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FTSE 100 Rises 1%, Led by Entain, Flutter

09/22/2021 | 03:50am EDT

FTSE 100 Rises, Led by Entain, Flutter; Market Awaits Fed

0733 GMT - The U.K.'s FTSE 100 index rises 1% to 7052.65 in early trade, with sentiment buoyed after an onshore unit of troubled Chinese property company Evergrande said it would make an interest payment on time this week. Betting-and-gambling group Entain leads gainers, jumping 8.1% after news of an improved takeover bid from DraftKings Inc. Dublin-based peer Flutter Entertainment also rises sharply, up 5.8% after a settlement in its legal dispute with the Commonwealth of Kentucky and an upbeat trading update. Safety equipment company Halma rises 1.2% after reporting good progress in 1H, with performance ahead of forecasts. Miners and financial stocks gain, while pharma stocks are among only a handful of fallers, as investors look ahead to a U.S. Federal Reserve announcement after the close. (jessica.fleetham@wsj.com)

 
Companies News: 

Flutter Entertainment Settles Legal Dispute With Kentucky With Extra $200M Payment

Flutter Entertainment PLC said Wednesday that its legal dispute with the Commonwealth of Kentucky regarding certain subsidiaries of the Stars Group in 2010, prior to its combination with Flutter, has been settled in full.

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Flutter Says Australian Division Achieved 50% Market Share in 1H

Flutter Entertainment PLC said Wednesday that its Australian business Sportsbet achieved a market share of over 50% in the first half of 2021.

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Halma Raises FY 2022 Guidance After 1H Exceeded Expectations

Halma PLC on Wednesday raised its profit guidance for the fiscal year after a better-than-expected first half.

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Entain Considers Improved GBP16.4 Bln Bid From DraftKings

Entain PLC said Wednesday that it is considering a new, improved takeover bid from DraftKings Inc. after rejecting an earlier offer from the U.S. digital sports-betting and entertainment company.

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Saga Swung to 1H Pretax Profit; No Guidance Due to Pandemic

Saga PLC said Wednesday that it swung to a pretax profit for the first half of fiscal 2022 after booking lower costs, and that it wasn't giving any earnings guidance for the year given continued uncertainty stemming from the pandemic.

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SDI Group Current FY2022 Trading Slightly Ahead of Forecasts

SDI Group PLC said Wednesday that it has made a good start to fiscal 2022, beating modestly its initial forecasts, and noted that the board remains confident about delivering full-year results at least in line with market expectations.

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Ten Entertainment Sees 2021 Performance Ahead of Views After 'Exceptional' Summer

Ten Entertainment Group PLC said Wednesday that it expects full-year performance to be ahead of previous internal expectations after an exceptional summer.

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PZ Cussons 1Q FY 2022 Revenue Fell; FY 2021 Pretax Profit Rose

PZ Cussons PLC said on Wednesday that revenue for the first quarter of fiscal 2022 fell 9%, and that its pretax profit and revenue rose in fiscal 2021.

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Oxford Cannabinoid Technologies Signs Exclusive License Deal With Canopy Growth

Oxford Cannabinoid Technologies Holdings PLC said Wednesday that it has signed an exclusive worldwide license agreement with Canopy Growth Corp. allowing it to access Canopy's cannabinoid library, including 335 derivatives and 14 patent families.

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Kin & Carta Sees FY 2021 Revenue, Profit Ahead of Market Expectations

Kin & Carta PLC said Wednesday that it expects net revenue and adjusted pretax profit to be marginally ahead of the top end of market expectations for the year ended July 31.

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Arc Minerals Shares Rise on 'Massive' Copper Intersections in Zambia

Shares in Arc Minerals Ltd. rose Wednesday after it reported "massive" sulfide copper intersections at its Cheyeza East project in Zambia.

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

09-22-21 0349ET

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