FTSE 100 Falls Sharply as Omicron Fears Reemerge
0954 GMT - The FTSE 100 index falls 1.5% to 7007.03, having hit
an intraday seven-week low of 7000.13, as risk aversion rocks
markets after Moderna's CEO said existing vaccines would be much
less effective at tackling the Omicron variant of Covid-19. Travel
and tourism stocks are among the worst hit, with InterContinental
Hotels down 3.7% and British Airways owner International
Consolidated Airlines down 3.2%. Heavyweight oil-linked stocks fall
in tandem with oil prices, with BP and Royal Dutch Shell both down
2.9%. Real-estate, leisure and banking stocks are also among the
biggest fallers. "The prospect of new restrictions before Christmas
puts a lot of pressure on energy and travel & leisure stocks,"
says ActivTrades analyst Pierre Veyret.
WPP Acquires Cloud Commerce Group for Undisclosed Sum
WPP PLC said Tuesday that it has acquired U.K.-based e-commerce
technology platform Cloud Commerce Group for an undisclosed
Marston's FY 2021 Loss Narrowed on Lower Exceptional Costs
Marston's PLC on Tuesday reported a narrowed loss for the year
ended Oct. 2, reflecting lower net exceptional costs, and said that
current performance is encouraging.
Pennon 1H Pretax Profit Rose
Pennon Group PLC on Tuesday reported improved earnings for the
first half of the fiscal year, helped by the acquisition of Bristol
Water in June.
Topps Tiles Swung to FY 2021 Pretax Profit; Resumes Dividend
Topps Tiles PLC reported Tuesday a swing to pretax profit for
fiscal 2021 boosted by higher revenue and reinstated its dividend
MGC Pharmaceuticals to Raise GBP5.5 Mln Via Share Placing
MGC Pharmaceuticals Ltd. said Tuesday that it received support
to raise 5.5 million pounds ($7.3 million) via a share placing, and
that it will put the money toward its Covid-19 treatment CimetrA, a
new Malta production facility and for general working capital
Countryside Swung to FY 2021 Pretax Profit, Revenue Rose
Countryside Properties PLC said Tuesday it swung to a pretax
profit for fiscal 2021 on the back of an increase in homes sold and
Micro Focus International Targets 1%-2% Medium-Term Rev
Micro Focus International PLC said Tuesday that it is targeting
medium-term revenue growth of 1%-2% and the cutting of $400 million
to $500 million in costs by the end of fiscal 2023.
DP Eurasia Ten-Month Sales Rose 52%
DP Eurasia NV said Tuesday that its sales grew 52% in the first
ten months of the year, reflecting strong demand in Turkey.
EasyJet FY 2021 Pretax Loss Narrowed, Revenue Fell Due to
EasyJet PLC said Tuesday that its fiscal 2021 pretax loss
narrowed, beating market expectations on the back of reduced costs
and that it expects to recover further in the new year, though
Future FY 2021 Pretax Profit, Revenue Rose
Future PLC said Tuesday that profit for fiscal 2021 rose as
revenue increased, and raised its guidance for fiscal 2022.
Town Centre Securities Posts Narrowed FY 2021 Pretax Loss
Town Centre Securities PLC said Tuesday that its pretax loss
narrowed in fiscal 2021, as it benefited from revaluations of its
portfolio, though revenue fell.
Sosandar 1H Pretax Loss Narrowed; Performance Ahead of FY
Sosandar PLC on Tuesday reported a narrowed pretax loss for the
first half of fiscal 2022, backed by higher revenue as
coronavirus-related restrictions eased, and said it is currently
operating ahead of market expectations.
Hochschild to Acquire Brazil-Focused Miner Amarillo Gold
Hochschild Mining PLC said Tuesday that it has agreed to acquire
TSX-listed Amarillo Gold Corp. for a transaction value of 164.5
million Canadian dollars (US$129.1 million).
One Media iP Group Sees FY 2021 Revenue, Ebitda Increase
One Media iP Group PLC said Tuesday that it expects to report
increased revenue and earnings before interest, taxes, depreciation
and amortization for fiscal 2021.
Greencore Group Swung to FY 2021 Pretax Profit as Revenue
Greencore Group PLC said Tuesday that it swung to a pretax
profit for fiscal 2021 as revenue rose after the food-to-go and
convenience categories posted growth.
VP PLC Reports 1H Profit, Sees FY 2022 Performance in Line
VP PLC on Tuesday reported improved earnings for the first half
of the fiscal year, and forecast a full-year performance in line
with internal expectations.
John Menzies Sees 2021 in Line With Views; Warns on Labor
John Menzies PLC said Tuesday that the board expects 2021
performance to be at least in line with market expectations, but
noted that labor availability, particularly in North America,
GB Group 1H Pretax Profit Fell; 2H Seen in Line With Views
GB Group PLC said Tuesday that pretax profit fell for the first
half of fiscal 2022 after booking higher costs, and that the board
was confident of meeting its financial expectations for the
remainder of the fiscal year.
European Travel Recovery Seen Only Delayed by a Quarter if
Vaccines Work Against Omicron
0921 GMT - In the favorable scenario in which existing vaccines
are effective against the new Omicron variant, the travel recovery
in Europe should only be delayed by a quarter due to the renewed
restrictions put in place to fight the more contagious Covid-19
strain, HSBC forecasts. "The current outlook for aviation stocks
will likely be shaped by the effectiveness of vaccines against the
new Omicron variant," the bank says. Less favorable scenarios on
vaccines effectiveness could mean that recovery could be delayed by
up to one full year, it says. (firstname.lastname@example.org)
EasyJet's Upcoming Second-Half Bookings Beat Pre-Covid-19
0850 GMT - EasyJet's fiscal 2021 results roughly met
expectations, though second-half revenue already booked for fiscal
2022 is ahead of pre-pandemic, fiscal 2019 levels, Citi says. The
budget airline can't provide financial guidance for fiscal 2022
given short-term uncertainties, but expects to reach pre-pandemic
capacity by 2023, the U.S. bank says. Given travel restrictions,
EasyJet expects to fly up to 65% of fiscal 2019 planned capacity in
the first quarter of fiscal 2022--slightly lower than the 70%
guided in October, Citi says. "We think the shares will react in
line with the market today, given the lack of new detail in today's
report," Citi says, retaining its sell rating and target price of
450 pence. Shares are up 0.9% at 507.2 pence.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
(END) Dow Jones Newswires
November 30, 2021 05:10 ET (10:10 GMT)
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