UKX FTSE 100 Index

FTSE 100 Led Higher by Energy Stocks as Oil Prices Rise

0750 GMT - The FTSE 100 gains 1.0% to 7241 points, led by energy stocks as oil prices rise on tight supply concerns. Harbour Energy, BP and Shell are the top performers on London's top tier index. Despite the possible dent in crude demand after cities in eastern China tightened Covid-19 restrictions, the "supply side of the equation remains tight, exacerbated by possible outages in Libya and shutdowns in Norway," Interactive Investor analyst Richard Hunter writes. The FTSE 100's rise follows mixed trading in Asia overnight while the U.S. stock market is closed for the Fourth of July holiday, which may reduce trading volumes. (renae.dyer@wsj.com)

 
Companies News: 

Palace Capital to Buy Back 2.3 Million Shares for Up to GBP7 Mln

Palace Capital PLC said Monday that it aims to buy back 2.3 million shares in the company for no more than 7 million pounds ($8.5 million).

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Sareum Holdings Says GSK Completes Acquisition of Sierra Oncology

Sareum Holdings PLC said on Monday that GSK PLC has completes the acquisition of Sierra Oncology for US$1.9 billion in cash and therefore will own Sareum's cancer treatment SRA737 license.

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Bigblu's 1H Revenue, Adjusted Ebitda Grew; Trading in Line with Views

Bigblu Broadband PLC said Monday that its performance for the first half of fiscal 2022 was marked by a rise in revenue and adjusted Ebitda, and that it has traded in line with views.

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Spirax-Sarco Engineering in Exclusive Talks to Buy Vulcanic for EUR261.7 Mln

Spirax-Sarco Engineering PLC said Monday that it is in exclusive talks to buy Vulcanic Group from French private equity company Qualium for 261.7 million euros ($272.8 million).

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Palace Capital Says it Will Focus on ESG Strategy, Will Dispose of Industrial Portfolio

Palace Capital PLC said Monday that it is changing its strategy and will refocus to environmental, social, and governance-driven operations.

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H&T Group Buys Swiss Time Services for GBP4.3 Mln

H&T Group PLC said Monday that it has acquired the watch servicing and repair center Swiss Time Services Ltd. for 4.3 million pounds ($5.2 million).

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Ex-KPMG boss Mary O'Connor joins insurer Howden to run new capital advisory business -- Financial News

Mary O'Connor was the first woman to lead a Big Four firm in the UK

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Grafton Group's CEO Gavin Slark to Leave by End 2022

Grafton Group PLC said Monday that its Chief Executive Gavin Slark intends to step down on Dec. 31.

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Porvair 1H Pretax Profit Rose, Sees Robust 2022

Porvair PLC said Monday that pretax profit and revenue for the first six months rose, driven by growth across all its divisions as it sees a strong 2022 performance.

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Providence Resources Appoints Alan Curran as Interim CEO

Providence Resources PLC said on Monday that it has appointed Alan Curran as Interim Chief Executive Officer with immediate effect.

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H&T Group Says 1H Lending Demand Gained Momentum

H&T Group PLC said Monday that demand for pledge lending in the first half continued to gain momentum, and that its lending volume was currently 40% above prepandemic levels.

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Omega Diagnostics Agrees to CD4 Business Sale; Shares Rise

Shares of Omega Diagnostics Group PLC rose 13% on Monday after the company said that it has agreed to the sale of its CD4 business, in line with the board's plan to focus on its higher-growth Health & Nutrition division.

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Strip Tinning Awarded Contract by BMW to Add $1.2 Mln to 2023 Revenue

Strip Tinning Holdings PLC said Monday that it has secured a new five-year nomination with BMW Industries Ltd. for its glazing division, which is expected to generate revenue for 2023 of around $1.2 million.

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

(END) Dow Jones Newswires

July 04, 2022 04:06 ET (08:06 GMT)

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