FTSE 100 rises again despite political unrest in the UK

The FTSE 100 rose on Friday for the third straight day, gaining 0.1% despite a week of major political unrest in the UK. that the US economy added 372,000 jobs in June,” CMC Markets UK’s Michael Hewson said in a note. Fashion retailer JD Sports was among the best performers, with its shares closing up 2.2% after appointing Andy Higginson as the new chairman to replace Peter Cowgill.

 
Companies News: 

JD Sports Fashion names Andrew Higginson as president

JD Sports Fashion PLC announced on Friday that it has appointed Andrew Higginson as chairman.

Vistry’s 1H Beat Management Views; Sees 2022 in the high end of market views

Vistry Group PLC said on Friday that its first-half performance exceeded its initial expectations at the start of the year and that it expects to hit the high end of market forecasts for 2022.

EMIS Group sees first-half performance ahead of expectations

EMIS Group PLC said on Friday that the half year performance remained in line with the board’s expectations as it benefited from strong recurring revenue.

Live Company to buy outstanding 80% share of Start Art; to raise £0.6m

Live Company Group PLC announced on Friday that it is buying the remaining 80.06% stake in Start Art Global Ltd. for 4 million pounds (4.8 million dollars), which will be partly financed by a placement of shares.

Valuations of the Unite 2Q portfolio have increased; Reports strong sales performance

Unite Group PLC said on Friday that its portfolio valuations rose on a like-for-like basis in the second quarter and that it had posted strong sales performance so far for the 2022-2023 academic year.

Amigo transitioned to profit before tax in fiscal year 2022 after court ruling; Revenues have plummeted

Amigo Holdings PLC on Friday reported a return to pre-tax profit for the 2022 financial year after a court ruled in favor of its plan of arrangement to compensate customers, but noted a decline in revenue.

Litigation Capital Management Sees Growth in 2022 Results

Litigation Capital Management Ltd. said on Friday it expects to report increased revenue and adjusted operating profit for its fiscal year 2022 performance despite the delay in court systems.

HICL Infrastructure to raise funds via share issue

HICL Infrastructure Co. said on Friday it plans to raise funds through an equity issue that will be used for its investment pipeline and restore its 400 million pound ($481 million) revolving credit facility.

Science in Sport 1H Revenue increased but management views lacking

Science in Sport PLC said on Friday its first-half revenue rose about 12% year on year, less than expected.

Tekmar shares engineering contract hike for Japanese wind farm

Shares of Tekmar Group PLC rose on Friday after it announced it had been awarded a major new contract to provide an integrated engineering solution for an offshore wind project in Japan, for an undisclosed sum.

MGC Pharmaceuticals obtains approval for a study on the treatment of Covid-19 in South Africa

MGC Pharmaceuticals Ltd. said on Friday it had received study approvals and an import permit from the South African health regulator for its coronavirus treatment CimetrA.

 
Market Talk: 

UK Prime Minister’s resignation not the biggest factor in Pound’s performance

09:28 GMT – Boris Johnson’s departure as UK PM could offer more political stability, and the possibility of a friendlier route to the EU could support business investment, economist Julius Baer David Alexander says Meier in a research note. However, the current economic backdrop – with inflation expected to top 10% and a marked slowdown in economic growth – is a more dominant issue when it comes to the currency, he says. Politics is not a major player in the book’s direction, although it gained strength when news of Johnson’s resignation emerged. That only offset some of the losses of the past few days after recession angst pushed the dollar higher, Meier adds. GBP/USD falls 0.7% to 1.19. ([email protected])

 

Iofina secures funding and prices look good

08:53 GMT – Iofina has attractive new funding, giving it the flexibility to accelerate its growth plans and enabling optimal development of the IO#9 plant once agreements are finalized, finnCap said. The iodine producer’s production forecast for fiscal 2022 is lower than the UK investment bank’s forecast, having produced 234.0 metric tonnes of crystalline iodine in the first half, with expectations of 255 to 275 tonnes for the second semester. However, prices are more than making up for the shortfall – with spot prices topping $70 per kilogram – while iodine and derivatives fundamentals remain strong, finnCap analyst Jonathan Wright says in a research note. . FinnCap maintains its price target of 30.0 pence on Iofina shares. The shares are up 1.9% at 27.0 pence. ([email protected])

 

Contact: London NewsPlus; [email protected]

 

(END) Dow Jones Newswire

July 08, 2022 12:04 p.m. ET (4:04 p.m. GMT)

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

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