The FTSE 100 closed Friday down 1.26%, as fresh bank-crisis
fears prompted losses in stocks around the world. The index was
just one among a host of European markets that slipped as a renewed
bout of selling of Deutsche Bank AG shares showed the takeover of
Credit Suisse hasn't put a lid on the crisis, IG Group chief market
analyst Chris Beauchamp says. Equally, a widening gulf between the
expectations of the Federal Reserve and those of the market has
prompted further losses, Beauchamp says. "It's not usually a sign
of calm when the Fed and markets are singing from different hymn
sheets, so investors should buckle up and prepare for more
volatility ahead," Beauchamp says.
Games Workshop Declares Dividend
Games Workshop Group PLC said Friday that it has declared a
dividend payout and that trading in the three months to the end of
February has been in line with expectations.
Smiths Group 1H Pretax Profit Rose as Revenue Beat Consensus,
Lifts Full-Year Guidance Again
Smiths Group PLC said Friday that first-half fiscal 2023 pretax
profit rose as revenue beat consensus, and again raised its
revenue-growth guidance for the year.
JD Wetherspoon Swung to 1H Pretax Profit as Sales Rose Above
J.D. Wetherspoon PLC reported on Friday a swing to pretax profit
for the first half of fiscal 2023 on the back of sales that were
ahead of prepandemic levels.
James Fisher & Sons to Report 2022 Revenue Rose, But Results
Delayed to April
James Fisher & Sons PLC said Friday that it expects to
report a rise in revenue for 2022, but that its results would be
delayed a month and published April 28 instead of March 28.
Tribal Group 2022 Pretax Profit Fell on Contract Delay; Cuts
Tribal Group PLC on Friday cut its final dividend on the back of
lower profits due mainly to the delays and subsequent cancellation
of its Nanyang Technological University contract in Singapore, and
despite higher revenue.
Quartix Technologies Starts 2023 in Line With Market Views
Quartix Technologies PLC said Friday that its performance in the
first two months of 2023 has been in line with market views for the
Warpaint Lifts Expectations After Strong 1Q Sales
Warpaint London PLC said Friday that it has lifted its
expectations for 2023 as sales increased in the first quarter of
Caledonia Mining to Raise Up to $13 Mln to Fund Projects;
Reports In-Line 2022 Earnings
Caledonia Mining Corp. said Friday that it plans to raise up to
$13 million via share placings and will use the money to provide
working capital to accelerate the planned work at three new gold
projects in Zimbabwe.
Ocean Wilsons 2022 Pretax Profit Fell on Decline in Value of
Ocean Wilsons Holdings Ltd. said Friday that 2022 pretax profit
fell due to a decline in the valuation of its investment portfolio,
and that in terms of uncertainty, the first quarter of 2023 was
reminiscent of the year-prior period.
San Leon Energy Expects to Complete Refinancing in Near Term
San Leon Energy PLC said Friday that it expects to complete its
refinancing in the near term although the process has taken more
Phoenix Copper Shares Fall as It Seeks to Issue
Copper-Price-Linked Bonds, Secures $2 Mln Facility
Phoenix Copper Ltd. shares fell on Friday after it said that it
is finalizing discussions regarding the placing of up to $80
million of corporate bonds linked to the copper price and that it
has secured dollar working capital through a credit facility.
Ceres Power 2022 Pretax Loss Widened on Higher Costs and Delayed
Fees From China JV
Ceres Power Holdings PLC said Friday that its pretax loss
widened in 2022 due to increasing operating costs, as revenue fell
on a delay in incoming fees from its Chinese joint venture.
Holders Technology Swung to Pretax Loss in FY 2022 on
Holders Technology PLC said Friday that it swung to a pretax
loss in fiscal 2022 as it invested more in the lighting control
IG Design Interim COO Lance Burn to Step Down
IG Design Group PLC said Friday that Lance Burn will step down
from his role as interim chief operating officer and executive
director on March 31.
Supply@Me Capital Says Two Directors Resign, Intend to Buy Back
Supply@Me Capital PLC said Friday that directors Thomas James
and John Collis tendered their resignation Thursday and that they
intend to exercise their right to buy back 100% of the share
capital of subsidiary TradeFlow, which was acquired in 2021.
System1 Group Calls General Meeting for April 21 as Requested;
Says to Vote Against Proposals
System1 Group PLC said Friday that it has called a general
shareholder meeting for April 21 as requested by former Chief
Executive Stefan Barden and former Chief Financial Officer James
Geddes earlier this month.
Accsys Taps Steven Salo as new CFO
Accsys Technologies PLC said Friday that it has appointed Steven
Salo as chief financial officer and a member of the board with
effect from April 1.
Beacon Energy to List on London's AIM in April
Beacon Energy PLC said Friday that it intends to float on the
London Stock Exchange's AIM as a result of a reverse takeover, and
that it expects to raise 6.04 million pounds ($7.4 million) for
drilling a development well and general capital requirements.
Gemfields Group 2022 Boosted by Strong Postpandemic Demand
Gemfields Group Ltd. on Friday reported a 12% rise in net profit
for 2022 on record revenue that was boosted by strong postpandemic
demand and high prices, but warned that macro uncertainty could
drag growth in 2023.
GSK Disagrees With Court Ruling to Allow Plaintiff-Expert
Testimony in Goetz Case
GSK PLC said Friday that it disagrees with a ruling in the Goetz
case by the California state court late Thursday to allow the
plaintiff's experts to testify, and said there is no consistent or
reliable evidence that ranitidine increases the risk of any
Microsoft-Activision Merger Won't Substantially Harm Gaming
Consoles Competition in UK, Watchdog Says
The U.K. Competition and Markets Authority said Friday that new
evidence provisionally alleviates its previous concerns over the
supply of gaming consoles in the U.K. and it has therefore narrowed
the scope of its investigation into Microsoft Corp.'s planned $75
billion acquisition of Activision Blizzard Inc.
In the Style Shares Fall After Business Sale Approved
In The Style Group PLC shares fell on Friday after the company
said shareholders had approved the sale of its operating business
at its annual general meeting, but that the resolution to cancel
its shares didn't pass.
Caledonia Mining Raises $10.6 Mln via Share Placing, More Than
Caledonia Mining Corp. said Friday that it has raised $10.6
million via the share placing first announced this morning, more
than initially planned due to strong investor support.
Next's FY 2023 Profit Set to Increase; Sales and Costs in
1453 GMT - Next's fiscal 2023 profit is expected to increase on
the back of higher prices but investors might focus on the fiscal
2024 outlook and sales trends, AJ Bell investment director Russ
Mould and head of financial analysis Danni Hewson say in a note.
After the fashion retailer reported a robust Christmas, analysts
currently estimate fiscal 2023 full-price sales growth of 6.9%,
they say. Sales mix will be also in focus given previous signs of
consumers shifting to physical stores, they add. Next's upgraded
pretax profit forecast for fiscal 2023 aims for a 5% increase from
GBP822 million reported the previous year, they say. However,
profit in fiscal 2024 is expected to fall 8% on higher costs, they
JD Sports Could Benefit From Nike's Direct-Sales Strategy
1414 GMT - JD Sports Fashion could benefit from Nike's strategy
as it remains the U.S. sportswear company's partner of choice,
Shore Capital analysts Eleonora Dani and Clive Black say in a note.
Even brands like Nike that have a direct-to-consumer strategy still
need the fashion retailer's physical presence to showcase their
products and remain relevant with consumers, the analysts say.
"While Nike's DTC strategy continues at pace, with more than 40% of
revenues now coming from direct sales, the strategy has created a
vacuum at the relatively undifferentiated retailers, like Foot
Locker, that On and other brands are exploiting," they say.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
March 24, 2023 13:09 ET (17:09 GMT)
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