News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

London Shares Rise as Miners, Oil Stocks Gain

12/13/2021 | 04:49am EDT

FTSE 100 Rises as Miners, Oil Stocks Gain

The FTSE 100 Index rises 0.1%, or nine points to 7300 on the back of gains for mining and oil stocks. BHP, Anglo American, Antofagasta, Rio Tinto and Glencore are all among the biggest risers as the prices of precious metals and some base metals advance. BP and Royal Dutch Shell are also in positive territory as the price of a barrel of Brent crude increases 0.5% to $75.52. "Asian markets made further gains overnight and European and U.S. markets look reasonably strong as the day gets underway," IG analysts say.

 
Companies News: 

Dunelm Group CFO Laura Carr to Step Down

Dunelm Group PLC said Monday that Chief Financial Officer Laura Carr has informed the board that she will be leaving her role.

---

Tristel Says FY 2022 Is on Track to Be in Line With Market Expectations

Tristel PLC said on Monday that is on track to be in line with market expectations for the fiscal 2022, helped by a normalization of diagnostic procedures on the first half of the year.

---

Next Fifteen Communications Sees Full-Year Results Ahead of Expectations After Strong 3Q

Next Fifteen Communications Group PLC said Monday that it anticipates beating management expectations for the full year after booking strong revenue growth in the third quarter.

---

Eqtec Cuts 2021 Revenue Guidance on Project Deferrals

Eqtec PLC on Monday said that its 2021 revenue will be lower than previously guided, after it decided to defer financial close for its Billingham and Deeside projects in the U.K. to next year.

---

C4X Discovery FY 2021 Pretax Loss Narrowed on Higher Revenue

C4X Discovery Holdings PLC on Monday reported a narrowed pretax loss for fiscal 2021 as revenue increased in the period due to a license deal with Sanofi.

---

Spinnaker Acquisitions to Buy HomeServe Labs in Reverse Takeover

Spinnaker Acquisitions PLC said Monday that it has conditionally agreed to buy HomeServe Labs Ltd. from HomeServe PLC via a reverse takeover, and that it has therefore requested the temporary suspension of trading of its shares.

---

Homeserve Sells Policy Book to Piedmont for $22 Mln

Homeserve PLC said that its U.S. subsidiary has entered into an agreement to sell to Piedmont Natural Gas Company Inc. the book of policies built during the two companies' partnership, which will end in April, for around $22 million.

---

Tungsten Corp Shares Fall After $1.5 Mln US Employment Claim Settlement

Shares in Tungsten Corp. fell on Monday after the company said that it has agreed to pay $1.5 million as settlement of an employment claim made against it in the U.S., as well as $513,000 in associated legal fees.

---

Public Policy Holding Raises GBP11.1 Mln in London IPO

Public Policy Holding Company, Inc. said Monday that it has raised 11.1 million pounds ($14.7 million) as part of its initial public offering on London's junior AIM, with trading expected to start on Thursday.

---

Taylor Maritime to Buy Stake in Grindrod Shipping for $77.9 Mln

Taylor Maritime Investments Ltd. said Monday that it will acquire a 22.6% stake in Grindrod Shipping Holdings Ltd. for $77.9 million.

---

Tungsten Corp. Swung to 1H Pretax Profit

Tungsten Corp. said Monday that it swung to a pretax profit after booking lower costs for the first half of fiscal 2022, but that customer wins in the period were below expectations.

---

DSW Capital Prices London IPO at 100 Pence a Share; Trading Expected Thursday

DSW Capital PLC on Monday priced its initial public offering on London's junior AIM at 100 pence a share, implying a market capitalization of 21.4 million pounds ($28.4 million) when trading starts on Thursday.

---

Byotrol Appoints Chris Sedwell as CFO

Byotrol PLC said Monday that it has appointed Chris Sedwell as its new chief financial officer.

---

Rockhopper Exploration CFO Stewart MacDonald to Step Down

Rockhopper Exploration PLC said Monday that Chief Financial Officer Stewart MacDonald intends to step down and join another company.

---

Triple Point Income Sells Achnacarry Hydro Ltd. for GBP10.7 Mln

Triple Point Income VCT PLC said Monday that it has completed the disposal of hydroelectric asset Achnacarry Hydro Ltd. for 10.7 million pounds ($14.2 million).

---

Hawkwing Withdraws From Internet Fusion Group Takeover

Hawkwing PLC said Monday that it has withdrawn from reverse-takeover negotiations with Internet Fusion Group Ltd.

 
Market Talk: 

Dollar Rises, Euro and Pound Fall as Traders Await Central Bank Meetings

0830 GMT - The dollar rises ahead of a busy week for central bank meetings. Wednesday's Federal Reserve announcement should lift the U.S. currency while Thursday's decisions by the European Central Bank and the Bank of England are likely to dent the euro and pound, says UniCredit. The dollar "is likely to benefit from the Fed announcing an acceleration in the speed of its tapering process," it says. This prospect, combined with the ECB likely remaining "quite accommodative" should continue to weigh on EUR/USD. The Bank of England is likely to delay plans to start raising interest rates, which won't help the pound, UniCredit says. The DXY dollar index rises 0.2% to 96.2780, while EUR/USD falls 0.2% to 1.1288 and GBP/USD loses 0.2% to 1.3237.

---

Royal Mail's Near-Term Risks Are Seen on the Upside

0712 GMT - The pandemic has meant that Royal Mail's profitability is now largely driven by parcels rather than letters, Berenberg says. With any increase in pandemic restrictions through winter benefiting its U.K. and European business, near-term risks are on the upside and cost inflation is largely in check for the meantime, the German brokerage says. "With the stock trading on extremely low multiples and headwinds very well flagged, we think the risk/reward now appears more attractive on a 12 to 24 month view than we have ever seen it for the company," it adds. Berenberg raises its rating on the stock to buy from hold and its target price to 650 pence from 530 pence.

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

(END) Dow Jones Newswires

12-13-21 0449ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLC -1.04% 3616 Delayed Quote.21.15%
ANTOFAGASTA PLC 0.10% 1452 Delayed Quote.8.37%
AUSTRALIAN DOLLAR / EURO (AUD/EUR) -0.34% 0.66084 Delayed Quote.4.62%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.12% 0.70944 Delayed Quote.-2.75%
BHP GROUP LIMITED -0.06% 47.8 Delayed Quote.15.25%
BRITISH POUND / EURO (GBP/EUR) -0.80% 1.16668 Delayed Quote.-0.57%
BRITISH POUND / US DOLLAR (GBP/USD) -0.34% 1.25233 Delayed Quote.-7.59%
BYOTROL PLC -2.31% 3.175 Delayed Quote.-26.14%
C4X DISCOVERY HOLDINGS PLC -3.77% 25.5 Delayed Quote.-37.65%
CANADIAN DOLLAR / EURO (CAD/EUR) -0.75% 0.726507 Delayed Quote.6.03%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.26% 0.77982 Delayed Quote.-1.40%
DOW JONES FXCM DOLLAR INDEX -0.07% 12648.52 Real-time Quote.4.06%
DUNELM GROUP PLC -2.66% 823.5 Delayed Quote.-38.74%
EQTEC PLC -1.41% 0.7 Delayed Quote.-41.32%
EURO / US DOLLAR (EUR/USD) 0.45% 1.07344 Delayed Quote.-7.05%
FTSE 100 -0.39% 7484.35 Delayed Quote.1.75%
GLENCORE PLC 1.81% 522.3 Delayed Quote.36.82%
GRINDROD LIMITED 4.91% 7.05 End-of-day quote.42.42%
GRINDROD SHIPPING HOLDINGS LTD. -3.27% 26.6 Delayed Quote.52.52%
HOMESERVE PLC 0.00% 1161 Delayed Quote.32.76%
INDIAN RUPEE / EURO (INR/EUR) -0.29% 0.012026 Delayed Quote.2.99%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.04% 0.012904 Delayed Quote.-4.36%
LONDON BRENT OIL 0.86% 113.73 Delayed Quote.44.68%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) 0.12% 0.64519 Delayed Quote.-6.09%
NEXT FIFTEEN COMMUNICATIONS GROUP PLC -7.39% 1228 Delayed Quote.-1.04%
RIO TINTO PLC -0.38% 5541 Delayed Quote.13.70%
ROCKHOPPER EXPLORATION PLC -0.12% 8.2 Delayed Quote.-2.84%
S&P GSCI BRENT CRUDE INDEX 0.18% 944.5117 Real-time Quote.42.43%
S&P GSCI NATURAL GAS INDEX 0.15% 413.8965 Real-time Quote.136.65%
S&P GSCI PRECIOUS METALS INDEX 0.92% 2427.18 Real-time Quote.0.55%
SANOFI -0.08% 103.62 Real-time Quote.17.07%
SHELL PLC -1.78% 27.59 Real-time Quote.45.47%
TRISTEL PLC 3.03% 340 Delayed Quote.-27.47%
TUNGSTEN CORPORATION PLC -0.70% 56.8 Delayed Quote.39.17%
US DOLLAR / EURO (USD/EUR) -0.47% 0.931706 Delayed Quote.7.57%
WTI 0.39% 110.118 Delayed Quote.46.38%
Latest news "Economy & Forex"
03:23pStellantis ceo sees shortage of ev batteries by 2024-25.…
RE
03:22pU.S. SEC official says issues with U.S.-listed Chinese firms remain 'significant'
RE
03:21pU.S. FTC launches inquiry into infant formula shortage
RE
03:15pNo data to support changing Boeing 737 MAX 10 cockpit alerting - executive
RE
03:15pU.s. justice department says units of commodity trader glencore…
RE
03:12pStocks slump on growth concerns, bond yields slip
RE
03:11pU.S. commission recommends renaming nine Army bases to strip Confederate legacy
RE
03:10pStocks slump on growth concerns, bond yields slip
RE
03:06pU.S. to allow Russian debt payment license to expire
RE
03:02pRussia-China joint patrol near Japan shows partnership is "alive and well" - U.S. State Dept
RE
Latest news "Economy & Forex"