FTSE 100 Rises as Oil, Mining Stocks Gain
28 Juni 2022 - 10:38AM
Dow Jones News
FTSE 100 Rises as Oil, Mining Stocks Gain
0805 GMT - The FTSE 100 rises 0.8%, or 59 points to 7317 as
higher crude and metal prices boost oil and mining stocks. Rio
Tinto, Anglo American, BHP, Glencore, BP and Shell advance as Brent
crude increases 1.1% to $112.20 a barrel. Gold, silver and most
base-metal prices are also in positive territory. "Oil prices have
extended gains ahead of tomorrow's OPEC meeting due to supply
disruption in two producer countries," Danske Bank analysts say in
a note. "Libya, whose production has halved since mid-April to
600,000 barrels a day, announced it may suspend exports in the next
three days amid protests that have forced oil fields and ports to
shut down. Anti-government protests are also disrupting Ecuador's
oil production." (philip.waller@wsj.com)
Companies News:
SSE, Equinor to Buy 1.2GW Saltend Gas-Fired Power Station in
GBP341 Mln Deal
U.K. energy group SSE PLC said Tuesday that it is acquiring
Triton Power Holdings Ltd. with Norway's Equinor ASA from Energy
Capital Partners for 341 million pounds ($418.3 million) to be
shared equally between the two companies.
---
OptiBiotix 2021 Pretax Profit Rose on Higher Revenue; Says
Making Good Progress in 2022
OptiBiotix Health PLC said Tuesday that 2021 pretax profit rose
as revenue increased, and that it has continued to make good
progress since the start of 2022 despite the challenging global
environment.
---
Wise Reports Higher FY 2022 Profit, Forecasts 30%-35% Revenue
Growth for FY 2023
Wise PLC on Tuesday reported an improved profit for the year
ended March 31, and forecast revenue growth to continue at 30%-35%
in fiscal 2023.
---
Wynnstay Group 1H Pretax Profit and Revenue Rose on Higher
Inflation, Gas Prices
Wynnstay Group PLC said Tuesday that pretax profit and revenue
rose in the first half of its fiscal 2022 as business was ahead of
the board's expectations, and that it raised its dividend
payout.
---
Petrofac Says Performance Remains In Line With Guidance
Petrofac Ltd. said Tuesday that its performance and expectations
remain in line with guidance provided in late May.
---
Everyman Media Says Jeremy Summerfield Will No Longer Join as
CFO
Everyman Media Group PLC said Tuesday that Jeremy Summerfield
will no longer join the board as chief financial officer as
previously announced.
---
Advanced Oncotherapy Raises GBP6.0 Mln Via Share Issue
Advanced Oncotherapy PLC said Tuesday that it has raised 6.0
million pounds ($7.4 million) via equity issue.
---
Tribal Group Expects 2022 Revenue to Top Views; Says 1H Ebitda
to Be Lower
Tribal Group PLC said Tuesday that it expects 2022 revenue to
top its expectations, and that although Ebitda in the first half
will be lower, it will recover in the second half.
---
Marlowe Swung to FY 2022 Pretax Profit on Higher Revenue; Flags
Strong Start to FY 2023
Marlowe PLC said Tuesday that it swung to a pretax profit for
fiscal 2022 as revenue rose, and that it has had a strong start to
fiscal 2023 with good levels of organic growth consistent with its
medium-term high single digit target.
---
Jadestone Energy Appoints New CFO
Jadestone Energy PLC said Tuesday that it has appointed
Bert-Jaap Dijkstra as chief financial officer, effective Sept.
1.
---
President Energy Swung to Profit in 2021 as Oil Price Bounced
Back
President Energy PLC on Tuesday reported a profit for 2021,
reflecting a recovery in oil-and-gas prices.
---
Purplebricks Delays Publication of 2022 Results to August
Purplebricks Group PLC said Tuesday that it will report 2022
results in the first week of August to allow for enough time to
complete the audit.
---
IG Design 1H Pretax Profit Fell on Higher Costs, to Revise
Strategy
IG Design Group PLC said Tuesday that pretax profit for fiscal
2022 fell despite higher revenue, as performance was hurt by higher
costs and supply-chain issues.
Market Talk:
SSE's Saltend Acquisition Shows Increased Importance of Thermal
Generation
0752 GMT - SSE and Equinor are acquiring a portfolio of
gas-fired generation plants including the 1.2-gigawatt Saltend CCGT
station for GBP341 million. This portfolio was previously sold by
Engie in 2017 for GBP205 million; therefore, the price of this new
deal is 65% higher despite the assets being five years older, RBC's
utilities analyst John Musk says. "We believe this is reflective of
the improved commodity and spread outlook and the increased
importance of flexibility in tighter U.K. generation markets," he
adds. Despite SSE's commitment to renewables and networks, Musk
says this transaction is supportive for the U.K. energy group
because thermal power generation contributes to supply security and
grid stability. (jaime.llinares@wsj.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
June 28, 2022 04:23 ET (08:23 GMT)
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