FTSE 100 Rises 1%, Led by Entain, Flutter
FTSE 100 Rises, Led by Entain, Flutter; Market Awaits Fed
0733 GMT - The U.K.'s FTSE 100 index rises 1% to 7052.65 in
early trade, with sentiment buoyed after an onshore unit of
troubled Chinese property company Evergrande said it would make an
interest payment on time this week. Betting-and-gambling group
Entain leads gainers, jumping 8.1% after news of an improved
takeover bid from DraftKings Inc. Dublin-based peer Flutter
Entertainment also rises sharply, up 5.8% after a settlement in its
legal dispute with the Commonwealth of Kentucky and an upbeat
trading update. Safety equipment company Halma rises 1.2% after
reporting good progress in 1H, with performance ahead of forecasts.
Miners and financial stocks gain, while pharma stocks are among
only a handful of fallers, as investors look ahead to a U.S.
Federal Reserve announcement after the close.
Flutter Entertainment Settles Legal Dispute With Kentucky With
Extra $200M Payment
Flutter Entertainment PLC said Wednesday that its legal dispute
with the Commonwealth of Kentucky regarding certain subsidiaries of
the Stars Group in 2010, prior to its combination with Flutter, has
been settled in full.
Flutter Says Australian Division Achieved 50% Market Share in
Flutter Entertainment PLC said Wednesday that its Australian
business Sportsbet achieved a market share of over 50% in the first
half of 2021.
Halma Raises FY 2022 Guidance After 1H Exceeded Expectations
Halma PLC on Wednesday raised its profit guidance for the fiscal
year after a better-than-expected first half.
Entain Considers Improved GBP16.4 Bln Bid From DraftKings
Entain PLC said Wednesday that it is considering a new, improved
takeover bid from DraftKings Inc. after rejecting an earlier offer
from the U.S. digital sports-betting and entertainment company.
Saga Swung to 1H Pretax Profit; No Guidance Due to Pandemic
Saga PLC said Wednesday that it swung to a pretax profit for the
first half of fiscal 2022 after booking lower costs, and that it
wasn't giving any earnings guidance for the year given continued
uncertainty stemming from the pandemic.
SDI Group Current FY2022 Trading Slightly Ahead of Forecasts
SDI Group PLC said Wednesday that it has made a good start to
fiscal 2022, beating modestly its initial forecasts, and noted that
the board remains confident about delivering full-year results at
least in line with market expectations.
Ten Entertainment Sees 2021 Performance Ahead of Views After
Ten Entertainment Group PLC said Wednesday that it expects
full-year performance to be ahead of previous internal expectations
after an exceptional summer.
PZ Cussons 1Q FY 2022 Revenue Fell; FY 2021 Pretax Profit
PZ Cussons PLC said on Wednesday that revenue for the first
quarter of fiscal 2022 fell 9%, and that its pretax profit and
revenue rose in fiscal 2021.
Oxford Cannabinoid Technologies Signs Exclusive License Deal
With Canopy Growth
Oxford Cannabinoid Technologies Holdings PLC said Wednesday that
it has signed an exclusive worldwide license agreement with Canopy
Growth Corp. allowing it to access Canopy's cannabinoid library,
including 335 derivatives and 14 patent families.
Kin & Carta Sees FY 2021 Revenue, Profit Ahead of Market
Kin & Carta PLC said Wednesday that it expects net revenue
and adjusted pretax profit to be marginally ahead of the top end of
market expectations for the year ended July 31.
Arc Minerals Shares Rise on 'Massive' Copper Intersections in
Shares in Arc Minerals Ltd. rose Wednesday after it reported
"massive" sulfide copper intersections at its Cheyeza East project
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
(END) Dow Jones Newswires
September 22, 2021 03:49 ET (07:49 GMT)
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