FTSE 100 Closes Up, Boosted by Travel, Retail and Energy
The FTSE 100 closed up 1.3% on Wednesday on the back of travel,
retail and energy stocks, with IAG, Ocado and Shell the top risers.
The index managed to temporarily recover its losses for the week as
stronger energy prices and yields drove gains, with the market
awaiting the outcome of the U.S. Federal Reserve's latest meeting.
"We've also seen a belated bounce in travel shares after the
uncertainty at the beginning of this week, as the imminent dropping
of testing for fully vaccinated passengers sees a sharp rally in
the likes of IAG, easyJet and Holiday Inn owner IHG," Michael
Hewson at CMC Markets said.
Sage Group Says 1Q Was in Line; Backs FY 2022 Guidance
Sage Group PLC said Wednesday that growth was in line with
expectations in the first quarter of its fiscal 2022 and it backed
its guidance for the full year.
U.K. Watchdog Issues Enforcement Order on National Express,
The U.K. Competition and Markets Authority on Wednesday issued
an initial enforcement order on National Express Group PLC's
planned takeover of Stagecoach Group PLC, preventing the companies
from fully combining while it considers the deal.
Fresnillo Operations in Mexico Hit by Omicron Variant, New Labor
Fresnillo PLC on Wednesday said that the pandemic and the new
labor reform in Mexico is hampering its mining operations, and
forecast lower gold production for this year.
Brewin Dolphin 1Q Total Funds Under Management Rose
Brewin Dolphin Holdings PLC said Wednesday that its total funds
under management rose in the first quarter of fiscal 2022,
benefiting from growth across both its direct and indirect
Playtech Notes Media Speculation on Future; Reiterates Support
for Aristocrat Bid
Playtech PLC said Wednesday that it has noted recent media
speculation on its future strategy and that it reiterates its
recommendation that shareholders vote in favor of the offer from
Aristocrat Leisure Ltd.
Wizz Air 3Q Pretax Loss Widened; Warns on 4Q Results
Wizz Air Holdings PLC on Wednesday reported a widened pretax
loss for the third quarter of fiscal 2022 after booking
significantly higher prices and seeing the average revenue per
passenger decrease, and warned of a hit from the impact of the
Omicron Covid-19 variant in the last quarter of the year.
Tullow Oil Sees 2021 Free Cash Flow Ahead of Guidance
Tullow Oil PLC said Wednesday that it expects to report
better-than-expected free cash flow for 2021, reflecting supportive
oil prices, focus on costs and favorable working capital
Bloomsbury Publishing Says FY 2022 Revenue, Profit to Beat
Bloomsbury Publishing PLC said Wednesday that it expects to
report revenue and profit ahead of market expectations for fiscal
Digital 9 Infrastructure Raises GBP95.2 Mln via Share
Digital 9 Infrastructure PLC said Wednesday that it has raised
95.2 million pounds ($128.6 million) via the share placing
announced earlier this month.
Pets at Home Expects FY2022 Underlying Pretax Pft to Beat Market
Views After Strong 3Q
Pets at Home Group PLC said Wednesday that revenue increased in
the third quarter of fiscal 2022, and that it expects to post a
full-year underlying pretax profit above market expectations.
Quilter 4Q Assets Under Management Rose 13%
Quilter PLC said Wednesday that assets under management rose 13%
in the fourth quarter of 2021.
Unilever Reorganization Should Bring Higher Growth Rates
1212 GMT - Unilever's restructuring echoes the changes made at
Procter & Gamble, also campaigned by activist investor Nelson
Peltz, and it should drive higher growth rates, Jefferies says.
"[The reorganization is a] pre-emptive rebuttal, we presume, of the
charge that this is a knee-jerk response to post-GSK criticism and
the disclosure of stakebuilding by activist investor Trian,"
Jefferies says. The consumer-goods company's announcement provides
a serious message about the evolution of the business, according to
Jefferies. The U.S. bank has a buy rating on the stock and a price
target of 4,650.0 pence. Shares fall 2% to 3,858.0 pence.
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(END) Dow Jones Newswires
January 26, 2022 12:58 ET (17:58 GMT)
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