Daily Stock Market Report (Tue 25 Feb 2025) - Selling pressure, CMCX, WG., OTB, STAF

Good morning!

Spreadsheet that accompanies this report: updated to 14/2/2025.

Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)Smith amp; Nephew (LON:SN.) Final ResultsU/L Rev +5.3%, EPS +1.7%. 2025 targeting +5% rev. growth amp; improved profit marginCroda International (LON:CRDA) ((£4.5b)Final Results2024 sales -4% (no Covid-19 sales), adj. PBT -16% (£260m). Outlook: adj. PBT £265-295m.Unite (LON:UTG) (£4.2b)Final Results2024 adj. earnings +16% (£214m). Net tangible assets 972p vs 859p share price. Outlook: encouraging.Lion Finance (LON:BGEO) (£2.4b)Final ResultsChanged name to Lion Finance. Loan book +65.9% year-on-year. Total dividend +12.5%.CMC Markets (LON:CMCX) (£592m)Directorate ChangeSP -7% (-12% initially)CFO agrees with the Board to step down with immediate effect. He is thanked. Will support an orderly handover.GREEN (Graham) [no section below]It’s a little unsettling as it’s abrupt and it sounds like he was pushed out, which raises the question as to why. Despite being with the company for c. 20 years, he was only CFO for 18 months. Personally I am not too concerned. My assumption is that it’s a CFO appointment that just didn’t work out entirely as they hoped it would....