Next week on the stock market: Baker Hughes, Fevertree, Verizon
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What to watch from the FTSE 100, FTSE 250 and selected other companies reporting week commencing 22 January 2024, including the likes of Baker Hughes, Fevertree and Verizon.
This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.
Published on 19 January 2024
It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.
What to expect from a selection of FTSE 100, FTSE 250 and selected other companies reporting next week:
*Events on which we will be updating investors.
Baker Hughes reported strong business growth in each of the first three quarters of 2023. That was reflected in revenue and profit as well as increased order intake in both Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). The midpoint of guidance for the final three months suggests that revenue has increased by around 17% to $6.9bn, with underlying cash profit (EBITDA) up about 14% to $1.1bn.
Looking to 2024, it’s a complex picture. Oil prices have cooled lately, but sustained tension in the Middle East could see this trend reverse. Meanwhile, The Conference of Parties has, for the first time, called for a
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