UKX FTSE 100 Index

FTSE 100 Rises as Mining and Energy Stocks Rally

0832 GMT - The FTSE 100 rises 0.5% to 7490 points with mining and energy shares among the top performers. Mining stocks Glencore, Anglo American and Antofagasta rally as metal prices rise. Oil and gas giants BP and Shell are lifted by higher crude prices. "Oil prices have nudged higher, as OPEC+ member countries indicate that ongoing production restrictions are set to continue," Hargreaves Lansdown analyst Susannah Streeter writes. Investors are also weighing up the supply side impact of a G7 plan to cap the price of Russian oil, she says. United Utilities falls 1.6% after the water company reported it swung to an underlying loss before tax in the first half. (renae.dyer@wsj.com)

 
Companies News: 

United Utilities 1H Pretax Profit Rose, But Swung to Underlying Loss

United Utilities Group PLC said Wednesday that pretax profit rose for the first half on lower net finance expenses, but it swung to a loss on an underlying basis as macroeconomic conditions hit earnings.

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Johnson Matthey Swung to 1H Pretax Profit, Keeps Dividend

Johnson Matthey PLC on Wednesday reported a swing to pretax profit for the first half of fiscal 2023, despite lower revenue, and maintained its dividend payout.

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Bakkavor Sees FY 2022 Profit at Lower End of Views Despite 3Q Top-Line Growth

Bakkavor Group PLC said Wednesday that revenue grew well in the third quarter despite macro pressures, and that it sees full-year profit in line with market forecasts, though at the lower end of expectations.

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Pets at Home Group 1H Pretax Profit Hit by Higher Costs; Backs FY Guidance

Pets at Home Group PLC on Wednesday reported a 19% fall in pretax profit for the first half of the fiscal year after booking higher costs, but raised the dividend payout and backed its full-year underlying guidance.

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Britvic FY 2022 Pretax Profit, Revenue Rose on Increased Volume; Lifts Dividend

Britvic PLC said Wednesday that fiscal 2022 pretax profit and revenue rose on increased in volume and despite macroeconomic headwinds, and lifted its dividend.

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Halfords Group 1H Pretax Profit Fell on Higher Costs; Keeps Dividend

Halfords Group PLC said Wednesday that pretax profit for the first half fell amid higher sales costs and operating expenses but service demand continues to increase.

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Best of the Best Hopes to Finalize Negotiations With Globe Invest Before Year End

Best of the Best PLC said Wednesday that it is hoping to have finalized agreements with Globe Invest Limited, which signaled its intent to take a stake in the company, before the end of the year.

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Coats Group Revenue Rose in 2H to October; Sees 2022 Meeting Views

Coats Group PLC said Wednesday that it is on track to meet its full-year expectations, and with strong organic growth in the latter half of the year.

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De La Rue Swings to 1H Pretax Loss; Expects to Miss FY Forecast

De La Rue PLC on Wednesday reported a swing to pretax loss for the first half of fiscal 2023 after booking exceptional charges mainly related to the termination of a contract and said that it will miss adjusted operating profit market forecasts for the year.

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Hostelworld Sees 2022 Revenue, Earnings Improving on Persistent Momentum

Hostelworld Group PLC said Wednesday that strong bookings and revenue momentum have persisted since its performance update in October, and it expects full-year revenue and earnings to significantly improve.

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DP Eurasia 10-Month System Sales Grew 12%, Backs 2022 Guidance

DP Eurasia NV said Wednesday that 10-month system sales rose by 12%, supported by pricing.

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Rotork Four-Month Revenue Rose 19%; To Meet FY 2023 Guidance

Rotork PLC said Wednesday that revenue for the four months ended Oct. 30 rose 19%, boosted by higher selling prices as well as measures taken to improve supply-chain issues.

Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

November 23, 2022 03:49 ET (08:49 GMT)

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