FTSE 100 Edges Higher in Early Trade
0918 GMT - The FTSE 100 edges up 0.1% to 7294.75 in early trade,
with gains for heavyweight miners offset by falls in oil-linked
stocks, retailers and banks. Sentiment is soured slightly after
Federal Reserve minutes showed various participants felt central
banks should be prepared to taper and raise rates faster if
inflation remained strong. Trade on Thursday is expected to be
subdued, however, due to the U.S. Thanksgiving holiday. "The U.S.
Thanksgiving celebrations should ensure a relatively muted affair
later into the day," IG says. Miner Antofagasta is the biggest
riser, up 1.9%, while Johnson Matthey is the biggest faller, down
1.1% as the stock remains out of favor after Wednesday's 1H
UK Energy Supplier Bulb Enters Government-Funded
British energy supplier Bulb Energy Ltd. has entered into
special administration after it declared itself insolvent on
Studio Retail Expects Adjusted Pretax Profit to Drop in FY 2022;
Shares in Studio Retail Group PLC on Thursday fell after the
company said it expects to post a decline in full-year adjusted
pretax profit, despite a significant rise in pretax profit for the
first half of fiscal 2022.
Vivo Energy Agrees to $2.3 Bln Takeover By Vitol Group
Vivo Energy PLC said Thursday that it has agreed to a $2.3
billion takeover by VIP II Blue B.V., a wholly-owned, indirect
subsidiary of Vitol Investment Partnership II Ltd.
Mothercare Swung to Pretax Profit in 1H
Mothercare PLC said Thursday that it swung to a pretax profit in
the first half of fiscal 2022 as it implemented measures to improve
profitability amid a return to pre-pandemic levels of business.
Motorpoint Sees FY 2022 Profit Significantly Ahead of
Motorpoint Group PLC said Thursday that it expects performance
for the year ending March 31 to be significantly ahead of
expectations, and reported an improved profit for the first
Mitchells & Butlers FY 2021 Pretax Loss Narrowed on Recovery
Mitchells & Butlers PLC on Thursday reported a narrowed
pretax loss for fiscal 2021 and said it is returning to
profitability as demand recovers from pandemic-related
Motorpoint Appoints John Walden as Chairman
Motorpoint Group PLC said Thursday that it has appointed John
Walden as nonexecutive chairman with effect from Jan. 10.
Headlam Expects 2021 Revenue to Meet Market Forecasts, Adjusted
Pretax to Beat
Headlam Group PLC said Thursday that revenue is on track to meet
market forecasts for the year with adjusted pretax profit expected
to be "marginally ahead."
James Latham 1H Profit Rose
James Latham PLC on Thursday reported a significantly improved
profit for the first half of the fiscal year, but warned of
continuing challenges in the supply chain and high costs.
GENinCode Revenue Rises in Europe, as Expected
GENinCode PLC said Thursday that its European revenue increased
in the second half, in line with market guidance.
ECO Animal Health Shares Fall After 1H Results
ECO Animal Health Group PLC shares fell 16% in early trade
Thursday after the company reported a reduced pretax profit for the
first half of fiscal 2022, which it blamed on a fall in China pig
Tharisa Sees FY 2021 EPS in the Range of $0.37 to $0.38
Tharisa PLC said Thursday that it expects to report earnings per
share of between $0.37 and $0.38 for the year ended Sept. 30.
MacFarlane Group Expects to Beat Previous Guidance for 2021
MacFarlane Group PLC said Thursday that it expects to beat
previous earnings expectations for the year after a robust
performance to date.
Nuformix Shares Rise on Positive Trial Studies
Shares in Nuformix PLC rose 21% in early trade Thursday after
the company reported positive data from initial pre-clinical
studies of its new treatment NXP002 for idiopathic pulmonary
Michelmersh Brick to Report Market-Beating 2021 Revenue,
Michelmersh Brick Holdings PLC said Thursday that it expects to
report market-beating revenue and profit for the year.
Omega Diagnostics Shares Fall on Widened 1H Loss, Expired UK
Shares in Omega Diagnostics Group PLC fell sharply Thursday
after the company reported a widened loss for the first half of the
financial year and confirmed that its contract with the U.K.
Department of Health and Social Care has expired.
Hill & Smith Says Four-Month Revenue Rose 4%, Is on Track to
Hit 2021 Profit Forecast
Hill & Smith Holdings PLC said Thursday that revenue for the
four months ended Oct. 31 has risen 4% on an organic
constant-currency basis and that it remains on track to meet
full-year consensus profit forecasts.
Mears Sees 2021 Revenue Above Guidance; Adjusted Pretax Profit
at Top End of Range
Mears Group PLC said Thursday that it expects to beat
management's revenue expectations for 2021 with adjusted pretax
profit at the top end of the previously guided range, as it
benefits from good demand and contracts volume.
Hochschild Shares Set for Re-Rating After Peru Clarification
0757 GMT - The Peruvian government's latest statement regarding
Hochschild's Inmaculada and Pallancata mines is a clear, proactive
and positive step which indicates the importance of foreign
investment and reaffirms the rule of law, RBC Capital Markets says.
Although there will remain risks around increased taxes and
community support, the incident may in the end serve to de-risk
Peru, and in the end enhances confidence in the Hochschild
investment case, RBC says. "The political risking of Hochschild
shares were already elevated heading into this incident and we
believe that the shares are now set for a rerating. We reiterate
our outperform rating," the bank says.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka
Halas at email@example.com
(END) Dow Jones Newswires
November 25, 2021 04:52 ET (09:52 GMT)
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