Three key news stories unfolding as the UK stock market opens. Check out our companies reporting diary for upcoming results from FTSE 350 and selected international stocks.
1. Mobico wins EUR500m contract in Saudi Arabia
Transport operator Mobico [LON:MCG] has issued a note this morning advising of a major contract win in Saudi Arabia. This is an eight year, capital-light contract with a total value of EUR500m, covering the provision of park & ride services connecting Riyadh and Qiddiya, building on the company’s existing presence in the country.
2. SSP on track to serve up full year numbers as forecast
Transport hub catering company SSP LON:SSPG published Q4 results today, with the company on track to meet full year expectations. More importantly, the company has announced a £100m share buyback, underlining the strength of the balance sheet as well as management confidence in the prospects for FY26, despite the unsettled global macroeconomic backdrop.
3. Petro Matad operational update shows progress
Petro Matad [LON:MATD] issued an operational update ahead of the open on Thursday, noting that tests at its Gazelle-1 well had exceeded expectations, paving the way to complete the site for production.
However this does mean that plans to test another site will have to wait until the new year, but investors may well be happy to look beyond this. Other projects are also developing positively and further operational updates have been promised in due course.
Read More: UK Stock Market News: Mobico, SSP, Petro Matad
