FTSE 100 Rises, Boosted By Energy Stocks, Miners
29 November 2022 - 12:17PM
Dow Jones News
FTSE 100 Rises, Boosted By Energy Stocks, Miners
1010 GMT - The FTSE 100 rises 0.6% to 7515.55 in morning trade,
boosted by gains for heavyweight oil-linked stocks and miners as
oil and metal prices rebound on hopes that China may ease its
Covid-19 restrictions in response to protests. "The FTSE 100
bounced back on Tuesday as the same oil and mining stocks which had
driven the index lower yesterday recovered on hopes for an easing
of China's strict zero-Covid policy," AJ Bell investment director
Russ Mould writes. BP rises 1.2% while Shell gains 1.1%. Among
miners, Rio Tinto rises 3.1% and Anglo American by 2.9%.
International Consolidated Airlines falls 1.4% after budget airline
peer easyJet reported a full-year pretax loss, causing its shares
to fall 4%. (jessica.fleetham@wsj.com)
Companies News:
AstraZeneca to Buy Neogene Therapeutics for $320 Mln
AstraZeneca PLC said Tuesday that it is buying biotechnology
company Neogene Therapeutics Inc. for up to $320 million.
---
easyJet FY 2022 Pretax Loss Narrowed, Revenue Rose on Pandemic
Recovery
easyJet PLC said Tuesday that its fiscal 2022 pretax loss
narrowed and revenue rose as passenger numbers and revenue per seat
recovered following the easing of Covid-19-related
restrictions.
---
Shaftesbury Swung to FY 2022 Pretax Profit on Revaluation Gains
and as Income Rose
Shaftesbury PLC said Tuesday that it swung to a pretax profit
for fiscal 2022, primarily on gains from the revaluation of
investment properties, while net property income rose 28%.
---
Amigo Holdings Swung to 1H Loss, Revenue Fell as Legacy Loan
Book Unwinds
Amigo Holdings PLC said Tuesday that it swung to a pretax loss
for the first half of fiscal 2023 as revenue dropped, and said
meetings with potential investors in relation to a capital raise
are under way.
---
Wise PLC 1H Pretax Profit Boosted by Interest Rates, Higher
Revenue
Wise PLC on Tuesday reported a large rise in pretax profit for
the first half of fiscal 2023 as it benefited from higher interest
rates on customer accounts, and backed its full-year guidance.
Market Talk:
Market Makers, Gilt Investors Differ on Long Gilt Syndication,
DMO Says
1016 GMT - U.K. gilt market-makers broadly favor the syndication
of a new bond maturing in the 30-year area while more gilt
investors show a preference for the launch of a new 40-year
maturity, the U.K. Debt Management Office says after consultations
with them. "The balance of opinion among market makers was more in
favour of a new bond maturing in the 30-year area with a maturity
year of 2053 most often mentioned," the DMO says. Meanwhile, "a
majority of gilt investors had a preference for the launch of a new
40-year maturity." (miriam.mukuru@wsj.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
November 29, 2022 06:02 ET (11:02 GMT)
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