UK Stocks Pre-Market Update – Hochschild Mining, Motorpoint, Vivo Energy By Investing.com

© Reuters.
By Samuel Indyk
Investing.com – At 7:30 a.m. GMT, trading is up 0.2% to 7300.
In forex markets, trades at 1.3348, trades at 0.8402. The is down 0.15%.
Today’s calendar promises to be calm due to the Thanksgiving holiday in the United States. The ECB will release the results of its last meeting and members of the Bank of England and are expected to speak.
Actions
Hochschild Mining (LON 🙂 – The Peruvian government has said it will not unilaterally shut down mines and will consider extending mining licenses if legal requirements are met. Hochschild said they welcome the Peruvian government’s announcement. Shares fell about 25% on Monday after Peru said it would not extend the licenses of two Hochschild mines.
Vivo Energy (LON 🙂 – Vitol Investment Partnership II Limited will buy Vivo Energy for $ 1.85 per share in cash, or about $ 2.3 billion (£ 1.8 billion).
Mitchells and butlers (LON 🙂 – Fiscal 2021 comparable sales down 9.6% to £ 1.065 billion due to COVID restrictions. Since the lifting of the restrictions, the return to profitability and cash generation has returned. Adjusted operating profit of £ 29 million. Second half operating income was £ 153 million. Headwinds on costs, particularly in utilities and labor costs, have a residual impact on the performance of the current year.
John menzies (LON 🙂 – Obtained an extension of its service partnership with easyJet (LON 🙂 in 21 airports across Europe. Menzies will continue to provide a range of ground services, such as passenger, ramp, cabin cleaning and de-icing, for easyJet flights at major European and UK airports.
Greencoat UK Wind (LON 🙂 – Increase in the amount of the capital increase to £ 450 million due to investor demand.
Point of payment (LON 🙂 – First half net sales up 20.9% to £ 56.1 million. Pre-tax profit up 30% to £ 21.9million. Increase of the ordinary interim dividend to 17.0 pence per share. Overall expectations for the whole year remain unchanged.
Hill & Smith Holdings (LON 🙂 – Four-month revenue to October 31 up 4% to £ 237.1million. Remains on track to deliver underlying operating profit for full year 2021 in line with analyst consensus expectations.
Motorpoint (LON 🙂 – Appoint John Walden as independent non-executive chairman, effective January 10, 2022. First half revenue up 56.1% to £ 605.2 million. Operating income up 36.0% to £ 15.1 million. The Board of Directors is confident that it will generate revenue and pre-tax profit well above its expectations.
Mothercare (LON 🙂 – H1 revenue down to £ 41.7m. Adjusted EBITDA recovered to £ 5.6m from a loss of £ 0.1m previously. Consider that H2 should perform at similar levels to H1.
Clipper Logistics (LON 🙂 – Creation of a joint venture with Farfetch (NYSE :), formalizing the creation of a global e-commerce order processing solution for luxury brands. Farfetch and Clipper will each own 50% of the joint venture.
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