The FTSE 100 closed Friday up 0.04%, buoyed by China reopening
news, a relatively calm reaction to U.S. Producer Price Index data
and no doubt hopes of a year-end rally. China's reopening has a
long way to go, but it has been enough this week to provide a hope
of improvement in the outlook, and the FTSE 100 has benefited,
edging back up after fall to a one-week low, IG Group chief market
analyst Chris Beauchamp says in a research note. "InterContinental
Hotels Group PLC's 3% rise on hopes of more good news from China
has helped that move, helping to steady the index and put it on
course for a move up towards 7600 as the year heads to its close,"
Associated British Foods Backs FY 2023 View Despite Cost
Associated British Foods PLC said Friday that it backed its
full-year outlook, but that it was mindful of further significant
input cost inflation.
Berkeley Group 1H Profit Fell; Backs FY 2023 Guidance
Berkeley Group Holdings PLC said Friday that pretax profit and
revenue fell for the first half of fiscal 2023, and backed its
Anglo American Sees 2022 Production Down 3%
Anglo American PLC said Friday that 2022 production was down by
around 3% as the Quellaveco copper ramp-up and strong diamond
production was offset by ore grades in Chile and lower production
from Kumba and platinum group metals.
Hitachi-Thales Deal Could Push Up Fares for Passengers, UK
Hitachi Ltd.'s planned acquisition of Thales SA's
rail-infrastructure business could lessen competition and drive up
fares in the U.K., the country's financial regulator said Friday,
warning of an in-depth probe of the deal if its concerns aren't
Pendragon Says Hedin Mobility Has Abandoned Takeover Offer
Pendragon PLC said Friday that Hedin Mobility Group AB has
decided not to make an offer for the company due to challenging
market conditions and an uncertain economic outlook.
Crestchic Agrees to GBP122 Mln Takeover by Aggreko
Crestchic PLC said Friday that it has agreed to a 122
million-pound ($149.3 million) takeover by privately-owned
temporary power supplier Aggreko Ltd.
Bonhill Gets GBP6.6 Mln Offer for UK, Asia Units; Cuts 2022
Bonhill Group PLC said Friday that it has received a 6.6
million-pound ($8.1 million) offer for its U.K. and Asia
businesses, but further cut its guidance for 2022.
ProCook Group Sees FY 2023 Revenue of GBP60 Mln-GBP65 Mln Amid
Softer Consumer Demand
ProCook Group PLC said Friday that it has seen weaker sales
performance than expected in recent weeks amid softer consumer
demand and it now expects full-year revenue for fiscal 2023 to be
between 60 million pounds and 65 million pounds ($73.4
Gulf Marine Services Tightens 2022 Ebitda Guidance; Vessel
Utilization to Rise
Gulf Marine Services PLC on Friday tightened its 2022 Ebitda
guidance to between $70 million and $72 million, up on year, and
said vessel utilization is expected to rise.
Gemfields Gets $66.8 Mln from December Ruby Auction
Gemfields Group Ltd. on Friday said that it secured auction
revenue of $66.8 million for a ruby auction held from Nov. 21-Dec.
Taylor Maritime 1H Pretax Profit Hit by Investment Loss
Taylor Maritime Investments Ltd. on Friday reported a
substantial drop in pretax profit and net asset value for the first
half of its fiscal 2023 as it booked a loss on the value of its
investments compared with a credit for the comparable period
Nanoco Placed First in Trial Schedule Against Samsung; Shares
Nanoco Group PLC shares rose Friday after the company said that
it has been placed first in a trial schedule starting Jan. 6, in
its case against Samsung Group for infringement of its intellectual
Porvair Sees FY 2022 Revenue Up 18%, EPS Beating Forecasts;
Shares of Porvair PLC rose as much as 13% on Friday after the
company said that it expects to report an 18% rise in revenue for
fiscal 2022 and to beat market forecasts for adjusted earnings per
Glantus CFO Grainne McKeown Steps Down; Diane Gray-Smith Takes
on Interim Role
Glantus Holdings PLC said Friday that Chief Financial Officer
Grainne McKeown has stepped down and left the company for personal
Man Group Launches $125 Mln Share Buyback Program
Man Group PLC said Friday that it is launching a $125 million
share buyback program, in line with its policy to distribute
capital to shareholders while maintaining a prudent balance
GreenRoc Mining Raises GBP315,000 to Develop Greenland Graphite
GreenRoc Mining PLC said Friday that it has raised 315,000
pounds ($385,402) via a discounted placing, with the proceeds to be
used toward developing the Amitsoq graphite project.
International Public Partnerships Buys New Zealand Portfolio for
International Public Partnerships Ltd. said Friday that it has
agreed to acquire five infrastructure investments in New Zealand
for around 200 million New Zealand dollars ($127.6 million) from
Morrison & Co managed Public Infrastructure Partners.
Thales's Transport-Systems Sale to Hitachi Likely Delayed Amid
UK Antitrust Concerns
A sale of Thales SA's transportation-systems business to Japan's
Hitachi Ltd. is likely to be delayed by months until the second
half of next year amid antitrust concerns in the U.K, the French
aerospace-and-defense group said Friday.
Global Invacom Group Executive Chairman Tony Taylor Steps
Global Invacom Group Ltd. said Friday that Executive Chairman
Tony Taylor is stepping down from the company after 16 years'
service, and that Gordon Blaikie will become interim chief
executive officer while the board looks for a replacement.
VTB Bank's UK Arm Placed Into Administration
The U.K. arm of Russia's VTB Bank has been placed in
administration in London, its administrators said Friday in a
statement, after being hit with sanctions on the onset of Russia's
invasion of Ukraine.
Autolus Therapeutics ADSs Tumble Premarket on Public Offering
American depositary shares of Autolus Therapeutics PLC tumbled
in premarket trading Friday after the clinical-stage
biopharmaceutical company said it was raising $150 million in a
dilutive public offering.
Penguin Random House CEO Resigns Weeks After Simon &
Schuster Deal Was Blocked -- Update
By Jeffrey A. Trachtenberg
FBD Holdings CFO John O'Grady to Retire at End of 2023
FBD Holdings PLC said Friday that Chief Financial Officer John
O'Grady plans to retire from the company and FBD Insurance PLC at
the end of next year.
K3 Capital Takeover Offer From Sun Capital Partners Seems
1412 GMT - K3 Capital's takeover proposal from Sun Capital
Partners is a modest one and it is surprising management is backing
it unless they are pessimistic about future trading, says Shore
Capital analyst Jamie Murray. Shore Capital is unsure the offer is
high enough to represent good value and that with the share price
currently below the 350 pence-a-share proposal, adds to uncertainty
any deal will take place. Shore Capital has cut its rating on the
stock to hold from buy and trimmed its target price to 350 pence
from 410 pence. Shares fall 2.3% at 317.50 pence, paring some of
Thursday's gains. (email@example.com)
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
December 09, 2022 11:52 ET (16:52 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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