FTSE 100 Edges Lower as Miners Fall
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.
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
Real Good Food Sees Positive 1H Ebitda as Revenue Returns to
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.
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. (email@example.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.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
(END) Dow Jones Newswires
October 20, 2021 04:49 ET (08:49 GMT)
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