The FTSE 100 closed down 0.5% on Wednesday as concerns over the
economic outlook continue to weigh on sentiment, CMC Markets UK's
Chief Market Analyst Michael Hewson says in a note. "The FTSE 100
is also under pressure with the weakness very much broad-based
across various sectors, with defensives feeling the pressure along
with cyclicals, with healthcare a particular drag," Hewson says.
Persimmon ended as the biggest gainer, up 4.9%, while Spirax-Sarco
Engineering was the biggest faller, ending 5.5% in the red.
COMPANIES NEWS:
Persimmon 1Q Sales Fell After Challenging End to 2022, But Sees
Improvements
Persimmon PLC said Wednesday that its private sales rate per
outlet in the first quarter fell by 37% on year, after a
challenging fourth quarter, though it is seeing encouraging signs
of improvement.
---
Smith & Nephew Posts 1Q Revenue Beat on Growth in
Established Markets
Smith & Nephew PLC on Wednesday reported
better-than-expected revenue growth for its first-quarter driven by
the performance of its established markets and backed its guidance
for 2023.
---
Bunzl Backs 2023 Guidance After 1Q Revenue Rose
Bunzl PLC said Wednesday that revenue in the first quarter rose
8.4% at actual exchange rates and 1.2% at constant exchange rates,
and backed its guidance for the year.
---
Elementis 1Q Underlying Revenue Was Flat on Year
Elementis PLC said Wednesday that revenue was flat on an
underlying basis in the first quarter of 2023 on benefits from
pricing measures and improved mix broadly offsetting weaker
volumes.
---
GSK 1Q Profit, Sales Beat Expectations But Fell On-Year; Backs
2023 Guidance
GSK PLC on Wednesday reported net profit and sales that beat
expectations but declined on-year, and backed its guidance for the
full year 2023.
---
Reckitt Benckiser 1Q Revenue Rose Ahead of Views; CEO to Step
Down
Reckitt Benckiser Group PLC said Wednesday that its
first-quarter revenue rose supported by a broad-based growth across
its businesses, and said it has appointed Kris Licht as Chief
Executive Officer to succeed Nicandro Durante.
---
Nichols 1Q Revenue Rose On Packaged Business Performance; CFO
Resigns
Nichols PLC on Wednesday said that revenue rose in the first
quarter of 2023 on strong performance in its packaged business, and
that its chief financial officer will leave the company by the end
of the month.
---
Drax Sees 2023 Earnings Meeting Market Views; To Start GBP150
Mln Share Buyback
Drax Group PLC said Wednesday that it expects to deliver
full-year earnings in-line with analysts' expectations following a
strong first-quarter system-support and generation performance, and
announced a new 150 million pound ($186.1 million) share buyback
program.
---
Fresnillo Backs 2023 Guidance; 1Q Production Costs Worsened by
Inflation, Currency Effects
Fresnillo PLC on Wednesday backed its 2023 production guidance
and said first-quarter adjusted production costs continued to be
worsened by continuing cost inflation and the revaluation of the
Mexican peso against the dollar.
---
Jupiter Fund Management Nonexecutive Chair Nichola Pease Steps
Down
Jupiter Fund Management PLC said Wednesday that Nonexecutive
Chair Nichola Pease is stepping down for personal reasons and will
be replaced by David Cruickshank with immediate effect.
---
Brickability Sees Rise in FY 2023 Revenue, Earnings Ahead of
Market Views
Brickability Group PLC said Wednesday that it expects to report
a rise in revenue for fiscal 2023 and earnings ahead of market
expectations, after a resilient performance in the final
quarter.
---
Breedon Sees 1Q Revenue Rise as Pricing Offsets Volumes
Weakness
Breedon Group PLC said Wednesday that performance in the first
quarter has been positive, with revenue up 10% on year or 7% on a
like-for-like basis on pricing.
---
Man Group 1Q Assets Under Management Rose Slightly
Man Group PLC on Wednesday said its assets under management rose
1% over the first quarter.
---
Zinc Media Group 2022 Pretax Loss Widened on Acquisition Costs;
Revenue Rose 72%
Zinc Media Group PLC said Wednesday that its pretax loss widened
in 2022 on acquisitions-related costs, but that revenue jumped on
growth in TV and its Zinc Communicate units.
---
Warpaint London 2022 Pretax Profit, Revenue Rose; Sees Record 1Q
Sales
Warpaint London PLC said Wednesday that 2022 pretax profit rose
as sales increased, and that performance in the first quarter
continued to be strong as it achieved record sales in the
period.
---
Trifast Sees FY 2023 Revenue Rising, Profit Slightly Ahead of
Guidance
Trifast PLC said Wednesday that fiscal 2023 organic revenue rose
around 7% at constant currency, driven in particular by U.S.
operations, and that it expects adjusted profit to marginally
exceed prior guidance.
---
Narf Industries Shares Fall on 2022 Results Delay
Shares in Narf Industries PLC fell 18% on Wednesday after the
company said the publication of its 2022 results will be delayed
and that it has appointed an interim chief financial officer.
---
Gem Diamonds Sold Seven Diamonds in 1Q for $11.1 Mln
Gem Diamonds Ltd. said Wednesday that it sold seven diamonds in
the first quarter and that this generated revenue of $11.1 million
for the period ended March 31.
---
Biome Technologies 1Q Revenue Rose, Backs Guidance; 2022 Loss
Narrowed
Biome Technologies PLC said Wednesday that its first-quarter
revenue rose significantly on year and retained full-year guidance,
and its 2022 loss narrowed.
---
Image Scan Holdings Swung to 1H Pretax Profit on Higher
Orders
Image Scan Holdings PLC on Wednesday said it swung to a pretax
profit for the first half of fiscal 2023 as it booked and delivered
more contracts to customers.
---
Learning Technologies 2022 Pretax Profit Tripled on Soaring
Revenue
Learning Technologies Group PLC said Wednesday that pretax
profit more than tripled in 2022, as revenue more than doubled
benefiting from the integration of its late-2021 acquisition of GP
Strategies.
---
Pebble Beach Pretax Profit Fell in 2022 Despite 2H Recovery
Pebble Beach Systems Group PLC said Wednesday that its pretax
profit fell in 2022, despite revenue rising on a strong second half
of the year.
---
Alien Metals Appoints Guy Robertson as Chair
Alien Metals Ltd. said Wednesday that it has appointed Guy
Robertson as chair with immediate effect.
---
Ryder System Expects Loss in 2Q From UK Exit
Ryder System Inc. said it expects to post a loss during the
second quarter due to a currency translation charge for its exit
from operations in the U.K.
---
AECI CFO Aarti Takoordeen Steps Down
AECI Ltd. said Wednesday that Chief Financial Officer Aarti
Takoordeen has resigned from her position with immediate effect for
personal reasons.
---
RBG Holdings Shares Jump on 2022 Profit Rise
Shares of RBG Holdings PLC rose as much as 16% on Wednesday
after the company reported a 70% rise in pretax profit for last
year and said that deal origination in Convex Capital remains
positive this year with a growing pipeline of potential
opportunities.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
April 26, 2023 12:45 ET (16:45 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Spirax-sarco Engineering (LSE:SPX)
Historical Stock Chart
From Mar 2024 to Apr 2024
Spirax-sarco Engineering (LSE:SPX)
Historical Stock Chart
From Apr 2023 to Apr 2024
