Good morning from London where the FTSE 100 has recovered from an early fall, but remains well below last week’s four-month highs with market jitters continuing in Asia.
And there’s plenty going on here in London this morning with ASOS PLC (LSE:ASC) hinting that their profits will be coming in at the low-end of expectations after a weak performance in July and August. The entire retail sector suffered during July from exceptionally rainy weather as you may recall.
Also falling at today’s open was health products maker PZ Cussons (LSE:PZC), which did report revenue growth, but higher costs have left pre-tax profit lower during the year to May. Better news over at the Card Factory (LSE:CARD) though, who report overall resilience in what it calls the “occasions market.”
Engineering giant Smiths Group (LSE:SMIN) reported a record rise in operating profit for the year to July, as demand was buoyed by decarbonisation trends.
And in small caps AIM-listed Supreme PLC (AIM:SUP) shares are up today as the vaping specialist told shareholders it had enjoyed its best ever start to a year, in spite of growing calls for the ban of both single-use and flavoured vapes.
