Fresnillo Shares Tumble After Disappointing Update
January 26 2022 - 4:12AM
Dow Jones News
Fresnillo Drops After Disappointing Operational Update
0820 GMT - Shares in precious-metals mining company Fresnillo
fall 15% after reporting fourth-quarter production and providing
guidance for 2022. The numbers were disappointing, as production
missed estimates by 8%-9% for silver and gold, Jefferies says. In
addition, the guidance was well below consensus estimates,
particularly for silver, the bank says. "Beyond the delay in
Juanicipio, announced in December, Fresnillo is citing lower volume
of ore at Saucito due to personnel shortages, Covid-related
absenteeism and instability caused by increased seismicity in the
Jarillas vein," Jefferies says. (jaime.llinares@wsj.com)
Companies News:
Sage Group Says 1Q Was in Line; Backs FY 2022 Guidance
Sage Group PLC said Wednesday that growth was in line with
expectations in the first quarter of its fiscal 2022 and it backed
its guidance for the full year.
---
U.K. Watchdog Issues Enforcement Order on National Express,
Stagecoach Deal
The U.K. Competition and Markets Authority on Wednesday issued
an initial enforcement order on National Express Group PLC's
planned takeover of Stagecoach Group PLC, preventing the companies
from fully combining while it considers the deal.
---
Fresnillo Operations in Mexico Hit by Omicron Variant, New Labor
Rules
Fresnillo PLC on Wednesday said that the pandemic and the new
labor reform in Mexico is hampering its mining operations, and
forecast lower gold production for this year.
---
Brewin Dolphin 1Q Total Funds Under Management Rose
Brewin Dolphin Holdings PLC said Wednesday that its total funds
under management rose in the first quarter of fiscal 2022,
benefiting from growth across both its direct and indirect
business.
---
Playtech Notes Media Speculation on Future; Reiterates Support
for Aristocrat Bid
Playtech PLC said Wednesday that it has noted recent media
speculation on its future strategy and that it reiterates its
recommendation that shareholders vote in favor of the offer from
Aristocrat Leisure Ltd.
---
Wizz Air 3Q Pretax Loss Widened; Warns on 4Q Results
Wizz Air Holdings PLC on Wednesday reported a widened pretax
loss for the third quarter of fiscal 2022 after booking
significantly higher prices and seeing the average revenue per
passenger decrease, and warned of a hit from the impact of the
Omicron Covid-19 variant in the last quarter of the year.
---
Tullow Oil Sees 2021 Free Cash Flow Ahead of Guidance
Tullow Oil PLC said Wednesday that it expects to report
better-than-expected free cash flow for 2021, reflecting supportive
oil prices, focus on costs and favorable working capital
movements.
---
Bloomsbury Publishing Says FY 2022 Revenue, Profit to Beat
Expectations
Bloomsbury Publishing PLC said Wednesday that it expects to
report revenue and profit ahead of market expectations for fiscal
2022.
---
Digital 9 Infrastructure Raises GBP95.2 Mln via Share
Placing
Digital 9 Infrastructure PLC said Wednesday that it has raised
95.2 million pounds ($128.6 million) via the share placing
announced earlier this month.
---
Pets at Home Expects FY2022 Underlying Pretax Pft to Beat Market
Views After Strong 3Q
Pets at Home Group PLC said Wednesday that revenue increased in
the third quarter of fiscal 2022, and that it expects to post a
full-year underlying pretax profit above market expectations.
---
Quilter 4Q Assets Under Management Rose 13%
Quilter PLC said Wednesday that assets under management rose 13%
in the fourth quarter of 2021.
Market Talk:
Inflation Fears Likely to Boost Demand for UK's March 2051
Index-Linked Gilt Auction
0837 GMT - Inflation fears and some extra yield should spur
demand for the U.K. Debt Management Office's planned sale of GBP600
million in the 0.125% March 2051 index-linked gilt, says RBC
Capital Markets. "While the bond does not stand out as particularly
cheap compared to its nearest neighbours, there are some signs that
a concession has been priced into the sector ahead of today's
auction," analysts at the bank say. This combined with continuing
fears of higher inflation should help support the take-down of
today's auction, they add. The next index-linked auction will be on
March 15. (lorena.ruibal@wsj.com)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
January 26, 2022 03:57 ET (08:57 GMT)
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