FTSE 100 Rises as Telecom Stocks Rally

The FTSE 100 rises 0.5% to 7256 points as telecoms stocks BT Group and Vodafone gain after Telecom Italia received a EUR10.8 billion takeover approach from U.S. fund KKR. "The offer signals a broader appeal to deep-pocketed U.S. private equity giants of the European telecoms sector and could provide much needed support to the Italian business which has struggled with two profit warnings this year," Interactive Investor analyst Victoria Scholar says. The FTSE 100 is attempting to recover from last week's losses, which were driven by weaker travel stocks and commodities, and its next major hurdle is 7,300 points, she says. 


 
Companies News:

Cerillion FY 2021 Pretax Profit Rose; Increases Dividend

Cerillion PLC said Monday that its pretax profit for the fiscal year 2021 soared on higher sales, and that it is raising its dividend.

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Polar Capital 1H Profit Rose

Polar Capital Holdings PLC said Monday that its profit rose in the first half of its financial year.

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Frontier Developments Has Enjoyed Solid Performance So Far in FY 2022

Frontier Developments PLC said Monday that its video games have continued to perform well so far in fiscal 2022 and that the company is looking to the future with confidence as its portfolio keeps growing.

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Centralnic Sees 2021 Revenue, Adjusted Ebitda at Upper End of Expectations

Centralnic Group PLC said Monday that it expects full-year performance to be at the higher end of market expectations.

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Dialight Warns of Revenue Growth Amid Supply-Chain Issues

Dialight PLC warned on Monday about revenue growth lagging order intake for the four months ended Oct. 31 as a result of supply-chain issues, but noted that its expectations for the full year remain unchanged.

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Augmentum Fintech 1H Pretax Profit Rose on Revaluation of Investments

Augmentum Fintech PLC on Monday reported an increase in pretax profit for the first half of fiscal 2022 on valuation gains of its investment portfolio.

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Everyman Media Expects FY Performance to Beat Market Expectations on Strong Demand

Everyman Media Group PLC said Monday that its performance for 2021 will beat market expectations as admissions have been stronger than anticipated.

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Nightcap Acquires Five Bars in London for GBP4.9 Mln -- Deal Digest

ACQUIRER: Nightcap PLC, a London-listed bar operator.

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Gusbourne to Raise Up to GBP6.2 Mln Via Discounted Share Placing

Gusbourne PLC said Monday that it is launching an open offer to qualifying shareholders at a significant discounted price per issue price and that it expects to raise up 6.2 million pounds ($8.3 million) in gross proceeds.

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Thruvision 1H Pretax Loss Widened on Lower Revenue; Confident for 2H

Thruvision Group PLC said Monday that its pretax loss for the first half of the fiscal 2022 widened as revenue was lower, but added that it expects a strong performance for the second half.

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BHP Advances Plans to Combine Oil, Gas Unit With Woodside -- Update

SYDNEY--BHP Group Ltd. advanced plans to combine its oil-and-gas business with Woodside Petroleum Ltd., which on Monday approved a multibillion-dollar project in Australia that supports the role of natural gas in the global energy transition.

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Escape Hunt Shares Rise After Raising of GBP17.2 Mln in Share Placing

Shares in Escape Hunt PLC rose Monday after the company said it has raised approximately 17.2 million pounds ($23.1 million) via a share placing announced on Nov. 4.

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Plexus Holdings FY 2021 Pretax Loss Narrowed on Market Stabilization

Plexus Holdings PLC said Monday that its pretax loss for fiscal 2021 narrowed as the energy market began to stabilize following the impact of the pandemic.

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Grafenia 1H Pretax Loss Nearly Halved

Grafenia PLC reported Monday a nearly halved pretax loss for the first half of fiscal 2022, and said that its performance in October was above last year's and that November should end better than in the previous year.

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Zephyr Energy to Acquire Interest in North Dakota Wells for $36 Mln; Shares Rise

Shares in Zephyr Energy PLC rose Monday in early trading after the company said that it agreed to acquire non-operated interests in certain wells within the Williston Basin field in North Dakota for $36 million.

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Frontier Developments' Shares Drop on Lowered FY Guidance Linked to Sales -- Update

Frontier Developments PLC shares fell Monday after the company said it is downgrading its full-year revenue expectations as a result of lower PC sales of its Jurassic World Evolution 2 video game, which will be its biggest release and largest revenue contributor in the financial year.

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IQE Appoints Americo Lemos as CEO

IQE PLC said Monday that it has appointed Americo Lemos as Chief Executive Officer with effect from Jan. 10.

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SysGroup 1H Pretax Profit Doubled on Lower Costs

SysGroup PLC said Monday that its pretax profit for the first half of 2022 doubled, driven by lower costs.

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e-Therapeutics's CFO to Stand Down

e-Therapeutics PLC said Monday that Karl Keegan will be stepping down as chief financial officer with effect from Dec. 31 for personal reasons. 


 
Market Talk:

Hochschild Drops on Peruvian PM's Plans to Shut Its Mines

Shares in Hochschild fall 45% after the Peruvian head of cabinet said that the government will create a commission to negotiate the closure of mining projects, including the company's Pallancata and Inmaculada mines. RBC Capital Markets expected the market to react negatively, given the unexpected and uncertain legal nature of the action. Inmaculada and Pallancata account for 79% of the Hochschild's valuation, RBC estimates. "We are not sure if the magnitude of what this sort of action might mean for Peruvian foreign investment has been fully appreciated by the government, which we think could provide potential for a reversal in due course," RBC says. The bank expects the news to weigh on other Peru-exposed miners and on the country's currency as well.

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

(END) Dow Jones Newswires

11-22-21 0429ET