London's blue chip index closed up 1.82% on Tuesday as markets were lifted by lower yields and talk of Chinese stimulus. The FTSE 100 finished the trading session at 7,628.21 points, its highest since Friday Sept. 29. "Today's rebound has been broad based with strong gains for miners led by Anglo American, Antofagasta and Rio Tinto, while Asia focused businesses of Prudential and Standard Chartered Bank are also higher," CMC Markets UK analyst Michael Hewson writes.
COMPANIES NEWS:
YouGov Pretax Profit Rises on Improved Revenue, Cost Control; Lifts Dividend
YouGov said pretax profit for fiscal 2023 rose, driven by growth across all geographies despite the challenging business environment, and increased its dividend payout.
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Carr's Group Sees Slightly Lower Profit as Challenging Market Conditions Continue
Carr's Group said it expects its fiscal-year profit to be slightly below the prior-year's amid market headwinds and despite a strong second half for its engineering division.
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Currys' Kotsovolos Receives Bid From Several Potential Buyers
Currys said that its business in Greece and Cyprus, Kotsovolos, has received several non-binding offers which the board is currently evaluating.
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STM Agrees on Terms of Jambo's GBP35.6 Mln Takeover Offer
STM Group said it has agreed on the terms of a recommended takeover offer by Jambo SRC in a deal that values STM at around 35.6 million pounds ($43.6 million).
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Reach Backs Full-Year Views Despite Fall in Revenue, Referrals
Reach said its third-quarter revenue dropped on lower referral volumes following Facebook's deprioritization of news content, but that it still backs it full-year profit guidance.
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Target Healthcare REIT Swings to Pretax Loss Despite Rental Income Growth
Target Healthcare REIT reported a swing to a pretax loss for fiscal 2023 despite a rise in rental income, while net asset value fell.
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Intercede Revenue Rises on Cost Control, Debt Management
Intercede Group has reported increased revenue growth for the first half of the year as a result of tight cost control.
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Cairn Homes Finance Chief Shane Doherty to Step Down in Second Half of 2024
Cairn Homes said Chief Financial Officer Shane Doherty intends to leave in the second half of 2024, after serving more than four years in his role.
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San Leon Energy Gets $187 Mln Investment, Raises Stake in Nigerian Crude Transport Company
San Leon Energy said it has received an investment of up to $187 million from U.S.-based Tri Ri Asset Management, which it has used to raise its stake in Energy Link Infrastructure.
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Shearwater Group Names Adam Hurst as Interim Finance Chief
Shearwater Group named Adam Hurst as interim chief financial officer on an initial six-month contract, and said he will join the board in due course, while outgoing CFO Paul McFadden will remain for a transition period.
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Greencore Shares Rise on Better-Than-Expected Profit Views
Shares of Greencore rose after the group said that operating profit for fiscal 2023 is expected to be ahead of market expectations.
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Treatt Shares Jump on Expected Profit, Revenue Rise
Shares in Treatt rose 13% after the company said it expects pretax profit and revenue to rise in fiscal 2023 despite challenging macro conditions.
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Castillo Copper MD Resigns; Jack Sedgwick Named Interim Director
Castillo Copper said Managing Director Dennis Jensen has resigned, effective immediately, and named Jack Sedgwick as interim executive director.
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DFS Pretax Profit Nearly Halves as Furniture Sector Slumps
DFS Furniture reported a sharp fall in pretax profit for fiscal 2023 as customers avoid spending on big-ticket items such as furniture, dragging the sector value below prepandemic levels, and cut its dividend payout.
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Image Scan Holdings Shares Rise on Swing to Pretax Profit After Sales Growth
Image Scan Holdings shares rose after it said it expects to report a swing to pretax profit, as a result of cost-saving, the transition of its industrial activities to lower cost-based locations and increased sales.
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Speedy Hire Sees Full-Year Results in Line; Buys Green Power Hire for GBP20.2 Mln
Speedy Hire said it sees its full-year performance in line with expectations after mixed revenue in the first half of fiscal 2024, and that it has bought battery-storage supplier Green Power Hire.
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Wincanton Sees FY 2024 Profit In Line With Market Views
Wincanton said its performance is currently in line with market expectations for fiscal 2024, though it anticipates a year-on-year decline in revenue.
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Foresight Group Assets Under Management Fall on Challenging Backdrop
Foresight Group Holdings said assets under management for the first half of fiscal 2024 fell slightly amid a challenging market backdrop, but added that it expects conditions to start improving.
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Robert Walters' Profit Falls on Regional Performance Declines
Robert Walters remains confident of reaching full-year market expectations, despite seeing a sharp gross-profit decline as performance dropped in some of its regions--particularly in the U.K. and Asia Pacific businesses.
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Alpha Financial Markets Consulting Backs Full-Year View as Market Conditions Improve
Alpha Financial Markets Consulting said its net fee income rose while its earnings margin fell in the first half of fiscal 2024, and that it expects to deliver in-line full-year results despite a soft summer performance.
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Kingspan Makes Mandatory Takeover Bid for Nordic Waterproofing
Kingspan Group said it has made a mandatory cash offer for the remaining shares of Nordic Waterproofing Holding AB at a price of 160 Swedish krona ($14.59) a share.
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Helios Underwriting Doubles Base Dividend, Extends Buyback Program
Helios Underwriting said it will double its annual dividend and extend a buyback program as its share price remains below net asset value.
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Castings Sees Performance in Line With Views; Aims to Capitalize on Strong Truck Demand
Castings said it aims to take advantage of the continued strong demand for heavy trucks--which comprises 75% of group revenue--and that it expects to perform in line with market views ahead of interim results.
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1Spatial Swings to Pretax Loss on Higher Costs Despite Revenue Growth
1Spatial said it swung to a pretax loss in the first half of fiscal 2024 due to increased technology spending and higher costs, despite revenue growth.
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Shell Will Buy Two Fluids Brands From M&I Materials to Boost Power, Renewables Portfolio
Shell said its lubricants business has agreed to acquire two units from specialist-materials maker M&I Materials to strengthen its product portfolio for the power and renewables sectors.
Contact: London NewsPlus, Dow Jones Newswires
(END) Dow Jones Newswires
10-10-23 1227ET
