Market News:
FTSE 100 6,524.36 -7.20 -0.11%
FTSE 250 20,996.44 -116.50 -0.55%
FTSE AIM 1,211.51 -0.31 -0.03%
Shares in London closed moderately in red territory as the
momentum that had driven gains in recent days has now ebbed. For
much of the day, investor sentiment was higher as it appeared
likely that the U.S. government was nearing approval of its $1.9
trillion spending plan. "Roughly an hour ago, sentiment turned a
little bearish as U.S. tech stocks rolled over and that impacted
confidence on this side of the Atlantic," said David Madden, Market
Analyst at CMC Markets UK.
Companies News:
AdEPT Technology Says 3Q Performance Was in Line With Views
AdEPT Technology Group PLC said Wednesday that its performance
for the third quarter of fiscal 2021 was in line with management
expectations, with revenue higher than the average of the previous
two quarters.
---
Aseana Abandons Demerger Plan After Failing to Get Banking
Approval
Aseana Properties Ltd. said Wednesday that a planned demerger of
around half of its assets can no longer take place after it failed
to get approval from banking syndicates that had lent funds for
construction of two properties.
---
Ashmore 1H Assets Under Management, Pretax Profit Rise
Ashmore Group PLC reported Wednesday a rise in assets under
management and pretax profit for the first half of fiscal 2021 and
said its performance showed early stages of recovery.
---
Crossword Cybersecurity Raises GBP1.6 Mln
Crossword Cybersecurity PLC said Wednesday that it has raised
around 1.6 million pounds ($2.2 million) via a discounted share
placing and subscription to drive growth in its Rizikon Pro
risk-mitigation platform.
---
Dunelm 1H Profit Rises on Pandemic-Boosted Revenue
Dunelm Group PLC on Wednesday reported a jump in pretax profit
for the first half of fiscal 2021 on higher revenue during the
coronavirus pandemic.
---
Ingenta Expects Fall in 2020 Revenue and Adjusted Ebitda
Ingenta PLC said on Wednesday that it expects a fall in 2020
revenue and adjusted Ebitda, and said the board confirmed its
intention to pay a dividend.
---
JD Sports May Move UK Jobs to Europe Due to Brexit
Regulation
JD Sports Fashion PLC Chairman Peter Cowgill has warned over the
potential need to transfer jobs from the U.K. to Europe due to
Brexit-related costs during an interview with BBC Radio 4 released
Wednesday.
---
Persimmon Sets GBP75 Mln Aside for UK Buildings-Cladding Safety
Issues
Persimmon PLC said Wednesday that it has made a 75 million
pounds ($103.6 million) provision in its 2020 accounts to pay for
cladding remediation and safety issues in its legacy development
portfolio.
---
Pittards Sees 2020 Revenue Fall
Pittards PLC said Wednesday that it expects a fall in 2020
revenue and that it finished the year with a reduced break-even
point and the cost base aligned to current conditions.
---
Redrow 1H Pretax Profit Rises; Reinstates Dividends
Redrow PLC said Wednesday that pretax profit and revenue both
rose in the first half of fiscal 2021, and reintroduced
dividends.
---
Safestyle to Post Losses for 2020 on Pandemic Hit
Safestyle UK PLC said Wednesday that it expects the coronavirus
pandemic to cause an underlying pretax loss of 4.7 million pounds
($6.5 million) for 2020 on lower revenue, despite progress in the
second half of the year.
---
SDI Group Sees Profit and Revenue Rising in FY 2021, FY 2022
SDI Group PLC said Wednesday that it anticipates revenue and
adjusted pretax profit to beat expectations for both fiscal 2021
and fiscal 2022 thanks to coronavirus-related contracts and despite
the pandemic hurting most other areas of the business.
---
Smurfit Kappa 2020 Pretax Profit Rose; Raises Dividend
Smurfit Kappa Group PLC said Wednesday that its pretax profit
rose despite a fall in revenue in 2020 and increased its final
dividend.
---
Starcom Sees Swing to Loss in 2020 on Pandemic Hit
Starcom PLC said Wednesday that it expects a swing to an
adjusted Ebitda loss in 2020 on lower revenue and higher costs amid
the coronavirus pandemic.
---
UK Oil & Gas Appeals Permit Refusal for Loxley Gas
Project
UK Oil & Gas PLC said Wednesday that it has submitted an
appeal to the U.K.'s Planning Inspectorate against the local
authority's decision to refuse a consent for the Loxley gas
appraisal project.
---
WPP Buys Brazil's DTI Digital for Undisclosed Sum
WPP PLC said Wednesday that it has acquired DTI Digital, a
Brazilian innovation and software-engineering company, for an
undisclosed sum.
Market Talk:
AstraZeneca Results to Be Dominated by Vaccine News
1314 GMT - AstraZeneca's coronavirus vaccine is likely to be the
focus of investor interest in the drug company's full-year results
Thursday. South Africa has suspended planned inoculations with the
jab amid concerns about its effectiveness against a new variant of
the virus. UBS says it believes investors will focus on latest
analyses of the vaccine, supply delays in Europe and recent
approvals by the European Medicines Agency and others. The Swiss
investment bank also predicts investor interest in the company's
China business and progress of drugs such as Tagrisso, Lynparza,
Imfinzi and Calquence. "We'll also look for any commentary around
Covid-19 potential impact in 2021 and the path to recovery," UBS
analyst Michael Leuchten says.
---
Pernod Ricard's Full-Year Guidance in Focus at 1H Results, Says
Citi
1251 GMT - The market will be looking more to Pernod Ricard's
full-year guidance than a 1H consensus beat that may already be
priced in, Citi says ahead of the French drinks group's first-half
results. Pernod has been trading high since U.K. peer Diageo posted
its own strong 1H results, and Citi thinks the company will need to
post guidance of high-single-digit organic full-year EBIT growth if
it is to impress investors. However, with Chinese New Year still
ahead and U.S. shipments and depletions set to lag Diageo's, such
guidance isn't likely to be forthcoming before the subsequent
quarterly results in April
---
Ashmore's 1H Earnings Surpassed Market Views
1232 GMT - Ashmore's results for the first half of fiscal 2021
were well ahead of expectations given higher seed capital gains,
Peel Hunt says. The U.K. brokerage says the FTSE 250-listed fund
manager remains well placed to capture improved flows into emerging
markets, given the relative attractions compared to developed
markets. "We shall review our forecasts this morning with the
expectation of a meaningful increase given the first-half
performance," Peel Hunt adds. Shares are up 0.6% at 482.40
pence.
Contact: London NewsPlus, Dow Jones Newswires;
+44-20-7842-931
(END) Dow Jones Newswires
February 10, 2021 12:16 ET (17:16 GMT)
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