FTSE 100 Rises as Banking Sector Concerns Ease
0757 GMT - The FTSE 100 rises 0.5% to 7510 points as banking
sector worries ease. "The purchase of large chunks of Silicon
Valley Bank's assets by First Citizens has steadied nerves but some
caution is set to remain about potential repercussions," Hargreaves
Lansdown analyst Susannah Streeter writes. "With contagion limited
for now, hopes that the debacle will have less of an impact on
global growth have ticked up a little." U.K. bank shares including
Barclays, Standard Chartered and Natwest rise. Ocado Group gains
1.3% after the online grocer reported higher first-quarter sales
and maintained its full-year guidance. United Utilities falls 0.8%
after the water supply company said it expects its fiscal 2023
revenue and a performance-related payment to miss
Diageo Names Debra Crew as CEO as Ivan Menezes Retires
Diageo PLC on Tuesday said its Chief Executive Ivan Menezes
intends to retire after 10 years in the role, and will be replaced
by current Chief Operating Officer Debra Crew.
Ocado Backs FY 2023 Views After 1Q Retail Revenue Rose on Higher
Ocado Group PLC said Tuesday that first-quarter sales of Ocado
Retail Group, the joint venture it co-owns with Marks & Spencer
Group PLC, rose and that guidance for fiscal 2023 remains
Halma Buys FirePro for EUR150 Mln
Halma PLC said Tuesday that it has bought aerosol-based fire
suppression system company FirePro for 150 million euros ($162
John Wood 2022 Revenue Rose; Adjusted Earnings at Top End of
John Wood Group PLC said Tuesday that 2022 revenue rose while
adjusted earnings were at the top end of guidance.
Personal Group Swung to 2022 Pretax Loss on Impairment
Personal Group Holdings PLC said Tuesday that it swung to a
pretax loss in 2022 due to an impairment charge, but revenue rose
thanks to growth across business areas.
A.G. Barr FY 2023 Pretax Profit Rose; Sees Short-Term Margin Hit
A.G. Barr PLC said Tuesday that pretax profit for fiscal 2023
rose driven by robust sales growth but warned that margins are
expected to be hit by several factors in the short-term.
S&U FY 2023 Pretax Profit Fell; Sees Good Current
S&U PLC on Tuesday reported a lower pretax profit for fiscal
2023 despite growing revenue and said current trading is good.
Nanoco 1H Revenue Rose, Loss Flat; Expects Orders by End
Nanoco Group PLC said Tuesday that revenue rose in the first
half of its fiscal year, its pretax loss was flat and that it
expects orders for its commercial-production materials by the end
Softcat Sees FY 2023 Ahead of Views Despite 1H Pretax Profit
Softcat PLC said Tuesday that pretax profit fell on the back of
lower revenue and higher expenses, but raised its dividend payout
and expects performance of fiscal 2023 to be ahead of its
United Utilities Expects FY 2023 Revenue, Performance Payment to
United Utilities Group PLC said Tuesday that it expects its
fiscal 2023 revenue and a performance-related payment to miss
Team17 2022 Profit Fell Slightly After Acquisition Costs; CEO to
Team17 Group PLC said Tuesday that pretax profit fell slightly
in 2022 as acquisition-related costs jumped, and that Chief
Executive Debbie Bestwick plans to step down once a suitable
successor can be found.
Unbound Group in GBP6.8 Mln Takeover Talks With WoolOvers
Unbound Group PLC said Tuesday that it is in talks with
WoolOvers Group Ltd. over a potential 6.8 million pound ($8.4
million) takeover that it would be minded to recommend to
shareholders if a firm offer is made.
Bellway 1H Pretax Profit Fell on Safety Expense, Initiates
Bellway PLC said Tuesday that its pretax profit for the first
half-year ended Jan. 31 fell, but revenue rose thanks to an
increase in average selling prices and it is launching a share
Journeo 2022 Pretax Boosted by Fleet Sales, Customer
Journeo PLC said Tuesday that 2022 pretax profit rose, boosted
by higher fleet sales and an increase in investment by bus
operators, but that pressure on global supply chains is likely to
persist well into this year and beyond.
Mortgage Advice Bureau Sees 2023 in Line With Views
Mortgage Advice Bureau (Holdings) PLC on Tuesday posted a lower
pretax profit for 2022 despite higher revenue, and said that it
sees 2023 in line with expectations as it anticipates a stronger
second half of the year.
Marlowe Sees FY 2023 in Line With Market Views, Expects Further
Marlowe PLC said Tuesday that performance for fiscal 2023 is
expected to be in line with market expectations, supported by an
accelerating revenue growth.
Xaar 2022 Profit Fell as Some Units Book Losses, Revenue
Xaar PLC said Tuesday that pretax profit fell in 2022 as it
booked some losses in business units, but that revenue rose.
Pennpetro Energy to Raise GBP1.5 Mln; Shares Fall
Shares in Pennpetro Energy PLC fell Tuesday after it said that
it will raise 1.5 million pounds ($1.8 million) via a discounted
placing and a subscription, and that it will use proceeds to fund
its share of a first production well in Texas.
Eleco 2022 Pretax Profit Fell Amid Transition to
Eleco PLC said Tuesday that its 2022 pretax profit and revenue
fell as the company transitions to a software-as-a-service
Corcel Raises GBP1.1 Mln Via Premium Placing With New Investor
Corcel PLC said Tuesday that it is raising 1.1 million pounds
($1.4 million) via a premium share placing with a group of new
investors and will use the money toward acquisitions and for
Petershill Partners Swung to 2022 Pretax Loss; to Launch $50M
Petershill Partners PLC on Tuesday posted a swing to pretax loss
as it reported its first full year of results since listing in
London in September 2021, and said it intends to launch a new $50
million share buyback in 2023.
Animalcare 2022 Profit Fell as Demand Slipped
Animalcare Group PLC said Tuesday that 2022 pretax profit and
revenue declined due to a fall in demand and new laws coming into
force in the European Union.
Altitude Group Shares Rise on Expansion of US Presence
Shares in Altitude Group PLC rose Tuesday after the company said
it has secured new contracts in the U.S., and that it expects
fiscal 2023 adjusted earnings to be ahead of market
BP Confirms Nonbinding Offer to Take NewMed Energy Private With
BP PLC said Tuesday that it and Abu Dhabi National Oil Co. have
made a nonbinding offer to take NewMed Energy LP private.
Good Energy Shares Rise After 2022 Results Were Boosted by
Shares in Good Energy Group PLC rose 13% on Tuesday after the
company posted a rise in its 2022 results, benefiting from higher
pricing, and said its current trading is line with its views.
Amaroq Minerals Agrees to $49.5 Mln in Loans, Considers Iceland
Amaroq Minerals Ltd. said Tuesday that it has agreed to $49.5
million in financing that it will use to accelerate production and
cashflow generation at its Nalunaq gold-development project in
Greenland, and that it is considering listing on Iceland's Nasdaq
Mission Group 2022 Pretax Profit Fell on One-Off Charge
Mission Group PLC on Tuesday posted a drop in 2022 pretax profit
due to a one-off restructuring charge and said 2023 performance is
currently in line with its views.
Sabien Technology Nine-Month Revenue Ahead of Previous Full
Sabien Technology Group PLC said Tuesday that revenue for the
first nine months of fiscal 2023 was higher than for the whole of
fiscal 2022, and that its M2G business has secured further orders
from the U.K. government.
Unikmind Gets Low Acceptance Count From Kape Technology
Unikmind Holdings Ltd. said Tuesday that it has received
acceptances for its 1.25 billion pound ($1.54 billion) offer for
Kape Technologies PLC from shareholders owning 144,638 Kape
eEnergy Optimistic On Meeting 2023 Views After Swing to 1H
eEnergy Group PLC on Tuesday said it swung to a pretax profit
for the first half of fiscal 2023 and that it is optimistic about
meeting full-year views on a strong start to the second half.
Holders Technology Appoints Mehul Shah As Finance Director
Holders Technology PLC on Tuesday named Mehul Shah as its group
finance director as Paul Geraghty retires from the board.
ActiveOps Appoints Ken Smith as CFO
ActiveOps PLC said Tuesday that Ken Smith has been appointed as
chief financial officer with effect from May 1.
Cleantech Lithium Appoints Steve Kesler Executive Chairman
Cleantech Lithium PLC said Tuesday that Steve Kesler has been
appointed executive chairman with immediate effect.
Edenville Energy Sees Reduced Washed Coal Production At Rukwa
Edenville Energy PLC on Tuesday said it expects the production
of washed coal to be reduced at its Rukwa coal project in Tanzania
as long as seasonal rains continue.
Union Jack Oil Declares Interim Dividend of 0.3 Pence a Share
Union Jack Oil PLC said Tuesday that it is declaring an interim
dividend of 0.3 pence a share following a review of its capital
Ocado Retail's 1Q Revenue Seen as Encouraging as Competition
0830 GMT - Ocado Retail's 1Q numbers are encouraging as
competition for grocery market share in the U.K. intensifies, CMC
Markets chief market analyst Michael Hewson says in a note. The
online grocer retailer showed positive progress for 1Q, with a
revenue rise of 3.4% to GBP584 million, he says. However, customers
are spending more money and getting less, he adds. This trend,
associated with record food price inflation and footfall increase,
shows that customers are shopping around a lot more in order to
secure the lowest price. Shares fall 0.5% after rising by 5% in
early trading Tuesday. (firstname.lastname@example.org)
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(END) Dow Jones Newswires
March 28, 2023 04:58 ET (08:58 GMT)
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