FTSE 100 Rises Tentatively; Miners Fall
0757 GMT - The FTSE 100 index rises 0.4% to 7046.92, with
sentiment helped by gains in U.S. equity indexes the previous day.
Gains are limited, however, as equities continue to struggle for
direction. Concerns linger about the U.S. Federal Reserve's plans
to scale back asset purchases in coming months, even though recent
softer U.S. inflation has meant this prospect looks unlikely to be
imminent. "European markets are expected to start the day with
small gains, but overall it looks like the back-and-forth movement
of the past week remains the dominant theme," IG says. Travel
stocks are among the main risers, with British Airways owner
International Consolidated Airlines up 2.7%, though mining stocks
fall. Focus later will center on the release of U.S. retail sales
and jobless claims data at 1230 GMT. (jessica.fleetham@wsj.com)
Companies News:
Ryanair Raises Five-Year Passenger Growth Forecast to 50%
Ryanair Holdings PLC on Thursday raised its five-year growth
forecast to 225 million passengers by March 2026.
---
Philip Morris Offer for Vectura Becomes Unconditional After
Securing 75% Support
Philip Morris International Inc. said Thursday that its offer
for Vectura Group PLC has become unconditional in all respects,
after it secured support representing 74.77% of the U.K.
inhaled-medicines company's share capital.
---
Ashtead Group 1Q Pretax Profit Rose; Raises Guidance
Ashtead Group PLC said Thursday that pretax profit rose as
revenue increased for the first quarter of fiscal 2022, and that
the board expects results for the full year to be ahead of its
earlier expectations.
---
IG Group 1Q Revenue Rose 6% Driven by Tastytrade Acquisition
IG Group Holdings PLC said Thursday that its revenue grew in the
first quarter of the fiscal year, driven by the acquisition of
online brokerage Tastytrade.
---
Games Workshop Declares 25p Dividend; Sees Performance In
Line
Games Workshop Group PLC on Thursday declared a dividend of 25
pence (35 cents) a share and said performance in the three months
to Aug. 29 was in line with expectations.
---
Galliford Try Holdings Swung to FY 2021 Pretax Profit
Galliford Try Holdings PLC on Thursday reported a swing to a
pretax profit for fiscal 2021 and said that it is well placed to
deliver growth.
---
THG's 1H Pretax Loss Widened
THG PLC reported on Thursday a significantly widened pretax loss
for the first half of 2021 and said that the intended separation of
its key trading divisions remains ahead of schedule.
---
Chamberlin Expects to Restore Profitability in FY 2022, Shares
Rise
Shares in Chamberlin PLC rose Thursday morning after the
castings and engineering group said that it expects to return to
profitability in the second half of the fiscal year.
---
Enwell Energy 1H Profit Rose on Higher Production, Prices
Enwell Energy PLC on Thursday reported a significantly improved
profit for the first half of the year, reflecting higher production
and gas prices.
---
Circassia 1H Pretax Loss Narrowed
Circassia Group PLC on Thursday reported a narrowed pretax loss
for the first half of 2021, and said that business in July and
August has been slightly above Ebitda break-even.
---
Keystone Law Group 1H Pretax Profit Rose
Keystone Law Group PLC said Thursday that pretax profit rose for
the first half of fiscal 2022 as revenue increased, and that it
expects its performance for the year to be materially above market
expectations.
---
Clinigen Group's Pretax Profit More Than Doubled in FY 2021
Clinigen Group PLC on Thursday reported a more-than-doubled
pretax profit on higher revenue for fiscal 2021.
---
Brooks Macdonald FY 2021 Pretax Profit Rose
Brooks Macdonald Group PLC said on Thursday that pretax profit
for fiscal 2021 rose as revenue increased, and that, with a strong
pipeline and net flows expected to improve further over fiscal
2022, it was well-positioned to continue to deliver on its growth
strategy.
---
C&C Group Returned to Profitability in 1H FY 2022
C&C Group PLC said Thursday that it returned to
profitability in the first half of fiscal 2022 and that it is
partly insulated from the shortage of truck drivers in the U.K.
---
Superdry FY 2021 Pretax Loss Narrowed; Optimistic on Mid
Term
Superdry PLC said on Thursday that its pretax loss for fiscal
2021 narrowed thanks to lower costs, and that trading has been
encouraging since the reopening of its stores.
---
Kier Group Swung to FY 2021 Pretax Profit; Current Performance
in Line With Views
Kier Group PLC said Thursday that it swung to a pretax profit
for fiscal 2021 after booking lower costs, and that current
performance was in line with the board's expectations.
---
Market Talk:
Surge in UK Breakeven Rates Drives Gilt Yields Higher
0737 GMT - Above-forecast inflation data in the U.K. triggered
an increase in breakeven rates, a measure of market-based inflation
expectations derived from the difference between nominal government
bond yields and comparable inflation-linked yields, says UniCredit.
Nominal government yields rose on both side of Atlantic, driven by
an increase in breakeven rates triggered by higher-than-expected
inflation data in the U.K., it says, adding that 10-year gilt
breakeven rates increased by 9 basis points.
(lorena.ruibal@wsj.com)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
September 16, 2021 04:19 ET (08:19 GMT)
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