Lloyds Banking Group Change Company Secretary

FTSE News FTSE 100, News

Lloyds Banking Group (LON:LLOY) announces that Kate Cheetham will be appointed as Group Company Secretary next year, in addition to her role as Group General Counsel.

Kate will take up her additional role in 2019. She succeeds Malcolm Wood who joined Lloyds as Group Company Secretary in November 2014 and has announced his intention to retire following the Group’s Annual General Meeting, in June 2019.

Kate joined Lloyds in 2005 from Linklaters and was appointed Group General Counsel in May 2015.

BHP Biliton Plc Successful Bids – Offshore Orphan Basin in Eastern Canada

FTSE News FTSE 100, News

Today, the Canada Newfoundland and Labrador Offshore Petroleum Board today announced that BHP Biliton Plc (LON:BLT) has been successful in its bids to acquire a 100% participating interest in, and operatorship of, two exploration licences for blocks 8 and 12 in the offshore Orphan Basin in Eastern Canada.

Steve Pastor, BHP President Operations Petroleum, said the successful bids are an exciting opportunity for BHP to explore for world class conventional oil assets as an early mover in this prospective region.

“This frontier opportunity has large oil resource potential which we identified through our Global Petroleum Endowment Study in 2016 and is in a low risk country, with competitive fiscal terms” Mr Pastor said.

“This opportunity delivers on our exploration focus in conventional petroleum and will leverage our global deep-water development and operational expertise.”

BHP’s aggregate bid amount of US$625 million cover

AstraZeneca PLC Returns to Sales Growth; New Medicines and Emerging Markets Lead the Way

FTSE News FTSE 100, News

AstraZeneca PLC (LON:AZN), today announced Q3 2018 results.

Product Sales increased by 4% in the year to date (2% at CER1), supporting full-year guidance. For the quarter, Product Sales increased by 8% (9% at CER), driven by the strong performance of new medicines2 (+85%, +86% at CER) and the sustained strength of Emerging Markets (+12%, +16% at CER). Oncology sales increased by 56% in the quarter (57% at CER); China and US sales increased by 32% and 25%, respectively. The pipeline, designed to deliver sustainable growth and advances in treatment for patients, produced further positive news flow in the period; regular, additional news will continue. The Company is on track to deliver its FY 2018 Product Sales and Core EPS guidance.

 

YTD 2018

BAE Systems Plc Outlook for 2018 remains unchanged

FTSE News FTSE 100, News

BAE Systems Plc (LON:BA.), today announced a trading update.

Trading update

The Group’s outlook for 2018 remains unchanged. Overall, we expect the Group’s underlying earnings per share for 2018 to be in line with the full-year underlying earnings per share for 2017, with some small additional benefit from exchange translation.*

* Compared with the Group’s actual performance for 2017 as re-presented to reflect the impact of the adoption of IFRS 15 from 43.5p to 42.1p and assuming a US$1.35 to sterling exchange rate

UK Market

In the UK, the recently announced budget re-emphasised the UK’s commitment to strong defence and security and the company focus remains on execution of our long term contracted positions in Air and Maritime. The production ramp up of the F-35 programme is progressing well. On the Offshore Patrol Vessels programme work continues to rectify the quality issues on the first ship, with lessons learned bein

Coca-Cola HBC AG Quarter of solid growth

FTSE News FTSE 100, News

Coca-Cola HBC AG (LON:CCH), a leading bottler of the brands of The Coca-Cola Company, today announces its 2018 Q3 trading update.

Third quarter highlights

· Solid FX-neutral revenue growth, up 4.5%

· Volumes increased 4.2% in the quarter, with strong delivery in the Developing markets and the Emerging markets.

– Established markets volumes were broadly stable, given the tough prior-year comparative of 2.2%.

– Developing markets volumes increased by 11.3%. This very positive result was broad-based with strong volume growth across all the countries in the segment. Poland, which maintained its growth momentum, made a significant contribution.

– Emerging markets volumes increased by 4.1%, with good contributions from all markets including Nigeria and Russia. As anticipated, we saw a moderation in the very strong pace of growth from Romania, Ukraine and Serbia, which were all cycling high growth rates in the prior-year period.

· FX-n

Sainsbury(J) PLC Proposed combination with Asda will create a dynamic new player in UK retail

FTSE News FTSE 100, News

Sainsbury(J) PLC (LON:SBRY), today announced Interim Results for the 28 weeks to 22 September 2018

Operational Highlights

· Underlying profit growth of £51 million driven by Argos synergies, delivered ahead of schedule

· Food and general merchandise sales benefited from the hot summer; grocery sales grew 1.2 per cent and general merchandise sales grew 1.5 per cent, with total food transactions up 0.6 per cent, outperforming the market1

· Continued pressure on general merchandise margins

· Clothing sales declined 1 per cent due to changes in promotional phasing

· Groceries Online grew nearly 7 per cent and Convenience grew over 4 per cent

· We have transformed the way we run Sainsbury’s stores, fundamentally changing how our 135,000 managers and colleagues work. The new, leaner management structure creates significant savings which we have reinvested into colleague pay. We now have one fair, consistent and more flexible cont

Burberry Group Plc Brand repositioning underway, with strong initial response

FTSE News FTSE 100, News

Burberry Group Plc (LON:BRBY) today announced Interim results for 26 weeks ended 29 September 2018

“We are energised by the early results as we begin to transform and reposition Burberry. The initial response from influencers, press, buyers and customers to our new creative vision and Riccardo’s debut collection Kingdom has been exceptional. Mindful that we are only in the first phase of our multi-year plan, we continue to manage dynamically through the transition. We confirm our outlook for the full year.”

Marco Gobbetti, Chief Executive Officer of Burberry

£ million

29 Sept

30 Sept

Just Eat plc Appointment of Non-Executive Director

FTSE News FTSE 100, News

Just Eat plc (LON: JE.), a leading global marketplace for takeaway food delivery, today announced the appointment of Helen Weir as an independent Non-executive Director of the Company with effect from 1 December 2018.

Helen will also join the Audit Committee of the Board and will work closely with the current chair Andrew Griffith in anticipation of her succeeding Andrew as chair of the committee after next year’s AGM. In addition, she is being appointed a member of the Nomination Committee.

Helen has significant executive and non-executive experience with UK-listed companies and organisations. She has previously served as a non-executive director at SAB Miller plc and Royal Mail Holdings plc where she chaired the audit committee. She was Chief Financial Officer at Marks & Spencer Group plc (2015-2018), Group Finance Director at John Lewis Partnership (2012-2014) and has held senior executive positions at Lloyds Banking Group and Kingfisher.

Helen is curre

National Grid Plc Continued to make strong operational progress

FTSE News FTSE 100, News

National Grid Plc (LON:NG.), today announced its half year results.

Highlights

· Maintained strong reliability and safety across all networks

· Decided to exercise Cadent 39% options; sale completion in June 2019 providing £2bn cash proceeds

· Reached major milestone in the US with all distribution companies under refreshed rates

· Approved £850m investment to proceed with Viking interconnector

· Launched UK cost efficiency and restructuring programme

Financial performance

· Underlying operating profit down 6% to £1.3bn, primarily from expected return of Gas Transmission allowances and US tax reform, partially offset by favourable legal settlements of £94m

· Underlying EPS of 19.7p, up 1.2p, reflecting a lower tax rate and reduced share count

· Statutory EPS (continuing) of 12.7p after exceptional charges: UK cost efficiency and restructuring programme £127m; Massachusetts Gas workforce contin

Royal Mail plc Board and management changes

FTSE News FTSE 100, News

The Board of Royal Mail plc (LON:RMG) announced that Keith Williams, Chair of the Audit & Risk Committee, is also being appointed Deputy Chairman with immediate effect. Keith is increasing his commitment to Royal Mail. He is in the process of reviewing his external commitments, and any changes will be announced as required. As Executive Chairman of British Airways until 2016, Keith has a very strong track record in operational transformation, digital strategy and industrial relations, including pensions.

The Group is also revising its executive structure, with changes in the organisational structure of Post and Parcels UK. After 12 years’ service, Sue Whalley, CEO, Post and Parcels UK, and the Board have agreed that she will leave Royal Mail. She will step down from the Board with immediate effect and transition her responsibilities by the end of March 2019. Rico Back, Group CEO, will assume commercial responsibilities for Post and Parcels – domestic letters and