The FTSE 100 closed up 0.4% as a modest rebound in copper and
other metals prices helped raise the basic resources sector with
companies such as Antofagasta and Rio Tinto performing well. DS
Smith was the day's best performer, closing up 3.7%, followed by
Avast, up 3.2%, Antofagasta, which closed up 3%, and Fresnillo, up
2.7%. Ocado was the day's biggest faller--down 2.5%--after raising
GBP578 million in a discounted cash raise, followed by Admiral
Group and Associated British Foods, down 2.5% and 2.2%
respectively.
Companies News:
DS Smith FY 2022 Profit Rose Amid Volume Growth, Expects Trend
to Continue
DS Smith PLC on Tuesday reported higher profits amid record
volume growth for fiscal 2022, and forecast that its performance
will improve again this year.
---
easyJet to Buy 56 New Aircraft from Airbus, Convert 18
Others
Budget airline easyJet PLC said Tuesday that it is buying 56
Airbus A320neo family aircraft from Airbus SE and converting 18
A320neo family aircraft into 18 A321neo aircraft.
---
John Wood Names COO Ken Gilmartin as Incoming CEO
John Wood Group PLC said Tuesday that Chief Operating Officer
Ken Gilmartin will become chief executive officer, effective July
1, taking over from current CEO Robin Watson.
---
HSS Hire Sees 2022 Adjusted Ebita in Line With Market Views
HSS Hire Group PLC said Tuesday that it expects to report
adjusted Ebita for the full year in line with market expectations
as it continues to manage ongoing macroeconomic challenges
effectively.
---
Telecom Plus FY 2022 Revenue, Pretax Profit Rose on Demand,
Underlying Organic Customer Growth
Telecom Plus PLC said Tuesday that it booked record results that
were ahead of expectations for fiscal 2022, with increased revenue
and pretax profit, after improved demand and underlying organic
customer growth.
---
Safestore 1H Pretax Profit Rose on Investment Gains; Sees
Full-Year Earnings Rising
Safestore Holdings PLC said Tuesday that its pretax profit and
revenue rose for the first half of fiscal 2022, driven mainly by
investment property gains, and forecasts full-year earnings
slightly above market views.
---
FireAngel Expects to Meet Its 1H Views as Demand Outstrips
Supply
FireAngel Safety Technology Group PLC said Tuesday that it
expects to meet its first half views, with demand higher than its
ability to supply products and set to remain high throughout
2022.
---
K3 Capital Expect to Report Market Beating FY 2022 Earnings
K3 Capital Group PLC said Tuesday that it expects its fiscal
2022 performance to be ahead of market expectations, with all three
units generating strong growth.
---
Tremor International in Talks Over Potential Amobee
Acquisition
Tremor International Ltd. said Tuesday that it is aware of press
speculation regarding a potential acquisition of Amobee and that it
is currently in discussions with the company.
---
Record PLC FY 2022 Profit Rose, Declares Special Dividend
Record PLC said Tuesday that pretax profit for fiscal 2022 rose,
as it benefited from management-fees growth across all current
product lines, and raised its dividend payout and declared a
special dividend.
---
H.C. Slingsby Says Early 2022 Profit Rose on Higher Sales but
Remains Cautious
H.C. Slingsby PLC said Tuesday that pretax profit in the first
five months of the year rose due to increased sales, but retained a
cautious outlook on a competitive market and macroeconomic
factors.
---
1Spatial Year-to-Date Sales Backlog, Recurring Revenue Rises
1Spatial PLC said Tuesday that its sales backlog and recurring
revenue rose in fiscal 2023 to date, and it is confident in
delivering full-year results in line with its expectations.
---
Gear4Music FY 2022 Revenue, Pretax Profit Fell After Prior Year
Was Boosted by Lockdown Impact
Gear4Music (Holdings) PLC said Tuesday that revenue and pretax
profit for fiscal 2022 fell after an exceptional fiscal 2021
boosted by the effects of Covid-19 lockdowns.
---
Starcrest Education Nonexecutive Chairman Resigns
Starcrest Education Ltd. said Tuesday that Nonexecutive Chairman
John McLean has resigned, effective June 20.
---
FinnCap CEO to Step Down; John Farrugia to be Named CEO
Designate
FinnCap Group PLC said Tuesday that John Farrugia will be
appointed chief executive officer designate and eventually CEO, as
current CEO Sam Smith intends to step down from Sept. 1.
---
B90 Holdings 2021 Pretax Loss Widened on Growth Expenses
B90 Holdings PLC said Tuesday that pretax loss for 2021 widened
on higher costs as the group focused on organic growth and
acquisitions.
---
James Cropper Shares Rise on FY 2022 Profit, Revenue
Increase
Shares of James Cropper PLC rose as much as 11% on Tuesday after
the company reported an increase in pretax profit for fiscal 2022,
on the back of strong customer demand which boosted revenue to
prepandemic levels.
Market Talk:
DS Smith Sees Above-Average Volume Growth in FY23
0850 GMT - DS Smith expects 2%-4% volume growth in fiscal 2023,
which is slightly ahead of the average growth expected for the
wider market, Citi's Ephrem Ravi says. The packaging company
reported higher-than-expected revenue for fiscal 2022 with 15%
price growth, showing that a continued price-cost spread is
possible, Ravi says. Earnings per share and dividend were in line
with consensus, and shares in the company rise 1.3%. "DS Smith
should be relatively defensive in a deteriorating macroeconomic
environment, given its higher exposure to fast-moving consumer
goods volumes," the analyst says. (jaime.llinares@wsj.com)
Spire Healthcare Should See Gains Amid Record-High NHS Waiting
List
0841 GMT - Spire Healthcare is well placed to benefit from a
record NHS backlog and private demand, analysts at Berenberg say in
a research note. The U.K. private healthcare provider's cost-saving
target of GBP15 million is more than achievable given its
efficiency programs and lower Covid-19-related costs, they say.
One-tenth of the England's population were on the NHS treatment
waiting list as of May 2022 and private demand is expected to
remain elevated as more of the public is willing to self-pay, the
analysts say. Berenberg starts coverage on the stock with a buy
recomendation and a price target of 300 pence.
(michael.susin@wsj.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
June 21, 2022 12:41 ET (16:41 GMT)
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