The FTSE 100 closed down 0.5% on Tuesday after the latest U.S. jobs data prompted another spike in yields. "We've had another day where rising U.S. yields have continued to exert downward pressure on stock markets," CMC Markets' chief analyst Michael Hewson says in a market comment. The London blue-chip index slipped to a three-week low over growth and interest rate concerns, while speculation abounds that the Bank of Japan intervened to push the dollar vs yen back below 150.000 after U.S. yields pushed higher on the August jobs numbers, Hewson says. It closed down 7,470.16 points.



DX (Group) Sees First Quarter In Line With Views After FY 2023 Pretax Profit Rose

DX (Group) posted a rise in its pretax profit for fiscal 2023 and said performance for the first quarter of fiscal 2024 was in line with its expectations.


AstraZeneca Pays $425 Mln to Settle Nexium and Prilosec Liability Litigation

AstraZeneca has agreed to settle product liability litigations related to Nexium and Prilosec in the U.S. by making a payment of $425 million, it said.


Distribution Finance Capital Loan Book Rises Ahead of Expectations

Distribution Finance Capital Holdings said its loan book exceeded seasonal expectations in the third quarter of 2023 and that the group expects to continue to perform in line with the board's expectations.


Character Group Sees FY 2023 Performance Meeting Market Expectations

Character Group expects to report a strong performance for the year ended August 31, in line with management predictions.


Greggs Backs 2023 Views After 3Q Sales Rose on More Evening Customer Footfall

Greggs backed its full-year expectations after a robust third-quarter performance that was boosted by higher customer footfall in the evening, and its app-based loyalty program.


S&U Pretax Profit Rises on Higher Revenue at Both Its Businesses

S&U said pretax profit rose for the first half of fiscal 2024 as revenue at its two businesses increased, and that its credit quality and collections remained robust despite cost-of-living and regulatory pressures.


Airea Names Conleth Campbell as New CFO

Airea said it has appointed Conleth Campbell as chief financial officer, effective as of Monday.


Mears Launches New Buyback Program of Up to GBP15 Mln

Mears Group said it has launched a new share buyback program of up to 15 million pounds ($18.1 million) as it has continues to experience positive momentum since the release of its interim results in August.


Gooch & Housego Sees FY 2023 Adjusted Pretax Profit Beating Views

Gooch & Housego expects full-year adjusted pretax profit to come in above market views, as its business momentum continued into the second half and resulted in a strong revenue performance.


Pressure Technologies Revenue Grows on Increased Order Intake

Pressure Technologies reported a swing to adjusted Ebitda profit as revenue grew and order intakes increased.


Boohoo Cuts Revenue Views on Slower Volume Recovery

Boohoo Group has downgraded its fiscal 2024 revenue targets on slower-than-expected sales volume recovery, and reported a widened pretax loss for the first half.


Tortilla Mexican Grill Backs 2023 Views on Resilient Performance

Tortilla Mexican Grill said it expects 2023 earnings to be in line with expectations on the back of cost control, initiatives to improve evening footfall and a resilient first-half performance.


Ascent Resources Shares Rise After GBP1.5 Mln Premium Share Subscription

Ascent Resources shares rose after investment company MBD Partners subscribed for 1.5 million pounds ($1.8 million) in new shares in the company.


BiVictriX Therapeutics Names Adrian Howd as New CFO, Chief Business Officer

BiVictriX Therapeutics has appointed Adrian Howd as both chief financial officer and chief business officer, with current CFO Alex Hughes stepping down on Oct. 13.


PCI-PAL Shares Fall on Results Delay

Shares in PCI-PAL fell after it said that publishing of its results for fiscal 2023 is expected in late October or early November.


Inspiration Healthcare Group Swings to Pretax Loss on Higher Financial Costs

Inspiration Healthcare Group reported a swing to pretax loss for the first half as financial costs increased due to higher interest rates and higher net debt.


Angus Energy's Saltfleetby Gas-Field Production Rose in 3Q

Angus Energy said production from its U.K. onshore gas field rose in the third quarter compared to the second.


Nexus Infrastructure Sees Underlying Revenue, Operating Loss Worse Than Views

Nexus Infrastructure said that underlying revenue and operating loss for fiscal 2023 will be worse than the board's expectations.


RHI Magnesita Buys P-D Refractories for EUR45 Million

RHI Magnesita said it has bought P-D Refractories, the Germany, Czech Republic and Slovenia-based refractory businesses of the Preiss-Daimler Group, for around 45 million euros ($47.1 million).


Microsalt Expected to Float on London's AIM in October

Microsalt has applied to London's Alternative Investment Market and is expected to start trading on Oct. 18.


Tintra Shares Surge on Trading Resumption

Shares in Tintra soared 48% after trading in the company's shares was restored on the AIM, following yesterday's publication of its financial report for fiscal 2023, the AI-focused fintech company said Tuesday.


Safestyle Shares Plunge as It Says It Remains In Discussions for Funding

Safestyle UK shares fell after it said it is continuing to engage with both existing stakeholders and other interested third parties to find ways to strengthen its balance sheet.



European Stocks Are Mixed After Asia Losses

1115 GMT - European stocks are mixed on Tuesday after downbeat trading in Asia and ahead of an expected slightly lower U.S. open. The Stoxx Europe 600 and CAC 40 drop 0.2%, the DAX falls 0.3% and the FTSE 100 gains 0.3%. Brent crude retreats 0.7% to $90.10 a barrel. IG futures data show the Dow opening at 33422, versus Monday's close of 33433. Australian and Japanese markets fell more than 1% and Hong Kong's Hang Seng backtracked more than 2%. "FX [foreign exchange] markets are on intervention watch following more comments from officials in Japan about the weakness of the yen," IG analysts say. "Today sees the monthly U.S. job opening figures as a warm-up to the ADP [report] and non-farm payroll figures later in the week." (


S&U Well Positioned to Exploit Improving Conditions Once Headwinds Change

1108 GMT - Although S&U's 1H pretax profit rose 2.4% to GBP21.4 million, including income growth of 11.9% to GBP55.3 million, external headwinds such as higher interest rates, regulation developments or cost-of-living pressures are reducing short-term opportunities, Peel Hunt analysts say in a note. The specialist motor-finance and bridging lender saw steady growth in difficult markets with loans up 2% as competitive pressures remain and underwriting was tight, the analysts say. "S&U continues to grow despite a challenging external environment and we believe it is strongly positioned toexploit improving conditions when headwinds abate," the analysts say. Peel Hunt rates the stock buy and has a 3,150 pence target price. Shares are up 1.1% at 2,270 pence. (


Horizonte Minerals' Valuation Is Hurt by Capital Expenditure Hike

1049 GMT - Horizonte Minerals' increased capital expenditure for its Araguaia nickel project significantly hurts its overall valuation, Canaccord Genuity analysts Tim Huff and Alex Bedwany write in a research note. The London-listed nickel developer estimates a 35% increase to capex requirements for the Brazilian project, which implies a lift to at least $725 million from $537 million. "We would expect Horizonte Minerals to try to find an equity solution including at least $150 million of additional funds, backed by its strategic partners, in order to plug the funding gap in early 2024," they say. Canaccord cut its price target on the stock to 90 pence from 190 pence, while keeping a speculative buy rating. Shares are down 34% at 33.25 pence. (


Contact: London NewsPlus, Dow Jones Newswires;


(END) Dow Jones Newswires

October 03, 2023 13:11 ET (17:11 GMT)

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