85.4 in April, and that for their own financial conditions fell from 95.5 to 85.8.

The confidence in the outlook for house prices increased markedly in April, as the respective index came in at 144.3 versus 130.3 a month ago.

Pre-market Movers: GDC, ELOX, VOXX, HZNP, CALT…

The following are some of the stocks making big moves in Tuesday’s pre-market trading (as of 07.00 A.M. ET).

In the Green

GD Culture Group Limited (GDC) is up over 39% at $6.07.
Nanobiotix S.A. (NBTX) is up over 15% at $5.42.
United Insurance Holdings Corp. (UIHC) is up over 14% at $4.69.
Redwire Corporation (RDW) is up over 8% at $2.84.
Allego N.V. (ALLG) is up over 6% at $2.33.
Capital One Financial Corporation (COF) is up over 5% at $94.23.
Nu Holdings Ltd. (NU) is up over 5% at $6.40.

In the Red

Eloxx Pharmaceuticals, Inc. (ELOX) is down over 30% at $7.60.
VOXX International Corporation (VOXX) is down over 21% at $9.40.
Horizon Therapeutics Public Limited Company (HZNP) is down over 17% at $92.27.
Calliditas Therapeutics AB (publ) (CALT) is down over 15% at $21.60.
Ducommun Incorporated (DCO) is down over 14% at $41.51.
Ohmyhome Limited (OMH) is down over 11% at $27.36.
Futu Holdings Limited (FUTU) is down over 8% at $39.28.
agilon health, inc. (AGL) is down over 8% at $21.85.
First Watch Restaurant Group, Inc. (FWRG) is down over 7% at $15.75.

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