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    FAN   GB00BN3ZZ526

VOLUTION GROUP PLC

(FAN)
  Report
Delayed London Stock Exchange  -  11:35:29 2023-02-03 am EST
385.50 GBX   -0.64%
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London stocks subdued; Shell falls

10/06/2022 | 04:50am EST

(Corrects headline, paragraph 1 to remove reference to "profit warning" from Shell)

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FTSE 100 up flat, FTSE 250 adds 0.2%

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Imperial Brands rises on share buyback plan

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Weaker refining, gas trading to hit Shell's Q3 results

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Construction activity improves unexpectedly

Oct 6 (Reuters) - UK's stock indexes were muted on Thursday as a slide in financial shares offset strength in beaten-down consumer and travel and leisure stocks, while Shell said its third-quarter profit would be pressured by falling oil refining margins.

The export-oriented FTSE 100 was flat, while the more domestically oriented FTSE 250 added 0.2% by 0830 GMT in choppy trading.

Consumer stocks were boosted by Ocado and Imperial Brands after the latter announced a 1 billion pounds ($1.13 billion) share buyback programme and said FY22 trading was in line with expectations.

Retailer Ocado rose 2.2% after slumping on Wednesday, while shares of the tobacco company jumped 3.8%.

"There is a sense that some equities have been oversold, providing a chance for opportunistic investors to go bargain hunting", said Victoria Scholar, Head of Investment, Interactive Investor.

"Today's pick-up in risk appetite has bolstered demand for some of the most heavily discounted stocks like Ocado."

Shell slid 4% after the oil major said its third-quarter profits would be pressured by a near halving of oil refining margins, crumbling chemical margins and weaker natural gas trading.

Its peer BP Plc slipped 0.8%.

After weeks of financial turmoil, investors have been taking a breather entering into the new quarter. A Reuters poll now shows analysts projecting the pound to be 3.6% stronger in a year.

"Hawkish central bank policy, dangerously high inflation levels and the potential for a looming recession seems like the final quarter is likely to be another bumpy ride with the possibility for some stocks to outperform", Scholar added.

Fitch, meanwhile, lowered the outlook for its credit rating for British government debt to "negative" from "stable", days after a similar move from rival Standard & Poor's following the government's Sept. 23 fiscal statement.

Activity among British construction companies improved unexpectedly last month, although the outlook darkened as growth in new orders dried up, a survey showed on Thursday.

Volution Group climbed 11.7% after the ventilation products supplier posted strong FY revenue and profit and hiked its dividend. ($1 = 0.8843 pounds) (Reporting by Johann M Cherian in Bengaluru; editing by Uttaresh.V)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / BRITISH POUND (AUD/GBP) -0.55% 0.57534 Delayed Quote.2.44%
BP PLC 1.51% 486.05 Delayed Quote.0.82%
BRITISH POUND / AUSTRALIAN DOLLAR (GBP/AUD) 0.56% 1.73731 Delayed Quote.-2.38%
BRITISH POUND / CANADIAN DOLLAR (GBP/CAD) -0.62% 1.61709 Delayed Quote.0.31%
BRITISH POUND / JAPANESE YEN (GBP/JPY) 0.67% 158.351 Delayed Quote.0.42%
BRITISH POUND / NEW ZEALAND DOLLAR (GBP/NZD) 0.76% 1.90122 Delayed Quote.-0.20%
BRITISH POUND / SWISS FRANC (GBP/CHF) 0.14% 1.11692 Delayed Quote.0.48%
BRITISH POUND / US DOLLAR (GBP/USD) -1.04% 1.2091 Delayed Quote.2.41%
CANADIAN DOLLAR / BRITISH POUND (CAD/GBP) 0.62% 0.618395 Delayed Quote.-0.32%
EURO / BRITISH POUND (EUR/GBP) 0.42% 0.8958 Delayed Quote.0.43%
FTSE 100 1.04% 7901.8 Delayed Quote.4.94%
FTSE MID 250 INDEX -0.10% 20593.46 Delayed Quote.9.34%
IMPERIAL BRANDS PLC 0.49% 2044 Delayed Quote.-1.79%
INDIAN RUPEE / BRITISH POUND (INR/GBP) 0.98% 0.01007 Delayed Quote.-1.03%
OCADO GROUP PLC 0.52% 738.6 Delayed Quote.19.13%
S&P GSCI NATURAL GAS INDEX -2.73% 111.7614 Real-time Quote.-44.85%
S&P GSCI PETROLEUM INDEX -2.81% 285.7502 Real-time Quote.-4.50%
SHELL PLC 3.27% 2414 Delayed Quote.0.49%
US DOLLAR / BRITISH POUND (USD/GBP) 1.08% 0.82702 Delayed Quote.-2.35%
VOLUTION GROUP PLC -0.64% 385.5 Delayed Quote.6.30%
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Analyst Recommendations on VOLUTION GROUP PLC
More recommendations
Financials
Sales 2023 312 M 383 M 383 M
Net income 2023 33,4 M 41,0 M 41,0 M
Net Debt 2023 49,9 M 61,3 M 61,3 M
P/E ratio 2023 23,6x
Yield 2023 1,90%
Capitalization 767 M 941 M 941 M
EV / Sales 2023 2,62x
EV / Sales 2024 2,45x
Nbr of Employees 1 918
Free-Float 95,8%
Chart VOLUTION GROUP PLC
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Volution Group plc Technical Analysis Chart | MarketScreener
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Technical analysis trends VOLUTION GROUP PLC
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 7
Last Close Price 388,00 GBX
Average target price 406,67 GBX
Spread / Average Target 4,81%
EPS Revisions
Managers and Directors
Ronald Arthur George Chief Executive Officer & Executive Director
Andrew O'Brien Chief Financial Officer & Executive Director
Paul Robert Hollingworth Non-Executive Chairman
Claire Tiney Independent Non-Executive Director
Amanda Jane Mellor Senior Independent Non-Executive Director
Sector and Competitors