FTSE 100 Falls on Weaker Oil, Mining Stocks
December 15 2021 - 4:42AM
Dow Jones News
FTSE 100 Falls as Oil, Mining Stocks Drop
0910 GMT - The FTSE 100 drops 0.2%, or 12 points to 7206 as
losses for oil and mining stocks weigh on London's blue-chip index.
BP and Royal Dutch Shell are among the biggest fallers as the price
of a barrel of Brent crude drops 0.4% to $73.38, while miners lose
ground as base and precious-metal prices fall. Markets in China and
Hong Kong fell after downbeat economic data. The Bank of England is
expected to hold off raising interest rates Thursday despite CPI
inflation reaching a 10-year high of 5.1%, IG says. "Looking ahead,
watch out for the latest Canadian CPI, US retail sales, crude
inventories, and the FOMC rate decision," IG analysts say.
(philip.waller@wsj.com)
Companies News:
Cineworld Shares Fall After Losing Lawsuit Against Cineplex
Shares in Cineworld Group PLC fell in early trade Wednesday
after the Ontario Superior Court of Justice ruled in favor of rival
Cineplex over the cancellation of a takeover deal in June 2020.
---
Bunzl Sees High Single-Digit Growth in 2021 Underlying Revenue
From 2019
Bunzl PLC said Wednesday that it expects 2021 underlying revenue
to show high single-digit growth when compared to 2019, and that it
expects 2022 revenue to be slightly higher than in 2021 at constant
exchange rates.
---
IAG in Advanced Talks to Cancel Air Europa Purchase
Agreement
International Consolidated Airlines Group SA said Wednesday that
discussions to terminate the agreement to buy Spanish airline Air
Europa from Globalia Corporacion Empresarial were at an advanced
stage.
---
Hollywood Bowl FY 2021 Pretax Profit Dropped; Confident About FY
2022 Growth
Hollywood Bowl Group PLC on Wednesday reported a
more-than-halved pretax profit for fiscal 2021, and said that it is
confident about its performance for fiscal 2022.
---
Currys 1H Pretax Profit Rose; Backs FY 2022 Guidance Despite
Soft Holiday Run-Up
Currys PLC on Wednesday reported a 6.7% rise in pretax profit
for the first half of fiscal 2022, and said it remains on track to
meet adjusted-pretax-profit expectations for the year, despite
softer demand in the run-up to Christmas.
---
Midwich Group Raises 2021 Adjusted Pretax Profit
Expectations
Midwich Group PLC said Wednesday that it expects full-year
adjusted pretax profit to be materially ahead of its previous
expectations despite continuing product shortages.
---
Character Group FY 2021 Pretax Profit Rose
Character Group PLC said on Wednesday that pretax profit for
fiscal 2021 rose as revenue increased, and that it was on target to
meet current market expectations despite pressure on margins
stemming from high freight rates and a rise in materials and labor
costs.
---
MusicMagpie Says FY 2021 Performance Was in Line With
Expectations
MusicMagpie PLC said Wednesday that its financial performance in
fiscal 2021 was in line with management's expectations.
---
Avacta Shares Rise on Covid-19 Antigen Test Detecting Omicron
Variant
Shares in Avacta Group PLC rose on Wednesday after the company
said that its Covid-19 antigen lateral flow test detects the
Omicron variant.
---
M&C Saatchi Sees FY 2021 Operating Profit Ahead of
Expectations
M&C Saatchi PLC said Wednesday that it expects its operating
profit for the full year 2021 to be materially ahead of
expectations, boosted by stronger demand from its existing
clients.
---
Sareum Holdings Shares Rise After European Patent Notice
Shares in Sareum Holdings PLC rose on Wednesday after the
company said that the European Patent Office has issued an
'Intention to Grant' notice for a patent in respect of an invention
associated with its proprietary SDC-1802 TYK2/JAK1 Kinase inhibitor
program.
Market Talk:
IAG's Decision to End Air Europa Acquisition Was No Surprise
0826 GMT - IAG's confirmation of it being in discussions to
terminate its acquisition of Air Europa was widely expected, Citi
says. The airline group--which houses British Airways and Iberia
among others--faced regulatory hurdles posed by the European
Commission as well as the U.K.'s Competition and Markets Authority,
the U.S. bank says. Citi has a buy rating on the stock and a
GBP2.50 target price. Shares are down 0.2% at 132.32 pence.
(anthony.orunagoriainoff@dowjones.com)
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka
Halas at sarka.halas@wsj.com
(END) Dow Jones Newswires
December 15, 2021 04:27 ET (09:27 GMT)
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