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    AV.   GB00BPQY8M80

AVIVA PLC

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Delayed London Stock Exchange  -  11:35 2022-07-01 am EDT
401.60 GBX   +0.07%
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UK stocks end higher; Pets at Home tops midcaps

05/25/2022 | 12:39pm EDT
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain

(Reuters) - UK stocks rose on Wednesday as investors' mood steadied after a bruising previous session, while pet supplies retailer Pets at Home topped midcap stocks after posting upbeat corporate earnings.

The blue-chip FTSE 100 index was up 0.5%, with commodity majors providing the biggest boost.

Glencore Plc gained 0.3% after the global miner said it anticipates paying up to $1.5 billion to settle accusations of bribery and market manipulation.

Power company SSE Plc climbed 5.7% after reporting a surge in annual profit and saying it was investing significantly more than it was making in profit to help reduce dependency on imported gas.

Its stock shed almost 8% on Tuesday, hit by a report that the British government is planning windfall taxes on power generators.

Retailer Marks & Spencer recouped early losses to end 4.8% higher, despite joining rivals in warning about the outlook for the current year and saying it will pull out of Russia.

Online supermarket and technology group Ocado Group inched 0.6% higher, after falling to the bottom of the FTSE early in the session, as Ocado Retail slashed its growth outlook in a move that also put pressure on shares of rival chains Sainsbury and Tesco.

"Ocado is going to struggle because their costs rest disproportionately on transport and logistics compared with a traditional retailer," said David Madden, market analyst at Equiti Capital.

"Costs are probably going up at a higher rate than they're increasing prices to the end consumer, and their margin is going to be squeezed."

The mid-cap index added 0.4%, with Pets at Home topping gains with a 13.2% jump after reporting annual results.

Overall, a surge in commodity prices has helped the commodity-heavy FTSE 100 outperform in 2022, although growing worries about a recession has sent the domestically focussed midcap index down over 15% this year.

(Reporting by Sruthi Shankar and Amal S in Bengaluru; editing by Uttaresh.V, Aditya Soni and David Evans)

By Sruthi Shankar


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AVIVA PLC 0.07% 401.6 Delayed Quote.-25.63%
FTSE 100 -0.01% 7168.65 Delayed Quote.-2.92%
GLENCORE PLC -4.53% 424.95 Delayed Quote.13.34%
MARKS AND SPENCER GROUP PLC 1.51% 137.55 Delayed Quote.-40.56%
NATIONAL GRID PLC 2.00% 1073 Delayed Quote.1.25%
OCADO GROUP PLC 4.20% 814 Delayed Quote.-51.49%
PETS AT HOME GROUP PLC 0.91% 310 Delayed Quote.-33.33%
SSE PLC 3.81% 1677.5 Delayed Quote.1.73%
TESCO PLC -0.27% 254.8 Delayed Quote.-12.11%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) 2.08% 55.25 Delayed Quote.-27.77%
All news about AVIVA PLC
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06/29TRANSCRIPT : Aviva plc - Shareholder/Analyst Call
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06/28AVIVA : global websites
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06/28AVIVA : Shareholder update - June 2022
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Financials
Sales 2022 32 870 M 39 543 M 39 543 M
Net income 2022 1 195 M 1 438 M 1 438 M
Net Debt 2022 - - -
P/E ratio 2022 9,95x
Yield 2022 7,86%
Capitalization 11 217 M 13 495 M 13 495 M
Capi. / Sales 2022 0,34x
Capi. / Sales 2023 0,32x
Nbr of Employees 22 062
Free-Float 99,4%
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Technical analysis trends AVIVA PLC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 401,60 GBX
Average target price 497,45 GBX
Spread / Average Target 23,9%
EPS Revisions
Managers and Directors
Amanda Blanc Chief Executive Officer & Executive Director
Mark George Culmer Non-Executive Chairman
John Cummings Chief Information Officer
Nitinbhai Babubhai Maganbhai Amin Chief Operating Officer
Michael Mire Independent Non-Executive Director
Sector and Competitors
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