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Highlights
- Carnival’s revenues reached $546 million in the quarter ended 31 August 2021 compared to $31 million in the same quarter in 2020.
- In Q3 2021, EVRAZ' crude steel output rose by 1.0% quarter-on-quarter to 3.40 million tonnes from 3.36 million tonnes in Q2.
- Mitie announced the takeover of Rock Power Connections, a supplier of high voltage electricity installation services, for £14.5 million.
The country’s gross domestic product (GDP) rose in September but failed to maintain momentum, remaining below pre-COVID pandemic levels. For Q3 2021, GDP grew at 1.3%, falling short of the expected 1.5% growth, according to the latest data from ONS. In September, although the UK economy was estimated to have increased by 0.6%, it was 0.6% below February 2020 levels.
FTSE 350 listed stocks offer lots of investment prospects for traders and investors. It comprises constituents of the FTSE 100 and FTSE 250 index. Stocks listed on these indices offer attractive returns to shareholders in the form of regular dividends. Below is a detailed review of the investment prospect in three FTSE-listed stocks – Carnival, Evraz and Mitie Group.
(Data source: EODHD/Others)
Carnival Plc (LON: CCL)
Carnival is a cruise operator and a leading travel and leisure firm. Its revenues reached $546 million in the quarter ended 31 August 2021 compared to $31 million in the same quarter in 2020. Its loss before tax was $2,859 million in H1 2021 compared to $2,861 million in H1 2020.
DocGo, a mobile health services provider, recently inked a merger agreement with Motion Acquisition Corp. (NASDAQ: MOTN) for the addition of ports and expansion of services to include deployment of DocGo response teams on Carnival cruises.
The shares of Carnival are trading at GBX 1,600.20, down by 0.95% at 8:02 AM BST on 11 November 2021. In the last one year, the shares of the company returned 38.97% to shareholders, and the market cap of the company currently stands at £2,986.29 million.
Evraz Plc (LON: EVR)
EVRAZ is a mining and steel manufacturing company focused on operations in Russia, Kazakhstan, Ukraine, Czech Republic, Italy, Canada, the US, and South Africa. In Q3 2021, EVRAZ' crude steel output rose by 1.0% quarter-on-quarter to 3.40 million tonnes from 3.36 million tonnes in Q2 due to high production volumes at EVRAZ North America.
EVRAZs’ total steel products sales declined by 8.2% in Q3 2021 compared to the previous quarter due to a slowdown in the construction products market in Russia and lower sales of railway products caused because of logistics restrictions. External sales of iron ore and vanadium products decreased by 10.1% and 11.8% quarter-on-quarter, respectively.
The shares of Evraz are trading at GBX 610.40, up by 0.03% at 8:03 AM BST on 11 November 2021. In the last one year, the shares of the company returned 62.87% to shareholders, and the market cap of the company currently stands at £8,900.92 million.
Mitie Group Plc (LON: MTO)
Mitie Group is an outsourcing services provider. The company’s service portfolio encompasses facilities management, infrastructure consultancy, energy, healthcare services, and property management.
Recently, Mitie announced the takeover of Rock Power Connections, a supplier of high voltage electricity installation services, for £14.5 million.
Mitie Group’s revenue for Q1 ended 30 June 2021 was £930 million compared to £455 million in Q1 2020, representing an increase of 104% year-on-year. Its business services segmental revenue was up by 47% year-on-year to £357 million during the period.
The shares of Mitie Group are trading at GBX 67.90, up by 0.59% at 8:04 AM BST on 11 November 2021. In the last one year, the shares of the company returned 106.38% to shareholders, and the market cap of the company currently stands at £963.87 million.
