Highlights
FTSE 100 poised for a weaker open amid geopolitical unease in the Middle East
Construction group Morgan Sindall (LON:MGNS) expects results to outperform prior outlooks
Informa (LON:INF) and Ashtead (LON:AHT) deliver robust revenue updates despite broader uncertainty
The FTSE 100 was expected to open lower following renewed tensions in the Middle East, particularly as concerns persist over the conflict between Israel and Iran. The caution followed signals of restraint from Tehran amid nuclear talks, but countered by remarks calling for evacuation measures and continued military activity in the region.
Market participants reacted to mixed signals from geopolitical fronts, with sentiment reflecting the fragile nature of the situation. Attention remained focused on the Strait of Hormuz, a critical corridor for energy transportation, influencing sentiment across oil and commodity-linked sectors.
Morgan Sindall Expects Earnings to Surpass Earlier Views
Construction services provider Morgan Sindall (LON:MGNS) stated that its full-year outcome is anticipated to be well ahead of earlier projections. The upward revision stemmed primarily from the performance of its Fit Out division, which showed marked strength during the second quarter.
The company's operations span construction, infrastructure, and urban regeneration. The improved expectations highlight resilience in commercial refurbishment and fit-out demand in a recovering business environment.
Informa Shows Strong Revenue Momentum Across Divisions
Publishing and exhibitions group Informa (LON:INF) shared an upbeat trading update, with revenue growth reported across its core divisions. A significant portion of annual revenue had already been secured by the end of May, indicating a solid start to the year.
Informa’s B2B Live Events business saw momentum continue, supported by increased activity and attendance levels. Its Academic Markets arm posted underlying growth, while its TechTarget operation experienced softness, attributed to an ongoing transition period. The group’s diversified model continues to reflect strength in knowledge-led content and event solutions.
Ashtead Reports Record Rental Revenues Despite Dip
Ashtead Group (LON:AHT), an industrial equipment rental firm, reported record rental revenues over its latest financial year. Despite this milestone, overall revenue saw a marginal decline, largely due to a reduction in used equipment.
The group operates extensively in the UK and North America, with a focus on equipment leasing for construction and infrastructure projects. Its core rental division remained a key driver of top-line resilience.