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Business Leaders

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HomeAll NewsMost read newsBusiness Leaders Biography
Age : 68
Public asset : 28,675,499 USD
Linked companies : JD Sports Fashion plc - QUIZ plc
Biography : Peter Alan Cowgill is a British businessperson who founded Cowgill Holloway LLP and who has been the

FTSE Flat as Energy Shares Rise, Banks Fall

11/08/2021 | 04:49am EST

FTSE 100 Flat as Energy Shares Rise, Banks Fall

The FTSE 100 trades flat at 7304 points with energy shares among the top risers and bank stocks under pressure. Energy giants Royal Dutch Shell and BP gain 2.0% and 1.3%, respectively as oil prices rise. Polymetal advances 2.4% after approving the construction of the Veduga gold project in Russia. Bank stocks fall after the Bank of England left interest rates unchanged last Thursday, defying expectations for a rate rise. JD Sports Fashion drops 1.8% after the sportswear retailer said it denies any corporate governance breaches and that it "fully apprised" U.K. regulators, in response to reports its executive chairman Peter Cowgill met with Footasylum executive chairman Barry Bown.

 
Companies News: 

Invinity Ships More Than 4.2 MWh of Products in Recent Weeks Despite Supply Presure

Invinity Energy Systems PLC said Monday that it has shipped more than 4.2 megawatt hours of batteries in recent weeks, though supply-chain issues and inflationary pressures are likely to persist into 2022.

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Nanoco Group Appoints Liam Gray CFO

Nanoco Group PLC said Monday that it has appointed Liam Gray as chief financial officer, effective immediately.

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Yu Group Shares Rise on Becoming Supplier of Last Resort for Ampower

Yu Group PLC shares rose Monday after it said it has been appointed by a U.K. regulator as supplier of last resort for Ampoweruk Ltd., and that it has taken on their electricity and gas customer book.

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TMT Acquisition Posts 1H Pretax Loss on Listing Costs

TMT Acquisition PLC on Monday reported a pretax loss for the first half of fiscal 2022 because of costs related to its listing on the London Stock Exchange.

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CyanConnode 1H Pretax Loss Narrowed on Higher Revenue

CyanConnode Holdings PLC said Monday that its pretax loss for the first half of fiscal 2022 narrowed as the company benefited from the continued deployment of projects.

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Woodbois Appoints Federico Tonetti as CEO, Paul Dolan Becomes Executive Chair

Woodbois Ltd. said on Monday that it has appointed Federico Tonetti as chief executive officer with immediate effect replacing Paul Dolan who becomes executive chairman of the company.

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Argentex 1H Pretax Profit Increased on Higher Revenue

Argentex Group PLC on Monday reported a higher pretax profit for the first half of fiscal 2022, as revenue increased on the recovery of client trading volumes to pre-pandemic levels.

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Zenith Energy Reaches Record Profitability From Italian Operations

Zenith Energy Ltd. said Monday that its electricity-generation activities in Italy have achieved record profitability due to the continuing favorable energy pricing climate.

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Recycling Technologies Targets GBP40 Mln Fundraising in London IPO

Recycling Technologies Group Ltd. said Monday that it intends to raise up to 40 million pounds ($54.0 million) in an initial public offering on London's AIM market in December.

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Card Factory 3Q Sales Continued to Recover From Pandemic Hit

Card Factory PLC said Monday that sales continued to recover in the third quarter of its fiscal year, and that global supply-chain strains are affecting a relatively small proportion of its products.

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Cake Box Holdings 1H Pretax Profit Rose on Strong Sales

Cake Box Holdings PLC said Monday that its pretax profit for the first half of fiscal 2022 more than doubled and that it hasn't experienced any disruption in its supply chain.

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Pembridge's Minto Explorations Enters New Reverse Takeover Agreement

Pembridge Resources PLC said Monday that its investee Minto Explorations Ltd. has entered into a new reverse-takeover agreement.

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Vh Global Sustainable Energy Opportunities to Raise Funds with Discounted Share Issue

Vh Global Sustainable Energy Opportunities PLC said on Monday that it intends to raise new capital via a discounted share placing, and that it will use the proceeds to fund its assets pipeline.

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Kingspan 3Q Sales Rose, Sees Significant 2021 Profit Increase

Kingspan Group PLC said Monday that sales rose significantly in the third quarter of the year, and that it expects to deliver full-year profit materially ahead of 2020.

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Kibo Energy Says Katoro Gold Raised GBP815,000 for Haneti Nickel Project

Kibo Energy PLC said Monday that Katoro Gold PLC has raised 815,000 pounds ($1.1 million) via a share placing, and that it will use the proceeds to fund the development of the Haneti nickel project in Tanzania.

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JD Sports Pushes Back Against News Report About Cowgill's Meeting With Footasylum Chairman

JD Sports Fashion PLC said Monday that it denies any corporate-governance breaches and had "fully apprised" U.K. regulators, in response to a news report detailing a meeting between Executive Chairman Peter Cowgill and the chairman of its Footasylum business.

 
Market Talk: 

Sterling Falls as UK-EU Tensions Escalate

0822 GMT - Sterling falls on concerns about rising tensions between the U.K. and EU over the protocol agreed as part of the Brexit deal to prevent a hard border between Northern Ireland and Ireland. "This issue has been bubbling since the summer but has failed to hit GBP too severely," ING analysts say. "And we suspect that GBP can hold up ok, assuming that the prospect of a Bank of England rate hike in December remains live." EUR/GBP is unlikely to rise above 0.8600 and should end the year around 0.8500, the analysts say. EUR/GBP rises 0.1% to 0.8577 and GBP/USD drops 0.1% to 1.3482.

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BHP May Use Coal Stake Sale Profits for Special Dividend

0134 GMT - With BHP generating strong cash flow and its balance sheet "arguably too conservative," it is likely to give shareholders the profits from its BMC stake sale via a special dividend, RBC Capital Markets says. The up to $1.35 billion deal with Stanmore includes a $1.1 billion cash payment on completion. The deal reflects BHP's "orderly (and lengthy) exit from coal," which RBC reckons will include a previously flagged sale of the Australian thermal-coal operations, despite BHP saying all options for that asset--including retaining it--remain on the table. The miner will keep and likely manage down its circa $14 billion BMA metallurgical coal business and advocate for high-quality steelmaking coal, versus low-quality metallurgical coal or thermal coal, RBC says.

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com

(END) Dow Jones Newswires

11-08-21 0448ET