FTSE 100 Recovers From Tuesday's Losses
The FTSE 100 rose 0.8%, recovering from losses in the previous session, with economic data a key focus in the absence of corporate earnings. Caixin data on Wednesday showed China's manufacturing activity contracted for the first time since April 2020 in August while Nationwide reported U.K. house prices jumped 11% year-on-year in August. Other data due later include the Markit/CIPS final August U.K. manufacturing PMI at 0830 GMT, August's ISM U.S. manufacturing PMI at 1400 GMT and the ADP private payrolls report at 1215 GMT. Although "poorly correlated" lately, the ADP data will be used to adjust expectations for Friday's more closely-followed U.S. nonfarm payrolls report, Oanda analyst Jeffrey Halley says.
Companies News:
888 Holdings Sees 2021 Performance Slightly Ahead of Views After 1H Profit Rose
888 Holdings PLC on Wednesday reported an improved profit for the first half of 2021, and said that it anticipates full-year revenue and earnings slightly ahead of prior expectations.
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John Menzies Swung to 1H Pretax Profit
John Menzies PLC said Wednesday that it swung to a pretax profit for the first half of 2021 after booking lower costs, and that the board expects the trend in passenger volumes witnessed in the first half to continue over the remainder of the year.
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Alpha FX 1H Profit, Revenue Rose Following Lockdowns; Proposes Interim Dividend
Alpha FX Group PLC said Wednesday that its profit and revenue surged in the first half of 2021.
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Kainos Expects to Beat Market Views on Revenue for FY 2022
Kainos Group PLC said Wednesday that it expects fiscal 2022 revenue to be ahead of current consensus forecasts.
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WH Smith Sees FY 2021 Performance Slightly Above Guidance, Profit at Lower End of Views
WH Smith PLC said Wednesday that it expects the outcome for the year ended Aug. 31 to be slightly above previous guidance.
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Johnson Service 1H Loss Narrowed; Expects FY Results at Higher End of Market View
Johnson Service Group PLC said Wednesday that its loss narrowed in the first half of 2021 and that it currently expects to report full-year earnings toward the higher end of market expectations.
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KRM22 Booked Widened 1H Loss, Faces Delays in Signing Larger Orders
KRM22 PLC said Wednesday that it booked a widened loss for the first half of 2021 on lower revenue.
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Clinigen Group Says Elmar Schnee to Become Chairman With Immediate Effect
Clinigen Group PLC said Wednesday that Elmar Schnee will take up the position of chairman with immediate effect, and that Peter Allen will be stepping down from the post simultaneously.
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PPHE Hotel Group 1H Loss Widened as Travel Restrictions Hurt Performance
PPHE Hotel Group Ltd. on Wednesday reported a widened loss for the first half as coronavirus restrictions hurt performance in the period.
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Nanosynth Appoints New CEO Mark Duffin
Nanosynth Group PLC said Wednesday that it has appointed Mark Duffin as chief executive officer with immediate effect.
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Arcontech Group Shares Fall After Flat to Lower FY 2022 Profit Expectations
Shares in Arcontech Group PLC fell on Wednesday after it said that it expects profit for fiscal 2022 to be flat or lower on year due to the effect of the pandemic on net new sales in fiscal 2021 and that pretax profit and revenue for fiscal 2021 were flat on the year prior.
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Dalata Hotel Group 1H Pretax Loss Narrowed
Dalata Hotel Group PLC said on Wednesday that its first-half pretax loss narrowed after booking lower costs, and that it expects the improvement in the business environment since restrictions were lifted to deliver an increase in earnings.
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Stanley Gibbons CFO to Step Down from Role in November
Stanley Gibbons Group PLC said Wednesday that Chief Finance Officer Anthony Gee will step down from his role with effect from Nov. 30.
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SEC Newgate 1H Pretax Profit Rose
SEC Newgate SpA said on Wednesday that pretax profit for the first half rose as revenue increased, and that it was looking to the end of the year with confidence as the positive results allowed it to increase spending to further expand business.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com
(END) Dow Jones Newswires
09-01-21 0415ET
