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European equities fall mainly as markets remain cautious; FTSE 100 gains on rising oil



European equities fall mainly as markets remain cautious

0913 GMT – European stocks are mostly down as investors remain cautious following comments from the US Federal Reserve on Tuesday. The Stoxx Europe 600 is down 0.1% and the DAX and CAC 40 are down 0.3%, although the FTSE is up 0.2%. The price of a barrel of Brent crude rises 1% to $ 74.79 and base and precious metals all rise, increasing oil and mining inventories. The Dow Jones closed 0.2% higher. “The president of the Fed has succeeded in reassuring the market on the transitory effect of the rise in prices in the American economy following the hawkish turn of the last week”, declared Pierre Veyret, analyst at ActivTrades. “Investors are increasingly accepting the longer-term prospects of tightening monetary policies.” ([email protected])

 
Companies News: 

Anglo American: De Beers diamond sales increase in fifth cycle

Anglo American PLC on Wednesday announced De Beers rough diamond sales of $ 470 million for the fifth round of 2021.

Berkeley Group FY 2021 Profit Rose, Offers Additional Shareholder Return

Berkeley Group Holdings PLC said on Wednesday that earnings and revenue increased for fiscal 2021 and offered an additional return to shareholders of excess cash.

Anexo Group secures £ 174million cash offer approach from DBAY Advisors

Anexo Group PLC said on Wednesday it received an approach of a possible £ 174 million ($ 242.7 million) cash offer from DBAY Advisors Ltd., and granted it due diligence access.

FY2021 Joule Revenue Increased and Adjusted Profit Exceeded Market Expectations

Joules Group PLC said on Wednesday that its fiscal year 2021 revenue grew 4% despite the coronavirus pandemic and that adjusted profit before taxes and exceptionals is expected to slightly exceed market expectations.

1Spatial says order levels have increased in fiscal 2022 to date

1Spatial PLC said on Wednesday that the order levels for new sales in fiscal 2022 to date are higher than the previous year and that it is confident in the success of the year.

Vertu Motors Improves Advice Given Strength of Used Car Market

Vertu Motors PLC said on Wednesday it expects adjusted full-year earnings to exceed expectations in a tough used car market environment.

Liontrust’s pre-tax profit for fiscal year 2021 up

Liontrust Asset Management PLC said on Wednesday that fiscal 2021 profit and pre-tax income has increased, has strong momentum and is well positioned to continue to grow.

Vector Capital raises £ 1.5million to increase lending power

Vector Capital PLC said on Wednesday it had raised 1.5 million pounds ($ 2.1 million) through a stock offering that will increase the company’s lending power to meet the group’s loan demand.

Amala Foods to extend its loan; Sees performance indicators on target

Amala Foods PLC said on Wednesday it has agreed to extend a loan until the first quarter of 2022 and that performance indicators remain on target, as the company prepares to complete research and development for several products at herbal.

Harbor Energy sees 2021 production at lower end of benchmark range

Harbor Energy PLC said on Wednesday it expects annual production to be at the lower end of its forecast range, reflecting maintenance schedules and unplanned outages.

Capital Ltd. founder Brian Rudd to sell 3 million shares

Capital Ltd. Founder and chief executive Brian Rudd said on Wednesday was selling three million shares of the company through a book-making program.

TouchStar Says Performance To Date Has Been Better Than Expected

TouchStar PLC said on Wednesday that its year-to-date performance has exceeded expectations, thanks to rising revenues, increasing margins and tight cost management.

Directa Plus sees its revenue growth persist for 1 hour

Directa Plus PLC said on Wednesday that a strong increase in revenue at the start of 2021 was maintained throughout the first half of the year and was trading in line with market expectations.

Plaza Centers to stop registrations in London, Tel Aviv; Decline in shares

Shares of Plaza Centers NV plunged Wednesday morning after the company announced that its listings in London and Tel Aviv would be suspended from June 25.

Marlowe shifts to pre-tax loss for fiscal 2021 on higher costs

Marlowe PLC said on Wednesday it fell to a pre-tax loss for fiscal 2021 after recording higher costs, but started fiscal 2022 well.

Workspace appoints Paul Hewlett as Executive Director

Workspace Group PLC announced on Wednesday that it has appointed Paul Hewlett as executive director of strategy and business development.

Manolete Partners’ profits fell in fiscal 2021; appoints a new president

Manolete Partners PLC on Wednesday reported declining profits for fiscal 2021 and appointed Howard Leigh president-elect.

Synthomer appoints Michael Willome as CEO

Synthomer PLC announced on Wednesday that it has appointed Michael Willome as its next CEO, succeeding Calum MacLean effective November 1.

Investment firm Literacy Capital PLC plans float in London

Investment firm Literacy Capital PLC said on Wednesday that it plans to enter the main market of the London Stock Exchange, with admission expected to take place on Friday.

Transglobe Energy production in the 2nd quarter increased by one quarter

Transglobe Energy Corp. said on Wednesday that second-quarter production had increased quarter-on-quarter due to well optimization activities in Egypt, full oil production from the Lower Bahariya Reservoir in Egypt, and a return to production in Egypt. Canada.

Dignity Says Underlying 21-Week Profit Dip Over Year

Dignity PLC said on Wednesday that underlying profit for the 21 weeks ended May 21 was slightly lower than for the same period a year earlier.

 
Market Talk: 

Market seen neglecting the strengths of UK networks and communications actions

0936 GMT – Spirent Communications, dotDigital Group and Centralnic Group occupy leading positions in niche and highly technical markets, but are often overlooked by the market, says Berenberg. Testing, assurance and analytics service provider Spirent has become much less cyclical in the 2015-20 period, marketing automation software company dotDigital is expected to benefit from continued favorable winds, and name provider Internet domain name Centralnic can accelerate its revenue growth through its online marketing. companies, says the brokerage. “We believe that the three stocks are often overlooked because they are seen as cyclical, too expensive or too small,” said Berenberg, starting hedging the three stocks with buy recommendations. ([email protected])

Anglo American Cycle 5 sales exceeded expectations

0918 GMT – Shares of Anglo American are up 1.6% after announcing De Beers rough diamond sales for the fifth cycle of the year. The diamond company achieved sales of $ 470 million between June 7 and June 22, compared to $ 450 million expected by Citi. “The increase reflects improving market fundamentals and demand driven by restocking,” the bank said. Cumulative sales of $ 2.5 billion in the first five cycles of 2021 are more than double that of the first half of 2020 and are in the range of $ 2.5 billion to $ 3.0 billion seen in 2017-19 for the period, notes Citi. ([email protected])

UK activity growth maintains strong momentum in June

08:53 GMT – The UK’s private sector continued to grow at a strong pace in June as demand increased as the economy continued to reopen, according to data from IHS Markit. The preliminary composite PMI index stood at 61.7 in June, up from a record 62.9 in May. Growth in manufacturing and service sector activity slowed somewhat compared to the previous month, but remained at high levels. “There are some signs that the rate of expansion appears to have peaked as production and new order growth slowed slightly from May’s record performance, but full order books and further easing of orders. Virus restrictions should nevertheless help ensure that growth remains strong as we get through the summer, ”said Chris Williamson, chief economist at IHS Markit. ([email protected])

Liontrust’s management fee outperformance looks set to continue

0842 GMT – Liontrust Asset Management’s management fee earnings exceeded expectations thanks to lower costs, with an EBIT margin of 41% for fiscal 2021, according to Numis. Although this result has been artificially biased upwards, the UK brokerage firm expects the management fee operating margin to continue to rise. “We nevertheless believe that a portion of the higher than expected management expense operating margin will persist compared to our previous expectations, probably in the very high percentage of 30s compared to 30 previously, reflecting operational efficiency”, he indicates. Numis has an additional rating on the stock with a target price of 1,900 pence. ([email protected])

Joules’ future looks bright as he continues to evolve

0829 GMT – UK clothing and housewares company Joules has a very positive outlook as it continues to integrate its omnichannel model, diversifying and increasing its revenue streams and evolving into a true lifestyle brand, has declared Liberum. Joules looks particularly well positioned in the short term given his family orientation and lifestyle locations in light of the “staycation” trend playing out this summer, according to the brokerage. In the long term, the company’s position has been encouragingly strengthened in recent years, thanks to its enhanced platform and digital capabilities and its evolution into a premium brand supported by strong growth. of its online marketplace and recent acquisitions, Liberum said. Liberum reiterates its buy note and its target price of 400.0 pence on the share. ([email protected])

BOE could recognize inflation risks

(MORE TO FOLLOW) Dow Jones Newswires

June 23, 2021 06:07 ET (10:07 GMT)

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