FTSE 100 Rises as Traders Welcome Absence of Fresh Banking
Shocks
0744 GMT - The FTSE 100 rises 0.5% to 7598 points as investors
welcome the absence of further negative banking sector surprises.
"While sentiment currently remains on something of a knife-edge, no
news will continue to be good news in terms of any further banking
shocks," Interactive Investor analyst Richard Hunter writes. While
U.K. bank stocks have recovered somewhat in recent days, the
volatility related to banking sector troubles has left its mark
with Lloyds, Natwest, HSBC, Barclays and Standard Chartered shares
still lower compared to levels seen before the collapse of U.S.
lender Silicon Valley Bank, he says. The road to recovery has some
way to go before the banks can be recognised again as liquid and
stable investment destinations, he says. (renae.dyer@wsj.com)
Companies News:
Moonpig Backs FY 2023 Revenue, Earnings View on 2H
Resilience
Moonpig Group PLC said Thursday that its performance has been
resilient in the second half to date as it booked its largest ever
week of sales in the U.K. ahead of Mother's Day, and backed its
expectations for revenue and adjusted earnings before interest,
taxes, depreciation and amortization for fiscal 2023.
---
SSE Raises FY 2023 Adjusted EPS Guidance Again
SSE PLC on Thursday raised its adjusted earnings per share
expectations to more than 160 pence ($1.97) in fiscal 2023, up from
the updated 150 pence guidance and backed some of the other targets
it issued in January.
---
Shoe Zone Launches GBP3 Mln Share Buyback Program
Shoe Zone PLC said Thursday that it is launching a share buyback
program to purchase 3.0 million pounds ($3.7 million) worth of
shares.
---
Arbuthnot Banking 2022 Pretax Profit Rose on BoE's Rate
Increases
Arbuthnot Banking Group PLC said Thursday that its pretax profit
and net interest income rose significantly in 2022 thanks to the
Bank of England's rate increases, which are expected to further
boost revenue in 2023.
---
Tasty Swung to FY 2022 Pretax Loss on Higher Costs
Tasty PLC reported on Thursday a swing to pretax loss on the
back of increased costs despite higher revenue.
---
Secure Trust Bank 2022 Pretax Profit Fell, Says Chairman to
Retire
Secure Trust Bank PLC on Thursday said is confident it will
deliver a strong performance in 2023 and announced the planned
retirement of its chairman, as it posted a lower 2022 pretax
profit.
---
John Lewis of Hungerford 1H Pretax Loss Widened; FY 2023 Pretax
Profit Seen Up on Year
John Lewis of Hungerford PLC said Thursday that its pretax loss
widened for the first half of fiscal 2023 after booking higher
costs, but that the board believed pretax profit for the year will
be ahead of fiscal 2022.
---
Dillistone Secures Potential Major Contract, Sees Revenue Rise
From 2024 Onward
Dillistone Group PLC said Thursday that it has secured a
potentially significant contract win with an undisclosed leading
U.K.-based contingency recruiter company, without providing
financial details on the deal.
---
Gresham House 2022 Assets Under Management Rose On Fundraising,
Investment Performance
Gresham House PLC said Thursday that its assets under management
grew 20% in 2022, driven mainly by strong fundraising and
investment performance, while net income increased.
---
James Latham Sees FY 2023 Pretax Profit Meeting Market
Expectations, Revenue Ahead
James Latham PLC said Thursday that it sees pretax profit for
fiscal 2023 in line with market expectations, while revenue for the
year ending March 31 is expected to be slightly ahead.
---
International Public Partnerships 2022 Pretax Profit Rose; Backs
Dividend Guidance
International Public Partnerships Ltd. said Thursday that 2022
pretax profit rose on its portfolio's unrealized fair value gains,
and backed its 2023 dividend guidance.
---
Aquis Exchange 2022 Pretax Profit Rose on Higher Trading Levels,
Tech Growth
Aquis Exchange Ltd. on Thursday posted a rise in its 2022 pretax
profit as its revenue was boosted by increased trading levels and
it saw higher proceeds from data, technology licensing and issuer
fees.
---
Keywords Studios Buys Digital Media Management for Initial $67.5
Mln to Add US Expertise, Scale
Keywords Studios PLC said Thursday that it has bought
social-media agency Digital Media Management, Inc. for an initial
$67.5 million to add U.S. expertise and scale.
---
Kelso Group Calls on THG to Consider Stock Listing Move, Share
Buybacks
Kelso Group Holdings PLC on Thursday called on THG PLC to
consider a move of its listing to the Premium List of the London
Stock Exchange and a share-buyback program, as it raised its
interest in the U.K. e-commerce company to around 0.5% of its
issued share capital.
---
Trackwise Designs Shares Fall on Widened 2022 Pretax Loss,
Contract Delays, Impairment
Shares of Trackwise Designs PLC fell Thursday after the company
said it expects to report widened losses in 2022 on the back of
lower revenue and higher expenses, and that it will be hit by
production delays and an impairment.
---
BowLeven Shares Fall on Going-Concern Warning
Shares in BowLeven PLC fell Thursday after the company said
there is material uncertainty about its ability to continue as a
going concern, and that it expects to raise additional capital in
2023 to help finance its continuing corporate activities.
---
Anglo Asian Mining Sees Production Doubling in Next Five Years,
Plans to Open Four Mines
Anglo Asian Mining PLC on Thursday said it aims to double its
production in the next five years with the opening of four new
mines in Azerbaijan and to transition to a multi-asset, mid-tier
copper and gold producer by 2028.
---
Ascential 2022 Pretax Loss Widened on Higher Costs; Early 2023
in Line With Views
Ascential PLC said Thursday that its 2022 pretax loss widened
after booking higher costs, and that 2023 has started well and in
line with the board's plans.
---
Chesnara Swung to Pretax Loss in 2022 on Tough Market
Conditions
Chesnara PLC said Thursday that is swung to a pretax loss in
2022 on rising interest rates, falling equity markets and
inflationary pressures, despite its insurance premium revenue
rising on year.
---
K3 Business Technology FY 2022 Loss Narrowed; Appoints New
CFO
K3 Business Technology Group PLC said Thursday that its pretax
loss narrowed for fiscal 2022 and that it has appointed a new chief
financial officer.
---
Orcadian Energy Shares Drop on Talks With New Investors
Shares in Orcadian Energy PLC fell 22% on Thursday after the
company said it is in active talks with potential new investors as
it needs working capital to secure a deal on its Pilot project, and
posted a narrowed pretax loss for the first half of fiscal
2023.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
March 30, 2023 04:12 ET (08:12 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Apr 2024 to May 2024
FTSE 100
Index Chart
From May 2023 to May 2024