FTSE 100 Falls as Russia-Ukraine Crisis Hits Sentiment

The FTSE 100 drops 1.8% to 7522 points as the prospect of a Russia invasion of Ukraine weighs on market sentiment. Financial and travel stocks are among the worst performers on the London index. "With the situation between Russian and Ukraine reportedly worsening with the increasing possibility of an invasion, diplomatic solutions thus far have had little impact," Interactive Investor analyst Richard Hunter says. "In economic terms, while any such invasion would be most acutely felt in Europe, there would likely be wider implications such as the possibility of supply chain restrictions and a further boost to the oil price on lessened supply." 


 
Companies News:

CT Automotive Group Sees 2021 Performance Ahead of Expectations

CT Automotive Group PLC said Monday that it performed ahead of expectations for 2021 and that it expects global vehicle production volumes to recover in 2022, with automotive supply-chain issues to resolve fully in 2023.

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MTI Wireless Edge Expects 2021 Pretax Profit to Miss Market Views

MTI Wireless Edge Ltd. said Monday it expects to miss market expectations for its 2021 pretax profit because of the strength of the Israeli shekel against the U.S. dollar.

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Real Good Food Downgrades FY 2022 Views Due to Omicron Impact

Real Good Food PLC said Monday that it expects to report revenue for the second half of the fiscal year to be at similar level to the previous year due a lower-than-expected sales in December and January.

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Proton Motor Power Systems Expects 2021 Revenue Rose 52%

Proton Motor Power Systems PLC said Monday that it expects to report that revenue rose significantly in 2021, and the positive trend has persisted into the new year.

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BBVA to Increase Stake in Digital Bank Neon for Around $300 Mln

Banco Bilbao Vizcaya Argentaria SA said Monday that it is increasing its stake in the owner of Brazilian online bank Neon Pagamentos for a consideration of around $300 million.

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88 Energy Raises A$32 Mln via Oversubscribed Share Placing

88 Energy Ltd. said Monday that it has now raised 32 million Australian dollars ($22.8 million) via an oversubscribed share placing which will be used to fund the Merlin-2 well in Alaska and any potential new ventures.

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President Energy Expects 2021 Adjusted Ebitda, Turnover Rose

President Energy PLC said Monday that it expects to report that 2021 adjusted Ebitda rose together with turnover, and that it sees a one-off benefit from the spinoff of its subsidiary.

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Tharisa Opens Negotiations to Buy Outstanding Stake in Tharisa Minerals

Tharisa PLC said Monday that it has begun negotiations to acquire the outstanding shareholdings in Tharisa Minerals Proprietary Ltd., and cautioned it may materially affect its share price.

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Ethernity Networks Sees Revenue Boost on Return to Higher-End Focus

Ethernity Networks Ltd. said Monday it has decided to return to plans to focus on the higher-end version of its universal edge platform, which should generate significant revenue during 2022 and 2023.

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Caracal Gold Raises GBP2 Mln to Fund Kilimapesa Mine in Kenya

Caracal Gold PLC said Monday that it has raised 2 million pounds ($2.7 million) via a share placing, and will use the money for the Kilimapesa gold mine in Kenya.

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Up Global Sourcing Forecasts 14% Gain in 1H Revenue

Up Global Sourcing Holdings PLC said Monday that it expects revenue for the first half of fiscal 2022 rose 14%, in line with expectations, and that it has seen recent signs of supply-chain improvements.

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Gensource Potash Settles Outstanding Claim

Gensource Potash Corp. said Monday that it has reached a confidential settlement agreement with Frank Eberhardt, Carl F Peters GmbH & Co. and 11664735 Canada Ltd., also known as 116, resolving all matters.

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Microsaic Systems to Issue 285 Mln Shares in Remuneration, Warrants

Microsaic Systems PLC said Monday that it will issue 285 million new shares in warrants and as remuneration for two of its nonexecutive board members, including its chairman, for their second year of service.

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Synthomer Sees in Line Ebitda for 2021

Synthomer PLC said Monday that it sees earnings before interest, taxes, depreciation and amortization for 2021 in line with current market expectations of 518.4 million pounds ($703.1 million) after experiencing a strong performance across all divisions in the year.

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Studio Retail Shares Suspended, Administrators to Be Appointed

Studio Retail Group PLC said Monday that trading in its shares has been suspended and it intends to appoint administrators after failing to reach an agreement with U.K. lenders for additional funding.


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

(END) Dow Jones Newswires

02-14-22 0407ET