FTSE 100 closes as mining and oil stocks jump

The FTSE 100 extended its gains on Wednesday, closing 0.8% higher. Mining companies led the gains, helped by rising metal prices. Shares of copper producer Antofagasta rose 7.5%. The big four followed suit, with BHP up 4.5%, Anglo American up 3.9%, Glencore up 3.5% and Rio Tinto up 2.8%. Oil companies also performed well, with shares of BP up 3.2% and Shell up 2.7%. “The mining and oil contingent of the big names in the FTSE 100 has been supported by the weak dollar and the accompanying rise in commodity prices,” said Chris Beauchamp at IG.

 
Companies News: 

Sainsbury’s improves FY2022 views on falling costs and rising Christmas grocery volumes

J Sainsbury PLC said on Wednesday that comparable sales including fuel for the third quarter of financial year 2022 increased and raised its market expectations for the full year in terms of lower costs, growth in market share and increased Christmas grocery volumes.

Total third-quarter Whitbread sales increased 5%

Whitbread PLC said on Wednesday that total sales for the third quarter of financial year 2022 increased by 5% and that its performance in the United Kingdom until January 6 had been resilient despite the Omicron variant Covid-19.

Bunzl acquires New Jersey-based PPE distributor for undisclosed amount

Bunzl PLC announced Wednesday that it has acquired Tingley Rubber Corp., a New Jersey-based distributor of personal protective equipment, for an undisclosed amount.

UK antitrust regulator clears merger between IAG and Air Europa

The UK Competition and Markets Authority said on Wednesday that the proposed acquisition of Air Europa by International Consolidated Airlines Group SA could not be investigated under the Enterprise Act 2002.

JD Sports Fashion 22-Week Revenue to Jan. 1 Rose; sees pre-tax profit of $1.19 billion for fiscal 2022

JD Sports Fashion PLC said on Wednesday that revenue for the 22-week period to Jan. 1 in its comparable businesses was up more than 10% from the same period in 2020, and it expects a pre-tax profit for the 2022 financial year of 875 million pounds ($1.19 billion).

Vistry says 2021 adjusted pre-tax profit increased as realized sales increased

Vistry Group PLC said on Wednesday it expects adjusted full-year pre-tax profit to rise in line with forecasts after a sharp rise in realized sales.

PageGroup Says 2021 Operating Profit Exceeded Expectations

PageGroup PLC said on Wednesday it expects to report 2021 operating profit slightly above its previous guidance of around 165 million pounds ($225 million), boosted by continued improvement throughout the year. .

Dunelm reports Q1 pre-tax profit, Q3 total sales increased

Dunelm Group PLC said on Wednesday that total sales increased in the third quarter of fiscal 2022, boosted by a strong performance at its stores, and that it expects to post growth in pre-tax profits for the first half.

Trustpilot sees 2021 revenue at $131 million; Total bookings of $150 million

Trustpilot Group PLC said on Wednesday it expects to report revenue of $131 million for 2021 and total bookings of $150 million.

M Winkworth expects 2021 revenue and profit to beat views; Declare a special dividend

M Winkworth PLC said on Wednesday it expects 2021 pre-tax revenue and profit to beat forecasts, and declared a special dividend.

S4 capital performance in line with market expectations; Media.Monks, 4 Mile Analytics to merge

S4 Capital PLC said on Wednesday that performance remains in line with market expectations and that Media.Monks and 4 Mile Analytics will merge.

DFS Furniture first-half sales increased 10% over fiscal 2019; Supports FY2022 guidance

DFS Furniture PLC said on Wednesday sales for the first half of fiscal 2022 were up 10% from the same period in fiscal 2019, before the pandemic hit, and backed its guidance for the year. complete.

Hostelworld revenue recovered in 2021, but hit by Omicron

Hostelworld Group PLC said on Wednesday it had seen a steady recovery in bookings and revenue in 2021 from pre-pandemic levels, except for the latter part of the year amid the rise of the coronavirus variant. Omicron.

Nichols’ income increased in 2021; Supports profit forecasts

Nichols PLC said on Wednesday 2021 revenue rose 22% and was broadly in line with 2019 levels, and supported its profit forecast for the year.

Investigation into Microsoft’s acquisition of Nuance Communications launched by UK Antitrust Watchdog

The UK Competition and Markets Authority said on Wednesday it had opened a formal investigation into Microsoft Corp’s proposed acquisition of Nuance Communications Inc. to determine whether the merger would reduce competition in UK markets.

Savills sees 2021 earnings well ahead of expectations

Savills PLC said on Wednesday it expects underlying pre-tax profit for 2021 to be well above the upper end of the board’s expectations, following a strong final period of activity.

 
Market Talk: 

Darktrace’s 1H Solid Confirms Growth Path

1027 GMT – Darktrace’s very strong 1H confirms that the scale of growth is exceeding expectations and the quality of that growth is improving, says Jefferies. The British cybersecurity company’s declining churn and rising net retention respond to debate among investors regarding its products and the sustainability of growth, Jefferies says. “We believe Darktrace is well placed to capitalize on the structural growth of cybersecurity and achieve one of the fastest growths in the European tech sector,” the US bank said. Jefferies has a buy recommendation with a target price of 800 pence. The shares are trading up 5% at 443 pence. ([email protected])

Dunelm benefits from inline tuning as well as more tinkering

10.27 GMT – Shares in Dunelm rose 5% after the British homewares retailer reported higher total sales in the second quarter and forecast pre-tax profit to beat expectations for the full year. The business has benefited from an increase in online sales as well as people doing more home improvements during the shutdowns, says AJ Bell. “A key part of Dunelm’s transformation under Chief Executive Nick Wilkinson has been improving and expanding online sales,” said AJ Bell Chief Investment Officer Russ Mold. “It’s really helped during times when footfall in its stores has been reduced or eliminated entirely due to restrictions or people’s reluctance to go out.” ([email protected])

S4 Capital mergers, a look at performance with a low valuation

1004 GMT – S4 Capital’s reassuring update is a buying opportunity, according to Jefferies. The London-listed digital advertising and marketing services group’s profit and net revenue growth is well ahead of the company’s previous forecast of 40%, while like-for-like growth was also very strong, according to the American bank. Current trading shows the continuation of its strong trends, says Jefferies, adding that the merger of 4 Mile Analytics with Media.Monks further adds to S4’s data capabilities. Jefferies has a buy rating with a price target of 930 pence. The shares are trading up 4.3% at 553 pence. ([email protected])

Biffa will achieve acquisition synergies in 2022

09:51 GMT – 2022 will be a year where Biffa creates synergies by integrating its newly acquired businesses and increases its operating leverage, HSBC said, reaffirming a buy rating on the stock. The British waste management company has been a strong performer in 2021, but year-to-date the stock has fallen 3%, HSBC notes. First-half results in November were a snapshot of the company’s performance after a year of rapid expansion, the bank said. HSBC raises Biffa’s target price to 460 pence from 450 pence. ([email protected])

Whitbread continues to gain market share

09:35 GMT – Hotel and restaurant company Whitbread is showing market share gains and expects a continued recovery in UK comparable revenue per available room – an industry measure – in 2022, according to Jefferies. Whitbread says total UK accommodation sales to January 6 were 5.1% ahead of financial year 2020, with 66% occupancy, and estimates an increase of 7% to 8% inflation for fiscal 2023. This should be more than offset by the cost of efficiency, real estate growth and higher annual recurring revenue, according to the US bank. Jefferies analysts say they see upside risk to FY2022 consensus pretax earnings on that basis. Jefferies is pricing the stock purchase and has a target price of 3,600 pence. The shares are up 0.2% at 3,206 pence. ([email protected])

 

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswire; [email protected]

 

(END) Dow Jones Newswire

January 12, 2022 12:51 p.m. ET (5:51 p.m. GMT)

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Steve R. Hansen