FTSE 100 Rises as Miners, Travel Stocks Gain
0813 GMT - The FTSE 100 Index gains 0.8%, or 59 points to 7267, boosted by miners and travel-related stocks after upbeat trading in Asia. Anglo American, Antofagasta, Rio Tinto, BHP and Glencore are all among the biggest risers as precious and base metal prices advance, while TUI, International Consolidated Airlines Group and Carnival also progress after the latter on Friday posted sharply higher 2Q revenue versus 1Q. Brent crude climbs 0.4% to $109.48 a barrel. "Asian stocks made headway overnight, marking a strong start to the final week of June," IG analysts write. "Positive news from Shanghai, where authorities declared victory over the recent Covid outbreak, bolstered sentiment." (firstname.lastname@example.org)
UK CMA Accepts CVS Group Undertakings for The Vet Acquisition
The U.K. Competition and Markets Authority said Monday that it has accepted undertakings from veterinary services provider CVS Group PLC for its acquisition of The Vet.
Hyve Sees Full Revenue Recovery as Demand for In-Person Events Returns
Hyve Group PLC said Monday that its third-quarter revenue for fiscal year 2022 demonstrated a full recovery on a pro forma basis, reflecting strong customer demand for in-person events.
PZ Cussons Sees FY 2022 Revenue Rising, Backs Profit Expectations on Growth
PZ Cussons PLC said Monday that it expects to report increased revenue for fiscal 2022, and backed its adjusted pretax profit expectations on continued growth.
Bluejay Mining Appoints Michael Hutchinson as Interim Chairman
Bluejay Mining PLC said Monday that it has appointed Michael Hutchinson as interim chairman.
Biffa FY 2022 Results to Be Delayed on Landfill Tax Enquiry Audit Procedures
Biffa PLC said Monday that the publication of its audited results for fiscal 2022 will be delayed, as it has requested additional time to complete the audit procedures related to its landfill tax enquiry.
Cake Box FY 2022 Pretax Profit Rose on Higher Revenue; FY 2023 Sales Strong
Cake Box Holdings PLC said Monday that pretax profit for fiscal 2022 rose as revenue increased 51%, and that sales in fiscal 2023 have remained robust against a strong comparative period.
Digital 9 to Buy 48% Stake in Arqiva for GBP436 Mln
Digital 9 Infrastructure PLC said Monday that it has agreed to buy a 48.02% stake in data, network and communications service provider Arqiva Ltd. for 436 million pounds ($535.1 million), and will raise equity to fund the acquisition.
Keller Secures Saudi Arabia Contract; Performance Is Meeting Expectations
Keller Group PLC said Monday that it has secured a new contract in Saudi Arabia, and that its performance in the first half of the year was in line with expectations, backing its full-year expectations.
Powerhouse Energy Appoints Keith Riley as Interim Chairman
Powerhouse Energy Group PLC said Monday that it has appointed Keith Riley as interim chairman with immediate effect.
Caspian Sunrise 2021 Pretax Loss Widened on Impairments
Caspian Sunrise PLC said Monday that its 2021 pretax loss widened, despite an increase in revenue, due to impairments, and raised material uncertainty doubts over its ability to continue as a going concern.
Eco Atlantic to Buy 6% Stake in South Africa License, Raise $12.3 Mln via Equity Issue
Eco (Atlantic) Oil & Gas Ltd. said Monday that it has agreed to acquire an additional 6.25% interest in the Block 3B/4B offshore South Africa for $10 million, and launched a $12.3 million equity issue at a premium to the current share price.
Taylor Maritime Investments to Sell Vessel for $17.2 Mln
Taylor Maritime Investments Ltd. said Monday it will sell a vessel for $17.2 million, and that it has covered 53% of the remaining fleet days for fiscal 2023.
Tavistock Investments to Report 14% Rise in FY 2022 Revenue
Tavistock Investments PLC said Monday that it will report a 14% on year rise in revenue for fiscal 2022, and that it was well positioned to achieve its strategic objectives.
Begbies Traynor Buys Budworth Hardcastle for Up to GBP2.4 Mln
Begbies Traynor Group PLC said Monday that it has bought chartered surveying company Budworth Hardcastle Ltd. for up to 2.4 million pounds ($2.95 million) as part of its strategy to increase scale and quality.
Arrow Exploration Shares Up on Positive Test Results for Colombia Oil Well
Shares in Arrow Exploration Corp. rose Monday morning after it reported better-than-expected test results for the Rio Cravo Sur-1 oil well in Colombia.
Judges Scientific Buys Remaining 12% of Bordeaux Acquisition for GBP2.1 Mln
Judges Scientific PLC said Monday that it has bought the remaining 12% interest in its majority-owned subsidiary Bordeaux Acquisition Ltd. for 2.1 million pounds ($2.6 million).
Oil Is Choppy as Investors Await Word on New Russia Sanctions
0800 GMT - Oil prices waver between gains and losses as investors await information on new sanctions on Russian oil. Brent crude, the international oil benchmark, rises 0.2% to $109.30 a barrel, while WTI, the U.S. gauge, rises 0.1% to $107.74 a barrel. Leaders of the G-7 nations of wealthy democracies are considering capping the prices at which they purchase Russian oil. Doing so would create a buyers' cartel of Western nations and their allies, though much of the details are still to be finalized. (email@example.com)
Metals Rise Despite Global Recession Fears
0732 GMT - Metal prices are rising early on Monday with demand, despite mounting fears of a global recession. Three-month copper futures in London are up 1% to $8,405 a metric ton while nickel is up 3.6% to $22,900 a ton. Gold futures in New York are also up 0.6% to $1,840.40 a troy ounce. "Whilst not exactly a call for a turn from the current bear scenario, we do note positioning starting to show shorts emerging across risk assets," Marex's Asian metals team says at a note. "It does seem like markets are buying--but just very slightly," they add, noting that supply of base metals is expected to remain on track despite strikes in South America. (firstname.lastname@example.org)
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(END) Dow Jones Newswires