Investing.com -- Here are the highlights of the regulatory releases from the London Stock Exchanges on Tuesday, 5th November.
- That clouded a slightly better-than-expected results at the underlying level for its full fiscal year through September, thanks to a strong performance from the fashion chain and translation gains on foreign currency earnings.
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- Heavy equipment supplier Weir Group (LON:WEIR) cut its outlook for 2019 after taking a 20 million pound restructuring charge in an oil and gas division struggling with cutbacks in expenditures by drillers in the U.S. shale patch. Orders for its O&G division fell 32% on the year.
- The company said it had started a 30 million-pound cost cutting program at the oil and gas division, where it expects profits to fall further in the fourth quarter.
- Weir’s mining division performed more strongly, most notably with a 100 million pound order for an iron ore project in Australia.
- Like-for-like orders were unchanged on the year in Q3, while orders from continuing operations were up 4%. The group said its guidance for the non-O&G operations was unchanged.
- Wizz Air (LON:WIZZ) said passenger traffic rose 21.3% on the year in October while the load factor rose to 95.3% from 94.0% a year earlier. On a rolling 12-month basis, passenger numbers were up 16.3%.
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