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UKX FTSE 100 Index

7,952.62
20.64 (0.26%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
FTSE 100 Index FTSE:UKX FTSE Indices Index
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  20.64 0.26% 7,952.62 7,975.38 7,931.36 7,931.98 0 16:35:30

FTSE 100 Closes Up 0.4%, Lifted by Miners; BATS Shines

06/06/2023 5:11pm

Dow Jones News


FTSE 100
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From Mar 2023 to Mar 2024

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The FTSE 100 index closed Tuesday up 0.4% to 7628 points, amid a positive performance among its global peers, pushed by British American Tobacco and the mining sector despite weakness in oil and natural-gas prices. Abrdn shares lead the index top performers, closing up 4.4% and chaining its second day in positive terrain after announcing a GBP150 million share buyback program on Monday, followed by retailer Ocado, which bounced from yesterday's fall and closed up 4.0%, and Melrose Industries, up 2.7%. British American Tobacco shares closed 1.5% higher after the group backed its 2023 outlook.

 

COMPANIES NEWS:

Unilever Starts Search for New Chair, FT Reports

Unilever has begun the search to replace Chairman Nils Andersen, the Financial Times reports.

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British American Tobacco Backs 2023 Guidance, Existing Strategy

British American Tobacco on Tuesday reiterated 2023 guidance for revenue and earnings growth, and backed its existing strategy.

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AB Foods to Buy National Milk Records for GBP48.0 Mln

Associated British Foods said Tuesday that it has agreed to buy National Milk Records for 48.0 million pounds ($59.7 million) as part of a plan to expand its agri-food business.

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Property Franchise Expects to Meet Full-Year Views; Early 2023 Revenue Flat on Year

Property Franchise said Tuesday that it remains confident in meeting its full-year expectations, with revenue and management service fees for the first four months of 2023 flat on year.

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N. Brown Group Swung to FY 2023 Pretax Loss On Inflationary Pressure, Allianz Settlement

N. Brown Group said Tuesday that it swung to a pretax loss in the fiscal 2023, mainly due to a continuing adverse market environment and a settlement to Allianz following a legal dispute, and that it expects the inflationary environment to continue to hurt results.

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Paragon Banking Upgrades FY 2023 Guidance, Buyback

Paragon Banking Group on Tuesday updated its fiscal 2023 guidance for mortgage lending volumes and net interest margin as it launched a second 50.0 million pound ($62.2 million) share buyback program for the year.

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Argo Blockchain Swung to 1Q Pretax Loss; Mulling Options to Improve Balance Sheet

Argo Blockchain on Tuesday reported a swing to pretax loss for the first quarter of 2023, reflecting lower revenue and mining margins and a reduction in foreign exchange gains, and said it was evaluating options to strengthen its balance sheet.

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Zephyr Energy Raises GBP3.15Mln to Fund Project in Utah

Zephyr Energy said Tuesday that it has raised 3.15 million pounds ($3.9 million) via a share placing and subscription and will use the money for capital expenditure at its Paradox Basin project in Utah, U.S.

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Chemring 1H Pretax Profit Fell on Lower Revenue; Backs Guidance

Chemring Group said Tuesday that pretax profit for the first half of fiscal 2023 fell as revenue in the countermeasures and energetics division was hurt by delays to order intake, and backed its guidance for the year.

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Gooch & Housego 1H Pretax Profit Rose on Revenue Growth

Gooch & Housego on Tuesday backed its guidance for fiscal 2023 after posting a rise in first-half pretax profit following growth across its markets during the period.

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Billington Says 2023 Performance Is in Line With Market Views

Billington Holdings on Tuesday said it has started 2023 positively and that it is performing in line with market expectations.

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FireAngel Safety Shares Drop on GBP12.2 Mln Open Offer, Placing and Subscription

FireAngel Safety Technology shares fell Tuesday after it said it plans to raise up to around 12.2 million pounds ($15.2 million) through an open offer and a placing and subscription of shares, using proceeds to reduce net debt and for working capital.

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XLMedia Completes Personal Finance Asset Portfolio Disposal

XLMedia on Tuesday said it has sold off its entire personal finance asset portfolio as it disposed of its Money Under 30 domain and website.

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Gfinity Shares Fall on Partial Athlos Sale; Esports Division Closure

Shares in Gfinity fell Tuesday after the company said it has sold 72.5% of its Athlos subsidiary to Tourbillon Group UK for 1 pound ($1.24), and that it is closing down its esports division.

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Ethernity Networks Secured Components for Fibre Controller Contracts

Ethernity Networks on Tuesday said it secured the supply of components allowing it to fulfill its fibre controller contracts and bring in $3.3 million in revenue in 2023.

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Croma Security Solutions Shares Rise on GBP6.5 Mln Subsidiary Sale

Shares in Croma Security Solutions Group rose Tuesday after it said it had conditionally agreed to sell its subsidiary Vigilant Security (Scotland) to M&W Security for 6.5 million pounds ($8.1 million) plus intercompany balances of GBP1.1 million repayable to the company.

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Woodbois Agrees with Sydbank to Repay Outstanding $2.8 Mln by End-December

Woodbois said Tuesday that it has agreed with Sydbank that its outstanding balance of around $2.8 million will be repaid by no later than Dec. 29.

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B.P. Marsh & Partners to Return up to GBP13 Mln to Shareholders Over Three Years

B.P. Marsh & Partners on Tuesday set out a plan to return up to 13 million pounds ($16.2 million) to shareholders over the next three years via dividends and share buybacks.

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FireAngel Mulls Sale of Company, Shuffles Board Amid Widened 2022 Pretax Loss

FireAngel Safety Technology said Tuesday that its 2022 pretax loss widened, named a new chief executive and chair and said it will undertake a strategic review that may involve a sale of the company.

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APQ Global Shares Fall on Widened 2022 Pretax Loss

Shares in APQ Global fell Tuesday after the company said its 2022 pretax loss widened after booking a higher loss on financial assets at fair value, and that the dividend remained on hold until further notice.

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Oxford Metrics Shares Rise on Higher 1H Pretax Profit Due to Strong Demand

Oxford Metrics shares rose Wednesday after the company said first-half pretax profit rose significantly, and that it was well-placed to beat full-year market expectations.

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Brand Architekts Chairman Roger McDowell Taking Temporary Leave

Brand Architekts Group said Tuesday that Chairman Roger McDowell is taking a sabbatical for family health reasons with immediate effect.

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Genuit Group CFO Paul James Plans to Step Down by End of September

Genuit Group said Tuesday that Chief Financial Officer Paul James intends to step down this year to take up a role at a privately-owned company.

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Team17 Group Appoints Steve Bell as New CEO from January

Team17 Group said Tuesday that it has appointed Steve Bell as chief executive officer from January, replacing Debbie Bestwick who will step down at the end of this year.

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Marwyn Acquisition Co. II Names Will Self as New CEO

Marwyn Acquisition Co. II said Tuesday that it has appointed Will Self as chief executive officer, effective immediately.

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AFC Energy's Chief Operating Officer Jim Gibson to Step Down

Hydrogen technology company AFC Energy said Tuesday that Chief Operating Officer Jim Gibson intends to step down from his role at the end of his contractual notice period and as executive director from Friday.

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Accsys Technologies New CEO Jelena Arsic Van Os to Start on July 1

Accsys Technologies on Tuesday said that Jelena Arsic van Os will take up the chief executive role on July 1.

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TomCo Shares Fall on Changes to Tar Sands Takeover Option

Shares in TomCo Energy fell Tuesday after the company said it has agreed to certain amendments with Tar Sands to the exclusive takeover option held by TomCo's subsidiary Greenfield Energy, which owns a 10% interest in Tar Sands.

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Shell's Home Energy Retail Unit to Exit UK, Netherlands and Germany

Shell said Tuesday that its home energy retail unit will pull out of the U.K., Netherlands and Germany, with a sales process already underway.

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Camellia to Sell BF&M Stake for $100.0 Mln

Camellia said Tuesday that it will sell its entire interest in associate company BF&M to Bermuda Life Insurance Company for a total consideration of $100.0 million.

 

Contact: London NewsPlus, Dow Jones Newswires;

 

(END) Dow Jones Newswires

June 06, 2023 11:55 ET (15:55 GMT)

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