The FTSE 100 closed Wednesday down 0.2% to 7744 points amid a weaker trading in global markets while travel and leisure stocks continued their positive streak. Insurer Aviva lead a short list of risers, up 3.3%, after reporting a positive update to its general-insurance businesses. British Airways owner IAG rose 2% on the back of easyJet forecasting a return to annual profit supported by strong demand for travel despite the cost-of-living crisis, CMC chief market analyst Michael Hewson says in a note. Amid the top fallers, Ocado closed down 4.9%, while credit-reporting agency Experian was down 3.7% and Scottish Mortgage Investment Trust fell 2.9% after posting a negative return for the year ended March 31. 


Companies News:

Fresnillo 2022 Gold Production Fell, Sees 2023 Production Potentially Rising

Fresnillo PLC on Wednesday said its 2022 gold production fell in line with expectations though silver production rose, and it forecast a range including potentially higher gold production in 2023.

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Quilter 4Q Assets Under Management Down On Year

Quilter PLC on Wednesday said its fourth-quarter assets under management and administration came in below those of a year earlier due to slower activity in equity markets and slightly lower bond yields in the three-month period.

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Aviva Estimates GBP50 Mln Cost Due to UK December Weather

Aviva PLC said Wednesday that it expects the cold weather in the U.K. during December to cost around 50 million pounds ($61.6 million) and that its overall weather experience for the quarter year is marginally above the long-term averages, although in line for the year as a whole.

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J.D. Wetherspoon 1H Sales Rose On Year But Remain Short of Prepandemic Levels

J.D. Wetherspoon PLC said Wednesday that sales for the first half of fiscal 2023 rose on year though remained below prepandemic levels, and said it was cautiously optimistic for the full-year.

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easyJet Expects to Beat FY 2023 Pretax Profit Market Consensus After 1Q Revenue Rose

easyJet PLC said Wednesday that it expects to beat fiscal 2023 market consensus for pretax profit after first-quarter revenue rose, and that booking strength continues across the second quarter and into the summer season.

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CMC Markets Sees FY 2023 Net Operating Income in Line With Views

CMC Markets PLC said Wednesday that net operating income for fiscal 2023 is on track to meet market expectations, but didn't provide any figures

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Tullow Oil to Report Higher Revenue, Free Cash Flow Ahead of Guidance for 2022

Tullow Oil PLC said Wednesday that it expects to report a rise in revenue for 2022, and that free cash flow for the year will be around $267 million and ahead of guidance.

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Polymetal Meets 2022 Production Expectations; Sees 2023 Costs Rising Slightly

Polymetal International PLC said Wednesday that it met production guidance in 2022, and guided for roughly flat production and slightly higher costs in fiscal 2023.

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Next Fifteen Sees FY 2023 Revenue Grow 55% On Year

Next Fifteen Communications Group PLC on Wednesday said it expects fiscal 2023 results to be in line with management expectations after a strong second half.

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Pendragon to Beat 2022 Underlying Pretax Profit Forecasts After Strong 4Q

Pendragon PLC said Wednesday that it expects to beat 2022 underlying pretax profit market expectations after a strong fourth-quarter performance.

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OnTheMarket Expects Higher Adjusted Operating Profit for FY 2023

OnTheMarket PLC said Wednesday that its adjusted operating profit for fiscal 2023 is expected to rise in line with management expectations.

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hVIVO Shares Rise on Expected Higher 2022 Revenue; To Make Shareholder Distribution

Shares in hVIVO PLC rose Wednesday after the company said it expects to report a year-on-year rise in revenue for 2022 and that it intends to make a shareholder distribution in respect of 2022's financial performance.

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Home REIT Confirms Tenant Hasn't Paid Rent; Working to Fix Issues

Home REIT PLC confirmed Wednesday that tenant Lotus Sanctuary CIC hasn't paid rent for the quarter to Nov. 30, and it was working constructively with Lotus to fix the tenant's operational issues.

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Keywords Studios Expects 2022 Revenue, Adjusted Pretax Profit to Exceed Recent Guidance

Keywords Studios PLC said Wednesday that it expects to beat previously forecast revenue and adjusted pretax profit expectations for 2022 as it benefited from high demand for its services, particularly the create and globalize service lines.

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Watkin Jones FY 2022 Pretax Profit Fell on Exceptional Charge

Watkin Jones PLC on Wednesday said its pretax profit for fiscal 2022 was 64% lower as it booked an exceptional charge and said it sees margin pressures continuing into fiscal 2023.

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Inland Homes Shares Fall on Downgraded Guidance for FY 2022 Pretax Loss

Inland Homes PLC shares fell Wednesday after it said that it expects a wider pretax loss for fiscal 2022 than previously guided, and said it has sold its greenfield strategic land portfolio given strengthening government restrictions.

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XP Factory Sees 2022 Revenue, Adjusted Ebitda Significantly Rising

XP Factory PLC said Wednesday that it expects to report significantly increased revenue and adjusted earnings for 2022, reflecting underlying growth and the first year of revenue from its Boom Battle Bar brand acquisition.

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Rurelec Shares Fall on Liquidity Warning

Shares in Rurelec PLC fell Wednesday after the company said its liquidity position will become acute in the second quarter of 2023.

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Van Elle Shares Fall After CEO Warns of Challenges

Shares in Van Elle Holdings PLC fell Wednesday as Chief Executive Mark Cutler warned of more challenging market conditions in the short term, though the company's board is confident in achieving market expectations for the full year.

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Gresham House Sees 2022 Adjusted Operating Profit at Top End of Market Views

Gresham House PLC said Wednesday that it expects adjusted operating profit for 2022 to be at the top end of market forecasts, and that assets under management at year-end are expected to be up 20%.

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Ascential Shares Soar After 2022 Results to Beat Views, Proposed Reorganization

Shares in Ascential PLC rose 24% on Wednesday after the company said its revenue and core profit for 2022 are expected to beat market expectations an that it intends to spin off one of its businesses and sell another as part of a reorganization of its portfolio.

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Epwin Group Sees 2022 Adjusted Pretax Profit in Line With Views

Epwin Group PLC said Wednesday that it expects to report adjusted pretax profit for last year in line with market expectations, as pricing increases helped it deliver higher sales.

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Beowulf Mining Shares Fall on $11.2 Mln Discount Fundraise Plans

Beowulf Mining PLC shares fell Wednesday after it said it will raise up to 9.1 million pounds ($11.2 million) in a discount fundraising to maintain the pace of development at the Kallak iron-ore project.

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Lords Group Shares Rise on Expectations of 2022 Beating Market Forecasts

Shares of Lords Group Trading PLC rose 11% on Wednesday after the company said that it expects to report a record performance for last year and to beat market forecasts, boosted by its merchanting unit.

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Fonix Mobile to Pay Higher 1H Dividend on Gross Profit, Adjusted Ebitda Rise

Fonix Mobile PLC said Wednesday that gross profit and adjusted Ebitda both rose 12% over the first half of fiscal 2023 and that it expects to declare an increased interim dividend in March, in line with its policy.

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Scancell Swung to 1H Pretax Loss, Net Assets Fell

Scancell Holdings PLC said Wednesday that it swung to a pretax loss for the first half of fiscal 2023, and that net assets fell.

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eEnergy Is Cautiously Optimistic for FY 2023 After 1H Revenue Rose

eEnergy Group PLC said Wednesday that its revenue significantly rose in the first half of fiscal 2023 and it was cautiously optimistic for the full year.

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Ergomed Sees 2022 Adjusted Earnings Meeting Market Views; Names New CFO

Ergomed PLC said Wednesday that it expects to report an adjusted Ebitda for 2022 in line with market expectations while revenue rose, and appointed Jonathan Curtain as incoming chief financial officer.

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Hargreaves Services Raises Interim Dividend After 1H Pretax Profit Rose on Robust Performance

Hargreaves Services PLC said Wednesday that pretax profit for the first half of fiscal 2023 increased on the back of a robust performance, and raised its interim dividend.

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Hill & Smith Sees 2022 Operating Profit at Top End of Market Forecasts

Hill & Smith PLC said Wednesday that operating profit for 2022 is expected to be at the top end of market expectations after a strong finish to the year and an outperformance in its U.S. business.

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Oakley Capital's 2022 Net Asset Value Rose On Year

Oakley Capital Investments Ltd. on Wednesday said its net asset value at the end of 2022 was 21% higher than a year prior and that it sees resilient business in 2023.

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Tintra Appoints Paul James as COO

Tintra PLC said Wednesday that Paul James has been appointed as chief operating officer, and that although this isn't a board position he will be responsible for the operational rollout of its strategy.

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Biome Technologies Expects 2022 Revenue, Adjusted Ebitda Loss to Meet Market Views

Biome Technologies PLC said Wednesday that it expects to report higher revenue and adjusted loss before interest, taxes, depreciation and amortization for 2022 to meet market expectations.

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Celsius Resources Expects GBP14.8 Mln Market Cap at Start of London Trading in Late January

Celsius Resources Ltd. expects a market capitalization of 14.8 million pounds ($18.2 million) when its shares start trading on London's junior AIM later this month, it said Wednesday.

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Forterra Expects 2022 Earnings to Beat Management Views After Price Increases

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01-25-23 1159ET