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Highlights:
The FTSE 100 is projected to open 44 points higher on Friday, following a 0.79% gain on Thursday.
Games Workshop raises half-year guidance after exceeding trading expectations.
Workspace Group reports growth, with a 4.3% rise in net rental income and an increase in the dividend.
The FTSE 100 index is set to open 44 points higher on Friday after a positive close on Thursday, where it rose 0.79% to finish at 8,149.27. This optimistic start to the day follows a strong performance in global markets, with investors digesting earnings reports from major companies.
Among notable stocks to watch, Games Workshop has raised its half-year guidance following a stronger-than-expected performance in the final two months of trading. The company now forecasts a pre-tax profit of at least £120 million for the six months ending 31 December, compared to £96.1 million in the same period last year. Core revenues are also expected to surpass £260 million, alongside licensing revenues of at least £30 million.
In another update, Workspace Group (LSE:WKP) has reported growth for the first half of its financial year. Net rental income increased by 4.3% to £60.2 million, driven by higher rental yields despite a slight decline in occupancy and portfolio valuation. Trading profit for the six-month period stood at £32.7 million, while the company raised its interim dividend by 4.4% to 9.4p per share, reflecting a solid financial performance.
In the news, significant developments include potential changes to inheritance tax rules for farmers, following a government review after a protest in Westminster. The Treasury is considering altering gifting rules, which could allow farmers over 80 years old to pass on their farms without incurring tax, offering relief to this demographic.
The Serious Fraud Office (SFO) has also launched an investigation into suspected bribery and corruption at Thales Group, a multinational aerospace and defense contractor with a substantial presence in the UK.
Overall, market sentiment remains positive, bolstered by corporate earnings and shifting regulatory landscapes.
