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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 Rises as Oil, Mining Stocks Gain

28/06/2022 9:38am

Dow Jones News


FTSE 100
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From Mar 2022 to Mar 2024

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FTSE 100 Rises as Oil, Mining Stocks Gain

0805 GMT - The FTSE 100 rises 0.8%, or 59 points to 7317 as higher crude and metal prices boost oil and mining stocks. Rio Tinto, Anglo American, BHP, Glencore, BP and Shell advance as Brent crude increases 1.1% to $112.20 a barrel. Gold, silver and most base-metal prices are also in positive territory. "Oil prices have extended gains ahead of tomorrow's OPEC meeting due to supply disruption in two producer countries," Danske Bank analysts say in a note. "Libya, whose production has halved since mid-April to 600,000 barrels a day, announced it may suspend exports in the next three days amid protests that have forced oil fields and ports to shut down. Anti-government protests are also disrupting Ecuador's oil production." (philip.waller@wsj.com)

 
Companies News: 

SSE, Equinor to Buy 1.2GW Saltend Gas-Fired Power Station in GBP341 Mln Deal

U.K. energy group SSE PLC said Tuesday that it is acquiring Triton Power Holdings Ltd. with Norway's Equinor ASA from Energy Capital Partners for 341 million pounds ($418.3 million) to be shared equally between the two companies.

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OptiBiotix 2021 Pretax Profit Rose on Higher Revenue; Says Making Good Progress in 2022

OptiBiotix Health PLC said Tuesday that 2021 pretax profit rose as revenue increased, and that it has continued to make good progress since the start of 2022 despite the challenging global environment.

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Wise Reports Higher FY 2022 Profit, Forecasts 30%-35% Revenue Growth for FY 2023

Wise PLC on Tuesday reported an improved profit for the year ended March 31, and forecast revenue growth to continue at 30%-35% in fiscal 2023.

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Wynnstay Group 1H Pretax Profit and Revenue Rose on Higher Inflation, Gas Prices

Wynnstay Group PLC said Tuesday that pretax profit and revenue rose in the first half of its fiscal 2022 as business was ahead of the board's expectations, and that it raised its dividend payout.

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Petrofac Says Performance Remains In Line With Guidance

Petrofac Ltd. said Tuesday that its performance and expectations remain in line with guidance provided in late May.

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Everyman Media Says Jeremy Summerfield Will No Longer Join as CFO

Everyman Media Group PLC said Tuesday that Jeremy Summerfield will no longer join the board as chief financial officer as previously announced.

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Advanced Oncotherapy Raises GBP6.0 Mln Via Share Issue

Advanced Oncotherapy PLC said Tuesday that it has raised 6.0 million pounds ($7.4 million) via equity issue.

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Tribal Group Expects 2022 Revenue to Top Views; Says 1H Ebitda to Be Lower

Tribal Group PLC said Tuesday that it expects 2022 revenue to top its expectations, and that although Ebitda in the first half will be lower, it will recover in the second half.

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Marlowe Swung to FY 2022 Pretax Profit on Higher Revenue; Flags Strong Start to FY 2023

Marlowe PLC said Tuesday that it swung to a pretax profit for fiscal 2022 as revenue rose, and that it has had a strong start to fiscal 2023 with good levels of organic growth consistent with its medium-term high single digit target.

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Jadestone Energy Appoints New CFO

Jadestone Energy PLC said Tuesday that it has appointed Bert-Jaap Dijkstra as chief financial officer, effective Sept. 1.

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President Energy Swung to Profit in 2021 as Oil Price Bounced Back

President Energy PLC on Tuesday reported a profit for 2021, reflecting a recovery in oil-and-gas prices.

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Purplebricks Delays Publication of 2022 Results to August

Purplebricks Group PLC said Tuesday that it will report 2022 results in the first week of August to allow for enough time to complete the audit.

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IG Design 1H Pretax Profit Fell on Higher Costs, to Revise Strategy

IG Design Group PLC said Tuesday that pretax profit for fiscal 2022 fell despite higher revenue, as performance was hurt by higher costs and supply-chain issues.

 
Market Talk: 

SSE's Saltend Acquisition Shows Increased Importance of Thermal Generation

0752 GMT - SSE and Equinor are acquiring a portfolio of gas-fired generation plants including the 1.2-gigawatt Saltend CCGT station for GBP341 million. This portfolio was previously sold by Engie in 2017 for GBP205 million; therefore, the price of this new deal is 65% higher despite the assets being five years older, RBC's utilities analyst John Musk says. "We believe this is reflective of the improved commodity and spread outlook and the increased importance of flexibility in tighter U.K. generation markets," he adds. Despite SSE's commitment to renewables and networks, Musk says this transaction is supportive for the U.K. energy group because thermal power generation contributes to supply security and grid stability. (jaime.llinares@wsj.com)

 

Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

June 28, 2022 04:23 ET (08:23 GMT)

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

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