London stocks rise as miners, oil stocks and Royal Mail rise
FTSE 100 gains on miners, oil stocks and Royal Mail rise
The FTSE 100 index rises 0.5%, oil stocks and Royal Mail gain. BP and Shell advanced as the price of a barrel of Brent rose 0.8% to $86.96. Meanwhile, Polymetal International continues to advance, up nearly 4% after the Russian gold miner said on Monday that its Novopet deposit in Russia would contain 2.4 million ounces of gold equivalent. Other miners are also gaining, with Antofagasta, BHP and Anglo American among the biggest risers. Royal Mail climbed 5% despite lower full-year profit forecasts as the parcel and letter courier announced plans to cut 700 management jobs as part of a cost-cutting drive.
EKF Diagnostics expects 2021 performance to beat market views
EKF Diagnostics Holdings PLC said on Tuesday it expects its financial performance for 2021 – including adjusted earnings before interest, tax, depreciation and amortization – to exceed market expectations.
IQE sees its 2021 revenues in line with forecasts
IQE PLC said Tuesday that 2021 revenue is expected to be in line with guidance given in November.
BlueRock Diamonds sells 6.8-carat stone for $63,186 in January tender
BlueRock Diamonds PLC said on Wednesday it sold a 6.8-carat stone for $63,186 during its January sale.
Animalcare Group sees FY2021 revenue in line with market views
Animalcare Group PLC said on Tuesday it expects 2021 revenues to be in line with market expectations, supported by higher margins.
Yu Group Sees Adjusted 2021 Revenue and Ebitda, Ahead of Views
Yu Group PLC said on Tuesday it expects 2021 revenue and Adjusted Ebitda to be significantly above expectations.
TI Fluid Systems Sees Revenue Increase in 2021
TI Fluid Systems PLC said on Tuesday it expects to record revenue growth for 2021 despite market headwinds.
Learning Technologies expects to report 2021 results above the market
Learning Technologies Group PLC said on Tuesday it expects to report above-market earnings for 2021, driven by strong organic revenue growth, and is optimistic for the year ahead.
President of TI Fluid Systems retires
TI Fluid Systems PLC said on Tuesday that chairman Manfred Wennemer decided to retire after the company’s annual general meeting on May 18.
Northcoders sees turnover of over £3m in 2022
Northcoders Group PLC said on Tuesday it expects revenue for 2022 to be over 3 million pounds ($4 million) and delivered a strong performance for 2021, boosted by higher demand .
Royal Mail plans to cut around 700 managerial jobs as part of the restructuring
Royal Mail PLC announced on Tuesday that it plans to cut 700 management positions and is cutting its guidance for the financial year 2022 due to the launch of a consultation process to restructure the business.
Base Resources Support Fiscal 2022 Production Guidance
Base Resources Ltd. on Tuesday reaffirmed its mineral sands production forecast for the year ending June 30.
Eleco expects its revenue and Ebitda to increase in 2021
Eleco PLC said on Tuesday it expects 2021 revenue and Ebitda to beat market expectations.
Ergomed sees 2021 Adjusted Ebitda exceed market expectations
Ergomed PLC said on Tuesday it expects to report adjusted Ebitda for 2021 ahead of market expectations, boosted by higher earnings.
Sopheon sees revenue and Adjusted Ebitda improve in 2021
Sopheon PLC said on Tuesday it expects to report improved revenue and adjusted Ebitda for 2021.
Royal Mail downgrades FY2022 guidance on plan to cut around 700 manager jobs – Update
Royal Mail PLC announced on Tuesday that it plans to cut 700 management jobs and is reducing its guidance for financial year 2022 due to the launch of a consultation process for its restructuring.
Pelatro expects 2021 results in line with expectations
Pelatro PLC said on Tuesday it expects 2021 results to be in line with expectations, and while it expects full year results to be released in late March or early April, it could be subject to change due to disruption resulting from Covid-19 restrictions.
Sivota to buy majority stake in marketing platform Apester
Sivota PLC announced on Tuesday that it has entered into a conditional agreement to buy a 57.5% stake in digital marketing engagement platform Apester Ltd. for $12 million.
Reduction of the pre-tax loss of the Autins group for the financial year 2021
Autins Group PLC announced a reduced pre-tax loss for the 2021 financial year on Tuesday and said the medium-term outlook remains positive.
Unilever will cut 1,500 jobs as part of its structure reorganization
Unilever PLC announced on Tuesday that it would change its organizational structure and focus on five separate business groups, resulting in the loss of around 1,500 jobs and the reduction of management positions.
PCF Group shares slide 50% as profits fall and trading resumes
Shares of PCF Group PLC halved in early trading on Tuesday after its trading halt was lifted and the company said half-year profit fell due to the impact of the pandemic.
Eleco update shows return to growth after 2020 break
09:31 GMT – Eleco’s update showed a return to growth, following a hiatus in 2020, in credit for the British software company’s renewed management team, prompting finnCap to raise its guidance. The team restructured operations and introduced a popular new SaaS/subscription sales model, which generated significant cash flow, according to the UK brokerage. “Margins in 2022 and 2023 will be impacted by the transition to a SaaS model and associated sales and marketing efforts to drive sales growth. This should see recurring revenue increase from 56% to 66% by 2024 – presented today to show expectations positive outcome of the strategy, driven by SaaS growth,” says finnCap Brokerage has a target price of 160.0 pence.
Capricorn Financial Assets, potential shareholder returns in a nutshell
0916 GMT – Capricorn Energy shares rise 5.4% after issuing its first update since acquiring Shell’s oil and gas portfolio in Egypt. Given significant changes to the business over the past year, the near-term focus will be on financial assets and cash returns for shareholders, RBC Capital Markets said. In this regard, Capricorn reported year-end net cash of $133 million; and management expects to receive a $1.06 billion tax refund from the Indian government in early 2022 and a complementary consideration of $76 million on the disposal of the UK fields also this year, RBC said. On the other hand, Cairn decided to return $500 million to shareholders through a public tender offer and $200 million through the repurchase of shares, the banknotes.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at [email protected]
(END) Dow Jones Newswire
January 25, 2022 04:54 ET (09:54 GMT)
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