Daily Stock Market Report (Tue 11 Feb 2025) - WYN, SUS, BWY, BP., GLE, PZC, TIME

Good morning! As usual, Tuesday is a little busier than Monday.
1pm: thanks for your patience, the report is finished for now!

Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)BP (LON:BP.) (£74.5bn)Final ResultsQ4 adj. profit $1.2bn, reported loss $2bn after impairments. 2025: upstream production to be lower.AMBER/GREEN (Roland) [no section below]Today’s 2024 results show profits down 35% to $8.9bn, as expected, due to refining losses. The dividend is held. The real news will come on 26 Feb when BP unveils its plans to “fundamentally reset our strategy”. BP is under pressure to address its sector underperformance and respond to the challenge of activist investor Elliott – see our comments yesterday.Bellway (LON:BWY) (£3.1bn)TUOn track for gt;8,500 homes (FY24: 7,654). ASP slightly higher £310k. Op. margin to approach 11%.AMBER/GREEN (Roland)A solid H1 update that appears in line with previous guidance. Increased land purchasing suggests medium-term confidence. Shares look reasonably priced to me, at a modest discount to NAV.Dunelm (LON:DNLM) (£2.0bn)Interim ResultsIn line. PBT expectations unch. and in line with consensus (£209m, range £204-214m).PRS Reit (LON:PRSR) (£590m)Strategic ReviewHas received several acquisition proposals...