The FTSE 100 ended Friday up 0.27%, in line with other global
markets, spurring hopes that this stock rally might last longer
than other recent bounces. Investors have been more comfortable
about buying into this rally thanks to the lack of any hints of 75
basis points rate hikes in this week's Fed minutes, IG Group PLC
chief market analyst Chris Beauchamp says in a note. However, this
isn't a return to the old ways of steady gains, Mr. Beauchamp says.
"A gain of even 10% from here might look like an all-clear signal
for investors, but growth and earnings forecasts probably need to
come down a bit more, which in turn points towards fresh lows for
the market in the months to come," Mr. Beauchamp says.
Anglo Asian Mining Seeks Shareholder Approval to Buy Back
Anglo Asian Mining PLC said Friday that it is seeking
shareholder approval to buy back up to 10% of its shares as the
board believes the company's market capitalization doesn't fairly
reflect its underlying value.
Vistry Group Starts GBP35 Mln Share Buyback
Vistry Group PLC said Friday that it is starting a 35 million
pounds ($44.1 million) share buyback program to return surplus
capital to shareholders.
Premier Miton 1H Pretax Profit, Assets Under Management
Premier Miton Group PLC reported on Friday a rise in pretax
profit and assets under management for the first half of fiscal
2022 and said it is in a good position to gain market share.
Stagecoach Buys East London Bus Operations for GBP20 Mln
Stagecoach Group PLC said Friday that it is buying the East
London bus operations and depot at Lea Interchange from Kelsian
Group for 20 million pounds ($25.2 million).
Gemfields Group Reports Record Revenue for May Emerald
Gemfields Group Ltd. on Friday reported record revenue and
prices for a set of emerald auctions held in May.
LSL Property Sees 2022 Profit Slightly Behind 2021 Levels
LSL Property Services PLC said on Friday it expects profit for
2022 to be slightly behind the record levels of 2021, citing
residential pipeline conversion rates and a limited impact from
Big Technologies Confident in Full-Year Expectations After
4-Month Revenue Rose
Big Technologies PLC said Friday that it is confident of posting
2022 results at least in line with current market expectations
after revenue in the first four months rose 18% on year.
4D Pharma Says Trial for Treatment of Urothelial Carciroma with
MRx0518 Drug Progresses Well
4D Pharma PLC said Thursday that the combination of its MRx0518
drug in combination with Bavencio has shown in a trial that it
improves the outcomes for patients diagnosed with advanced or
metastatic urothelial cancer.
Kibo Energy Pulls Back on GBP10 Mln Solar Park Acquisition in
Kibo Energy PLC said Friday that it has elected to terminate the
10 million pound ($12.6 million) acquisition of the Victoria Falls
solar park project in Zimbabwe after concluding due diligence.
Caffyns FY 2022 Revenue, Pretax Profit Rose on Buoyant Used-Car
Caffyns PLC said Friday that fiscal 2022 pretax profit and
revenue increased due to a buoyant used-car market, and that it has
declared a dividend for the year.
Home REIT Beats Share Placing Target and Raises GBP263 Mln
Home REIT PLC said Friday that it has raised significantly more
than it expected via an oversubscribed discounted share
Phoenix Global 2021 Loss Narrowed as Energy Prices Strengthened
-- Energy Comment
Phoenix Global Resources PLC on Friday reported a narrowed
operating loss for 2021, as stronger oil and gas prices boosted
revenue. Here's what the Argentina-focused upstream company had to
RUA Life Sciences Sees Wider 2022 Pretax Loss on Increased
RUA Life Sciences PLC said on Friday that it expects a widened
pretax loss for fiscal 2022 as it has increased
research-and-development activities and infrastructure
XLMedia Appoints David King as CEO
XLMedia PLC said Friday that it has appointed David King as
chief executive officer, with effect from July 1, following the
decision of current CEO Stuart Simms to step down.
Reabold Posts Flat 2021 Loss
Reabold Resources PLC on Friday reported a broadly flat loss for
2021 and confirmed that it is funded for its key 2022 work
Worldwide Healthcare Trust Terminates Placing Program
Worldwide Healthcare Trust PLC said Friday that it has decided
to cancel its placing program because of the discount of the
company's share price to the net asset value per share.
Helios Underwriting Swung to 2021 Pretax Loss
Helios Underwriting PLC reported on Friday a swing to a pretax
loss for 2021, backed on higher costs, but declared a dividend
Helios Underwriting Outlook Seen Positive
0805 GMT - Helios Underwriting is enjoying continued improvement
in underwriting conditions this year, having experienced 17
consecutive quarters of price increases, Shore Capital analyst
Vivek Raja says in a research note. Overall, prices have risen by
more than 50% over this period, the analyst notes. The company has
a positive outlook, Raja says, but adds that aviation-related
exposure to the war in Ukraine, and potential losses as a result,
remain unclear. (firstname.lastname@example.org)
Contact: London NewsPlus; email@example.com
(END) Dow Jones Newswires
May 27, 2022 12:15 ET (16:15 GMT)
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