FTSE 100 Falls 0.8% as Travel, Retail Stocks Weaken

12/02/2021 | 04:38am

FTSE 100 Falls as Travel, Retail Stocks Drop; Oil Gains

0921 GMT - The FTSE 100 Index drops 0.8% to 7113 as losses for travel-related stocks, retailers and miners offset gains for oil majors. Markets in mainland China and Japan fell, though stocks in Hong Kong were higher. "A mixed session overnight has come despite another dramatic decline in U.S. indices, with markets reacting to the first Omicron case in the U.S.," IG analysts say. Carnival, Intercontinental Hotels Group, JD Sports Fashion and Marks & Spencer are among the biggest fallers. BP and Royal Dutch Shell are among a few risers as the price of Brent crude gains 1.3% to $69.78 a barrel. (philip.waller@wsj.com)

Companies News: 

Halfords to Raise Up to GBP64 Mln for Axle Group Acquisition

Halfords Group PLC said Wednesday that it intends to launch a share placing to raise up to around 64 million pounds ($85.1 million) to fund the acquisition of Axle Group Holdings Ltd, as well as maintain balance sheet flexibility.


Aston Martin CFO Kenneth Gregor to Step Down for Personal Reasons

Aston Martin Lagonda Global Holdings PLC said Thursday that Chief Financial Officer Kenneth Gregor will step down from the role and as a director by the end of June for personal reasons.


Serco Group Expects 2022 Revenue to Be Lower Than 2021; Backs 2021 Guidance

Serco Group PLC said Thursday that it expects revenue for 2022 to be around 6% lower than the 4.4 billion pounds ($5.84 billion) expected for 2021, and backed its guidance for 2021.


Seeen PLC 3Q Revenue Rose 8%

Seeen PLC said Thursday that its revenue grew 8% in the third quarter of 2021, and that adjusted pretax profit remains in line with expectations.


Ryanair November Traffic Fell on Month to 10.2 Mln

Ryanair Holdings PLC on Thursday reported lower guests for November compared with the previous month, although the load factor was higher.


Wizz Air November Passenger Numbers Rose on Year

Wizz Air Holdings PLC said Thursday that it carried more passengers in November than in the same month a year earlier.


Eckoh 1H Pretax Profit, Revenue Fell

Eckoh PLC said Thursday that pretax profit fell in the first half of fiscal 2022 as revenue declined, and it expects full-year profit to match fiscal 2021, assuming there are no further lockdowns in its markets.


Tharisa FY 2021 Profit Doubled on Higher Prices, Production

Tharisa PLC on Thursday reported that its profit more than doubled in the year ended Sept. 30, reflecting higher prices and production.

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

(END) Dow Jones Newswires

12-02-21 0438ET

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