Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

FTSE 100 Edges Higher as Banks Gain

08/25/2021 | 04:49am EDT

FTSE 100 Edges Higher as Banks Gain, Utilities Fall

0805 GMT - The FTSE 100 edges 0.1%, or 10 points higher to 7136 as gains for financial stocks offset losses for utilities and miners. Scottish Mortgage Investment Trust, Standard Chartered, Lloyds Banking Group and HSBC all rise, while retailers Marks & Spencer, Ocado and JD Sports Fashion also make gains. At the other end of the spectrum, Mexican silver miner Fresnillo drops 1% as gold and silver prices fall, while Rio Tinto, Glencore, Anglo American and Antofagasta also retreat. United Utilities, Severn Trent and National Grid are also in the red and oil stocks recede as the price of a barrel of crude backtracks 0.1% to $70.96. (philip.waller@wsj.com)

 
Companies News: 

Just Eat to Create More Than 1,500 New Jobs in UK

Just Eat Takeaway.com NV said Wednesday that it plans to create more than 1,500 new customer-service jobs in the U.K. over the next year.

---

Augean Agrees to New GBP341.2 Mln Takeover From Ancala, Fiera

Augean PLC said Wednesday that it has agreed a 341.2 million pound ($468.4 million) takeover from Eleia Ltd., a new company created by investment funds managed by Ancala Partners LLP and Fiera Infrastructure Inc.

---

Costain Posts 1H Profit, Sees Performance in Line With Views

Costain Group PLC said Wednesday that it swung to a profit in the first half of the year and is on track to deliver full-year performance in line with expectations.

---

Avation Sells Airbus A220-300 Aircraft

Avation PLC said Wednesday that it has sold an Airbus A220-300 aircraft for an undisclosed sum as part of the company's plan to manage its portfolio and increase liquidity.

---

Grafton Group 1H Profit Rose Sharply, Sees Supply-Chain Disruptions

Grafton Group PLC said Wednesday that pretax profit for the first half of 2021 rose sharply, but warned that supply chains are expected to be disrupted to some extent over the coming months.

---

Anglo Pacific CEO Julian Treger to Leave in March 2022

Anglo Pacific Group PLC said Wednesday that Chief Executive Julian Treger intends to step down.

---

Panthera Resources Signs $18 Mln Farm-Out Deal for Burkina Faso Gold Project

Panthera Resources PLC said Wednesday that it has secured an $18 million farm-out deal on its Labola gold project in Burkina Faso with Diamond Fields Resources Inc.

---

Rank Group Says UK Tax Authority Has Decided Not to Appeal VAT Ruling

Rank Group PLC said Wednesday that the U.K. tax authority has decided not to appeal a decision by the First-Tier Tax Tribunal in favor of the company on a refunding claim over VAT paid on slot-machine income.

---

Next Fifteen Sees FY 2022 Results Ahead of Expectations

Next Fifteen Communications Group PLC said Wednesday that its results for fiscal 2022 will be ahead of management expectations after a strong second-quarter revenue performance, and that it plans to accelerate investment.

---

Anglo Pacific Says It Will Profit on Coal Price Rally in 2H -- Commodity Comment

Anglo Pacific Group PLC on Wednesday reported a profit for the first half of the year, reflecting lower re-valuation charges, but said it will see a higher boost from stronger coal prices in the second half.

---

Citius Resources Shares Rise in Stock Market Debut

Shares in Citius Resources PLC rose 19% in early trade Wednesday as it started trading on the London Stock Exchange, implying a market capitalization of 2.1 million pounds ($2.9 million).

---

Challenger Energy Shares Fall After Reporting Technical Issues at Trinidad Well

Shares in Challenger Energy Group PLC dropped Wednesday morning after it reported issues at its Saffron-2 oil well onshore Trinidad.

---

Jaywing Swung to FY 2021 Pretax Profit; No Longer a Going Concern Risk

Shares of Jaywing PLC jumped as much as 17% in early trade Wednesday after the company reported a much-narrowed pretax loss for fiscal 2021 after booking lower costs and said it was no longer at risk of being unable to continue as a going concern.

---

Sopheon 1H Pretax Profit, Revenue Rose

Sopheon PLC said Wednesday that both pretax profit and revenue for the first half of 2021 rose and its strategy to migrate to a recurring-revenue model led to an improvement in core performance metrics.

---

Thor Mining Shares Rise After Intercepting Better-Than-Expected Copper-Gold Grades in Australia

Shares in Thor Mining PLC rose Wednesday after it reported higher-grade copper and gold intercepts at its Alford East project in southern Australia.

 
Market Talk: 

Grafton Shares Gain After 1H Tops Hopes

0822 GMT - Grafton Group's first-half results were better than expected, says Citigroup after the building-material supplier reported higher pretax profit, but flagged supply-chain disruption. Citi says operating profit including property profit was GBP158 million compared to the investment bank's estimate of about GBP132m, while pretax profit came in at about GBP149m versus its forecast of some GBP120m. "Outlook comments remain positive, especially across the merchanting operations, supported by strong consumer confidence pointing to a continuation of positive trends in repair, maintenance and improvement and new residential into H2 while retailing is expected to moderate," Citi analysts say. Shares rise 1.8%. (philip.waller@wsj.com)

Contact: London NewsPlus, Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

08-25-21 0448ET

Latest news "Economy & Forex"
Latest news "Economy & Forex"