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FTSE 100 Pushes Higher, Helped by Gains for Oil, Mining, Travel Stocks

01/26/2022 | 04:45am EDT

FTSE 100 Rises as Oil, Mining, Travel Stocks Gain -- Market Talk

0922 GMT - The FTSE 100 index rises 1.5%, or 112 points, to 7484 as oil, mining and travel-related stocks rally. BP and Shell gain around 3% as the price of a barrel of Brent crude increases 0.6% to $87.70, while miners Antofagasta, Glencore and Anglo American are all higher. Airline group IAG is the biggest riser, up 6%, followed by cruise operator Carnival, tour operator TUI and hoteliers InterContinental Hotels Group and Whitbread. "The FTSE 100 bounced back sharply on Wednesday, bucking the negative trend set in the U.S. last night and some mixed trading in Asia," AJ Bell investment director Russ Mould says. (philip.waller@wsj.com)

 
Companies News: 

Sage Group Says 1Q Was in Line; Backs FY 2022 Guidance

Sage Group PLC said Wednesday that growth was in line with expectations in the first quarter of its fiscal 2022 and it backed its guidance for the full year.

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U.K. Watchdog Issues Enforcement Order on National Express, Stagecoach Deal

The U.K. Competition and Markets Authority on Wednesday issued an initial enforcement order on National Express Group PLC's planned takeover of Stagecoach Group PLC, preventing the companies from fully combining while it considers the deal.

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Fresnillo Operations in Mexico Hit by Omicron Variant, New Labor Rules

Fresnillo PLC on Wednesday said that the pandemic and the new labor reform in Mexico is hampering its mining operations, and forecast lower gold production for this year.

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Brewin Dolphin 1Q Total Funds Under Management Rose

Brewin Dolphin Holdings PLC said Wednesday that its total funds under management rose in the first quarter of fiscal 2022, benefiting from growth across both its direct and indirect business.

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Playtech Notes Media Speculation on Future; Reiterates Support for Aristocrat Bid

Playtech PLC said Wednesday that it has noted recent media speculation on its future strategy and that it reiterates its recommendation that shareholders vote in favor of the offer from Aristocrat Leisure Ltd.

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Wizz Air 3Q Pretax Loss Widened; Warns on 4Q Results

Wizz Air Holdings PLC on Wednesday reported a widened pretax loss for the third quarter of fiscal 2022 after booking significantly higher prices and seeing the average revenue per passenger decrease, and warned of a hit from the impact of the Omicron Covid-19 variant in the last quarter of the year.

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Tullow Oil Sees 2021 Free Cash Flow Ahead of Guidance

Tullow Oil PLC said Wednesday that it expects to report better-than-expected free cash flow for 2021, reflecting supportive oil prices, focus on costs and favorable working capital movements.

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Bloomsbury Publishing Says FY 2022 Revenue, Profit to Beat Expectations

Bloomsbury Publishing PLC said Wednesday that it expects to report revenue and profit ahead of market expectations for fiscal 2022.

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Digital 9 Infrastructure Raises GBP95.2 Mln via Share Placing

Digital 9 Infrastructure PLC said Wednesday that it has raised 95.2 million pounds ($128.6 million) via the share placing announced earlier this month.

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Pets at Home Expects FY2022 Underlying Pretax Pft to Beat Market Views After Strong 3Q

Pets at Home Group PLC said Wednesday that revenue increased in the third quarter of fiscal 2022, and that it expects to post a full-year underlying pretax profit above market expectations.

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Quilter 4Q Assets Under Management Rose 13%

Quilter PLC said Wednesday that assets under management rose 13% in the fourth quarter of 2021.

 
Market Talk: 

Shares in Largest U.K., EU Airlines Open Higher on Lifting of Covid-19 Restrictions

0901 GMT - Major European Union and U.K. airlines on Wednesday opened with significant gains after the EU lifted Covid-19 travel restrictions in the bloc following the U.K.'s new guidance for vaccinated passengers. Airlines have argued that travel restrictions haven't significantly slowed rising case numbers of the Omicron variant in the region. Shares in easyJet, TUI, Jet2 and International Consolidated Airlines Group are up 3.6%, 4.8%, 2.9% and 5.6%, respectively. Shares in Air France-KLM and Deutsche Lufthansa are up 3.7% and 5.5%, respectively. (sabela.ojea@wsj.com; @sabelaojeaguix)


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

(END) Dow Jones Newswires

01-26-22 0444ET

Stocks mentioned in the article
ChangeLast1st jan.
AIR FRANCE-KLM 0.25% 1.7735 Real-time Quote.-9.16%
AJ BELL PLC -1.60% 271 Delayed Quote.-28.57%
ANGLO AMERICAN PLC 1.48% 3812.5 Delayed Quote.26.09%
ANTOFAGASTA PLC 1.14% 1470 Delayed Quote.9.82%
ARISTOCRAT LEISURE LIMITED 2.70% 34.63 Delayed Quote.-20.52%
BLOOMSBURY PUBLISHING PLC 1.38% 405 Delayed Quote.12.50%
BREWIN DOLPHIN HOLDINGS PLC 0.00% 510 Delayed Quote.37.84%
CARNIVAL CORPORATION 5.75% 13.97 Delayed Quote.-34.34%
DEUTSCHE LUFTHANSA AG 0.45% 6.881 Delayed Quote.11.34%
DIGITAL 9 INFRASTRUCTURE PLC 0.53% 114.8 Delayed Quote.0.88%
EASYJET PLC 1.11% 530.4 Delayed Quote.-4.32%
FRESNILLO PLC -1.47% 802 Delayed Quote.-10.17%
FTSE 100 0.27% 7585.46 Delayed Quote.2.72%
GLENCORE PLC 1.35% 526.2 Delayed Quote.40.34%
INTERCONTINENTAL HOTELS GROUP PLC 1.03% 4921 Delayed Quote.3.24%
INTERNATIONAL CONSOLIDATED AIRLINES GROUP, S.A. 1.30% 130.48 Delayed Quote.-8.42%
LONDON BRENT OIL 1.52% 119.2 Delayed Quote.50.58%
NATIONAL EXPRESS GROUP PLC -0.81% 270.4 Delayed Quote.5.13%
PETS AT HOME GROUP PLC 4.79% 337 Delayed Quote.-27.53%
PLAYTECH PLC -0.09% 562 Delayed Quote.-23.28%
QUILTER PLC -1.00% 119.2 Delayed Quote.-30.97%
S&P GSCI BRENT CRUDE INDEX 1.22% 983.4905 Real-time Quote.48.57%
SAGE GROUP PLC 1.82% 673 Delayed Quote.-21.07%
STAGECOACH GROUP PLC 0.29% 105 Delayed Quote.16.99%
TUI AG 0.05% 2.203 Delayed Quote.-18.44%
TULLOW OIL PLC -2.01% 56 Delayed Quote.19.38%
WIZZ AIR HOLDINGS PLC -1.35% 2993 Delayed Quote.-28.53%
WTI 0.94% 115.083 Delayed Quote.51.34%
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