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. (philip.waller@wsj.com)

Companies News: 

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 Project

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 Begun Well

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 with guidance.


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 year-earlier quarter.


Moneysupermarket.com Says 3Q Revenue Fell 10% But Backs 2021 Ebitda Guidance

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.

Market Talk: 

UK's Sale of New July 2053 Green Gilt Via Syndication Expected Today

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. (lorena.ruibal@wsj.com)


Contact: London NewsPlus, paul.larkins@wsj.com

(END) Dow Jones Newswires

October 19, 2021 04:12 ET (08:12 GMT)

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