The FTSE 100 closed 0.08% higher on Tuesday, below larger gains seen by other European markets as oil companies and homebuilders acted as a drag on other mostly positive sectors. Most global markets saw a boost as a weaker US dollar and weaker yields pushed stocks higher, but among the FTSE 100, BP PLC and Shell PLC fell 3.2 respectively. % and 2.5% as Brent crude prices retreated, said Michael, chief UK market analyst at CMC Markets. Hewson said. Elsewhere in the index, housing stocks took a hit after Persimmon PLC’s latest statement showed economic uncertainty in the UK was starting to hit its sales figures and drive up vacancy rates, Hewson said.
Persimmon sales plummeted; Backs 2022 View but sees 2023 sales slip
Persimmon PLC said on Tuesday that sales in the first four months of the second half of the year fell in the face of strong comparative and macroeconomic headwinds, and while it sees sights on the 2022 meeting, it s expect 2023 sales to fall.
ALD’s acquisition of LeasePlan obtains clearance from UK competition authorities
The British competition regulator announced on Tuesday that it had cleared the acquisition of LeasePlan Corp. by ALD SA, the vehicle rental activity of Société Générale SA.
Aveva’s first-half pretax loss widened on amortization related to Schneider deal
Aveva Group PLC said on Tuesday its first-half pretax loss widened due to amortization of intangible assets related to combinations with the industrial software business of Schneider Electric and OSIsoft.
WPP CFO John Rogers resigns; Britvic’s Joanne Wilson named successor
WPP PLC said on Tuesday that chief financial officer John Rogers had decided to step down from the company and named Joanne Wilson, chief financial officer of soft drink company Britvic PLC, as his successor.
AB Foods’ pre-tax profit for fiscal 2022 increased on strong pricing; Launches £500m share buyback
Associated British Foods PLC said on Tuesday that pre-tax profit for the financial year 2022 rose on the back of robust pricing amid normalizing customer behavior, and increased its dividend payout and launched a buyback program.
IMI 3Q organic revenue up; EPS 2022 Guidelines Upgrades
IMI PLC said on Tuesday that organic revenue growth in the third quarter was 4% and that it was revising its earnings per share forecast for the full year upwards.
Irish government sells 134 million shares of AIB Group at EUR 2.96
JP Morgan Securities PLC said on Tuesday it had sold 134 million ordinary shares of AIB Group PLC on behalf of the Irish government at 2.96 euros per share ($2.97), as first announced on Monday evening.
Hilton Food’s SeaFood 2022 business earnings fall short of expectations
Hilton Food Group PLC said volumes and revenue were in line with the board’s expectations, although it expects lower operating profit from its UK seafood business for the first year in a context of macroeconomic pressures.
Hammerson 3Q rental income, sales up; sees 2022 adjusted earnings increase
Hammerson PLC said on Tuesday that its rental income and sales in the third quarter had increased thanks to the continued post-pandemic recovery, and it expects adjusted profit to increase for the full year.
Seraphine sees an hour loss in tough UK conditions
Seraphine Group PLC said on Tuesday it expected to post a first-half loss after experiencing a difficult retail environment and weaker trading during the summer months.
IMI PLC to buy UK maker of smart thermostatic controls for up to £118m
IMI PLC announced on Tuesday that it is buying British smart thermostatic controls maker Heatmiser UK Ltd. for up to £118 million ($135.9 million), as part of its plan to accelerate the growth of smart buildings.
Marks Electrical 1H Pretax Profit Flat; Supports exercise orientation
Marks Electrical Group PLC said on Tuesday that pre-tax profit for its fiscal first half was stable year on year in a difficult business environment and was well positioned to meet its full-year targets.
Direct line insurance Q3 new business sales drop
Direct Line Insurance Group PLC said on Tuesday that new business sales in the third quarter fell due to price increases to restore margins in the automotive division.
CVS Group plans to double Ebitda and increase revenue over five years
CVS Group PLC said on Tuesday that it expects to double its Ebitda over the next five years and significantly increase revenue growth.
ZOO Digital Reports First-Half Pretax Earnings on Localization Growth and Media Services Expansion
ZOO Digital Group PLC said on Tuesday it recorded its first-ever pre-tax profit for the first half of fiscal 2023 and backed its full-year guidance.
Chesterfield Resources abandons some Cypriot licenses to focus on the most promising
Chesterfield Resources PLC said on Tuesday it would let go of a number of licenses in Cyprus as they expire over the next six months, allowing it to focus on the most promising licenses.
AB Foods wins after boosting profits, investors return
11:17 GMT – Associated British Foods tops the FTSE 100, up 4% after the Primark owner and food producer announced it was launching a buyback program and increased its dividend payout after declaring a higher annual pre-tax profit. “AB Foods’ FY2022 figure was slightly ahead of our expectations, with a strong profit rebound driven by more normalized business conditions at Primark,” analysts at brokerage Davy said in a note. “Most relevantly, the outlook for fiscal 2023 remains unchanged, with management guiding toward meaningful sales growth, albeit with lower year-over-year earnings.” (email@example.com)
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(END) Dow Jones Newswire
November 8, 2022 12:04 p.m. ET (5:04 p.m. GMT)
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