Major Oil Companies' 3Q Cash Flows to Double from 2020 on Strong
0838 GMT - Major oil companies are set to reach combined third
quarter operating cash flow of around $60 billion in the third
quarter, which would be up 14% from the second quarter and more
than double that of the same period in 2020, HSBC forecasts. The
latest spike in crude prices won't have really affected third
quarter results, as it only started in the latter part of
September, HSBC says. However, gas markets showed signs of real
tightness for much of the quarter, the bank adds. "We can expect
this to translate into another solid quarter for debt reduction, as
well as plenty of confident messaging on cash distributions."
Playtech Agrees to GBP2.1 Bln Aristocrat Leisure Takeover
Playtech PLC said late Sunday that it has agreed to a 2.1
billion-pound ($2.89 billion) takeover from Australian-listed
gaming content and technology company Aristocrat Leisure Ltd.
through its subsidiary Aristocrat (UK) Holdings Ltd.
Schroders 3Q Assets Under Management Rose
Schroders PLC said Monday that its assets under management for
the third quarter of the year rose when compared with the previous
AstraZeneca Recommends Shareholders Reject TRC Capital
AstraZeneca PLC said Monday that it has recommended shareholders
reject a mini-tender offer from TRC Capital Investment Corporation
for up to two million American Depositary Shares, due to its low
bidding price of up to $115.8 million.
Global Ports Investments 3Q Container Throughput Grew 8.4%
Global Ports Investments PLC said Monday that its container
throughput increased in the third quarter, as growth across the
wider Russian market remained strong.
UK Takeover Panel Extends Stagecoach, National Express Bid
Stagecoach Group PLC said Monday that the U.K. Takeover Panel
has agreed to extend the deadline for peer National Express Group
PLC to either make an offer for it or walk away until Nov. 16.
Supreme PLC 1H Performance Was Strong, Expects to Meet Full-Year
Supreme PLC said Monday that its performance in the first half
of fiscal 2022, which ended Sept. 30, was robust and that it is
confident in achieving full-year expectations.
Thungela Cuts Guidance Blaming South Africa Rail
Thungela Resources Ltd. cut its guidance for 2021 on Monday,
saying that the condition of the rail infrastructure in South
Africa is impairing its ability to export the coal it produces in
Cloudcoco Group Expects to Beat FY 2020 Revenue, Trading
Cloudcoco Group PLC said Monday that it expects fiscal 2021
revenue and trading Ebitda to beat the previous year's figures,
with a further strong progress in fiscal 2022.
Ixico Says FY 2021 Revenue, Ebitda Beat Market Views; FY 2022
Profitability to Fall
Ixico PLC said Monday that revenue and earnings before interest,
taxes, depreciation and amortization for its fiscal 2021 are
expected to be ahead of market expectations, but that it also
expects to have lower profitability in 2022 due to high levels of
Distil Swung to 1H Loss on Lower Revenue, Supply-Chain Issues
Distil PLC on Monday reported a swing to a pretax loss in the
first half of the year as revenue fell, and said that its
production costs are likely to continue to increase due to global
Benchmark Holdings' FY Earnings Seen Significantly Ahead of
Benchmark Holdings PLC said Monday that its full-year results
are expected to be significantly ahead of market expectations
thanks to continued growth across its businesses.
Gusbourne to Raise up to GBP4.5 Mln in Placing, Subscription and
Gusbourne PLC said Monday it plans to raise up to 4.5 million
pounds ($6.2 million) before expenses through a placing and
subscription, and an open offer.
Bioventix FY 2021 Pretax Profit Fell Slightly
Bioventix PLC on Monday reported a fall in pretax profit for
fiscal 2021 on currency woes, but said the business should revert
to an established trajectory once the Covid-19 pandemic ebbs.
Softline Holding Prices IPO at $7.50-$10.50 Per GDR
Softline Holding Ltd. on Monday priced its initial public
offering at between $7.50 and $10.50 per global depositary receipt,
giving it a potential market capitalization of up to $1.93 billion,
Tristel FY 2021 Pretax Profit Fell on Lower Revenue
Tristel PLC on Monday reported a fall in pretax profit for the
fiscal 2021 as the Covid-19 pandemic hit sales growth, but said it
expects a better performance in the year ahead.
Metals Exploration Says 3Q Mining Came in Below Forecasts
Metals Exploration PLC said Monday that its ore and waste mined
were below forecasts in the third quarter.
UK 10Y Gilt Yield Rises After BOE's Bailey Signals Rate Rise
0815 GMT - U.K. borrowing costs rise Monday after Bank of
England governor Andrew Bailey said over the weekend that the
central bank will "have to act" to curb price pressures despite the
uptick in inflation likely being temporary. The yield on the
10-year benchmark gilt rises almost four basis points to 1.140%
relative to Friday's close, according to FactSet. Bailey warned
that higher energy prices means inflationary pressures will last
longer. Brent oil, the global crude benchmark, rises almost 0.8% to
$85.53 a barrel and is up about 65% since the beginning of the
Schroders' 3Q Update Seen to Leave Sentiment Unchanged
0814 GMT - The trading update on the third-quarter performance
of Schroders PLC's assets under management is not expected to drive
material changes to consensus estimates, Citi says. The FTSE 100
asset manager's assets under management division performance missed
consensus by 1%, but the performance of its wealth management
division was 2% higher than anticipated, the U.S. bank notes. The
company's wealth management division performance should encourage
investors of the positive momentum on flows in wealth, Citi adds.
Citi has a target price of 37.50 pence a share and a neutral rating
on SDR shares. (email@example.com; @sabelaojeaguix)
Contact: London NewsPlus, firstname.lastname@example.org
(END) Dow Jones Newswires
October 18, 2021 04:55 ET (08:55 GMT)
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