FTSE 100 Pushes Higher, Helped by Gains for Oil, Mining, Travel Stocks
January 26 2022 - 4:59AM
Dow Jones News
FTSE 100 Rises as Oil, Mining, Travel Stocks Gain -- Market
Talk
0922 GMT - The FTSE 100 index rises 1.5%, or 112 points, to 7484
as oil, mining and travel-related stocks rally. BP and Shell gain
around 3% as the price of a barrel of Brent crude increases 0.6% to
$87.70, while miners Antofagasta, Glencore and Anglo American are
all higher. Airline group IAG is the biggest riser, up 6%, followed
by cruise operator Carnival, tour operator TUI and hoteliers
InterContinental Hotels Group and Whitbread. "The FTSE 100 bounced
back sharply on Wednesday, bucking the negative trend set in the
U.S. last night and some mixed trading in Asia," AJ Bell investment
director Russ Mould says. (philip.waller@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:
Shares in Largest U.K., EU Airlines Open Higher on Lifting of
Covid-19 Restrictions
0901 GMT - Major European Union and U.K. airlines on Wednesday
opened with significant gains after the EU lifted Covid-19 travel
restrictions in the bloc following the U.K.'s new guidance for
vaccinated passengers. Airlines have argued that travel
restrictions haven't significantly slowed rising case numbers of
the Omicron variant in the region. Shares in easyJet, TUI, Jet2 and
International Consolidated Airlines Group are up 3.6%, 4.8%, 2.9%
and 5.6%, respectively. Shares in Air France-KLM and Deutsche
Lufthansa are up 3.7% and 5.5%, respectively. (sabela.ojea@wsj.com;
@sabelaojeaguix)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
January 26, 2022 04:44 ET (09:44 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Mar 2024 to Apr 2024
FTSE 100
Index Chart
From Apr 2023 to Apr 2024