Stagecoach, Carillion and Kodal Minerals

“The FTSE100 tracked gains on Wall Street and in Asia in early trading with heavyweight miners Antofagasta, Rio Tinto and Anglo American among the biggest risers,” says AJ Bell Investment Director Russ Mould.

“Transport giant Stagecoach has increased its first half dividend after meeting its earnings per share forecasts in the face of a challenging and uncertain political and economic environment. The prospects for growth in the UK and North America remain good as there is a large market opportunity for a shift from cars to public transport against a backdrop of population growth, urbanisation, technological advancements, and increasing pressure to tackle road congestion and improve air quality.

“Integrated support services group Carillion is on track to meet its full-year forecasts with strong growth in revenues and increased operating profit. But there has been a slowdown in the pace of new orders since the Brexit vote as government departments reassessed their spending priorities. Carillion’s shares were down by more than 3.3% in early trading.

“Kodal Minerals’ shares rose after first rock-chip assay results confirmed high-grade lithium mineralisation at its Bougouni project in Mali. Kodal has acquired a significant landholding in this region and its exploration activity is continuing to highlight multiple targets and areas of high-grade lithium mineralisation. Kodal’s shares were up by over 3%.”

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