FTSE 100 Recovers as Rescue Deal For SVB Lifts Sentiment
0752 GMT - The FTSE 100 rises 0.6% to 7447 points, recovering
after sustaining losses at the end of last week as a sharp rise in
the cost of Deutsche Bank's credit-default swaps sparked fresh
banking sector worries. The recovery comes as U.S. stocks are
expected to open higher after First Citizens Bank agreed to
purchase large parts of the assets of collapsed U.S. bank Silicon
Valley Bank. "It remains to be seen whether this relief rally is
justified until such time as the planks of banking uncertainty can
be removed once and for all, leading to an improvement in investor
confidence which is currently in scant supply," Interactive
Investor analyst Richard Hunter writes. (email@example.com)
Belvoir 2022 Pretax Profit Fell on Higher Costs, Raises
Belvoir Group PLC said Monday that pretax profit in 2022
slightly fell amid higher costs, and that it has increased its
EDF's Acquisition of GE Operations Probed by UK Antitrust
The U.K.'s competition regulator said Monday that it is looking
into Electricite de France SA's deal to buy General Electric Co.'s
nuclear steam-power business.
Hyve Sees 1H Revenue of GBP95 Mln-GBP100 Mln
Hyve Group PLC said Monday that performance in its fiscal first
half has been in line with its expectations after it ran a full
schedule of events and that revenue in the period is seen at 95
million to 100 million pounds ($116.2 million-$122.3 million).
Plexus Holdings 1H Pretax Loss Widened on Higher Costs, Expects
Full-Year Revenue Below Views
Plexus Holdings PLC said Monday that its pretax loss for the
first half of fiscal 2023 widened on higher costs, and that revenue
for the year will be materially lower than market expectations.
Technology Minerals Raises GBP2.5 Mln from New Investor
Technology Minerals PLC said Monday that it has raised 2.5
million pounds ($3.1 million) via a share subscription and loan
note issue with a new investor and will use the money toward its
battery metals mining assets.
Dialight 2022 Pretax Profit Fell Despite Revenue Rising on
Volume, Price Increases
Dialight PLC said Monday that pretax profit fell in 2022 as its
margins were hit by inflation and supply-chain problems, but that
revenue rose on increases in volume and pricing.
CML Microsystems Sees FY 2023 Revenue, Profit in Line
CML Microsystems PLC said Monday that it expects to report
performance in line with market expectations for fiscal 2023, with
revenue of around 20.5 million pounds ($25.1 million) and pretax
profit close to GBP3.1 million.
Tlou Energy Raises A$200,000 to Fund Lesedi Project in
Tlou Energy Ltd. said Monday that it has raised 200,000
Australian dollars (US$132,920) via the issue of shares and will
use the money toward the development of its Lesedi project in
Thungela Resources 2022 Profit Rose on Increased Coal Prices
Thungela Resources Ltd. said Monday that 2022 profit rose as
revenue surged on a significant increase in the price of coal, and
that because of South Africa's Transnet Freight Rail's performance
it was resetting its 2023 production outlook.
Pressure Technologies to Miss Reporting Deadline; Shares to be
Halted April 3
Pressure Technologies PLC said Monday that it won't be able to
meet the March 31 deadline to publish its fiscal 2022 accounts and
that its shares will therefore be suspended from trading on April
Northamber 1H Pretax Loss Widened on Higher Costs
Northamber PLC said Monday its pretax loss for the first half of
fiscal 2023 widened on higher costs, and that the board remains
cautious due to economic uncertainty.
Tortilla Mexican Grill Swung to 2022 Pretax Loss on Inflationary
Tortilla Mexican Grill PLC said Monday that it swung to a pretax
loss in 2022 due to inflationary costs, but that revenue rose 20%
on year and that trading in 2023 so far has been in line with
Severfield Sees FY 2023 in Line After Strong 2H
Severfield PLC said Monday that it expects to report fiscal 2023
performance in line with expectations after booking a strong second
IQGeo Group 2022 Pretax Loss Narrowed on Increased Sales
IQGeo Group PLC said Monday that pretax loss for 2022 has
narrowed on the back of improved sales and broad-based progress
across all segments.
RTC Group Shares Fall on Swing to Pretax Loss
Shares in RTC Group PLC fell Monday after the company said it
swung to a pretax loss due to a challenging first half of 2022.
Equals Group Earnings, Revenue Rose in 2022; Buys Oonex for Up
to GBP4.1 Mln
Equals Group PLC said Monday that revenue and earnings grew in
2022 and that it was buying payments-services provider Oonex
Tandem Shares Fall After 1Q Sales Were Worse Than Expected, 2022
Tandem Group PLC shares fell on Monday after the company said
sales have been slower than expected at the start of the year and
reported a fall in pretax profit for 2022.
Sirius Real Estate Appoints Chris Bowman as CFO
Sirius Real Estate Ltd. said Monday that it has appointed Chris
Bowman as chief financial officer with effect on Aug. 29.
Merit Group's Shares Rise After Selling Lease at London's
Shares of Merit Group PLC rose 17% in early trade on Monday
after the company said that it has sold its London office lease at
The Shard, saving it 2.3 million pounds ($2.8 million) over the
remaining term and after paying for new premises and other
Helium One 1H Pretax Loss Widened on Higher Costs
Helium One Global Ltd. said Monday that its pretax loss for the
first half of fiscal 2023 widened as administrative costs rose.
Tortilla Mexican Grill Lacks Clear Near-Term Catalysts, Shore
0819 GMT - Tortilla Mexican Grill's 2022 results were in line
with expectations, and given there are no clear catalysts in the
near term, no substantial upgrades should be expected, Shore
Capital analysts Bradley Hughes and Greg Johnson write in a
research note. The U.K. fast-casual Mexican restaurant achieved
like-for-like revenue growth slightly ahead of expectations, 16.4%
against Shore Capital's 16.0% forecast, and its fourth quarter was
encouraging despite a challenging backdrop, Shore Capital says. "We
don't sense, at first glance, that the update today will lead to
material changes to our forecasts...nor do we see a clear catalyst
for upgrades," the analysts say. Shore Capital expects revenue of
GBP72 million and adjusted Ebitda of GBP4.7 million in 2023. Shares
are unchanged at 120 pence. (firstname.lastname@example.org)
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
March 27, 2023 04:43 ET (08:43 GMT)
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