FTSE 100 Falls After Losses on Wall Street

0904 GMT - The FTSE 100 falls 0.1% to 7558 points following declines on Wall Street overnight after upbeat U.S. economic data suggested the Federal Reserve could continue raising interest rates decisively. "U.S. equities fell and Treasury yields rose on Monday as strong U.S. [ISM] service sector data raised concerns that the Federal Reserve may have to raise rates by more than expected," UBS Global Wealth Management analysts say in a note. Despite resilience in the service sectors, economic growth is likely to slow further next year as the cumulative impact of Fed rate rises weighs on activity and that may take a toll on corporate earnings, they say. (renae.dyer@wsj.com)

Companies News: 

Ashtead Group Raises FY 2023 Guidance After Increased 2Q Profit

Ashtead Group PLC said Tuesday that it now sees full-year results ahead of previous expectations after pretax profit in the second quarter rose thanks to momentum in its end markets.


Marston's Swung to FY 2022 Pretax Profit on Trading Normalization, Lower Costs

Marston's PLC on Tuesday reported a swing to pretax profit for fiscal 2022, driven by a return to more normalized trading, despite disruption caused by the Covid-19 Omicron variant, and reduced costs.


Cochlear's Oticon Medical Deal Raises UK Hearing Implant Market Competition Concerns, Regulator Says

The U.K.'s Competition and Markets Authority said Tuesday that Cochlear Ltd.'s proposed deal for Oticon Medical could have a negative impact on the hearing implant markets and could be referred for further investigation if its concerns aren't addressed.


Paragon Banking FY 2022 Pretax Profit Jumped; Plans GBP50 Mln Buyback

Paragon Banking Group PLC on Tuesday reported a 96% rise in pretax profit for fiscal 2022 and said it plans a share buyback of up to 50.0 million pounds ($61.0 million) for fiscal 2023.


Telecom Plus Chairman Sells 3.5M Shares at 2,400p Each

Peel Hunt LLP said Tuesday that it has sold 3.5 million ordinary shares in Telecom Plus PLC at 2,400 pence each on behalf of nonexecutive Chairman Charles Wigoder and his family.


Victorian Plumbing FY 2022 Pretax Profit Fell on Higher Costs; Implements Dividend

Victorian Plumbing Group PLC said Tuesday that pretax profit for fiscal 2022 fell amid higher costs, but that the new fiscal year has started strongly, and introduced a new dividend policy.


SSP Group Upbeat as Travel Rebound Drives Swing to FY 2022 Profit

SSP Group PLC said Tuesday that it is confident of further benefiting from a rebound in travel following the pandemic period, as it set out a swing to operating profit for its fiscal year on higher revenue.


ADVFN Seeks to Raise up to GBP6.8 Mln via Open Offer

ADVFN PLC said Tuesday that it is seeking to raise up to 6.8 million pounds ($8.3 million) via an open offer and will use the money toward development of the business.


ADVFN Swung to FY 2022 Pretax Loss On Challenging 2H

ADVFN PLC on Tuesday reported a swing to full-year pretax loss, weighed by a challenging second half due to management changes, worsening market conditions and changes to Google search algorithms.


Time Out Group Books FY 2022 Pretax Loss Amid Covid-19 Reopening

Time Out Group PLC said Tuesday that it booked a pretax loss for fiscal 2022 as it dealt with the gradual reopening of hospitality in most parts of the world.


Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

December 06, 2022 04:25 ET (09:25 GMT)

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