FTSE 100 Index Closes Up 0.3% Lifted by Oil, Miners
20 December 2023 - 4:21AM
Dow Jones News
The FTSE 100 Index closed Tuesday up 0.3% at 7638 points, in
line with global peers and with most of the stocks in positive
terrain. Online grocer Ocado led the index closing up 5.3%,
followed by miners Fresnillo and Anglo American, up 3.9% and 3.85%,
respectively. Flutter Entertainment shares rose 3.5% following a
rating upgrade from Peel Hunt, ahead of its U.S. listing which is
due to go live on Jan. 29, CMC Markets U.K. chief market analyst
Michael Hewson says in a note.
COMPANIES NEWS:
Superdry Performance Hurt by Warm Weather, Challenging Consumer
Market
Superdry said that its performance over the first half of fiscal
2024 was hurt by the challenging consumer retail market and mild
autumn, which delayed purchases of its Autumn/Winter 2023
collection.
---
De La Rue Backs Guidance After Better-Than-Expected Operating
Profit
De La Rue backs its fiscal-year guidance after a
better-than-expected operating profit in the first half of fiscal
2024.
---
Hipgnosis Songs Fund Interim Results Delayed Due to Valuation
Concerns
Hipgnosis Songs Fund said its accounts for the first half of
fiscal 2024 will be delayed due to concerns over the valuation of
its assets.
---
Global Ports Holding Swung to Pretax Profit on Higher Passenger
Numbers
Global Ports Holding said it swung to a pretax profit for the
first half of its fiscal year as passenger numbers rose, and raised
its passenger guidance for the year.
---
Tavistock Investments Shares Rise on Swing to Pretax Profit
Shares of Tavistock Investments rose after the company swung to
pretax profit for the first half of fiscal 2024 and reported higher
revenue.
---
DP Eurasia Shares Rise on New Jubilant FoodWorks Bid That Values
It at GBP139.3 Mln
Shares of DP Eurasia rose after Jubilant FoodWorks, its largest
shareholder, raised its offer for the company in a deal that valued
DP Eurasia at around 139.3 million pounds ($176.2 million).
---
Superdry Shares Dive on Profit Warning
Superdry shares fell as much as 33% in early trade after the
company became the latest European clothing retailer to warn on
profits, blaming a challenging consumer retail market and mild
autumn weather which have hurt sales of its Autumn/Winter
range.
---
AngloGold Ashanti to Invest C$22.1M in G2 Goldfields
G2 Goldfields said Tuesday that mining company AngloGold Ashanti
intends to make a 22.1 million Canadian dollar ($16.5 million)
investment in the company.
---
BP Short-Lists Three Executives to Be Next CEO, Reuters
Reports
--Oil major BP has short-listed three candidates to become its
next chief executive officer, including Interim CEO Murray
Auchincloss, Reuters reports citing unnamed sources.
MARKET TALK:
European Stocks Trade Mixed; U.S. Eyes Gains
1213 GMT - European stocks trade mixed, though Asia markets
mostly rose and Wall Street looks set for gains. The Stoxx Europe
600 advances 0.2%, the DAX rallies 0.3%, the FTSE 100 trades flat
and the CAC 40 drops 0.1%. Japan's Nikkei 225 gained 1.4% after the
Bank of Japan decided to stick to ultra-loose monetary policy. IG
futures data show the Dow opening at 37331, versus Monday's close
of 37306. Brent crude retreats 0.2% to $77.81 a barrel. "News that
more shipping companies would avoid the Red Sea boosted oil prices
and could lead to problems in global supply chains, but the
announcement of a U.S.-led taskforce in the region to deal with
attacks has limited the impact," IG analysts write.
(philip.waller@wsj.com)
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
December 19, 2023 12:06 ET (17:06 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Jun 2024 to Jul 2024
FTSE 100
Index Chart
From Jul 2023 to Jul 2024