FTSE 100 Rises as Ocado, Miners Gain; BP Falls

0923 GMT - The FTSE 100 Index rises 1.6%, or 114 points to 7209 as gains for Ocado and miners offset losses for BP. Ocado shares surge 37% after the online grocer and retail-technology specialist secured a deal for its warehousing-technology services from a retailer trading in South Korea. Miners Anglo American, Glencore, BHP, Antofagasta and Rio Tinto are among the biggest blue-chip risers as metal prices gain after upbeat trading in Asia markets. Still, BP drops 0.3% after the oil major reported lower third-quarter underlying replacement cost profit versus the second quarter, due to factors such as weaker refining margins. (philip.waller@wsj.com) 


 
Companies News:

Playtech CFO to Step Down for Personal Reasons; Successor Appointed

Playtech PLC said Tuesday that Chief Financial Officer Andrew Smith has decided to step down for personal reasons and that Chris McGinnis has been appointed as his successor.

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BP 3Q Profit Slipped on Quarter But Beat Views; Declares $2.5 Bln Buyback

BP PLC on Tuesday reported an on-quarter slip in third-quarter underlying replacement cost profit, but significantly outperformed expectations, and declared a further quarterly share buyback.

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Rentokil Initial 3Q Disinfection-Services Sales Fell; Revenue Rose

Rentokil Initial PLC said Tuesday that third-quarter sales from disinfection services fell, in line with the board's expectations, and that revenue rose 19% at actual exchange rates.

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Aston Martin Lagonda Global Appoints Two Nonexecutive Directors From Saudi Arabia's Public Investment Fund

Aston Martin Lagonda Global Holdings PLC said Tuesday that Ahmed Al-Subaey and Frederick Robertson have been appointed to the board as representative nonexecutive directors of Saudi Arabia's Public Investment Fund, effective Nov. 1.

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Fulham Shore 1H Performance in Line Despite Market Challenges

Fulham Shore PLC said Tuesday that its first-half performance was in line with management expectations despite the challenging political and macroeconomic environment.

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TP ICAP 3Q Revenue Rose as Global Broking Benefited From Market Conditions

TP ICAP Group PLC said Tuesday that revenue rose in the third quarter as it benefited from favorable market conditions in Global Broking, its most profitable business, and that its performance was in line with the board's expectations.

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Westminster Group Sees Fall in 2022 Revenue, Pretax Loss Due to Project Delay

Westminster Group PLC said Tuesday that it expects to report a fall in revenue for the year and subsequent pretax loss, blaming a delay to a multimillion pound technology project in the Middle East and North Africa region.

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IWG Saw Strong 3Q Revenue Growth; Expects 2022 Ebitda at Lower End of Views

IWG PLC said Tuesday that it saw strong revenue growth, margin improvement and underlying cash generation in the third quarter, and it expects full-year earnings before interest, taxes, depreciation and amortization at the lower end of the range of market views.

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Made.com Shares Suspended as Company Expects to Be Wound Up

Made.com Group PLC said Tuesday that its shares have been suspended, and that it expects its listing to cancelled and the company to be wound up.


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

(END) Dow Jones Newswires

11-01-22 0555ET