The FTSE 100 closed up 0.35% Wednesday--breaking a two-trading day losing streak--as U.K. inflation fell to 3.2%, its lowest level since September 2021, and slightly ahead of expectations. "While it is yet to reach a new all-time high in 2024, unlike headline stock indices in America, Australia, Canada, France, Germany and Taiwan... the FTSE 100 is again flirting with the 8,000 mark and sits tantalizingly close to the peaks reached in February 2023," AJ Bell analyst Russ Mould said in a note. Anglo American, Fresnillo and Antofagasta were the session's highest risers, up 3.5%, 2.9% and 2.8% respectively. Segro led the fallers and was down 2%, followed by Phoenix Group and Sage Group, down 1.8% and 1.7% respectively.


Vodafone Group Appoints Marika Auramo as Chief of Vodafone Business

Vodafone Group named Marika Auramo as Chief Executive Officer of Vodafone Business to replace Giorgio Migliarina with effect from July 1.


B&M Expects Earnings at Top End of Guidance After Robust Revenue Increase

B&M European Value Retail said it expects adjusted earnings for fiscal 2024 to come in at the top end of its guidance range following a double digit percentage sales increase.


International Paper to Buy DS Smith for $7.22 Billion in All-Share Deal

International Paper agreed to buy London-listed peer DS Smith for 5.8 billion pounds ($7.22 billion) in shares and said that it will seek a secondary listing on the London stock exchange upon completion.


QinetiQ on Track to Meet Views, CFO Steps Down

QinetiQ Group said it is on track to meet expectations for its fiscal year, and that its finance chief Carol Borg will step down, to be replaced by Martin Cooper.


Ninety One's Assets Under Management Fall

Ninety One said its assets under management are down on year, without disclosing further details.


Robert Walters Net Fee Income Falls on Challenging Demand Environment

Robert Walters reported a lower net fee income in the first quarter amid a challenging labor demand environment.

--- Revenue Rises, Boosted By Insurance Growth reported higher revenue for the first quarter boosted by sustained growth in insurance and continues to anticipate adjusted earnings in line with market expectations.


Hollywood Bowl Revenue Rises, Says It is Confident on Full-Year Outlook

Hollywood Bowl Group said its first-half revenue rose 8.1% on year, and that it is confident in its outlook for the full fiscal 2024.


DP Poland Raises GBP1 Mln to Progress Growth Plans

DP Poland raised gross proceeds of 1 million pounds ($1.2 million) following a retail offer, part of wider fundraising to advance its growth strategy.


Wise PLC Beats Income Guidance on Higher Interest Rates, Customer Growth

Wise PLC beat its income guidance for its fiscal year after fourth quarter results were boosted by continued benefits of higher interest rates and customer growth.


TClarke Gets GBP90.6 Mln Takeover Offer From Regent, Shares Rise

Gas and metering services supplier Wider Regent Group is offering to buy TClarke in a deal valuing the U.K. building-services group at 90.6 million pounds ($112.8 million), sending its shares higher to meet the offer's premium.


Plus500's Earnings, Revenue Rise Boosted by Expansion Strategy

Plus500's revenue and earnings rose for the first quarter, driven by its expansion strategy and customer growth.


Superdry Outlines Restructuring Plans, Equity Raise to Avoid Administration

Superdry outlined restructuring plans as the embattled retailer seeks to avoid entering into administration, alongside an equity raise to provide financial headroom.


Hostmore in Talks to Buy TGI Fridays for GBP177 Mln

Hostmore said it has agreed on a preliminary basis to buy TGI Fridays for 177 million pounds ($220.3 million) in a reverse takeover.


Everyman Pretax Loss Widens Despite Higher Revenue

Everyman Media Group PLC said its 2023 pretax loss widened, despite posting a higher revenue.


X5 Retail Group Sales Rise as It Expands Selling Space

X5 Retail Group said that net sales for the first quarter rose as the group increased its selling space.


Dr. Martens Shares Tumble as Bootmaker Warns of Tough Year, CEO Plans to Step Down

Dr. Martens shares plummeted after the iconic British footwear and clothing brand said Chief Executive Officer Kenny Wilson plans to step down and warned of a challenging year ahead.


Hays Net Fees Fall in All Markets Due to Challenging Environment

Hays reported a decline in net fees across all regions for the third quarter due to a challenging environment, and said near-term conditions are set to remain similar.


Nigeria Urged to Reject Shell's Sale of Onshore Business

Amnesty International and others called on Nigeria's government to reject Shell's proposed sale of its Nigerian onshore oil subsidiary to guarantee rights of local communities.


Plus500 Could Boost Growth Through Acquisition Strategy

1159 GMT - Plus500 seems to have the resources to support bolt-on acquisitions that could lead to further growth, Jefferies analysts write in a research note. The online-trading platform operator delivered a robust first quarter performance with its key metrics all going in the right direction, the analysts say. Plus500 is an attractive stock with high profitability and generous distributions, they add. The U.S. bank expects full-year consensus estimates to rise and exceed market expectations of $670 million in revenue and $300 million in Ebitda. Shares are up 1.9% at 2016.00 pence. (

--- Expected to See Strong Demand, But Market Remains Competitive

1018 GMT - still remains within a competitive market, AJ Bell head of financial analysis Danni Hewson writes in a research note. "In this kind of environment there's a real need for people to make savings where they can and Moneysupermarket is heavily plugged into that trend," Hewson says. The U.K. price-comparison website delivered mixed results for the first quarter as its insurance division showed continued growth while its travel section didn't, she adds. However, Moneysupermarket's diversified model is a strength that should lead to strong demand, the U.K. brokerage says. Shares are down 0.6% at 219.00 pence. (


DS Smith's U.K. Investors Could Benefit From International Paper's London Listing Plan

1001 GMT - DS Smith's GBP5.8 billion takeover by International Paper is interesting to U.K. shareholders since they might not need to worry about owning foreign shares as the American company is looking at a secondary share listing on the London Stock Exchange, AJ Bell analyst Danni Hewson says. A U.S. company seeing value in having a London presence is a positive, despite the listing not qualifying for the FTSE 100, as it has recently seen a spate of departures in favor of New York such as TUI, Arm Holdings or CRH, Hewson says in a note. International Paper might have also realized that offering U.K.-listed stock would help get the takeover over the line since, historically, some share-based deals have failed because U.K. investors didn't want foreign stock, she says. (

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(END) Dow Jones Newswires

04-17-24 1255ET