The FTSE 100 closed up 0.5% on Thursday, with International
Consolidated Airlines Group and consumer discretionary companies,
such as Holiday Inn owner InterContinental Hotels Group and Premier
Inn owner Whitbread, having had a slightly better day ahead of the
Easter weekend, CMC Markets UK Chief Market Analyst Michael Hewson
says in a research note. IAG finished the day up 3.3%, IHG up 3.7%
and Whitbread rose 3.2%. Optimism for a strong summer season and
the prospect of a warm holiday weekend were boosting the stocks, he
says. One notable takeaway from the week as a whole is how
investors seem to be paying more attention to how companies view
the economic outlook rather than performance over the last 12
months, Hewson adds.
Companies News:
Ashmore Assets Under Management Fell 10% on Quarter in 3Q
Ashmore Group PLC said Thursday that its assets under management
fell 10% over the third quarter of the fiscal year.
---
Ninety One 4Q Assets Under Management Increased
Significantly
Ninety One PLC said Thursday that assets under management for
the fourth quarter of fiscal 2022 increased significantly from a
year earlier.
---
National Grid Expects 2022 Earnings to Beat Prior Guidance
National Grid PLC said Thursday that it anticipates that fiscal
2022 underlying earnings per share will be modestly higher than
previous guidance, and expects to complete the sale of its Rhode
Island unit in the first quarter.
---
Halma Acquires Underwater Robot Manufacturer Deep Trekker for
C$60 Mln
Halma PLC said Thursday that it has acquired underwater robots
manufacturer Deep Trekker Inc. for 60 million Canadian dollars
($47.8 million) on a cash and debt free basis.
---
Brooks Macdonald's 3Q Funds Under Management Fell on Weaker
Global Markets
Brooks Macdonald Group PLC said Thursday that funds under
management fell over the third quarter of fiscal 2022, dragged by
the war in Ukraine.
---
Smiths Group CFO John Shipsey to Step Down; Clare Scherrer
Named
Smiths Group PLC said Thursday that Chief Financial Officer John
Shipsey is stepping down from the role by mutual agreement on April
29, and that it has appointed Clare Scherrer as his
replacement.
---
Mediclinic International Expects to Report FY 2022 Revenue
Rise
Mediclinic International PLC said on Thursday that it expects to
report a rise in revenue for fiscal 2022, and that it sees positive
momentum in client activity driving revenue growth and margins in
the year ahead.
---
Wizz Air Expects Widened Net Loss for FY 2022
Wizz Air Holdings PLC said Thursday that it expects to report a
widened net loss for fiscal 2022, and that it is starting to see a
recovery taking shape as it moves closer to the summer season.
---
Dunelm 3Q Sales Rose on Successful Winter Sale
Dunelm Group PLC said Thursday that total sales increased in the
third quarter of fiscal 2022, adding that customers responded well
to its winter sale despite a hit in the final three weeks of the
quarter due to the Omicron wave of the coronavirus.
---
Hays 3Q Net Fees Grew on Like-For-Like Basis; Backs Full-Year
Operating Profit Guidance
Hays PLC said Thursday that net fees rose 32% on a like-for-like
basis in the third quarter of fiscal 2022 to a record high, and
reiterated its full-year operating profit guidance.
---
Polar Capital FY 2022 Assets Under Management Rose; Outlook
Positive
Polar Capital Holdings PLC said Thursday that assets under
management increased in fiscal 2022 because of a combination of
outperformance, net inflows and market improvement.
---
React Group Plans GBP5.5 Mln Share Placing to Support
Acquisitions
React Group PLC said Thursday it intends to raise 5.5 million
pounds ($7.2 million) in a share placing, to support its
acquisition growth strategy and for general working capital.
---
finnCap to Report Rise in FY 2022 Revenue, Pretax Profit in Line
with Views
finnCap Group PLC said Thursday that revenue for fiscal 2022 is
expected to have increased, with adjusted pretax profit in line
with expectations.
---
Norcros Expects to Post Higher FY 2022 Revenue; Gets GBP130 Mln
Loan
Norcros PLC said Thursday that it expects to report a rise in
fiscal 2022 revenue, and that it has secured a 130 million-pound
($170.5 million) loan.
---
Renold Says FY 2022 Revenue Rose on Strong Order Intake
Momentum
Renold PLC said Thursday that revenue for fiscal 2022 increased,
as the momentum in order intake and turnover of the first half
continued into the second half of the financial year.
---
Oilex Shares Fall on Need for Extra Funds to Meet
Higher-Than-Expected Costs at Cambay Field
Shares in Oilex Ltd. fell Thursday after the company said it
intends to raise additional funds next month as a result of
higher-than-expected re-fracking costs and a delay to the start up
of gas production at the Cambay gas field in India.
Market Talk:
Deliveroo's 2022 Guidance Seen Dependent on Grocery Success
0914 GMT - Deliveroo's 2022 guidance looks very bullish and
predicated on the success of the roll out of its grocery offering,
Shore Capital says. The London-listed food-delivery company
forecasts gross transaction value growth in a range of 15%-25% for
2022, and the U.K. investment group says this comes with downside
risk considering food price inflation and the fact that
like-for-like basket prices through delivery apps tend to come with
higher prices before delivery fees. Deliveroo's 1Q GTV growth was
strong against a tough year-earlier comparator, Shore Capital says,
noting that the new grocery rollout did the heavy lifting. Shore
cautions on a normalization in appetite for restaurant delivery,
referencing Tortilla's recent earnings. Deliveroo shares are up
2.4% at 109.00 pence. (kyle.morris@dowjones.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
April 14, 2022 12:13 ET (16:13 GMT)
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