Airtel Africa hits new trend highs after strong Q1 performance

Airtel Africa (AAF) reached new trend highs last week following impressive results for the quarter ending 30 June 2025. The company saw a 9.0% increase in its total customer base, growing to 169.4 million, with a notable 17.4% jump in data customers to 75.6 million. This surge was driven by increased smartphone penetration, which rose 4.3%, alongside a focus on bridging the digital divide across its markets. As a result, Airtel witnessed a robust 18.5% growth in data ARPU in constant currency, alongside a 47.4% increase in data usage across its network.

Airtel’s sustained network investments further supported this momentum, with over 2,300 new sites added and a 2,700 km expansion of its fibre network. These efforts contributed to increased 4G population coverage, now at 74.7%. With strong financials, continued growth in customer segments, and a focus on technological innovation, Airtel Africa is well-positioned to sustain its upward trajectory, reinforcing its market leadership in the African telecom space.

Centrica reports strong interim results and dividend commitment

Centrica’s (CNA) shares gapped higher last week following the release of its interim results for the six months ending 30 June 2025, showcasing solid financial performance. The company reported a strong return to profitability and continued progress in its strategic transformation, driven by improved operational efficiency and growth in its energy services business. This positive momentum was initially reflected in a sharp price increase, but the shares have since closed the gap and reversed some of the gains, as market sentiment adjusted.

Looking ahead, Centrica remains focused on enhancing its customer offerings and investing in its energy services business. The company’s ability to navigate market fluctuations and maintain strong cash generation gives it a solid foundation, although the recent share price reversal suggests caution among investors amid the volatility of the broader energy sector.

ITV delivers solid performance despite revenue dip

ITV’s (ITV) share price hit 52-week highs last week following the release of its half-year results for the six months ending 30 June 2025, showcasing a robust performance in key areas despite some challenges. The company successfully executed Phase Two of its “More Than TV” strategy, with growth in ITV Studios and digital advertising revenue from ITVX, which rose by 12%. However, total group revenue declined by 3% year-on-year, primarily due to a tough comparative period in H1 2024 driven by the Men’s Euros. Despite the decline in total revenue, ITV Studios experienced a solid 3% increase in external revenue, driven by strong global demand for content.

Looking ahead, ITV is poised for a strong second half, with a promising content slate that includes high-profile dramas, entertainment shows, and sports programming. The company is on track to meet its long-term growth targets, underpinned by a solid content strategy and digital revenue expansion, even as it adapts to a changing media landscape.

Mitie posts strong revenue growth

Mitie (MTO) recently released a positive trading update for Q1 FY26, showcasing a solid 10.1% increase in revenue to £1,282 million, driven by organic growth of 8.0%. The Facilities Management business performed particularly well, with key account wins and extensions contributing to a 7.3% growth. Facilities Transformation saw an even stronger performance, growing by 12.8%, reflecting increased demand for client projects. Notably, Mitie also reported a strong £1.2 billion in contract wins, extensions, and renewals, further bolstering its growth trajectory.

Mitie also made progress in its capital deployment strategy, temporarily pausing its £125 million share buyback programme due to the Marlowe acquisition. The company is committed to returning surplus funds to shareholders once leverage reduces, and continues to pursue infill M&A opportunities that align with its strategic goals. Despite an increase in net debt to £240 million, Mitie’s strong balance sheet and solid free cash flow generation position it well for future growth and shareholder value creation.