The FTSE 100 closed down 2% on Thursday as focus continues to be
on inflation, with the U.S. releasing its core personal consumption
and expenditure index. House builders in the U.K. endured a tough
day as Persimmon, Barratt Developments and Taylor Wimpey all closed
in the red after industry data showed prices rising again in June.
"Property prices have gone up faster than wages, creating an
affordability squeeze, while mortgage rates have risen to levels we
haven't seen in a while," Interactive Investor analyst Myron Jobson
says in a note. Croda finished the day as the FTSE 100's biggest
gainer, up 1.9%, followed by Bunzl, which ended up 1.8%.
Smiths Secures Uninsured Pension Liabilities via GBP640 Mln Deal
With Rothesay Life
Smiths Group PLC said Thursday that it has completed a deal to
secure its remaining uninsured pension liabilities through a 640
million pound ($775.7 million) bulk annuity buy-in with Rothesay
Life PLC, a U.K. pensions specialist.
Frasers Group Buys 28.7% Holding in MySale for Undisclosed
Frasers Group PLC said Thursday that it has bought a 28.7%
shareholding in Australian-based fashion marketplace MySale
WPP to Buy Australian Marketing Technology Services Agency
WPP PLC said Thursday that it has agreed to acquire Bower House
Digital, a marketing technology services agency located in
Australia, for an undisclosed sum.
Bunzl Upgrades 2022 Views on Organic Revenue Growth,
Bunzl PLC said Thursday that it has upgraded its guidance for
the full year and currently expects robust revenue growth and
operating margins to be slightly higher than historical levels,
driven by acquisitions and organic revenue growth.
IAG Converts 14 A320neo Family Options Into Firm Orders
British Airways owner International Consolidated Airlines Group
SA said Thursday that it has converted 14 A320neo family aircraft
options into firm orders for 11 A320neos and three A321neos.
M&C Saatchi Sees 2022 Profit in Line With Guidance
M&C Saatchi PLC said Thursday that its headline profit
before tax for 2022 is in line with internal expectations of around
31 million pounds ($37.6 million).
MyHealthChecked Sees Better-Than-Expected 1H Performance on
MyHealthChecked PLC said Thursday that it has started 2022 in a
strong position in terms of revenue, customer service, and delivery
after positive momentum in 2021.
Virgin Money to Buy Back up to GBP75 Mln in Shares
Virgin Money UK PLC said Thursday that it has launched a buyback
program to repurchase up to 75 million pounds ($90.9 million) of
GB Group Shareholder AG Acuant Sells 5 Mln Shares at 400 Pence
Numis Securities Ltd. said Thursday that it has now sold 5
million ordinary shares of identity-data-intelligence specialist GB
Group PLC at 400 pence (484.84 U.S. cents) each.
Inland Homes 1H Pretax Loss Widened on Contract Costs, Reduced
Inland Homes PLC said on Thursday that its pretax loss widened
on higher costs, but it reduced net debt.
Hunting Expects Ebitda to Rise in 2H After First-Half
Performance Met Expectations
Hunting PLC said Thursday that its first-half performance was in
line with expectations and forecast a return to bottom-line
profitability for the full-year.
Civitas Social Housing FY 2022 Pretax Profit, Revenue Rose
Civitas Social Housing PLC on Thursday reported a rise in pretax
profit for fiscal 2022 and said that its projects will deliver
further benefit to its shareholders
Orcadian Energy to Raise GBP1 Mln Via Share Issue
Orcadian Energy PLC said Thursday that it intends to raise
around 1 million pounds ($1.2 million) via equity issue to fund the
development of its Pilot oil field in the U.K. North Sea.
Unbound Group to Launch Multi-Brand Platform, Hotter Shoes
Performing in Line
Unbound Group PLC said Thursday that it will launch a
multi-brand platform, and that it expects to benefit from higher
subscribers engagement along with increased cross and up-sell
Likewise Says Sales More Than Doubled in 1H
Likewise Group PLC said Thursday that sales more than doubled in
the first half of 2022 when compared with the same period a year
Verditek Shares Drop as it Raises GBP1.5 Mln Via Subscription of
Shares in Verditek PLC on Thursday fell after the company said
it has raised 1.5 million pounds ($1.8 million) via a subscription
of 101.3 million shares at a discounted price per share.
7Digital Posts Widened 2021 Loss; Shares Fall
Shares in 7Digital Group PLC fell Thursday morning after the
digital music solutions company reported a widened loss for 2021
and said that it has taken a loan from its director and shareholder
REACT Swung to 1H Loss on Higher Costs, Sees 2H Sales Pipeline
REACT Group PLC said Thursday that it swung to net loss in the
first six months of fiscal 2022 due to higher costs following the
acquisition of peer Fidelis Contract Services, and despite its
revenue more than doubling after acquiring the business.
Cornerstone Shares Fall After 2021 Widened Pretax Loss, Non-Exec
Chairman Steps Down
Shares in Cornerstone FS PLC fell Thursday after the company
reported a widened pretax loss for 2021 on large administrative
expenses, and said that Nonexecutive Chairman Elliott Mannis is
Shield Therapeutics Takes $10M Loan After Failing to Raise
Equity; Shares Fall
Shares in Shield Therapeutics PLC fell Thursday after it said
that it couldn't complete a $30 million equity financing, and
reported a widened net loss for 2021.
Contact: London NewsPlus; firstname.lastname@example.org
(END) Dow Jones Newswires
June 30, 2022 13:05 ET (17:05 GMT)
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