FTSE 100 Lower Again as Banks, Miners, Oil Stocks Fall
24 Marzo 2023 - 3:48AM
Noticias Dow Jones
FTSE 100 Drops as Banks, Miners, Oil Stocks Fall
0917 GMT - The FTSE 100 Index drops 1.4%, or 107 points to 7392
as banks, miners and oil stocks fall amid lingering financial
stability fears. NatWest, Standard Chartered and Barclays are among
the banking sector's biggest fallers, down more than 3%, while
miners Fresnillo, Antofagasta and Glencore also lose ground. BP,
Shell and Harbour Energy are lower as the price of Brent crude
drops 1.6% to $74.27 a barrel. "Financials like Barclays and
NatWest are trading near the bottom of the U.K. index as investor
cautiousness lingers in the aftermath of the recent turmoil in the
sector," Interactive Investor head of investment Victoria Scholar
writes. Still, Smiths Group gains 0.8% after the industrial
conglomerate raised full-year revenue guidance.
(philip.waller@wsj.com)
Companies News:
Games Workshop Declares Dividend
Games Workshop Group PLC said Friday that it has declared a
dividend payout and that trading in the three months to the end of
February has been in line with expectations.
---
Smiths Group 1H Pretax Profit Rose as Revenue Beat Consensus,
Lifts Full-Year Guidance Again
Smiths Group PLC said Friday that first-half fiscal 2023 pretax
profit rose as revenue beat consensus, and again raised its
revenue-growth guidance for the year.
---
JD Wetherspoon Swung to 1H Pretax Profit as Sales Rose Above
Prepandemic Levels
J.D. Wetherspoon PLC reported on Friday a swing to pretax profit
for the first half of fiscal 2023 on the back of sales that were
ahead of prepandemic levels.
---
James Fisher & Sons to Report 2022 Revenue Rose, But Results
Delayed to April
James Fisher & Sons PLC said Friday that it expects to
report a rise in revenue for 2022, but that its results would be
delayed a month and published April 28 instead of March 28.
---
Tribal Group 2022 Pretax Profit Fell on Contract Delay; Cuts
Dividend
Tribal Group PLC on Friday cut its final dividend on the back of
lower profits due mainly to the delays and subsequent cancellation
of its Nanyang Technological University contract in Singapore, and
despite higher revenue.
---
Quartix Technologies Starts 2023 in Line With Market Views
Quartix Technologies PLC said Friday that its performance in the
first two months of 2023 has been in line with market views for the
year.
---
Warpaint Lifts Expectations After Strong 1Q Sales
Warpaint London PLC said Friday that it has lifted its
expectations for 2023 as sales increased in the first quarter of
the year.
---
Caledonia Mining to Raise Up to $13 Mln to Fund Projects;
Reports In-Line 2022 Earnings
Caledonia Mining Corp. said Friday that it plans to raise up to
$13 million via share placings and will use the money to provide
working capital to accelerate the planned work at three new gold
projects in Zimbabwe.
---
Ocean Wilsons 2022 Pretax Profit Fell on Decline in Value of
Investment Portfolio
Ocean Wilsons Holdings Ltd. said Friday that 2022 pretax profit
fell due to a decline in the valuation of its investment portfolio,
and that in terms of uncertainty, the first quarter of 2023 was
reminiscent of the year-prior period.
---
San Leon Energy Expects to Complete Refinancing in Near Term
San Leon Energy PLC said Friday that it expects to complete its
refinancing in the near term although the process has taken more
than expected.
---
Phoenix Copper Shares Fall as It Seeks to Issue
Copper-Price-Linked Bonds, Secures $2 Mln Facility
Phoenix Copper Ltd. shares fell on Friday after it said that it
is finalizing discussions regarding the placing of up to $80
million of corporate bonds linked to the copper price and that it
has secured dollar working capital through a credit facility.
Market Talk:
J.D. Wetherspoon Seen as Unlikely to Resume Dividends
0852 GMT - J.D. Wetherspoon's 1H performance was positive as it
returned to prepandemic levels but the current U.K. consumer
backdrop could play against the pub operator, Interactive Investor
head of markets Richard Hunter says in a note, as shares rise 6.9%.
Although the hospitality sector's supply issues have largely
disappeared, it is facing strong inflationary pressures in energy,
food and labor, pushing up prices, Hunter says. On another hand,
the company's current strategy to pay down debt from the pandemic
period is showing promising progress, he says. However, it leaves
the chances of resuming dividends or launching a share buyback
program at nil, he adds. (michael.susin@wsj.com)
Smiths Group's Guidance Update Could Support Consensus Ebita
Upside
0814 GMT - Smiths Group's 1H showed a good set of results with
Ebita of GBP241 million, 4% ahead of consensus and more than
offsetting slightly lower-than-forecast margins, RBC Capital
Markets analyst Mark Fielding says in a note. The company's
full-year sales guidance upgrade to at least 8% from at least 7%
should support lower single-digit consensus Ebita upside, Fielding
says. "While the strategy for accelerated growth is sound, a lack
of emphasis on margin progression beyond contribution from leverage
means we would like to see more proof before pricing in an improved
longer-term outlook," he says. RBC rates the stock underperform and
has a 1,650 pence target price. Shares are up 1.1% at 1,734.50
pence. (anthony.orunagoriainoff@dowjones.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
March 24, 2023 05:33 ET (09:33 GMT)
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