The FTSE 100 closed up 0.03% on Monday, bouncing back from
losses experienced at the open following worries that new U.K.
fiscal policy support measures would fuel inflation and send
government debt soaring. The session's top risers were Hargreaves
Lansdown PLC, Fresnillo PLC and Entain PLC, while Taylor Wimpey
PLC, Persimmon PLC and Barratt Developments PLC were the biggest
Unilever CEO Alan Jope to Retire at End of 2023
Unilever PLC said Monday that Chief Executive Officer Alan Jope
has decided to retire from the company at the end of 2023 after
five years in the role.
Anglo American Begins Copper Operations at Peru Site; Revises
Anglo American PLC said Monday that it has started commercial
copper operations at its Quellaveco project in Peru, and narrowed
2022 guidance for copper from Chile.
GSK PLC Names Julie Brown as New CFO; Iain Mackay to Retire in
GSK PLC said Monday that it has appointed Julie Brown as its new
chief financial officer, replacing Iain Mackay, from May 2023.
Pendragon Gets 29 Pence/Share Takeover Offer From Hedin
Pendragon PLC said Monday that it has received a
29-pence-a-share takeover offer from Hedin Mobility Group AB.
Babcock International Five-Month Performance in Line With
Babcock International Group PLC said Monday that its performance
for the first five months of fiscal 2023 was within the board's
expectations, and that the market backdrop remains dynamic.
Sainsbury's Talks with LXI REIT Over Sale of 18 Stores
J Sainsbury PLC said Monday that it is no longer in discussions
with LXI REIT PLC over the sale and leaseback of a portfolio of 18
supermarket stores, due to LXI's market volatility concerns.
Next Fifteen Swung to 1H Pretax Loss as Costs Increased
Next Fifteen Communications Group PLC said Monday that it swung
to a first-half pretax loss as costs increased.
Christie Group 1H Pretax Profit Rose on Strong Demand; Increases
Christie Group PLC said Monday that its first-half pretax profit
and revenue rose amid strong demand, and raised its dividend.
RPS Agrees to New $690.1 Mln Takeover by Tetra Tech; Withdraws
RPS Group PLC said Monday that it has agreed to a 636
million-pound ($690.1 million) offer from Tetra Tech Inc. and has
withdrawn its recommendation for the previously agreed WSP Global
Likewise 1H Pretax Profit Fell as Costs Increased
Likewise Group PLC said Monday that pretax profit for the first
half fell as costs increased.
Emmerson to Place $6.0 Mln in Shares, Extends Investment for
Khemisset Potash Project
Emmerson PLC said Monday that it has agreed with Global
Sustainable Minerals Pte and Gold Quay Capital Pte to extend its
loan notes commitment period and that it will place shares for
further funding of its Khemisset potash project development.
Finsbury Food FY 2022 Pretax Profit Fell on Higher Costs;
Revenue Up on Pandemic Recovery
Finsbury Food Group PLC said Monday that fiscal 2022 pretax
profit fell after booking higher costs, and that although there
wasn't any certainty yet regarding the real effect of the
inflationary environment the company remained confident in its
MusicMagpie Shares Plunge on Lowered 2022 Profit Views Amid
Worsening Economic Outlook
Shares in MusicMagpie PLC plunged 40% on Monday after it said in
a performance update that it now expects profit for the year to be
below expectations due to the worsening economic outlook and
increasing cost-of-living pressures in the U.K.
Vast Resources to Raise GBP656,000 in Discounted Placing, Shares
Shares in Vast Resources PLC fell Monday after it said that it
will raise 656,000 pounds ($711,760) via a discounted share
placing, and that it will use the funds to support company
operations over the next weeks after an exporting delay.
Tavistock Investments FY 2022 Pretax Profit Rose Significantly;
Shares in Tavistock Investments PLC rose Monday after the
company said that its fiscal 2022 pretax profit increased
significantly on the disposal of its wealth division.
CPPGroup Swung to 1H Profit; Suspends Dividends Amid Strategy
CPPGroup PLC said Monday that it swung to a pretax profit for
the first half after booking strength in its Indian and Turkish
operations, and that it is suspending dividend payments pending the
completion of a strategy review.
Frenkel Topping 1H Pretax Profit Fell On Higher Costs, Assets
Under Management Rose
Frenkel Topping Group PLC said Monday that pretax profit for the
first half of 2022 fell slightly, but in line with the board
expectations, as the company booked higher finance costs, while
assets under management remained resilient despite the challenging
Gemfields 1H Net Profit More Than Doubled as Normal Auction
Gemfields Group Ltd. said Monday that it expects to report a net
profit of $56.7 million for the first half compared with $23.8
million a year earlier as it returned to its normal auction
SpaceandPeople 1H Pretax Loss Widened on Higher Costs
SpaceandPeople PLC said Monday that its first-half pretax loss
widened after booking higher costs, and that it anticipates that
higher energy costs and inflation will have an effect on
discretionary spending in the run up to Christmas.
Eckoh's Five-Month Performance in Line With Views
Eckoh PLC said Monday that its performance in the first five
months of fiscal 2023 was in line with market expectations.
Concurrent Technologies Shares Drop After 1H Profit Fall,
Shares in Concurrent Technologies PLC fell 22% on Monday after
the company said that pretax profit and revenue fell in the first
half of 2022, and that it was suspending the interim dividend amid
component supply issues.
Xpediator Shares Fall on Lower 1H Pretax Profit Despite Higher
Xpediator PLC shares fell Monday after it said first-half pretax
profit fell despite an increase in revenue, and didn't declare a
Babcock International Still Faces Challenges Despite In-Line
0928 GMT - Although Babcock International said it is performing
in line with management's expectations, it still has challenges to
work through in delivering margin recovery to generate stronger
cash flow and returns, Shore Capital analyst Robin Speakman says in
a note. For the engineering company, not least of these will be the
effect of inflation on labor costs, Speakman says. "No doubt much
of this should be able to be passed on under contract terms, but we
still await additional guidance on stranded cost lines etc.,"
Speakman says. Shore Capital rates the stock hold. Shares are down
0.5% at 304.40 pence. (email@example.com)
Next Fifteen's Favorable Forex Foreshadows Future Fortunes
0928 GMT - Next Fifteen Communications Group's earnings for
fiscal 2023 look set to benefit from favorable forex movements and
the company could receive a further boost if trends persist, Peel
Hunt analyst Jessica Pok says in a research note. While shares have
suffered since the announcement of a competing bid for M&C
Saatchi, Pok says the brokerage hopes to see an outcome on the
matter by year end, adding that, with or without the asset, Next
Fifteen looks set to be able to continue to deliver. Peel Hunt
upgrades the stock to buy from add and has a target price of 1,580
Contact: London NewsPlus; firstname.lastname@example.org
(END) Dow Jones Newswires
September 26, 2022 12:20 ET (16:20 GMT)
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