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FTSE 100 Makes Modest Gains But Fed Concerns Linger

FTSE 100 Rises Tentatively; Miners Fall

0757 GMT - The FTSE 100 index rises 0.4% to 7046.92, with sentiment helped by gains in U.S. equity indexes the previous day. Gains are limited, however, as equities continue to struggle for direction. Concerns linger about the U.S. Federal Reserve's plans to scale back asset purchases in coming months, even though recent softer U.S. inflation has meant this prospect looks unlikely to be imminent. "European markets are expected to start the day with small gains, but overall it looks like the back-and-forth movement of the past week remains the dominant theme," IG says. Travel stocks are among the main risers, with British Airways owner International Consolidated Airlines up 2.7%, though mining stocks fall. Focus later will center on the release of U.S. retail sales and jobless claims data at 1230 GMT. (jessica.fleetham@wsj.com)

 
Companies News: 

Ryanair Raises Five-Year Passenger Growth Forecast to 50%

Ryanair Holdings PLC on Thursday raised its five-year growth forecast to 225 million passengers by March 2026.

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Philip Morris Offer for Vectura Becomes Unconditional After Securing 75% Support

Philip Morris International Inc. said Thursday that its offer for Vectura Group PLC has become unconditional in all respects, after it secured support representing 74.77% of the U.K. inhaled-medicines company's share capital.

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Ashtead Group 1Q Pretax Profit Rose; Raises Guidance

Ashtead Group PLC said Thursday that pretax profit rose as revenue increased for the first quarter of fiscal 2022, and that the board expects results for the full year to be ahead of its earlier expectations.

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IG Group 1Q Revenue Rose 6% Driven by Tastytrade Acquisition

IG Group Holdings PLC said Thursday that its revenue grew in the first quarter of the fiscal year, driven by the acquisition of online brokerage Tastytrade.

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Games Workshop Declares 25p Dividend; Sees Performance In Line

Games Workshop Group PLC on Thursday declared a dividend of 25 pence (35 cents) a share and said performance in the three months to Aug. 29 was in line with expectations.

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Galliford Try Holdings Swung to FY 2021 Pretax Profit

Galliford Try Holdings PLC on Thursday reported a swing to a pretax profit for fiscal 2021 and said that it is well placed to deliver growth.

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THG's 1H Pretax Loss Widened

THG PLC reported on Thursday a significantly widened pretax loss for the first half of 2021 and said that the intended separation of its key trading divisions remains ahead of schedule.

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Chamberlin Expects to Restore Profitability in FY 2022, Shares Rise

Shares in Chamberlin PLC rose Thursday morning after the castings and engineering group said that it expects to return to profitability in the second half of the fiscal year.

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Enwell Energy 1H Profit Rose on Higher Production, Prices

Enwell Energy PLC on Thursday reported a significantly improved profit for the first half of the year, reflecting higher production and gas prices.

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Circassia 1H Pretax Loss Narrowed

Circassia Group PLC on Thursday reported a narrowed pretax loss for the first half of 2021, and said that business in July and August has been slightly above Ebitda break-even.

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Keystone Law Group 1H Pretax Profit Rose

Keystone Law Group PLC said Thursday that pretax profit rose for the first half of fiscal 2022 as revenue increased, and that it expects its performance for the year to be materially above market expectations.

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Clinigen Group's Pretax Profit More Than Doubled in FY 2021

Clinigen Group PLC on Thursday reported a more-than-doubled pretax profit on higher revenue for fiscal 2021.

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Brooks Macdonald FY 2021 Pretax Profit Rose

Brooks Macdonald Group PLC said on Thursday that pretax profit for fiscal 2021 rose as revenue increased, and that, with a strong pipeline and net flows expected to improve further over fiscal 2022, it was well-positioned to continue to deliver on its growth strategy.

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C&C Group Returned to Profitability in 1H FY 2022

C&C Group PLC said Thursday that it returned to profitability in the first half of fiscal 2022 and that it is partly insulated from the shortage of truck drivers in the U.K.

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Superdry FY 2021 Pretax Loss Narrowed; Optimistic on Mid Term

Superdry PLC said on Thursday that its pretax loss for fiscal 2021 narrowed thanks to lower costs, and that trading has been encouraging since the reopening of its stores.

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Kier Group Swung to FY 2021 Pretax Profit; Current Performance in Line With Views

Kier Group PLC said Thursday that it swung to a pretax profit for fiscal 2021 after booking lower costs, and that current performance was in line with the board's expectations.

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Market Talk: 

Surge in UK Breakeven Rates Drives Gilt Yields Higher

0737 GMT - Above-forecast inflation data in the U.K. triggered an increase in breakeven rates, a measure of market-based inflation expectations derived from the difference between nominal government bond yields and comparable inflation-linked yields, says UniCredit. Nominal government yields rose on both side of Atlantic, driven by an increase in breakeven rates triggered by higher-than-expected inflation data in the U.K., it says, adding that 10-year gilt breakeven rates increased by 9 basis points. (lorena.ruibal@wsj.com)

 

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

September 16, 2021 04:19 ET (08:19 GMT)

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