The FTSE 100 closed higher on Wednesday after comments from
BioNTech's CEO overnight and further data suggesting the Omicron
variant is less severe than first thought helped investors to build
a more bullish outlook, Chief Market Analyst at IG Chris Beauchamp
says. The index has recovered significantly from Tuesday's losses
in a dark November following a strong October, Beauchamp says. "It
looks like the buyers that failed to show up yesterday have come
back in strong form today," Beauchamp adds.
Companies News:
TPXimpact Holdings Swung to 1H Pretax Profit; On Track to Meet
FY Rev Views
TPXimpact Holdings PLC on Wednesday reported a swing to a pretax
profit for the first half of fiscal 2022 on higher revenue, and
said it is on track to meet market expectations for full-year
revenue.
---
San Leon Appoints Julian Tedder as CFO
San Leon Energy PLC said Wednesday that it has appointed Julian
Tedder as chief financial officer.
---
Marechale Capital Swung to 1H Profit on Investment Gains
Marechale Capital PLC said Wednesday that it swung to a
first-half pretax profit primarily on the back of investment gains,
and that revenue significantly rose.
---
Vh Global Sustainable Energy Opportunities Raised GBP70 Mln to
Fund Assets Pipeline
Vh Global Sustainable Energy Opportunities PLC said Wednesday
that it has raised 70 million pounds ($93.1 million) via a
discounted share placing, and that it will use the net proceeds to
fund its assets pipeline.
---
Team PLC Buys Omega Financial Services for Up to GBP4 Mln
Team PLC said Wednesday that it has bought Omega Financial
Services Ltd. for up to 4 million pounds ($5.3 million).
---
Chrysalis Investments Plans to Raise GBP125M to Expand
Portfolio
Chrysalis Investments Ltd. said Wednesday it is planning to
raise 125 million pounds ($166.3 million) via a share placing and
will put the money toward new investment opportunities.
---
Spectral MD Holdings Appoints New CFO
Spectral MD Holdings Ltd. said Wednesday that it has appointed
Nils Windler as chief financial officer with effect from this
week.
---
Residential Secure Income FY2021 Pretax Profit Jumps on Rental
Growth
Residential Secure Income PLC on Wednesday reported a higher
pretax profit for fiscal 2021 on higher income growth and a
revaluation of its properties.
---
Faron Pharmaceuticals Chief Medical Officer to Step Down
Faron Pharmaceuticals Oyj said Wednesday that Chief Medical
Officer Matti Karvonen will leave the role on Dec. 1
---
Windward to Float on AIM on Dec. 6
Windward Ltd. said Wednesday that it plans to float on London's
junior AIM on Dec. 6 following an institutional placing raising
around 34.5 million pounds ($45.9 million).
---
LBG Media to Float in London in Mid-December
Digital media and youth-content publisher LBG Media PLC said
Wednesday that it expects to float on London's junior AIM in
mid-December.
---
Clinigen Erwinaze License Application Rejected by FDA in Current
Form
Clinigen Group PLC said Wednesday that the U.S. Food and Drug
Administration has issued a complete response letter to its partner
Porton Biopharma Ltd., rejecting its leukemia treatment license
application in its current form.
---
GCP Infrastructure Investments Appoints New Chairman
GCP Infrastructure Investments Ltd. said Wednesday that it will
appoint Andrew Didham as chairman from June 2022.
---
Comptoir Appoints Finance Director Michael Toon to Board
Comptoir Group PLC said Wednesday that it has appointed Finance
Director Michael Toon to its board with immediate effect.
---
Mobile Streams Sees Progress in Monthly Revenue During FY
2022
Mobile Streams PLC said Wednesday that monthly revenue across
all of its channels exceeds $80,000, and that it has made strong
progress for its current financial year ending in June 2022.
---
Domino's Pizza Group Vice Chairman to Step Down in 2022
Domino's Pizza Group PLC said Wednesday that Nonexecutive Vice
Chairman Colin Halpern will step down after the 2022 annual
meeting.
---
Cora Gold Raises GBP4.3 Mln Via Share Issue
Cora Gold Ltd. said Wednesday that it has raised 4.3 million
pounds ($5.7 million) via a share issue to progress its exploration
projects.
---
Skillcast Group Shares Rise in Stock Market Debut
Shares in Skillcast Group PLC rose as much as 13% in early trade
Wednesday as the company started trading on the London Stock
Exchange's junior AIM, implying a market capitalization of 37.3
million pounds ($49.6 million).
Market Talk:
Novatek Secures EUR9.5 Bln Financing Package for Arctic LNG
2
1116 GMT - The Novatek-operated Arctic LNG 2 project in Russia
has secured the EUR9.5 billion external financing package required
to fund construction. This marks the completion of a key step in
the project's development, ahead of the expected startup of train 1
in 2023, Citi says. The project's success in securing financing
comes at a time when global gas markets remain squeezed--a
supportive environment for gas producers--and bolsters Novatek's
position as a growing dominant player in the global LNG market,
Citi says. Arctic LNG 2 will consist of three trains with an annual
liquefaction capacity of 6.6 million metric tons each.
---
Petropavlovsk's Tensions With Main Shareholder to Weigh on
Shares
1058 GMT - The substantial tensions between the Petropavlovsk
board and major shareholder UGC is expected to weigh on the mining
company's shares in the short term, Peel Hunt says. UGC has
apparently named all board members and Petropavlovsk itself in a
lawsuit aiming at breaking up the sale of a 29.9% stake in IRC
Ltd., an iron ore miner in the Russian Far East, for $10 million.
The market capitalization of IRC has increased considerably since
the deal was agreed to in March 2020, and the stake is now worth
$62 million, Peel Hunt notes.
---
Marlowe 1H Results Were in Line With Expectations
1042 GMT - Marlowe reported interim results in line with
expectations, Peel Hunt says. The regulatory compliance specialist
expects to materially overachieve against its fiscal 2024 financial
targets, and Peel Hunt says it can deliver EPS of 68 pence in that
financial year. "With the equity funding and banking facilities in
place and high confidence in Marlowe's ability to achieve its
targets we increase our target price from 951p to 1,026p," the
brokerage says. Peel Hunt reiterates a buy rating on the stock.
Shares are up 0.2%.
---
UK Regulator's Pressure on Water Companies Isn't Seen as Risk
for Listed Names
1024 GMT - Ofwat continues to put pressure on the operations and
structure of some of the U.K. private water companies, RBC Capital
Markets says after The Guardian reported that the regulator raised
a red flag over the financial health of Southern Water, Yorkshire
Water and SES Water. However, the bank's analysts don't see this as
a risk for the listed companies, which continue to be some of the
most efficient in the sector. Furthermore, recent half-year results
highlighted good progress on the key performance measures that
Ofwat has set for the sector, RBC says.
---
UK Manufacturing Input Prices Rise at Record Pace in
November
1014 GMT - U.K. manufacturing activity grew at slightly slower
pace than previously thought in November and input prices rose at a
record rate due to supply chain pressures, according to the IHS
Markit/CIPS purchasing managers' index survey. "Manufacturers are
facing a challenging backdrop, with rising supply chain
disruptions, staff shortages and inflationary pressures stifling
growth while ongoing difficulties caused by Brexit and logistical
headaches restrict opportunities to expand into overseas market,"
Markit director Rob Dobson says. "New export sales fell for the
third straight month." November's manufacturing PMI was revised to
58.1 from 58.2 previously, compared to 57.8 in October, with a
level above 50 signaling expansion. GBP/USD and EUR/GBP are little
changed after the data at 1.3317 and 0.8503 respectively.
---
UK's Factory Activity Gathered Steam in November, Price
Pressures Intensified
0959 GMT - U.K. manufacturing activity accelerated slightly in
November, but stretched supply chains drove up input prices to the
greatest extent in at least three decades, IHS Markit's purchasing
managers survey shows. The manufacturing PMI jumped to a
three-month high in November, to 58.1 from 57.8 in October, despite
labor and input shortages constraining production. The data shows a
survey-record increase in average purchase prices, with around
three-quarters of manufacturers reporting price rises and less than
1% seeing falls. "The survey highlights how the subdued rate of
manufacturing growth and export decline leaves industry in a
vulnerable position to any new headwinds, not least the Omicron
variant," IHS Markit Director Rob Dobson says.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka
Halas at sarka.halas@wsj.com
(END) Dow Jones Newswires
December 01, 2021 12:09 ET (17:09 GMT)
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