Stocks Rise Ahead of Expected U.S. Gains
European Stocks Rise Ahead of Expected US Gains
1049 GMT - European stocks rise after upbeat Asia trading and
ahead of an expected higher U.S. open. The Stoxx Europe 600 and
FTSE 100 gain more than 2% and the DAX and CAC 40 advance more than
3%. Brent crude increases 1% to $89.71 a barrel. IG futures data
show the Dow opening at 29938, versus Monday's close of 29490.
"Stocks in Asia staged an impressive rally following the gains on
Wall Street on the first day of 4Q," IG analysts say in a note.
"Today's calendar is light on data, but includes speeches from
three Fed officials and the president of the European Central
Legal & General Backs 2022 Operating Profit; Capital
Generation Despite Volatility
Legal & General Group PLC said Tuesday that it continues to
benefit from positive momentum in the second half, despite the
increased market volatility, and backed its guidance for the
full-year operating profit and capital generation.
Greggs 3Q Sales Rose, Backs Full-Year Outlook
Greggs PLC said Tuesday that sales for the third quarter of the
year rose 15% compared with the same period of 2021, and backed its
expectations for the full-year.
Morses Club Chairman to Step Down
Morses Club PLC said Tuesday that Chairman Nigel Knowles will
step down, effective Nov. 4.
Watkin Jones Expects to Miss FY 2022 Market Views on Delayed
Watkin Jones PLC said Tuesday that it expects to have missed
market views for fiscal 2022 operating profit due to a delay in two
sales, though its second-half performance was better than the
Gresham Technologies Sees 2022 Revenue Ahead of Market Views
Gresham Technologies PLC said Tuesday that it expects revenue
and earnings to be ahead of market expectations for 2022, and
committed renewals to boost revenue in 2023.
Made.com In Sale Discussions; Profitability Strategy Needs GBP45
Made.com Group PLC said Tuesday that it has begun discussions
with a number of parties regarding the group's sale.
Porvair Sees FY 2022 Ahead of Market Views After Strong Start to
Porvair PLC said Tuesday that it had a strong start to the
fourth quarter and that it expects results for the year ending Nov.
30 to be ahead of market expectations.
Character Group Sees FY 2022 Meeting Market Views; Expects FY
Character Group PLC said Tuesday that it expects fiscal 2022 to
meet market expectations as sales momentum persisted, but sees
fiscal 2023 slipping on macroeconomic headwinds.
Inspiration Healthcare 1H Pretax Profit Fell on Supply-Chain
Inspiration Healthcare Group PLC said Tuesday that pretax profit
for the first half of fiscal 2022 fell amid higher costs and
Uniphar Acquires US Healthcare Agency Inspired Health
Uniphar PLC said Tuesday that it has acquired the U.S.-based
healthcare agency Inspired Health for an undisclosed sum.
MGC Pharmaceuticals Appoints Yifat Steuer COO, Deputy CEO
MGC Pharmaceuticals Ltd. said Tuesday that Yifat Steuer has been
appointed chief operating officer and deputy chief executive
officer, and that Brett Mitchell's role as chairman has
transitioned from an executive to a nonexecutive position.
Greggs' 3Q Update Should Sate Investor Appetites
1050 GMT - Greggs' third-quarter update was pure comfort food
for investors, as the U.K. bakery chain maintained its guidance
despite all the pressures on consumers and a backdrop of rapidly
rising costs, AJ Bell says. New CEO Roisin Currie's ability keep a
lid on inflationary pressures is some feat and suggests the company
has managed its cost base effectively, AJ Bell financial analyst
Danni Hewson says in a research note. "The coming months will be a
real acid test for Greggs as a proposition. Will people see it as
an affordable option? Or will consumer spending be so pressured
that sales dwindle? The trick is to keep selling products at
attractive prices without sacrificing margins too much," Hewson
says. Shares are up 8.9% at 1,877.0 pence.
Wizz Air Gains After September Passenger Numbers Rise
1046 GMT - Wizz Air Holdings gains more than 3% after the
eastern and central European-focused budget airline reported higher
passenger numbers last month than in September last year. While the
airline sector has faced strikes, delays, queues and cancellations
during the summer, numbers improved strongly during September--up
51.5% to about 4.6 million versus a year ago--partly due to low
comparables last year, Interactive Investor says. "Shares in Wizz
have suffered heavy losses this year, shedding two thirds of their
value with Russia's invasion of Ukraine weighing heavily on its
share price," Interactive Investor Head of Investment Victoria
Scholar writes. "Today's update comes as a welcome development for
Contact: London NewsPlus; firstname.lastname@example.org
(END) Dow Jones Newswires
October 04, 2022 07:21 ET (11:21 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
From Oct 2022 to Nov 2022
From Nov 2021 to Nov 2022