Good morning from London where the FTSE 100 is up slightly this morning after a punchy day over in the US yesterday.
The S&P500 rose nearly half a percent yesterday heading into Thanksgiving and let me wish our American friends the very best until they’re back in the market tomorrow.
Back in London though we’ve got updates today from Jet2 PLC (AIM:JET2), PZ Cussons (LSE:PZC), Virgin Money UK PLC (LSE:VMUK). Low-cost leisure airline Jet2 are reiterating their profit guidance this morning but say winter sun bookings are down slightly on the year. PZ Cussons, which is the owner of the Imperial Leather and Carex brands, is having its AGM today. They’re reporting a steady performance here in Britain but robust growth in Nigeria, Australia and New Zealand albeit offset by a dip in Indonesia. And Virgin Money have their full year results out this morning, the headline there is that a rise in bad debts has hit their bottom line.
Putting the FTSE to one side and looking at the small cap space, Technology Minerals are making some progress with their Leinster lithium project in Ireland, and luxury food group Dispensa have parted ways with CEO Alessandro Colombo due to what they call “pressing personal reasons”.
Daniele Besnati is back in as interim chief executive less than two months after handing over to Colombo. That’s all for this morning, but you can keep up with all the latest news right here on Proactive.
