The FTSE 100 set a new two-year high on Wednesday, closing up
1.01%, after another strong session, boosted by travel and leisure
and a possible easing of Covid-19 restrictions in England at the
end of the month, says Michael Hewson, chief market analyst at CMC
Markets. The FTSE 250 also made gains, with TUI, Wizz Air and
easyJet all ending in the green. Oil prices pulled back from their
biggest one-day decline this year on Tuesday and the prospect of
U.S.-Iran talks resuming is a positive sign, Hewson notes.
Companies News:
Tate & Lyle Appoints Dawn Allen as CFO
Tate & Lyle PLC said Wednesday that it has appointed Dawn
Allen as the new chief financial officer of the company.
---
Land Securities to Invest GBP1.5B on Mixed-Use Neighborhoods
Pipeline
Land Securities Group PLC said Wednesday that it plans to invest
around 1.5 billion pounds ($2.03 billion) of capital expenditure on
its mixed-use neighborhoods pipeline over the next five years.
---
Capital Metals Intends to Raise GBP1.3 Mln
Capital Metals PLC said Wednesday that it intends to raise 1.3
million pounds ($1.7 million) via an equity issue.
---
Barratt Developments 1H Pretax Profit Rose Despite Revenue
Slip
Barratt Developments PLC said Wednesday that it had a slight
rise in pretax profit for the first half of fiscal 2022 despite a
fall in revenue, and declared an interim dividend.
---
EN+ Group 4Q, 2021 Aluminum Output Rose Slightly
EN+ Group International PJSC said Wednesday that its aluminum
production was slightly higher in the fourth quarter and in
full-year 2021.
---
Grainger Total Rent, Occupancy Grew in Early FY 2022
Grainger PLC said Wednesday that total rent and occupancy grew
and rent collection remained high in the first four months of
fiscal 2022.
---
Photo-Me International Says 1Q Performance Was Stronger Than
Expected
Photo-Me International PLC said Wednesday that its performance
for the first quarter of fiscal 2022 exceeded its expectations.
---
GlaxoSmithKline 4Q Net Profit Grew on Higher Sales
British pharmaceutical giant GlaxoSmithKline PLC on Wednesday
posted an increase in net profit and sales for the final quarter of
2021.
---
John Menzies Rejects GBP468.7 Mln Takeover Approach From
National Aviation Services
John Menzies PLC said Wednesday that it received a 468.7 million
pound ($634.9 million) takeover approach from National Aviation
Services Holding which it has rejected.
---
Chesterfield Completes GBP700,000 Equity Raise
Chesterfield Resources PLC said Wednesday that it has raised
700,000 pounds ($948,150) via a share issue to fund exploration,
working capital and the costs of seeking a secondary listing on the
Toronto Stock Exchange.
---
Dunelm Group's 1H Pretax Profit Rose Boosted by Higher Sales
Dunelm Group PLC reported on Wednesday a rise in pretax profit
for the first half of fiscal 2022 as a result of stronger retail
sales and the outperformance of both homewares and furniture.
---
System1 Group 3Q 2022 Revenue Rose
System1 Group PLC said Wednesday that revenue in the third
quarter of fiscal 2022 rose 8%, and that profitability was in line
with management's expectations.
---
LV=, Royal London End Merger Talks
Royal London Mutual Insurance Society Ltd. and Liverpool
Victoria Financial Services Ltd., known as LV=, separately said on
Wednesday that their initial takeover talks have been ended.
---
PZ Cussons Says 1H Pretax Profit Rose, Warns Cost Pressures Will
Continue Into FY 2023
PZ Cussons PLC reported Wednesday an increase in pretax profit
for the first half of fiscal 2022 despite lower revenue, and warned
of cost pressures continuing into fiscal 2023.
---
LXI REIT Doubles Share Issue to GBP250 Mln on Strong Investor
Support
LXI REIT PLC said Wednesday that it has decided to double its
target share issue size to 250 million pounds ($338.6 million)
after receiving strong levels of investor support and upon
considering its pipeline of opportunities.
Market Talk:
Dunelm Seen as Well-Run Business, in Strong Position
1009 GMT - Dunelm is now picking up the results of its
incredibly well-run business and the tailwind that the pandemic has
brought to spending more money doing up the home, says Russ Mould,
AJ Bell's investment director. The soft-furnishing retailer's
investment in its digital platforms a few years ago also made it
well positioned for growth, Mould adds. "There is always going to
be some demand for towels, lights, cooking equipment and bedding,
all of which is sold by Dunelm. The retailer should also benefit
from having bulked up its value proposition, with more entry-price
products and promotional deals," Mould says. Shares are up 1.7% at
1,285.00 pence. (sabela.ojea@wsj.com; @sabelaojeaguix)
---
Speech by BOE's Pill Could Weigh on Sterling
1018 GMT - Bank of England economist Huw Pill could add to
sterling's underwhelming performance since the central bank raised
interest rates last Thursday if he reiterates a cautious message
about future rate rises in a speech later, MUFG Bank says. "The
relatively unfavorable challenges to growth for the U.K. through
higher energy bills and tax increases from April will continue to
curtail GBP performance for now," MUFG analyst Derek Halpenny says.
"BOE rhetoric emphasizing a more cautious approach to future
tightening will only add to that." Pill speaks at a conference at
1310 GMT. GBP/USD rises 0.3% to 1.3577 and EUR/GBP falls 0.2% to
0.8417. (renae.dyer@wsj.com)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
February 09, 2022 12:52 ET (17:52 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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