FTSE 100 rises as miners, oil stocks and Sainsbury’s gain
FTSE 100 rises as miners, oil stocks and Sainsbury’s gain
0910 GMT – The FTSE 100 index rises 0.6%, or 46 points to 7,537, as miners and oil stocks advance after positive trade in Asia and higher crude prices. BHP, Antofagasta, Glencore, BP, Shell and Rio Tinto were among the biggest gains after mainland China, Hong Kong and Japan markets all closed firmly in positive territory. The price of a barrel of Brent crude rose 0.4% to $ 84.08. Meanwhile, Sainsbury’s gained more than 1% after the UK grocer said third-quarter comparable sales, including fuel, fell, but improved its market expectations for the full year in terms of lower costs, market share growth and higher Christmas grocery volumes. (email@example.com)
Sainsbury’s Improves Fiscal 2022 Views of Lower Costs and Higher Christmas Grocery Volumes
J Sainsbury PLC said on Wednesday comparable sales, including fuel, for the third quarter of fiscal 2022 fell, but improved its full-year market expectations for lower costs, share growth market and higher volumes of groceries during Christmas.
Whitbread 3T Total sales increased 5%
Whitbread PLC said on Wednesday that total sales for the third quarter of fiscal 2022 increased by 5% and that its performance in the UK through January 6 has been resilient despite the Omicron Covid-19 variant.
Bunzl acquires New Jersey-based PPE distributor for undisclosed sum
Bunzl PLC said on Wednesday it had acquired Tingley Rubber Corporation, a New Jersey-based personal protective equipment distributor, for an undisclosed amount.
UK competition regulator clears IAG and Air Europa merger
The UK’s Competition and Markets Authority said on Wednesday that the proposed acquisition of Air Europa by International Consolidated Airlines Group SA was not subject to investigation under the Enterprise Act 2002.
JD Sports Fashion turnover over 22 weeks until January 1 Rose; Pre-tax profit of $ 1.19 billion for fiscal 2022
JD Sports Fashion PLC said on Wednesday that revenue for the 22-week period to Jan. 1 in its comparable businesses increased by more than 10% compared to the same period in 2020, and that it expects to overall profit before tax for fiscal 2022 of 875 million pounds ($ 1.19 billion).
Vistry Says 2021 Adjusted Pre-Tax Profit Increased As Realized Sales Increased
Vistry Group PLC said on Wednesday that it expects full-year adjusted pre-tax profit to increase as expected, after a strong increase in realized sales.
PageGroup Says 2021 Operating Profit Was Above Expectations
PageGroup PLC said on Wednesday it plans to report operating profit for 2021 slightly above its previous forecast of around 165 million pounds ($ 225 million), driven by continued improvement throughout the year. .
Dunelm Reports First Half Profit Before Tax and Third Quarter Total Sales Increase
Dunelm Group PLC said on Wednesday that total sales increased in the third quarter of fiscal 2022, driven by strong performance from its stores, and that it expects to post growth in pre-tax profit for the first half of the year.
Trustpilot sees 2021 revenue at $ 131 million; Total bookings of $ 150 million
Trustpilot Group PLC said on Wednesday it plans to report revenue of $ 131 million for 2021 and total bookings of $ 150 million.
Mr Winkworth expects 2021 Rev, Pft to beat the sights; Declare Special Div
Mr Winkworth PLC said on Wednesday he expects 2021 revenue and pre-tax profit to exceed expectations, and declared a special dividend.
S4 capital performance in line with market expectations; Media.Monks, 4 Mile Analytics to merge
S4 Capital PLC said on Wednesday that performance remained in line with market expectations and that Media.Monks and 4 Mile Analytics would merge.
Sales of DFS Furniture 1H increased by 10% compared to fiscal 2019; Supports the orientations for the 2022 financial year
DFS Furniture PLC said on Wednesday that sales for the first half of fiscal 2022 were up 10% from the same period in fiscal 2019, before the onset of the pandemic, and backed its forecast for the whole year.
Hostelworld revenue was clawed back in 2021, but was impacted by Omicron
Hostelworld Group PLC said on Wednesday it saw a steady recovery in bookings and revenue in 2021 from pre-pandemic levels except for the latter part of the year amid the rise of the coronavirus variant Omicron.
Nichols’ revenues increased in 2021; Backs Profit Guidance
Nichols PLC said on Wednesday that 2021 revenue grew 22% and was broadly in line with 2019 levels, and supported its profit forecast for the year.
Survey on Microsoft’s acquisition of Nuance Communications launched by UK Antitrust Watchdog
The UK’s Competition and Markets Authority announced on Wednesday that it had opened a formal investigation into Microsoft Corp’s proposed acquisition of Nuance Communications Inc. to determine whether the merger would reduce competition in UK markets.
Savills sees 2021 profit significantly higher than expected
Savills PLC said on Wednesday that it expects underlying pre-tax profit for 2021 to be significantly higher than the board’s expectations, after a period of strong final activity.
JD Sports Fashion shares drop after update
09:25 GMT – Shares of JD Sports Fashion top the FTSE 100 slaughterer, down 2.6% after the UK clothing retailer forecast better-than-expected annual pre-tax profit but said it was wary of the ongoing pandemic and supply chain issues. Although the update indicated robust trade, uncertainty regarding the pandemic cannot yet be completely ruled out, according to Interactive Investor. “Brexit and supply chain challenges are also an issue, costs are rising, while indebted consumers around the world are now facing potentially higher interest rates,” said Keith Bowman, of the trading company. “That said, JD’s track record of expansion and acquisitions is strong, with growth in the United States proving its most recent focus.” (firstname.lastname@example.org)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newspapers; email@example.com
(END) Dow Jones Newswires