London Stocks Fall Sharply; Prudential Slides
0807 GMT - The FTSE 100 falls sharply to a two-month low, with
the index last down 1.3% at 6875.13, tracking falls in Asian stocks
due to concerns about increased regulation in China while worries
persist about rising inflation and slow growth. Stock investors are
nervous before a U.S. Federal Reserve policy announcement
Wednesday, where the central bank will likely say something about
plans to taper asset purchases, as well as a Bank of England
announcement Thursday. "Rattled investors are currently succumbing
to risk aversion, as a series of concerns weighs on sentiment,"
says Richard Hunter, head of markets at Interactive Investor.
Financial stocks, miners, and travel and leisure stocks are among
the main fallers. Prudential slides 7.1% after announcing plans to
raise funds, while Asia-focused bank Standard Chartered loses 4.1%.
SourceBio Warns New Covid-19 Testing Plans Will Hurt Growth in
SourceBio International PLC said Monday that the U.K. changes to
travel PCR testing for Covid-19 are expected to impact growth in
Open Orphan Swung to 1H Pretax Profit
Open Orphan PLC on Monday reported a swing to a pretax profit
for the first half of 2021 and said that its full-year earnings
will be strong but fall below market expectations.
Finsbury Food FY 2021 Pretax Profit Rose; Reinstates
Finsbury Food Group PLC said Monday that pretax profit for
fiscal 2021 rose as revenue increased, and that it is reinstating
Frenkel Topping's 1H Assets Under Management, Profit Rose
Frenkel Topping Group PLC on Monday reported higher assets under
management and an improved profit for the first half of the
MyHealthChecked Says Outlook Positive Despite Lifting of UK
MyHealthChecked PLC said Monday that its directors remain
confident monthly testing volumes will continue contributing to
revenue growth, noting that revenue for the third quarter exceeded
its performance in the last two months of the first half.
Haydale Graphene to Raise GBP4.5 Mln to Fund Working Capital
Haydale Graphene Industries PLC said Monday that it plans to
raise 4.5 million pounds ($6.2 million) via a share placing and
subscription and will use the money towards the general working
capital needs of the business.
Ten Lifestyle Group Renews Contract With Barclays Bank UK
Ten Lifestyle Group PLC said Monday that it has secured a
multiyear renewal of its contract with Barclays Bank UK PLC to
provide its concierge and lifestyle services.
Lightsource BP Secures $1.8 Bln Credit Facility, Targets 25GW
Solar Developments by 2025
BP PLC's Lightsource bp said Monday that it has secured a $1.8
billion credit facility to develop 25 gigawatts of solar power
generation capacity by 2025.
Redde Northgate Says Its Performance Continues to Be Strong
Redde Northgate PLC said on Monday that it has continued to
perform strongly across all segments since it announced its
preliminary results on July 7, and that it has signed some new
Arecor's Insulin Candidate Achieves Positive Results in Phase 1
Arecor Therapeutics PLC said Monday that its insulin candidate
for diabetes, AT278, met all primary and secondary endpoints with
positive headline results from the Phase 1 clinical trial.
Eurasia Mining Raises GBP11 Mln to Fund Rosgeo JV Projects
Eurasia Mining PLC said Monday that it is raising around 11
million pounds ($15.1 million) via a private placing of shares to
fund its joint venture with Rosgeo in Russia.
Tritax EuroBox Raises Share Placing Target on Higher Demand
Tritax EuroBox PLC said Monday that investor demand for its
discounted share placing has significantly exceeded its target,
adding that it has risen to around 213 million pounds ($292.6
million) at the same issue price.
Gore Street Energy Buys New Storage Project; Plans to Raise up
to GBP73 Mln
Gore Street Energy Storage Fund PLC said Monday that it is
buying a 57-megawatt energy storage project in Leicester, England
for an undisclosed sum and that it plans to raise up to 72.6
million pounds ($99.7 million) to fund its portfolio expansion
IGas Shares Rise on Deal With SSE to Develop Geothermal Plant in
Shares in IGas Energy PLC rose Monday in early trading after it
announced a deal with SSE PLC to develop a geothermal district
heating project in Stoke-on-Trent, England.
Christie Group Shares Rise on Swing to 1H Pretax Profit, Upbeat
Shares in Christie Group PLC rose on Monday after the company
reported a swing to a pretax profit for the first half and said
that it expects to beat current full-year market operating profit
Contact: London NewsPlus, Dow Jones Newswires; Write to
(END) Dow Jones Newswires
September 20, 2021 04:28 ET (08:28 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
Von Sep 2021 bis Okt 2021
Von Okt 2020 bis Okt 2021