FTSE 100 Edges Lower as Miners Fall, Utilities Gain

0803 GMT - The FTSE 100 edges 0.1% lower to 7208, with losses for miners offsetting gains for utilities. Antofagasta is the biggest faller, down 4% after the Chilean copper miner forecast lower copper production for 2022. Fellow sector players Rio Tinto, BHP and Glencore are also in the red. Among the biggest risers are Centrica, SSE and National Grid. "Driven by basic resources, the FTSE 100 has opened lower, but is still holding onto 7,200, with broader European markets trading to the downside after tepid gains yesterday," Interactive Investor analyst Victoria Scholar says. (philip.waller@wsj.com)

Companies News: 

Segro Third-Quarter Rental Income Rose

Segro PLC said Wednesday that the rental income it contracted during the third quarter of 2021 rose 63%, and its vacancy rate declined further on the back of strong demand for space.


Antofagasta Expects Copper Production to Fall in 2022

Antofagasta PLC on Wednesday forecast lower copper production for 2022, reflecting a lack of rainfall and lower grades at its Centinela Concentrates operation.


Avast 3Q Revenue, Adjusted Ebitda Rose; Reaffirms FY Outlook

Avast PLC said Wednesday that its adjusted Ebitda and revenue for the third quarter of 2021 increased when compared with the year-earlier period, and reiterated its full-year outlook.


Deliveroo 3Q Orders, Gross Transaction Value Rose; Raises Full-Year Transaction Value Guidance

Deliveroo PLC said Wednesday that it saw a rise in orders and gross transaction value in the third quarter of 2021, and raised its guidance for gross transaction value for the year.


Burberry Appoints Versace's Jonathan Akeroyd as New CEO

Burberry Group PLC said Wednesday that it has appointed Jonathan Akeroyd, currently Gianni Versace SpA's chief executive, as its new CEO.


Real Good Food Sees Positive 1H Ebitda as Revenue Returns to Pre-Pandemic Levels

Real Good Food PLC said Wednesday that it achieved profitability at the Ebitda level in the first half of the fiscal year, as revenue returned to pre-pandemic levels.


Anglo American Says De Beers' Rough-Diamond Sales Fell

Anglo American PLC said Wednesday that rough-diamond sales by its majority-owned De Beers Group fell 6.1% in the eight sales cycle of 2021 compared with the previous cycle, but said sales were higher compared with the same cycle last year.

Market Talk: 

Segro 3Q Broadly Matches Hopes

0824 GMT - Shares in Segro fall 0.7% after the industrial-property group reported higher third-quarter rental income and said its vacancy rate declined further on the back of strong demand for space. The trading update broadly matched expectations, showing once again healthy leasing figures and the company's ambition to increase its line-up of new developments further with more land-banking, Numis Securities says, though it keeps its hold rating on the stock. (philip.waller@wsj.com)

Deliveroo's Guidance Upgrade Matches Market Views

0822 GMT - Deliveroo's third quarter results and guidance upgrade for the year are in-line with consensus expectations, Citi says. The food delivery company's guidance for gross transaction value growth of 60%-70% for 2021 brings management figures into line with consensus views of 65%, so any change in market forecasts are unlikely, the U.S. bank says. "We expect a relatively neutral share price reaction, albeit we see solid U.K. growth as a positive sign," Citi says, retaining its neutral / high risk rating and target price of 370 pence. Shares are up 2.1% at 296.5 pence. (joseph.hoppe@wsj.com)


Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

October 20, 2021 04:49 ET (08:49 GMT)

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