FTSE 100 Rises as Oil, Financial Stocks Gain

FTSE 100 Rises as Oil, Financial Stocks Gain

0800 GMT - The FTSE 100 Index rises 0.5%, or 38 points to 7049 as gains for oil and financial stocks offset losses for consumer-goods shares. BP and Royal Dutch Shell are both up more than 1% as the price of a barrel of Brent crude increases 0.6% to $81.72 after OPEC left its output plans unchanged. Lloyds Banking Group, Standard Chartered, Aviva and NatWest are among the biggest risers in the financial sector. Reckitt Benckiser and Unilever are among a handful of fallers. Asia markets closed mixed and the Dow fell Monday. "Another bearish session for Asian markets overnight, with markets feeding off the negativity in the U.S. yesterday," IG analysts say. ([e-mail])

 
Companies News: 

Tesco Likely to Announce Agreement With Shareholders Over 2014 Accounting Scandal -Sky News

Tesco is close to announcing an agreement with shareholders over claims referring back to an accounting scandal in 2014, Sky News reports.

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Melrose Industries 3Q Revenue Rose 16%

Melrose Industries PLC said Tuesday that revenue for the three months to Sept. 30 was 16% higher than the same period a year earlier, and that its automotive and its powder metallurgy businesses are on track to achieve their margin targets once supply constraints are resolved.

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ScS Posts FY 2021 Profit, Sees FY 2022 Performance in Line With Expectations

ScS Group PLC on Tuesday reported a profit for the fiscal year, and said performance in the current period remains in line with internal expectations.

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Hotel Chocolat Swung to FY 2021 Pretax Profit

Hotel Chocolat Group PLC said Tuesday that it swung to a pretax profit for fiscal 2021 as revenue rose, and that it isn't declaring a dividend due to the investment opportunities for further growth.

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Greggs 3Q Comparable Sales Up 3.5% Vs 3Q 2019; Expects to Beat Previous Forecasts

Greggs PLC said Tuesday that like-for-like sales for the third quarter of the year are up 3.5% compared with the same period in 2019, despite disruption to staffing and supply chains, and that it expects to beat previous expectations for the year.

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Gooch & Housego Says FY 2021 Profit Beat Management's Views

Gooch & Housego PLC said Tuesday that profit for fiscal 2021 was slightly ahead of management's expectations, and that it has entered fiscal 2022 with a robust order book.

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Great Portland Estates Signed GBP14.3M of New Annual Rent in 3Q

Great Portland Estates PLC said Tuesday that it signed 14.3 million pounds ($19.5 million) of new annual rent in the third quarter.

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Lamprell Secures $45 Mln Initial Loan Conditional on Equity Raise

Lamprell PLC said Tuesday that it has agreed to terms of a $45 million loan facility, which is conditional on a 19.99% equity raise.

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Marechale Capital Shares Rise on Share Subscription With Luke Johnson

Shares of Marechale Capital PLC rose as much as 38% in early trade Tuesday after the company said that it has raised 160,000 pounds ($217,728) via a share subscription which will provide it with working capital towards investment opportunities.

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Wincanton's 1H 2022 Revenue Growth Remained Strong

Wincanton PLC said Tuesday that it has continued to deliver strong revenue growth throughout the first half of fiscal 2022, and that it is on track to deliver full-year profits in line with market expectations.

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Lamprell Secures $45 Mln Initial Loan Conditional on Equity Raise

Lamprell PLC said Tuesday that it has agreed to terms of a $45 million loan facility, which is conditional on a 19.99% equity raise.

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Coral Products FY 2021 Pretax Loss Narrowed on Higher Revenue

Coral Products PLC reported on Tuesday a narrowed pretax loss for fiscal 2021 as revenue increased.

 
Market Talk: 

UK Jan 2025 Gilt Auction Could Go Either Way

0720 GMT - The U.K. Debt Management Office's planned sale of GBP3 billion in the 0.25% January 2025 gilt "could go either way," says RBC Capital Markets. The gilt has fallen in value a lot on many metrics since the last tap, it has fallen out of favor on the Bank of England's Asset Purchase Facility bond-buying program and there are many taps on the horizon, analysts at the bank say."Whilst we think front-end yields are too high, the continued cheapening of the 3y sector on both outright and cross-market probably suggests that the market could take a bit longer to come around to our view," they say. ([e-mail])

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; [e-mail]

(END) Dow Jones Newswires

10-05-21 0417ET