The FTSE 100 closed down 0.1% on Tuesday as weakness for AstraZeneca and Unilever drag the index lower, IG's chief market analyst Chris Beauchamp says in a note. Ocado shares were the biggest fallers, ending down 9.3% after the online grocer and retail-technology specialist's fourth-quarter numbers were poorly received, but the reason for the day's drop was AstraZeneca and Unilever, Beauchamp says. "This looks like a temporary interruption to the index's victorious progress however--the trading statement season has gone well so far for U.K. firms, providing a foundation for further gains in the near-term," Beauchamp adds. SSE finished the day as the biggest gainer, up 2.1%.
Companies News:
Anglo American Appoints Alison Atkinson Group Director Projects & Development
Anglo American PLC said Tuesday that Alison Atkinson has been appointed group director Projects & Development, a new role within the company, and that this will be effective during the second quarter of 2023.
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Diageo Agrees to Buy Don Papa Rum for Up to $473 Mln
Diageo PLC said Tuesday that it has agreed to acquire Don Papa Rum, a dark rum from the Philippines, for a potential total consideration of up to 437.5 million euros ($473.4 million).
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Experian Backs FY 2023 Guidance After 3Q Organic Revenue Grew
Experian PLC said Tuesday that organic revenue grew 6% at constant exchange rates in the third quarter and backed its full-year guidance.
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Ocado 4Q Retail Revenue Rose; Backs FY 2022 Views
Ocado Group PLC backed its fiscal 2022 guidance on Tuesday supported by a robust fourth-quarter performance and said it has started the new fiscal year with a record Christmas performance.
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M&G Names Joseph Pinto CEO of Asset Management Arm as Jonathan Daniels Retires
M&G PLC said Tuesday that Joseph Pinto has been appointed chief executive officer of M&G Asset Management, replacing Jonathan Daniels, who is retiring.
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Wise Raises FY 2023 Guidance After Interest-Boosted 3Q Revenue
Wise PLC on Tuesday raised its full-year guidance again as it posted a 50% rise in its third-quarter revenue, boosted by higher interest income.
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Crest Nicholson 2022 Pretax Profit Fell on Exceptional Items, Sales Slowed at Year End
Crest Nicholson Holdings PLC said Tuesday that 2022 reported pretax profit fell despite higher revenue, due to exceptional items, and that its sales rate slowed in the final weeks of the year.
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Ninety One's Assets Under Management Rose Slightly on Quarter in 3Q
Ninety One PLC on Tuesday said that its assets under management for the third quarter of fiscal 2023 saw a slight on-quarter rise but fell compared to the same quarter of the previous year.
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Quiz December Revenue Rose on Strong Demand
Quiz PLC said Tuesday that revenue increased in December, driven by a strong consumer demand.
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THG PLC Reports Record 2022 Revenue; Reviewing Loss-Making OnDemand Unit
THG PLC on Tuesday reported a record group revenue for 2022, with growth in its three core business, and said that it has started a review of the loss-making categories and territories within the THG OnDemand unit.
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Hays 2Q Net Fees Rose as Fee Margins Increased
Hays PLC said Tuesday that its net fees grew 11% on year in the second quarter of fiscal 2023.
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Ocado 4Q Retail Revenue Rose; Backs FY 2022 Views -- Update
Ocado Group PLC backed its fiscal 2022 guidance on Tuesday supported by a robust fourth-quarter performance and said it has started the new fiscal year with a record Christmas performance.
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Naked Wines Raises FY 2023 Adjusted EBIT Guidance But Puts FY 2024 Under Review
Naked Wines PLC on Tuesday raised its fiscal 2023 adjusted EBIT guidance after a strong third-quarter performance, but has put its fiscal 2024 forecasts under review given lower customer recruitment levels.
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DP Poland Saw Strong Sales Growth in 2022; Sees Profit Close to Market Views
DP Poland PLC said Tuesday that it saw strong sales growth in all quarters of 2022 despite strong inflation and a tight labor market, and it expects profitability for the year to be close to market expectations.
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National World Shares Rise as Company Expects 2022 Dividend
National World PLC shares rose Tuesday after the company said it expects to propose a maiden dividend for 2022, and that sees full-year adjusted Ebitda and revenue to be at least close to flat on year.
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Safestore 2022 Pretax Profit Rose on Significant Investment Gains
Safestore Holdings PLC said Tuesday that pretax profit rose in fiscal 2022 after it booked a significant gain on its investment properties and that it has raised its final dividend.
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Clifford Chance's top earner paid GBP4.9m in 2022 -- Financial News
Earnings for the Magic Circle law firm's best paid partner soared by more than 50% in 2022
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Unbound Shares Fall After Lowering FY 2023 Views
Unbound Group PLC shares fell on Tuesday after the group said that it expects to deliver performance for fiscal 2023 below market expectations following a challenging second half, and that it will review its structure.
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Revolution Bars Shares Drop After FY 2023 Guidance Cut
Shares in Revolution Bars Group PLC dropped 18% on Tuesday after the group lowered its full-year guidance as it posted a fall in half-year sales.
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Corero Shares Fall After Seeing Lower 2022 Adjusted Earnings, Revenue
Corero Network Security PLC shares fell Tuesday after the company said it expects to report a decline in 2022 adjusted earnings and revenue, reflecting customer decision delays and extended buying cycles.
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Great Western Mining to Raise GBP800,000 for Nevada Projects
Great Western Mining Corp. said Tuesday that it will raise 800,000 pounds ($975,680) via an oversubscribed discounted placing, and that it will use the proceeds toward constructing a mill for gold and silver concentrates production as well as the next phase of exploration and appraisal of gold and silver prospects.
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Oxford Nanopore Technologies Expects Higher 2022 Revenue
Oxford Nanopore Technologies PLC said Tuesday that it expects to report a rise in revenue for 2022 and that it entered 2023 with good momentum.
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Ethernity Networks Shares Fall on Placing, Revenue Delays
Shares of Ethernity Networks Ltd. fell as much as 29% on Tuesday after the company said that it is raising 1.6 million pounds ($2 million) via a heavily discounted share placing and that while it expects to report a rise in 2022 revenue this will be less than expected due to project delays.
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RPS Group 4Q Fee Revenue, Yearly Margins Rose
RPS Group PLC said Tuesday that fee revenue rose in the fourth quarter of 2022 and that adjusted operating profit margins increased during the year.
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Medica Sees 2022 Performance in Line With Views As Demand Remains Robust
Medica Group PLC said Tuesday that 2022 performance is expected to be in line with market views, supported by a strong second-half in the U.K., and that it is well-placed for growth in 2023 as demand for its services remains robust.
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Kape 2022 Earnings to Beat Guidance as Customer Base Grows
Kape Technologies PLC said Tuesday that its 2022 earnings beat guidance amid growing customers and a strong demand for privacy and security products.
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Pebble Group to Report 2022 Revenue Rise; Results in Line With Views
Pebble Group PLC said Tuesday it will report a rise in 2022 revenue, and that its results for the year will be at least in line with current market expectations as both its Facilisgroup and Brand Addition businesses performed well.
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Alliance Pharma Backs 2022 Guidance for Profit Slip; Signals Slight Revenue Rise
Alliance Pharma PLC said Tuesday that it expects underlying pretax profit for 2022 to fall in-line with guidance on slower demand recovery and destocking, despite a slight rise in statutory revenue.
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NIOX 2022 Revenue, Adjusted Earnings Rose on Improving Sales
NIOX Group PLC said Tuesday that its 2022 revenue rose 12%, and adjusted earnings before interest, taxes, depreciation, and amortization rose ahead of market expectations as sales continued to improve.
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Equals Group 2022 Revenue Rose; Sees Adjusted Ebitda Ahead of Views
Equals Group PLC said Tuesday it expects to report a rise in revenue for 2022, and for adjusted Ebitda to be ahead of market expectations.
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Boku Sees Rise in 2022 Results Amid Focus on Payments Division
Boku Inc. said Tuesday that it expects 2022 results to be slightly ahead of last year's after a stronger second-half amid an accelerated focus on its payments division.
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United Oil & Gas Shares Rise on Maria Discovery Sale
United Oil & Gas PLC shares rose on Tuesday after the group said it has entered into a binding agreement with Quattro Energy Ltd. to sell its license containing the Maria discovery in the North Sea for up to 5.7 million pounds ($7 million) upon certain conditions.
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BH Macro Mulls Equity Raise Citing Strong Demand for Shares
BH Macro Ltd. said Tuesday that it is considering an equity raise given the strong demand for its shares.
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Inchcape to Acquire 60% Stake in Philippines Luxury Vehicles Distributor
Inchcape PLC said Tuesday that it has agreed to enter into a joint venture with CATS Group, a distributor of luxury vehicles in the Philippines, and will acquire a 60% stake in CATS for an undisclosed sum.
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Zotefoams Names Lynn Drummond as Chair Designate
Zotefoams PLC said Tuesday that it has appointed Lynn Drummond as an independent nonexecutive director and chair designate, succeeding Steve Good after the annual general meeting on May 24.
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Pressure Technologies Appoints Steve Hammell as Chief Financial Officer
Pressure Technologies PLC said Tuesday that it has appointed Steve Hammell as chief financial officer, replacing James Locking who is stepping down from the role at the end of next month as previously announced.
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Molten Ventures Chairwoman to Retire for Health Reasons
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01-17-23 1256ET
