The FTSE 100 rises; Whitbread leads winners after update

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The FTSE 100 rises; Whitbread wins after 1Q update

0744 GMT – The FTSE 100 gained 0.5% to 7,223 points with Whitbread leading after the UK-based hotel and restaurant group released a first-quarter trading update. Shares of Whitbread, which owns hotel chain Premier Inn, rose 4.1% after posting a surge in sales in the first quarter following a recovery in hotel stays in the UK and Germany. Bank stocks also rallied as the Federal Reserve is expected to raise interest rates further in a policy move at 1800 GMT. “US central bank policymakers are expected to brake hard with 75 basis points [interest rate] rise, to keep prices from spiraling out of control,” writes Susannah Streeter, an analyst at Hargreaves Lansdown. ([email protected])

 
Companies News: 

DP Poland 2021 Widening of reported pre-tax loss; Early 2022 system sales increased

DP Poland PLC said on Wednesday its reported 2021 pre-tax loss widened despite an increase in revenue and year-to-date system sales rose 25% year-on-year in 2022.

WANdisco 2021 pre-tax loss widened due to lower revenue and higher costs

WANdisco PLC said on Wednesday its pre-tax loss for 2021 widened after posting lower revenue and higher costs.

Severfield’s pre-tax profit for the financial year 2022 fell and increases the dividend

Severfield PLC said on Wednesday that pre-tax profit for the financial year 2022 fell slightly, despite an increase in revenue, driven by higher costs and that it had increased its dividend payout.

Market Views of the NAHL Group Meeting; back guidance

NAHL Group PLC said on Wednesday it continued to perform in line with market expectations since the release of its annual results on March 29 and was sticking to its guidance for the full year.

Scancell Holdings to Expand Phase 2 Trial of SCIB1 Vaccine for Melanoma Patients

Scancell Holdings PLC announced on Wednesday that it will expand the Phase 2 clinical trial of its SCIB1 vaccine in patients with metastatic melanoma.

Tatton Asset Management Pre-tax profit for fiscal year 2022, revenue increase

Tatton Asset Management PLC said on Tuesday that its pre-tax profit, revenue and assets under management increased in the 2022 financial year.

Dewhurst 1H Earnings Before Tax Rose

Dewhurst Group PLC said on Wednesday first-half pre-tax profit rose and reported revenue was slightly lower in a tough market environment.

Base Resources reiterates guidance for 2022 as operations restart in Kenya

Base Resources Ltd. said on Wednesday it had restarted mining operations at its Kwale mineral sands project in Kenya, and confirmed it remained on track to meet its full-year production guidance.

WANdisco raises approximately $19.8 million for sales, marketing and working capital

WANdisco PLC said on Wednesday it raised approximately $19.8 million through subscription, with the proceeds to be used to support sales and marketing programs and for working capital.

SourceBio International says it has performed well in 2022 so far, is optimistic for the full year

SourceBio International PLC said on Wednesday it has performed well in 2022 so far and the board is optimistic for the rest of the year.

Eckoh’s pre-tax profit for fiscal 2022 plummeted; sees higher revenue and profit for fiscal year 2023

Eckoh PLC said on Wednesday that pre-tax profit for the 2022 financial year fell after factoring in higher costs, and that it expects a significant increase in revenue and profit in the 2023 financial year. .

Dillistone expects 2022 performance in line with market views

Dillistone Group PLC said on Wednesday it expects its full-year performance to be in line with market expectations.

DP Poland to acquire Domino’s Croatia for £2.4m

DP Poland PLC announced on Wednesday that it has agreed to acquire All About Pizza doo for a total consideration of approximately 2.4 million pounds ($2.9 million), to be settled by issuing shares.

DP Poland to appoint Domino’s Croatia CEO to senior role as part of acquisition

DP Poland PLC announced on Wednesday that it has offered the conditional appointment of Nils Gornall, CEO of All About Pizza doo, as its new CEO.

IGas to pay £2m in 2022 under new UK windfall tax – Energy Commentary

IGas Energy PLC predicted on Wednesday that it would pay around 2 million pounds ($2.4 million) for 2022 under the new UK Energy Profits Levy. Here’s what the London-listed onshore hydrocarbon producer had to say:

Castings FY 2022 Profit before tax, revenue up

Castings PLC said on Wednesday profit and pre-tax revenue increased for the 2022 financial year.

Director General of Tertiary Minerals resigns

Tertiary Minerals PLC announced on Wednesday that its chief executive Patrick Cullen has stepped down, effective June 20.

Antofagasta expects 2022 copper production to be at the bottom of the benchmark range

Antofagasta PLC warned on Wednesday that its copper production in 2022 would be at the lower end of the indicative range of 660,000 to 690,000 metric tons.

WH Smith sees exercise performance at the high end of market views

WH Smith PLC said on Wednesday that revenue for the third quarter of fiscal 2022 was above 2019 levels, driven by the recovery in key travel markets, and that it expects its performance in the the whole year are at the upper end of market expectations.

Bloomsbury Publishing Pretax profit for fiscal year 2022, revenue increased on strength in consumer and non-consumer divisions

Bloomsbury Publishing PLC said on Wednesday profit and pre-tax revenue increased for the 2022 financial year as both consumer and non-consumer divisions posted strong performances.

Whitbread 1Q FY 2023 UK Hosting, Comparative Sales Up; Confident of Fort 1H

Whitbread PLC said on Wednesday that UK total homes and comparable sales for the first quarter of financial year 2023 had increased, and given the improved second quarter visibility, it is confident that he will have a strong first half.

Motorpoint’s profit for fiscal 2022 doubled as car prices rose

Motorpoint Group PLC said on Wednesday its profit had more than doubled in the 2022 financial year, although it warned that inflation and supply chain issues were likely to continue to have a negative impact.

 
Market Talk: 

Antofagasta’s update on Los Pelambres is slightly negative, says RBC

07:32 GMT – Antofagasta guided 2022 copper output to the lower end of the original range, which is seen as a slight negative by RBC’s Tyler Broda. Consensus volume estimates will now recalibrate towards the lower end of the 660,000 to 690,000 metric ton range, the analyst said in a note. The mining company’s comments were part of an update on the leak detected in the Los Pelambres Concentrator pipeline. The operation should resume at the end of June. Shares of the Chile-focused copper producer fell 1.4% after the update. RBC has an underperform rating on the stock with a target price of 1,150 pence. ([email protected])

Whitbread’s strong 1Q, positive outlook likely to accelerate upgrades

07:29 GMT – Whitbread’s Q1 update was very strong and showed continued UK revenue per available room – a key industry metric – in line with what it reported at the start of the financial year 2023, says Shore Capital analyst Greg Johnson in a Note. Meanwhile, the outlook for the hotel and restaurant company is positive, which should lead to a 25-30% upgrade to pre-tax earnings estimates for fiscal 2023, Johnson said. “We see a combination of higher revpar assumptions in the UK and lower losses in Germany, partially offset by higher costs, resulting in a £50-60 million increase in our pre-tax profit estimate. for the full year of around £200m,” Johnson said. said. Shore evaluates stock purchase. ([email protected])

 

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

(END) Dow Jones Newswire

June 15, 2022 04:11 ET (08:11 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.


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