FTSE 100 Rises in Early Trade as Quarter Comes to An End
0910 GMT - The FTSE 100 index rises 0.7%, or 48.5 points, to
6930.11, as equity markets stage a moderate recovery after steep
losses this week in response to the U.K.'s plan for sweeping tax
cuts to be funded by borrowing. Quarter-end flows are dominating
trade, but the overall outlook remains grim with concerns about
U.K. fiscal policy coupled with economic and geopolitical woes.
"Before taking into account today's moves, Q3 will have been a
pretty dreadful quarter for many investors in the U.K. stock
market," says Steve Clayton, fund manager at HL Select in a note.
Property stocks are among the biggest gainers, recovering after
steep losses, with Barratt Developments up 4.6% and Persimmon
gaining 3.9%. (email@example.com)
Cineworld 1H Pretax Loss Narrowed After Easing of Covid-19
Cineworld Group PLC said Friday that its first-half pretax loss
narrowed as revenue rose after the easing of remaining Covid-19
restrictions in the first quarter.
Morses Club Remained Materially Lossmaking in 1H Due to Redress
Morses Club PLC said Friday that it continued to be materially
lossmaking in the first half of fiscal 2023 due to redress claims
in its HCC division, and raised material uncertainty concerns.
JD Sports, Nike Partner to Offer Customer Rewards
JD Sports Fashion PLC said Friday that it has partnered with
Nike Inc. to offer customer rewards.
Pennon Says 1H Performance In Line With Expectations
Pennon Group PLC said Friday that its performance for the first
half ending Sept. 30 is in line with management expectations amid a
volatile macroeconomic backdrop.
Dignity Swung to 1H Loss After Pricing, Product Mix Changes
Dignity PLC said Friday that it swung to a pretax loss for the
first half of 2022 after market normalization post-Covid-19, an
impairment and a significant change to the pricing and product
Science in Sport Hangs Up 'For Sale' Sign; To Raise GBP5 Mln via
Science in Sport PLC said Friday that it has started a review of
the business that could lead to the sale of the company or some
assets, and plans to raise 5 million pounds ($5.6 million) to
support the business in the event of a further downturn on the
Numis Expects 33% Revenue Drop for FY 2022 on Weaker
Numis Corp. said Friday that it expects revenue to fall 33% in
fiscal 2022 due to weaker capital-markets activity and a strong
comparison in the previous year.
LoopUp Group 1H Revenue, Pretax Profit Fell
LoopUp Group PLC said Friday that revenue and pretax profit fell
in the first half of the year.
Real Good Food Says Early FY 2023 Was Challenging; Volumes
Real Good Food PLC said Friday that market conditions in early
fiscal 2023 have been challenging, with volumes down both on year
and compared with prepandemic levels, and it expects to take
further cost-cutting measures.
Live Company Group 1H Pretax Loss Narrowed as Revenue Soared
Live Company Group PLC on Friday said its first-half pretax loss
narrowed as revenue jumped.
Ince Group Sees Lower Comparable 1H Performance But FY Trading
Ince Group PLC said Friday that its performance for the first
half of fiscal 2023 isn't expected to show any improvement on a
like-for-like basis compared with the same period a year earlier,
but that trading activity for the year as a whole is on track to
DP Eurasia 1H Pretax Profit, Revenue Rose; Current Performance
in Line With Views
DP Eurasia NV said Friday that pretax profit and revenue rose in
the first half of 2022, reflecting robust growth in system sales,
and that it is performing in line with the expectations of the
Science in Sport 1H Pretax Loss Widened on Russia Exit, Costs,
Science in Sport PLC said Friday that its first half pretax loss
widened as it was hit by external headwinds, and despite a rise in
Ukrproduct Swung to 1H Loss as Ukraine War Weighs
Ukrproduct Group Ltd. reported on Friday that it swung to a loss
in the first half of the year as the war in Ukraine disrupted the
business and hit revenue.
Mode Global Holdings 1H Revenue Hurt by Market Volatility
Mode Global Holdings PLC said Friday that its first-half revenue
was hit amid market volatility, but reported a slightly narrowed
Trackwise 1H Pretax Loss Widened Due to Exceptional Costs; Seeks
Trackwise Designs PLC said Friday that its pretax loss widened
for the first half after it booked exceptional costs, and that it
will need additional funding.
Fox Marble Holdings 1H Pretax Loss Widened on Takeover Costs
Fox Marble Holdings PLC on Friday said its pretax loss widened
in the first half of the year due to costs incurred as part of the
reverse takeover of Eco Buildings Group Ltd.
Contact: London NewsPlus; firstname.lastname@example.org
(END) Dow Jones Newswires
September 30, 2022 05:32 ET (09:32 GMT)
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