Glasgow packaging group Macfarlane issued a profits warning last month after admitting weakening demand in a challenging year of economic uncertainty.
Interims this week should shed more light on how management implementing an action plan to recover cost increases.
In its July trading update it said adjusted operating profit for the full year will come at about 10% below the same period last year, prompting another round of cost savings. Shares in the group fell sharply.
AIleen Gulvanessian, chair, said it was disappointing that the momentum experienced early in Q2 2025 has not been maintained and as a result will impact the full year performance.
Wood Group
The latest deadline for takeover talks between Aberdeen-based energy company Wood Group and its suitor Sidara is 5pm on Monday. In the absence of any update it is likely that a further extension will be requested.
Dubai-based Sidara has indicated that it might lower its proposed offer of 35p in cash per Wood share, valuing the group at £242m.
JD Sports
JD Sports posted two profit warnings for the year to January 2025 and offered cautious guidance alongside May’s full-year results, since when the company has said nothing, other than to announce the conclusion of its £100 million share buyback programme, the company’s first such scheme.
The actual first-half results are not due until 24 September, so AJ Bell expects few headlines.
“As such, the focus is likely upon whether chief executive officer Regis Schulz gives any comment relative to the guidance for the year to January 2026 provided alongside the 2025 results, and how trends in the second quarter compare to those in the first, as again revealed back in May.”
DIARY
Monday 25 August
- Deadline for Sidara to make intentions known towards Wood Group
Tuesday 26 August
- First-half results from Prudential and Ashtead Technology
- BRC UK shop prices
Wednesday 27 August
- First-half trading update from JD Sports
Thursday 28 August
- First-half results from Chesnara, Hunting and Macfarlane
- Nationwide UK house price index
Friday 29 August
#Macfarlane #action #plan #Wood #Sports #Daily #Business