Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

FTSE Closes Up, But Loses Strength of Morning Opening

10/15/2021 | 12:13pm EST

The FTSE 100 index on Friday closed the week up, but it saw its morning gains trimmed, Chief Market Analyst at IG Chris Beauchamp says. However Mr. Beauchamp says that "it is a solidly-positive end to the week for markets, which have built on yesterday's rebound to make further inroads into the losses of September." "Stocks are in a good place to keep moving higher for the time being," Mr. Beauchamp adds, noting that earnings season remains supportive of further gains.

Companies News: 

Rio Tinto Cuts 2021 Projection for Iron-Ore Shipments, Copper Output

Rio Tinto said it expects to ship less iron ore than previously anticipated from its Australian mining operations this year because of delays to projects caused by labor shortages in the country's west.


Pearson Sees 2021 in Line With Market Views

Pearson PLC said Friday that it has made good strategic progress in the first nine months of the year, and that it was in line with full-year adjusted operating profit market consensus.


Hargreaves Lansdown 1Q 2022 Assets Under Administration Rose

Hargreaves Lansdown PLC said on Friday that assets under administration rose during the first quarter of fiscal 2022, and that its client retention rate remained solid at 93%.


Iofina Says Iodine Production Remains in Line With Guidance

Iofina PLC said Friday that it remains on track to meets its second-half crystalline iodine production target of 260-275 metric tons.


Loungers Sales Up Since Start of Indoor Trading

Loungers PLC said on Friday that its like-for-like sales grew 27% in the 20 weeks to Oct. 3, when compared to the year-prior period, and that its performance since May 17, the start of indoor trading in the U.K., has been maintained.


K3 Capital Says FY 2022 Performance Remains in Line With Market Views

K3 Capital Group PLC said Friday that its performance remains in line with market expectations, and that it will report higher-than-anticipated revenue and earnings for the year that ended May 31 after an accounting review.


Mediclinic International Says 1H Revenue, Ebitda Margin Rose

Mediclinic International PLC said Friday that revenue rose in the first half of fiscal 2022, and that its Ebitda margin improved notably.


CPPGroup Expects FY2021 Performance to Meet Market Expectations

CPPGroup PLC said on Friday that it is confident it will perform in line with market expectations for the year 2021 on the back of recovery of its business in India.


Hostmore to Float in London on Nov. 2

Hostmore PLC said Friday that it expects its shares to be admitted to trading on the London Stock Exchange on Nov. 2, following its separation from Electra Private Equity PLC.


Compass Group Sets Raft of Net-Zero Commitments

Compass Group PLC said Friday that it has made a commitment to reach carbon neutrality in its own operations by 2030 and net zero greenhouse gas emissions across its operations and value chain by 2050.

Market Talk: 

Tesco's Euro Bonds Look 'Expensively Valued'

1059 GMT - Tesco's better-than-expected half-year results are already priced into the U.K.'s largest retailer's euro-denominated bonds, says LBBW. "The spreads of the outstanding EUR bonds have already narrowed to reflect the strong operating performance," the German bank says, adding that they are currently trading in line with bonds rated at BBB, and below the relevant market curve of BBB- rated debt, the weakest rating band in investment-grade at Tesco's current credit rating. "As such, they seem to be relatively expensive at present, and we believe that they are currently only interesting for risk-conscious investors," the bank says. Tesco's half-year revenue rose by 5.9%, while adjusted operating result climbed by 40.6%. (lorena.ruibal@wsj.com)

Go-Ahead Shares Have Further to Travel, RBC Says

1023 GMT - Shares in Go-Ahead Group rise 3% to 816 pence after RBC Capital Markets upgraded the U.K. bus and train company to outperform from sector perform. The Go-Ahead share price has declined 23% following news last month that the company was losing its Southeastern rail franchise and is down 45% from a 2021 peak in April, RBC says. Still, RBC says Southeastern only accounted for 3% of its assessment of Go-Ahead's enterprise value and rail overall for 6%. While RBC is cutting its price target to 1,030p from 1,230p, the brokerage says the shares could exceed its new target. (philip.waller@wsj.com)

Rathbones Funds Under Management Set to Exceed GBP65 Bln in 2021

1004 GMT - Rathbone Brothers is delivering continued growth in funds under management and administration, Jefferies says as it raises its forecasts and valuation for the wealth-management company. The U.S. bank now expects Rathbones to reach GBP65.8 billion FUMA in 2021 and GBP69.8 billion in 2022, an upgrade of around 9.5% from its previous projections. The 2021 underlying pretax profit estimate increases by a similar amount and by 3.9% for 2022 reflecting operating margin compression, as already guided. Jefferies raises the target price to 2,175 pence from 2,075 pence, and reaffirms a buy rating on the FTSE 250 company. (jaime.llinares@wsj.com)

Hochschild's New Canadian Project Shows Development Potential

0929 GMT - Hochschild Mining's Snip gold project in Canada has a good chance of being developed into a mine, considering the existing infrastructure and the already announced high-grade resource, Peel Hunt says. However, and despite minimal financial commitments in the near term, investors should be aware of potential capital expenditure commitments of up to C$100 million by Hochschild which could potentially be back-end loaded into 2023 and 2024, the brokerage says. The company today announced that it has exercised an option over Snip that gives it the right to earn a 60% interest in the project. Shares in the FTSE 250 miner fall 1.5% to 143.1 pence.

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com

(END) Dow Jones Newswires

10-15-21 1212ET

Latest news "Economy & Forex"
02:01pGermany says working with U.S. on Nord Stream 2 deal
01:45pOPEC postponses technical meetings to evaluate Omicron impact -sources
01:43pOPEC postponses technical meetings to evaluate Omicron impact -sources
01:39pBritain to call G7 health ministers meeting over Omicron
01:39pUk government says uk to convene urgent meeting of g7 health ministers on november 29 to discuss developments on omicron
01:38pUk government says all travellers returning to the uk to require pcr testing regardless of vaccination status from tuesday 30 november
01:38pUk government says face coverings will be mandatory in shops and on public transport from tuesday
01:05pWHO says it is not yet clear if Omicron causes more severe disease
01:00pUNECA UNITED NATIONS ECONOMIC COMMISSION FOR AFR : New study shows Accra generates one-third of Ghana's GDP
12:36pFrance says it will not be held hostage by British politics on migration
Latest news "Economy & Forex"