FTSE 100 Rises in Early Trade; Oil Stocks Are Up

The FTSE 100 rises 0.2% to 7142.78 in early trade as equities are helped by easing fears about the Omicron variant of Covid-19, though concerns linger about prospects of early monetary tightening by the U.S. Federal Reserve. "Markets have regained some poise at the end of a difficult week which was marred by Omicron fears and an increasingly hawkish outlook from central banks," Richard Hunter, head of markets at interactive investor, says. Even so, uncertainty remains and volatility is likely to stay elevated, he says. Rises in oil prices boost heavyweight oil-linked stocks, with BP the biggest riser, up 2%, though mining stocks are mostly lower. Easing virus fears lift travel stocks, with British Airways owner International Consolidated Airlines up 1.9%.

 
Companies News: 

Kenmare Resources Names Andrew Webb as Incoming Chairman in 2022

Kenmare Resources PLC said Friday that it has appointed Andrew Webb as chairman designate and nonexecutive director, and will succeed current chairman Steven McTiernan after the company's annual general meeting in 2022.

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UK High Court Dismisses UGC's Claim Against Petropavlovsk

Petropavlovsk PLC said Friday that the U.K. High Court has dismissed the claim made by shareholder JSC Uzhuralzoloto Group of Companies against the company and its directors.

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Duke Royalty 1H Pretax Profit Increased; Sees Full-Year Performance Beating Market Views

Duke Royalty Ltd. on Friday reported a higher pretax profit for the first half of fiscal 2022, and said it is on track to exceed market expectations for the full year.

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Wickes Group Raises 2021 Adjusted Pretax Profit Guidance on Strong Sales

Wickes Group PLC said Friday that it has raised its 2021 adjusted pretax profit guidance following a strong performance in the fourth quarter so far, with sales in line with expectations.

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Chariot Raises $9.5 Mln in Share Placing and Subscription

Chariot Ltd. said Friday that it has conditionally raised $9.5 million in total through a share placing and subscription, and that it intends to raise up to $2 million more through an open offer.

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Origo Auctions Stake in Mongolia Molybdenum Project

Origo Partners PLC said Friday that it is putting its 20% stake in Moly World Ltd. up for auction.

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i(x) Net Zero to List in London, Raise GBP20 Mln

i(x) Net Zero PLC said Friday that it intends to float on London's alternative investment market in late December, raising 20 million pounds ($26.6 million) in a proposed placing.

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Mind Gym Swung to 1H Pretax Profit on Higher Revenue; Appoints New CFO

Mind Gym PLC said Friday that it swung to a pretax profit for the first half of fiscal 2022 as revenue returned to pre-pandemic levels, and that it has named Dominic Neary as its new chief financial officer.

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Nationwide Building Society Appoints Debbie Crosbie as New CEO

Nationwide Building Society said Friday that it has appointed Debbie Crosbie as its new chief executive officer.

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Ncondezi Energy Sells Mozambique Green Power for $1.3 Million

Ncondezi Energy Ltd. said Friday that it has agreed to sell Mozambique Green Power to Green Energy SPV PLC for $1.3 million.

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Downing Renewables & Infrastructure Secures Two Lines of Credit

Downing Renewables & Infrastructure Trust PLC said Friday that it has secured two separate lines of credit through subsidiaries to fund acquisitions, refinance hydropower assets and meet capital expenditure requirements.

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PPHE Hotel Group Limited Completion of Franz Ferdinand Resort acquisition

TIDMPPH

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Swedish Pharma Company Sobi Shares Fall After Advent, Aurora Withdraw Their Near $8 Bln Takeover Offer

Shares in Swedish Orphan Biovitrium AB fell sharply Friday after Advent International Corporation and Aurora Investment Pte Ltd withdrew their offer to acquire the Swedish drugmaker for nearly $8 billion.

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Octopus Renewables Raises GBP73.9 Million for Investments

Octopus Renewables Infrastructure Trust PLC said Friday that it has raised around 73.9 million pounds ($98.3 million) to invest in renewable energy assets and diversify its portfolio.

 

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com

(END) Dow Jones Newswires

December 03, 2021 04:45 ET (09:45 GMT)

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