FTSE 100 Treads Water; Housebuilders Gain on Bellway Results
FTSE 100 Treads Water; Construction Stocks Gain
0755 GMT - The FTSE 100 Index is flat at 7203, though
house-builders gain after FTSE 250 sector player Bellway reported
higher full-year profit and a good start to the new year. Taylor
Wimpey, Barratt Developments, Persimmon and Berkeley Group are all
among the risers, with Bellway shares gaining nearly 4%. "Bellway
has defended its corner well in the face of any number of
challenges, while at the same time positioning for growth with an
aggressive land-acquisition program," Interactive Investor analyst
Richard Hunter says. At the other end of the spectrum, financial,
utility and travel-related stocks fall. Oil stocks gain as the
price of a barrel of Brent crude increases 0.6% to $84.80.
BHP First-Quarter Iron Ore, Copper Output Falls
BHP Group Ltd. produced less iron ore, copper and steelmaking
coal in its first fiscal quarter mostly because of planned
maintenance work at its operations.
Centamin Reports Higher 3Q Revenue, Backs 2021 Guidance
Centamin PLC on Tuesday reported higher revenue for the third
quarter and reaffirmed full-year production and cost guidance.
UK Govt to Investigate Parker Hannifin's $8.65 Bln Planned
Takeover of Meggitt
The U.K. Government said late Monday that it was investigating
Parker Hannifin Corp.'s planned 6.3 billion pound ($8.65 billion)
takeover of Meggitt PLC on national security grounds.
Hochschild to Demerge 80% Stake in Aclara Rare Earths
Hochschild Mining PLC said Tuesday that it intends to demerge a
majority stake in its Aclara rare earths project in Chile ahead of
its listing on the Toronto Stock Exchange.
Bellway FY 2021 Pretax Profit Rose Significantly; FY 2022 Has
Bellway PLC said Tuesday that its pretax profit more than
doubled in fiscal 2021 and that the new year began well.
888 Holdings Says 3Q Revenue Rose 7% to $230 Mln
888 Holdings PLC on Tuesday reported a 7% increase in revenue
for the third quarter of the financial year.
Wise PLC 2Q Revenue, Transaction Volumes Rose
Wise PLC said Tuesday that revenue and transaction volumes grew
significantly in the second quarter of fiscal 2022, in line with
its forecasts, and that it expects to continue performing in line
IntegraFin Funds Under Direction Rose in 4Q
IntegraFin Holdings PLC said Tuesday that funds under direction
increased in the fourth quarter of fiscal 2021 compared with the
Moneysupermarket.com Says 3Q Revenue Fell 10% But Backs 2021
Moneysupermarket.com Group PLC on Tuesday reported a 10% fall in
third-quarter revenue but said it still expects to meet Ebitda
market expectations for the year.
UK's Sale of New July 2053 Green Gilt Via Syndication Expected
0712 GMT - The U.K. is expected to sell about GBP6 billion in a
new July 2053 green gilt via a syndication of banks Tuesday, which
could exert some pressure on existing longer-dated bonds, says
Mizuho. "At a size of around GBP6bn, this could bring some bearish
pressure on the long-end, but we expect the supply to go very
well," analysts at the bank say. They expect a "sizeable" order
book, given the deal is likely to attract ESG funds as well
longer-term investors. The 30-year bond "will look particularly
attractive to the pension/LDI [liability-driven investors]
community who won't necessarily mind paying a slight premium for a
decent block of duration," they say. (email@example.com)
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(END) Dow Jones Newswires
October 19, 2021 04:12 ET (08:12 GMT)
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