Goldman Sachs Raises Brent Forecasts to $100 a Barrel

0941 GMT - Goldman Sachs expects Brent oil prices to rise to $100 a barrel in the third quarter of the year before climbing as high as $105 by the first three months of 2023. GS expects OECD inventories to fall to their lowest level since 2000 this summer as demand remains robust in the face of new variants of Covid-19. At the same time, the bank doubts the capacity of OPEC+ nations to raise supply sufficiently. The bank argues only demand destruction can help balance the market, which will "require ever rising oil prices given the reluctance to invest in oil during the energy transition and the gradual depletion of shale's geological, midstream and service capacities." (

Companies News: 

Rio Tinto's Australian Iron-Ore Shipments Fall

Rio Tinto's annual iron-ore shipments from its Australian mining operations fell by 3% in 2021 with projects disrupted by a worker shortage and supply chain issues, but expects shipments will likely increase this year.


Genel Energy Expects Cash Flow to More Than Double in 2022

Genel Energy PLC said Tuesday that it expects cash flow to more than double in 2022.


888 Holdings Sees 2021 Revenue Growth of 14% on Expansion in Regulated Markets

888 Holdings PLC said Tuesday that it expects to report revenue growth of 14% for 2021, driven by an expansion in regulated markets.


Henry Boot Sees 2021 Pretax Profit Beating Market Views

Henry Boot PLC said Tuesday that it ended 2021 with a pretax profit materially ahead of the market's expectations and that it is making good progress against its new medium-term strategic targets.


Elementis 4Q Performance in Talc Division Below Year-Earlier Period

Elementis PLC said Tuesday that performance in its Talc division in the fourth quarter was below that from a year earlier because of reduced automotive-related demand stemming from semiconductor supply shortages.


Energean Adjusted Earnings Jumped 88% in 2021

Energean PLC on Tuesday reported that its adjusted earnings nearly doubled in 2021.


ProCook Sees 3Q Revenue Growth, Gross Margin Fall

ProCook Group PLC said Tuesday that it expects to report a revenue increase for its third quarter but a gross margin decline in line with its expectations amid supply-chain issues.


Brickability Sees FY 2022 Adjusted Ebitda Rising Ahead of Market Views

Brickability Group PLC said Tuesday that it expects its fiscal 2022 adjusted Ebitda to exceed current market expectations.


THG Expects FY 2022 Growth Margins to Get Boost From Strong Demand

THG PLC said Tuesday that it expects 2022 growth margins to improve, as the company benefits from continued strong demand, and that it remains confident about its growth plans.


Petra Diamonds 1H Revenue Rose 49%

Petra Diamonds Ltd. on Tuesday reported revenue rose 49% in the first half of the fiscal year.


Just Group Expects 2021 Capital Generation to More Than Double

Just Group PLC said Tuesday that capital generation for 2021 is expected to more than double from the prior year, and that it would beat the board's expectations a year earlier than anticipated.


Evgen Pharma Shares Rise on Licensing Deal for Sulforaphane Analogues

Shares in Evgen Pharma PLC traded higher on Tuesday after the company said it has secured a licensing agreement for sulforaphane analogues.

Market Talk: 

Kape Technologies Set for Significant 2022 Earnings Growth

1002 GMT - Kape Technologies trades at an attractive valuation on both a relative and historical basis, leaving ample room for share-price performance as results are delivered, says Shore Capital. The U.K. digital-security and privacy software company delivered strong growth for 2021, with revenue expected substantially ahead of previous guidance at around $230.5 million, and 2022 is set for significant earnings growth in a fast-growing space, the U.K. investment group says. "Kape is at the top of its game entering 2022 with a large base of recurring revenues, healthy SaaS metrics and strong growth prospects," Shore says. Kape Technologies is a house stock of Shore Capital. (

Copper Edges Lower as Stocks Climb

0955 GMT - Copper prices weaken as inventories climb to a two-month high. Three-month copper on the LME drops 1% to $9,661 a metric ton. After falling almost constantly since August 2021, LME stocks of the red metal have turned higher this year rising to 94,525 tons this week. However, supply risks could still support prices after Peruvian community groups on Monday rejected the latest proposals to end a standoff with a major mine. The communities have been blockading access to the Las Bambas copper mine over environmental concerns. Peru is the world's second-largest copper producer and Las Bambas is the second-largest mine in the South American nation. (


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(END) Dow Jones Newswires

January 18, 2022 05:35 ET (10:35 GMT)

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