The FTSE 100 plunged Tuesday as oil and mining stocks dived.
This caused the commodity-heavy U.K. index to close 2.9% lower, its
worst session since June 16. On the energy side, Shell plummeted
8.5% and peer BP fell 7.0%. The FTSE 100's worst performer was
Harbour Energy, the smaller, U.K.-focused oil-and-gas producer. Its
shares dropped 9.6%. Miners didn't do much better, with Anglo
American shares declining 8.3% and Glencore down 8.0%, while Rio
Tinto fell 4.0%. "Previously high-flying U.K. energy and mining
stocks, from Shell and BP to Glencore and Anglo American, are in
the cross-hairs today as recession fears undermine future demand
for commodities, notwithstanding the reopening of China," Ben
Laidler from eToro told Dow Jones Newswires.
AstraZeneca to Buy TeneoTwo for Up to $1.27 Bln
AstraZeneca PLC said Tuesday that it is buying TeneoTwo, Inc.
for up to $1.27 billion in a deal that strengthens its
haematological cancer pipeline.
B&M European Value Retail Appoints Mike Schmidt as CFO
B&M European Value Retail SA said Tuesday that it has
appointed Mike Schmidt as its next chief financial officer.
Ashtead Technology Shareholder Sells 10 Mln Shares at 200p
Numis Securities Ltd. said Tuesday that it has now placed 10
million shares of Ashtead Technology Holdings PLC at 200 pence each
on behalf of BP Inv2 Newco Ltd., as first flagged late Monday.
Quiz FY 2022 Pretax Profit Fell; Warns of Inflation Pressure on
Quiz PLC reported Tuesday a significant decline in pretax profit
for fiscal 2022 and said its sales performance will be hit by the
effects of inflation on customers' shopping habits.
Young & Co.'s Brewery 13-Week Comparable Revenue Rose
Young & Co.'s Brewery PLC said Tuesday that the strong
performance of the final quarter of last year has continued, with
like-for-like revenue in the first thirteen weeks of the new fiscal
year up 35%.
Biffa Bid Talks With Energy Capital Are Continuing; U.K.
Takeover Panel Extends Bid Deadline
Biffa PLC said Tuesday that takeover talks with Energy Capital
Partners LLC are continuing, and that in order for them to continue
the U.K. Takeover Panel has agreed to extend the bid deadline until
Saga Sees 2023 Swing to Pretax Profit As Travel Recovers
Saga PLC said on Tuesday that it is on track to swing to
underlying pretax profit for fiscal 2023 as travel continues to
Pressure Technologies Completes GBP 1.6 Mln Sale and Leaseback
of Rotherham Property
Pressure Technologies PLC said on Tuesday that it has completed
the sale and leaseback of a property in Rotherham with Victoria
Court Mews Ltd., and that it will use the money to reduce banking
Gresham Technologies Sees 56% 1H Revenue Growth; to Meet 2022
Gresham Technologies PLC said Tuesday that it expects to report
a 56% rise in revenue for the first half of this year and to meet
market forecasts for the year as a whole.
Sainsbury Sees FY 2023 in Line With Views; Blathnaid Bergin
Appointed New CFO -- Update
J Sainsbury PLC said Tuesday that like-for-like sales declined
in the first quarter of fiscal 2023, and added that its current
commercial and retail finance director, Blathnaid Bergin, has been
appointed chief financial officer.
Saga Makes Leadership Changes to Boost Growth Strategy
Saga PLC said on Tuesday that it has made two nonexecutive and
three executive appointments to support its growth strategy.
Supreme Shares Fall 30% After Profit Warning
Supreme PLC shares fell sharply Tuesday after the company warned
that revenue and Ebitda performance for fiscal 2023 will be hurt by
a sales slowdown in its lighting category.
Quiz Shares Rise on Swing to Operating Profit for FY22
Shares in Quiz PLC on Tuesday rose after the company reported a
swing to an operating profit for fiscal 2022 despite also warning
about the potential of its sales performance amid inflationary
Transense Technologies FY 2022 Revenue Rose in Line With Market
Transense Technologies PLC said Tuesday that revenue for fiscal
2022 rose nearly 50%, in line with market forecasts, while net
profit is expected to beat estimates due to a tax credit.
Smartspace Software's FY23 Performance in Line With Views
Smartspace Software PLC said Tuesday that its performance for
fiscal 2023 is currently in line with management views and noted
that its divisions are achieving growth.
Equals Group Says It Had Record 1H Performance; Expects to Beat
2022 Market Views
Shares of Equals Group PLC rose 11% in early trade Tuesday after
the company said that it had a record performance for the first
half of the year, and that it expects to beat full-year adjusted
Ebitda market forecasts.
RWS Holdings Appoints New CFO
RWS Holdings PLC said Tuesday that it has appointed Candida
Davies as its chief financial officer with effect from Oct. 1.
Contact: London NewsPlus; firstname.lastname@example.org
(END) Dow Jones Newswires
July 05, 2022 12:13 ET (16:13 GMT)
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