Investing.com -- Here is a summary of regulatory releases from the London Stock Exchange on Wednesday, 20th November. Please refresh for updates.
- Retailer Kingfisher (LON:KGF) said like-for-like sales fell 3.7% in the third quarter, citing ongoing problems at its French Castorama and Brico Depot operations.
- Insurer Aviva (LON:AV) said it will sell its Hong Kong joint venture Blue to its partner Hillhouse, and is in talks to sell its operations in Vietnam and Indonesia too.
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- Software provider Sage Group (LON:SGE) said it expects recurring revenue growth of 8%-9% in the year through next September, down from just under 11% in the past 12 months. It expects an operating margin of around 23%, down fractionally from 23.7% in the year just ended.
- Sage also said it expects to return 250 million pounds to shareholders after completing the disposal of its Sage Pay unit.
- Caterer SSP (LON:SSPG) announced a share buyback of up to 100 million pounds after posting full-year results that showed a 12% rise in currency-adjusted underlying operating profit to 221 million pounds through September.
- SSP said it planned to enter into three new markets in the coming year.
- CEO Simon Smith said "the new financial year has started in line with our expectations and, whilst a degree of uncertainty always exists around passenger numbers in the short-term, we continue to be well placed to benefit from the structural growth opportunities in our markets and to create value for our shareholders."
- The group is largely dependent on tourist spending.
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