FTSE 100 Edges Up as Miners, Energy Shares Gain
FTSE 100 Led Higher by Miners, Energy Shares
0826 GMT – The FTSE 100 rises 0.1% to 7104 points, led by energy and mining shares as commodity prices jump. Anglo American, Rio Tinto, Glencore, BP and Royal Dutch Shell are among the top rises. Brent crude jumps 1.7% to $83.78 per barrel while copper prices rise 1.6%. “A U.S. holiday is reducing liquidity but the scramble for energy supplies by Asia and Europe in natural gas and coal markets continues to provide a strong backstop for oil prices, especially with OPEC+ showing no signs of increasing production,” Oanda analyst Jeffrey Halley says. The U.S. equity market is open but the bond market is closed for Columbus Day. ([email protected] Zoom.com)
Asos Shares Tumble After Profit Warning And CEO Departure–MarketWatch
Fashion retailer Asos plunged 15% in early London trading after a profit warning and announcing the surprise departure of its chief executive.
Senior PLC’s Sales in First Nine Months Were 14% Lower on a Constant Currency Basis
Senior PLC said Monday that sales in the first nine months of the year were around 14% lower on a constant currency basis, and that excluding its Senior Aerospace Connecticut unit, revenue in this period was down 11% on an organic, constant currency basis.
UK Watchdog Launches Probe Into Grafton Group’s Planned Sale of Traditional Merchanting Business
The UK. Competition and Markets Authority said Monday that it has started an investigation into Grafton Group PLC’s planned sale of its traditional merchanting business in Great Britain to Huws Gray.
Good Energy Reaffirms 2021 Views Despite UK Market Volatility
Good Energy Group PLC on Monday reaffirmed full-year expectations despite the current volatility in the UK. energy retail sector and recent low wind speeds.
Polarean Imaging Shares Rise on Polarizer System Installation in Canada
Shares in Polarean Imaging PLC rose on Monday after the company said it had installed its 9820 Xenon Polarizer system at the BC Children’s Hospital, in Vancouver, Canada.
ReNeuron Shares Rise on Positive Data From Exosome Drug Delivery Technology Trial
Shares of ReNeuron Group PLC rose Monday after the company said a trial of its exosome drug delivery technology has yielded positive data, showing it can effectively deliver therapeutic proteins to the specific area of the brain affected by several neurological diseases.
Equals Group Revenue Increased in 3Q
Equals Group PLC said Monday that its revenue for the third quarter of 2021 increased amid strong demand for its services.
Ascent Resources Says Slovenian Wells Can Generate at Least EUR100,000 Revenue a Month
Oracle Power Shares Rise on PowerChina International Agreement
Shares in Oracle Power PLC rose on Monday after the company said it had signed a non-exclusive cooperation agreement with PowerChina International Group Ltd. to jointly develop a green hydrogen production facility in Pakistan.
XP Power 3Q Orders Rose, Revenue Fell
XP Power Ltd. said Monday that orders for the third quarter rose 87% on a constant-currency basis and 73% on a reported basis, and that revenue fell 5% on a constant-currency basis and 11% on a reported basis.
LendInvest 1H Platform Assets Under Management and Funds Under Management Rose
LendInvest PLC said Monday that platform assets under management rose 31.7% on the year in the first half of fiscal 2022, while platform funds under management were up 39.8%.
Treatt Forecasts 14% Rise in Revenue for FY 2021
Treatt PLC said Monday that it expects revenue for fiscal 2021 to increase 14% compared with the prior year, and that its adjusted pretax profit is forecast to be in line with the board’s previously upgraded expectations.
Science Group Raises 2021 Guidance for Third Time
Science Group PLC said Monday that it is raising full-year guidance for the third time, citing a resilient business performance and the Frontier acquisition.
UK Economy Is Expected to Have Expanded 0.6% in August
0837 GMT – The UK. economy gained some momentum in August after stalling in July, Pantheon Macroeconomics says. The country’s gross domestic product is expected to have expanded 0.6% over the previous quarter in August, half the rate required for the Bank of England’s forecast of 2.1% quarterly growth in 3Q to be realised, Pantheon says. “Most indicators of overall activity suggest month-to-month growth in GDP was faster in August than in July, but well short of the pace seen in prior months,” the economic-research firm says. Pantheon expects monthly growth in GDP to slow and average just 0.4% in the final four months of this year as households’ real incomes are squeezed by high inflation and fading fiscal support. UK. GDP data for August is due Wednesday. ([email protected] Zoom.com)
0817 GMT – AstraZeneca PLC’s antibody cocktail AZD7442 could help nonhospitalized patients with mild to moderate Covid-19 avoid more severe illness, the drugmaker says in summarized, preliminary trial results. Last week, AstraZeneca asked for U.S. Food and Drug Administration authorization to use the antibody combination for a different purpose, as a preventative shot against symptomatic Covid-19, like a vaccine. Now the company says AZD7442 might also help treat mild to moderate cases in people already infected. Top-line results show it reduced the risk of severe Covid-19 or death by between 50% and 67% if administered within a week after symptoms showed. The company says it’s discussing findings with regulators. Full trial results haven’t been reviewed by independent researchers or published. ([email protected] Zoom.com)
(END) Dow Jones Newswires