FTSE 100 Rises as Energy, Mining, Retail Shares Gain
0931 GMT - The FTSE 100 Index rises 0.7%, or 51 points to 7524 as gains for energy, mining and retail stocks outweigh losses for travel-related shares. National Grid, United Utilities, SSE, Chilean copper miner Antofagasta and fellow miners Glencore and BHP Group are among the biggest top-flight risers. BP and Shell gain despite Brent crude dropping 0.7% to $84.09 a barrel. Retailers JD Sports Fashion, Kingfisher and Next rise after industry data showed high-street shopper numbers on Dec. 26, known as Boxing Day in the U.K., increasing 38.8% versus a year earlier. "However, U.K. footfall remains 18.2% below prepandemic levels in 2019," Interactive Investor head of investment, Victoria Scholar, writes. Still, cruise operator Carnival, airline group IAG and tour operator TUI fall. (philip.waller@wsj.com)
Companies News:
DP Eurasia Mulls Sale of Russian Operations
DP Eurasia NV said Wednesday that it is considering the sale of its Russian operations, but cautioned that there is no certainty any deal will proceed.
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Applied Graphene in Talks Over Sale of Trade, Assets, Main Operating Business
Applied Graphene Materials PLC said Wednesday that it is in talks with various interested parties regarding the sale of its trade and assets, or of the shares in its main operating subsidiary, but said there isn't any certainty that any deal will be struck.
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Argo Blockchain To Sell Helios Facility To Galaxy For $65 Mln
Argo Blockchain PLC said on Wednesday it is selling its Helios facility in Texas and its related operations to Galaxy Digital Holdings Ltd. for $65 million.
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Trafalgar Property 1H Pretax Loss Widens on Lower Revenue, Higher Costs
Trafalgar Property Group PLC on Wednesday reported a widened pretax loss for the first half of fiscal 2023 on lower revenue and after booking higher costs.
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Streaks Gaming to Raise GBP3 Mln in London IPO; Trading Expected Jan. 5
Streaks Gaming PLC said Wednesday that it is planning to raise 3 million pounds ($3.6 million) as part of its initial public offering on the London Stock Exchange, with trading expected to start on Jan 5.
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Mirada 1H Pretax Loss Narrowed; Expects Higher Revenue in 2H
Mirada PLC said Wednesday that its pretax loss for the first half of fiscal 2023 narrowed and that it expects higher revenue in the second half due to the timing of its product deployments.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
12-28-22 0452ET
