FTSE 100 rises as oil-related stocks rise SSE
0922 GMT – The FTSE 100 rose 0.2% to 7482.02, helped by gains in energy stocks, but UK economic concerns cap gains. “The Thanksgiving holiday in the US and the relatively muted slate of UK market news means the FTSE 100 should broadly end the week on a calm note,” writes Sophie Lund-Yates, chief market analyst. shares in Hargreaves Lansdown. However, concerns remain about consumer confidence and economic growth, she said. Oil giant Shell is up 0.8% on rising oil prices, while energy company SSE is up 0.6% after agreeing to sell a 25% stake in its UK transmission business United for £1.47 billion. Real estate and retail stocks are mostly down, with Persimmon losing 2.2% and Ocado down 2%. ([email protected])
SSE PLC to sell 25% stake in SSEN Transmission for £1.47bn
SSE PLC announced on Friday that it will sell a 25% stake in its electricity transmission system company SSEN Transmission to the Ontario Teachers’ Pension Plan Board for 1.47 billion pounds (1 .78 billion dollars).
Breedon Revenue in 10 Months to Rose October; View 2022 meeting guidelines
Breedon Group PLC said on Friday that revenue for the four months to the end of October and the first 10 months of the year increased year over year, and supported its full year expectations.
Devro agrees to £540m takeover
Devro PLC announced on Friday that it had agreed to a 540 million pound ($654.3 million) takeover by Saria SE & Co. KG through its subsidiary Saria Nederland BV.
LPA reports business loss for fiscal 2022 despite recovery in 2H
LPA Group PLC said on Friday it would post a slight trading loss for the year, despite a strong second half with improved trading on the year.
ScS Group sees FY2023 performance in line with views, 16-week orders fell
ScS Group PLC said Friday that like-for-like order intake for the 16 weeks to Nov. 19 fell given a tough comparison, but added that full-year performance was in line with expectations despite the backdrop. hard.
Devro bullish on outlook as volume and prices boost revenue
Devro PLC said on Friday it was confident for the full year and ahead as revenues and margins increase in all markets.
Thor Mining Trading Suspended on ASX Ahead of Capital Raise
Thor Mining PLC said Friday that trading in its shares on the Australian Securities Exchange had been suspended ahead of a planned fundraising.
LSL Property Services sees 2022 missing past expectations
LSL Property Services PLC said on Friday it expects overall performance in 2022 to be below previous expectations, with full-year profit expected to be slightly above or below 2019 levels.
Kenmare Resources Cuts 2022 Production Views On Power Outages
Kenmare Resources PLC said on Friday production for the full year is expected to be at or around the bottom of its forecast ranges due to unplanned power outages caused by problems in the power transmission grid. .
ITM Power appoints Dennis Schulz as CEO
ITM Power PLC announced on Friday that it has appointed Dennis Schulz as chief executive effective December 1.
Conviction Life Sciences Company to raise £100m in London IPO
Conviction Life Sciences Company said on Friday it plans to raise 100 million pounds ($121.2 million) and list on the London Stock Exchange next month.
Sterling seen having limited leeway to recover more
0921 GMT – Investor stance adjustments have played a key role in the pound’s recent rally, but further gains may be limited, ING says. GBP/USD may experience further temporary appreciation to 1.22-1.23, but these would be the best levels before the end of the year, ING analyst Chris Turner said in a note. “Similarly, EUR/GBP is enjoying good support in the 0.8550/0.8600 area, and given our view of a challenging risk environment at year-end and early 2023 as central banks raise rates in recessions, sterling is likely to remain vulnerable.” GBP/USD fell 0.1% to 1.2104 after hitting a three-month high of 1.2155 on Thursday, according to FactSet. EUR/GBP rose 0.2% to 0.8611 after hitting a three-week low of 0.8571 on Thursday. ([email protected])
Contact: London NewsPlus; [email protected]
(END) Dow Jones Newswire
November 25, 2022 04:51 ET (09:51 GMT)
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