FTSE 100 Rises After Gains on Wall Street

0803 GMT - The FTSE 100 rises 0.3% to 7322 points after gains on Wall Street overnight following solid corporate earnings. Mining stocks including Anglo American, Glencore and Rio Tinto rise as copper prices gain. Meanwhile, data on Wednesday showed U.K. inflation rose to an annual rate of 9.4% in June from 9.1% in May, slightly higher than the 9.3% expected by economists in a WSJ survey. "The scale of the overshoot is pretty modest and the core consumer prince index year-on-year rate came in as expected at 5.8%, down from 5.9% in May," MUFG Bank analyst Derek Halpenny writes. The data could have been "a lot worse," although inflation looks set to accelerate further, he says. (renae.dyer@wsj.com) 


 
Companies News:

PayPoint 1Q Sales Rose; FY 2023 Outlook Unchanged

PayPoint PLC said Wednesday that sales increased in the first quarter of fiscal 2023, noting that its expectations for the financial year and the medium term remain unchanged.

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Antofagasta Downgrades Guidance After Los Pelambres Pipeline Incident

Antofagasta PLC on Wednesday downgraded 2022 production and cost guidance after an issue at its Los Pelambres project caused copper output to fall 6.5% in the second quarter.

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Premier Foods 1Q Sales Rose; Year-To-Date Performance in Line With Views

Premier Foods PLC said Wednesday that sales rose 6.0% in the first quarter of fiscal 2023 to 197 million pounds ($236.3 million), and that its performance so far has been in line with the board's expectations.

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Costain Says 1H Performance Met Its Views; Expects Rev to Top Market Views

Costain Group PLC said Wednesday that its first-half performance met its expectations, with revenue anticipated to exceed market forecasts on inflation recovery mechanisms and increased volumes.

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Royal Mail 1Q Revenue Fell; Committed to Reaching Agreement With CWU

Royal Mail PLC said Wednesday that its fiscal first-quarter group revenue fell 11.5% on year and that it was committed to reaching an agreement with a union after a ballot on strike action on Tuesday.

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Centamin Backs 2022 Production Guidance, Sees Costs at Upper End of Range -- Commodity Comment

Centamin PLC on Wednesday reiterated 2022 production guidance after output improved in the second quarter, but warned that operational costs for the year will be at the upper end of expectations. This is what the owner of the Sukari gold mine in Egypt had to say:

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Petershill Partners' 2Q Aggregate Assets Under Management Unchanged

Petershill Partners PLC said Wednesday that aggregate assets under management in the second quarter were unchanged from the previous quarter.

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Centaur Media Swung to 1H Pretax Profit; 2H Performance in Line With Views

Centaur Media PLC said Wednesday that it swung to a pretax profit for the first half of 2022 as revenue rose, and that its performance in the second half is in line with the board's expectations.

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Bloomsbury Publishing Four-Month Revenue Rose 27% After Record 1H UK Book Sales

Bloomsbury Publishing PLC said Wednesday that revenue for the four months ended June 30 grew 27% after the first half of 2022 had record U.K. consumer book sales.

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Finsbury Food Says FY 2022 Sales Rose on Year; Cost Pressures Mitigated

Finsbury Food Group PLC said Wednesday that it delivered a strong performance in fiscal 2022 with higher total sales, and has largely mitigated costs pressures through a range of initiatives.

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Pendragon Sees 1H Profit Slipping Slightly on Higher Operating Costs

Pendragon PLC said Wednesday that it expects underlying pretax profit to slip slightly in the first half of the year on higher underlying operating costs, though gross profit per vehicle rose.

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Antofagasta Downgrades Guidance After Los Pelambres Pipeline Shutdown -- Update

Antofagasta PLC on Wednesday downgraded 2022 production and cost guidance after a pipeline problem at its Los Pelambres project caused copper output to fall 6.5% in the second quarter.

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Corcel to Raise GBP336,000 via Share Placing; Launches Cost Cuts

Corcel PLC said Wednesday that it is planning to raise 336,000 pounds ($403,066) via a discounted share placing and started some cost cuts to boost the company's finances.


Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

07-20-22 0420ET