果冻传媒

Target Healthcare Reit (THRL)鈥檚 interim results pointed to the resilience of the healthcare sector. The care home landlord reported a 1.8 per cent increase in like-for-like rental income to 拢30mn, while adjusted earnings per share rose 8.5 per cent to 3.4p. 

Target鈥檚 portfolio valuation was up 3.1 per cent on a like-for-like basis during the year to 拢895mn. The company also sold 10 properties for 拢94mn at an average 12 per cent premium to book value, and purchased two more for 拢45mn. 

鈥淸This is] the highest six-month return since the Group鈥檚 launch in 2013, driven by the active asset management of its carefully curated, best-in-class portfolio,鈥� said chair Alison Fyfe.

The Reit has not issued specific guidance for the 2026 financial year, but hiked its quarterly dividend by 2.5 per cent to 1.508p. Shares rose 2 per cent in early trading.

BHP (BHP) chief executive Mike Henry will bow out at the end of the miner鈥檚 current financial year, ending a six-year run in the top job.

His legacy includes the removal of BHP鈥檚 dual-company structure and the failed bids for Anglo American (AAL), while also building a project pipeline for copper that looks to be among the best in the business.

His replacement is Brandon Craig, currently in charge of BHP Americas.

That division includes the all-important Escondida copper mine in Chile, and various new mines in the pipeline. Arranging the Vicu帽a joint venture with Lundin Mining (CA:LUN) looks to be a critical flag in his cap, given its importance to BHP鈥檚 top spot in the copper rankings.

Read the full story here

Moonpig (MOON) shares jumped 8 per cent in early trading after the online card and gifts group unveiled a 拢65mn buyback for its 2027 financial year, and said adjusted earnings per share (EPS) was now expected to be at the top end of its 8 to 12 per cent growth guidance.

The upgrade was supported by 拢60mn in buybacks in 2026, but also by free cash flow generation. Moonpig said it expects high-single-digit revenue growth and mid-single-digit growth in adjusted Ebitda for the full year.

Greetz, Moonpig鈥檚 Dutch online platform for personalised greeting cards and gifts, has maintained low single-digit revenue growth in constant currency. The Experiences business traded ahead of expectations but was expected to decline by mid-single digits.

Prudential (PRU) expects to deliver $1.3bn (拢977mn) of capital returns in 2027 after it kicked off a new $1.2bn share buyback in January, as the Asia-focused insurer delivered double-digit new business growth in its annual results and raised its dividend by 15 per cent.

The FTSE 100 group plans to return more than $7bn to shareholders between 2024 and 2027, from buybacks, dividends and proceeds from the December IPO of its 10 per cent stake in India asset management joint venture IPAMC. The current $1.2bn buyback programme is expected to be completed by December.

New business profit (a metric of new policies sold) rose 12 per cent to $2.8bn last year, while the respective margin was up 2 percentage points to 42 per cent. Both were better than the market expected. Prudential鈥檚 margin lags that of rival AIA (HK:1299).

Shares in Diploma (DPLM) jumped more than 17 per cent this morning after a major upgrade to the FTSE 100 distributor鈥檚 2026 guidance. 

The organic growth target was lifted from 6 per cent to 9 per cent, while the operating margin outlook was increased from 22.5 per cent to 25 per cent. The company said that represents an upgrade of around 13 per cent to analysts鈥� consensus operating profit of 拢377mn. 

Peerless, a New York-based speciality fasteners distributor that Diploma acquired for 拢236mn in 2024, is still doing the heavy lifting. The business has become the star performer, largely due to a massive backlog in aircraft manufacturing.

Management expects another 鈥渙utstanding鈥� organic growth performance in the first half, with the second half returning to more typical growth rates against very strong comparators. Other businesses in the controls arm, such as Windy City Wire, are also performing well.

Excluding Peerless, the group said organic growth is 鈥渟trong鈥� and 鈥渨ell ahead鈥� of its financial model. International seals is still the laggard, particularly in the UK, and is expected to hold back the overall growth rate of the seals arm in the first half. 

The outlook for net acquisition growth was unchanged at 3 per cent, but should increase if more acquisitions are made. The company guided for earnings growth of more than 20 per cent and 鈥渟trong鈥� returns on capital this year.

Read why we鈥檙e bullish on Diploma here.

Fevara (FVA), the livestock supplement supplier formerly known as Carr鈥檚 Group, has completed the acquisition of a new production facility in S茫o Paulo state for 拢4.3mn.

This purchase is the second such transaction for the company in Brazil, after the purchase of Macal, a manufacturer of minerals for livestock, for 拢5mn in December.

The Carlisle-headquartered company said the deal will support its strategy of 鈥渆xpansion into high-potential markets鈥� and was financed entirely from cash. Brazil recently overtook the US to become the world鈥檚 largest beef-producing country.

The move comes after Fevara sold its engineering division to Cadre Holdings for 拢75mn in April, and rebranded in September following the arrival of new boss Josh Hoopes from Associated British Foods (ABF), as part of its pivot to a pure agriculture focus.