The FTSE 100 closed Tuesday up 0.17% as the short-lived rally
seen the previous day appeared to stall, and recession fears begin
to re-emerge. While the banking crisis seems to have subsided,
stocks have been unable to find a reason to push higher this
afternoon, IG Group PLC chief market analyst Chris Beauchamp said.
There still appears to be an abundance of caution when it comes to
driving prices higher in the wake of the turmoil of last week, with
outperformance from the basic resources and energy sector
offsetting weakness in commercial real estate, helping to keep the
index in positive territory, said Michael Hewson, chief market
analyst at CMC Markets UK.
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
Synthomer Shares Fall on Swing to Pretax Loss in 2022
Shares in Synthomer PLC dropped Tuesday after the company said
it swung to a pretax loss in 2022 due to weakened demand and
challenging macroeconomic conditions.
Empresaria 2022 Pretax Profit Rose on Net Interest Income
Empresaria Group PLC said Tuesday that pretax profit increased
in 2022, as revenue slightly rose helped by strong growth in net
CPPGroup Core Business Revenue, Ebitda Grew
CPPGroup PLC on Tuesday reported revenue and Ebitda growth in
its core operations for last year as the company continues to exit
the legacy business as part of a plan announced last October.
Bellway 1H Profit Slips After Difficult Year But Prospects Look
1202 GMT - Between build-cost inflation, mortgage mayhem, the
cost-of-living crisis and more, Bellway, like its peers, has had a
difficult year - and now it has reported that first-half pretax
profit fell 5%, Interactive Investor says. The house builder's
shares are down more than 20% on year, outperforming peer Persimmon
which slipped 40%, but underperforming Barratt Developments, down
around 12%, Interactive head of investment Victoria Scholar says in
a research note. "Nonetheless the house builders have had a strong
start to the year, rebounding from last year's losses as investors
look toward the potential imminent peak of the rate hiking cycle
and as buyers look to return to the market later this year as house
prices and mortgage rates become more affordable again," Scholar
says. Shares are down 0.8% at 2,024 pence.
Carnival's Soft FY23 Guidance Could be Conservative
0759 ET - Carnival's soft full-year earnings guidance that
spooked investors is likely a lowball forecast, analysts at Stifel
say in a research note. They say the management team has a track
record for setting low guidance and beating it. They say that the
selloff in shares of Carnival on the disappointing earnings
guidance and the higher cost expectations was "irrational." "With
investor expectations remaining subdued, we believe the company has
de-risked 2023 to the point where this could be a solid beat and
raise story," they say. Shares rise 2% in pre-market trading.
Policymakers Might Fail to Predict Consequences of Interventions
During Financial Crisis
1146 GMT - The forced takeover of Credit Suisse by UBS casts
doubt on the ability of policymakers to put out fires in the case
of a financial crisis without causing problems to flare up
elsewhere, Andrew Kenningham, chief Europe economist at Capital
Economics says in a note. The treatment of AT1 bonds shows that, in
a crisis, ad-hoc decisions are often made with unintended
consequences, Kenningham says. One such outcome might be spillover
to non-bank intermediaries exposed to interest rates, such as it
happened with U.K. pension funds hit by problems in gilt markets
after the short-lived government "mini-budget" in the fall, he
says. It is unclear how effectively policymakers would respond if
the macroeconomic backdrop gets more difficult, he adds.
888 Holdings' Shares Continue to Struggle After GBP19.2 Mln
William Hill Settlement
1106 GMT - Shares in 888 Holdings trade down 2.8% after news
that William Hill Group has agreed to pay GBP19.2 million for
social responsibility and anti-money laundering failures, the
largest penalty in U.K. gambling history. Shares in 888 have had a
rough ride over the past year, shedding more than 70% of their
value, interactive investor's head of investment Victoria Scholar
says, adding that the share price slide is in stark contrast to
Flutter Entertainment, which is the best performing stock on the
FTSE 100 over a one-year period. This suggests that 888's woes are
idiosyncratic rather than related to the macroeconomic backdrop and
the cost-of-living crisis, she adds. (email@example.com)
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
March 28, 2023 12:31 ET (16:31 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Grafico Indice FTSE 100
Da Mag 2023 a Giu 2023
Grafico Indice FTSE 100
Da Giu 2022 a Giu 2023