FTSE 100 Rises as Oil Stocks, Miners Gain
FTSE 100 Rises in Early Trade as Oil Stocks, Miners Gain
1001 GMT - The FTSE 100 index trades up 0.4% at 7545.30 in early
trade, buoyed by hopes that China could backtrack on its zero
Covid-19 policy and shrugging off weak China data, while traders
look ahead to testimony later by U.S. Federal Reserve Chairman
Jerome Powell. Higher oil prices boost oil-linked stocks, with BP
up 1.3%, while miners are also among the biggest risers, while
utilities and other defensive stocks are mostly lower. "European
markets have opened higher with technology and real estate
outperforming. The FTSE 100 is staging gains while oil prices are
also in the green," writes Victoria Scholar, head of investment at
Interactive Investor. Rolls-Royce and Flutter Entertainment are the
two biggest risers, both up around 2%.
Marks & Spencer Buys Fashion Marketplace Thread's IP, The
--Marks & Spencer Group PLC has bought the intellectual
property of fashion marketplace Thread, which has recently gone
into administration, The Times of London reports.
Pennon Group 1H Pretax Profit Hit by Higher Costs
Pennon Group PLC on Wednesday reported a drop in pretax profit
for the first half of fiscal 2023 as it reported higher costs and
despite a rise in revenue.
Loungers 1H Pretax Profit Slumped on Higher Costs
Loungers PLC said Wednesday that first-half pretax profit fell
despite rising revenue as inflationary pressure led to increased
Impax Asset Management FY 2022 Pretax Profit Rose on Positive
Net Inflows; Names New CFO
Impax Asset Management Group PLC said Wednesday that its fiscal
2022 profit and revenue rose significantly on positive net inflows,
and named Karen Cockburn as its new chief financial officer.
Future Posts Higher FY 2022 Pretax Profit, Revenue
Future PLC on Wednesday reported higher pretax profit and
revenue for fiscal 2022, and said that it expects modest profit
growth in the current fiscal year.
Benchmark Holdings FY 2022 Loss Widened on Higher Costs
Benchmark Holdings PLC Wednesday reported a widened loss for
fiscal 2022 on higher finance costs and depreciation charges,
though revenue and adjusted earnings rose, and said it has started
the new year well.
Benchmark Holdings to Raise GBP13.2 Mln in Norwegian IPO
Benchmark Holdings PLC on Wednesday said that it plans to raise
13.2 million pounds ($15.8 million) via a private placing and
retail offering on Euronext, Oslo.
Carclo 1H Pretax Profit Fell as Cost Inflation Bites
Carclo PLC said Wednesday that pretax profit fell but revenue
rose in the first half of fiscal 2023, as higher cost inflation
offset growth in its life-science business.
Mulberry Shares Fall on Swing to 1H Pretax Loss
Shares of Mulberry Group PLC fell 21% on Wednesday after the
company reported a swing to pretax loss for the first half of the
fiscal year and said that it is well placed for the upcoming
festive trading period.
Elementis Agrees on Sale of Chromium Business for Enterprise
Value of $170 Mln
Elementis PLC said Wednesday that it has agreed to sell its
Chromium business to Yildirim Group for an enterprise value of $170
million, with total pretax cash proceeds expected to be around $119
Chamberlin Will Meet FY 2023 Market Expectations, CEO Says
Chamberlin PLC's profitability in the first half of fiscal 2023
was held back by a slower recovery at its Chamberlin & Hill
Castings business, but the group should be able to meet full-year
market expectations, its chief executive officer said
Borders & Southern Petroleum Shares Fall on Discounted Fund
Shares of Borders & Southern Petroleum PLC fell 36% on
Wednesday after the company said that it has raised 2.5 million
pounds ($3 million) via a heavily discounted share placing and
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(END) Dow Jones Newswires
November 30, 2022 05:21 ET (10:21 GMT)
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