Market News: FTSE 100 7523.07 +63.19 +0.85% FTSE 250 19908.02 +72.09 +0.36% FTSE AIM All-Share 958.56 +3.41 +0.36%
The FTSE 100 closed up after a rally in the oil and gas sector pushed the index higher.
Aberdeen Standard European's Pascal Duval to Step Down as Director and Chairman
Aberdeen Standard European Logistics Income PLC (ASLI.LN) said on Tuesday that Pascal Duval will step down as director and chairman on June 11 following the company's annual general meeting, and that Tony Roper will be taking over the chairman's role.
Angling Direct Had a Record Start to Year
Angling Direct PLC (ANG.LN) said Tuesday that it has had a record start to the year, with both stores and e-commerce generating robust sales growth.
British Land to Sell 12 Superstores From Sainsbury's JV
British Land Co. PLC (BLND.LN) said Tuesday that it has exchanged contracts on the sale of 12 superstores from its joint venture with J Sainsbury PLC (SBRY.LN) for 429 million pounds ($557.1 million).
FastJet Expects Wider 2018 Loss; 1Q 2019 Revenue Fell
Africa-focused airline FastJet PLC (FJET.LN) said Tuesday that it expects its 2018 operating loss for continuing operations to widen and that revenue in the first quarter of 2019 fell.
Ferrexpo Pretax Profit Falls as Costs Rise
Ferrexpo PLC (FXPO.LN) said Tuesday that pretax profit fell 13% in 2018 despite higher revenue as costs increased.
Franchise Brands Reports Record First Quarter
Franchise Brands PLC (FRAN.LN) said on Tuesday that its franchise Metro Rod has seen forward momentum in the first quarter of 2019, leading to a record quarter, and that its franchise support strategy is bearing fruit.
IronRidge Resources: Zaranou Gold Project Granted Exploration License
IronRidge Resources Ltd. (IRR.LN) said Tuesday that the Zaranou gold project in Ivory Coast--for which the company secured an acquisition right in February--has been granted an exploration license.
Trans-Siberian Gold Gets License for Rodnikova Gold Deposit
Trans-Siberian Gold PLC (TSG.LN) said Tuesday that it has received a license for the development and exploration of the Rodnikova deposit--one of the largest gold fields in South Kamchatka in Russia--for a tenure of 20 years.
Tau Capital Hasn't Agreed Reverse Takeover Within Timeframe; Trading Halted
Tau Capital PLC (TAU.LN) said Tuesday that trading in its shares will be suspended from 0630 GMT as it hasn't been able to complete a reverse takeover within the required timeframe.
STV Group Sees Five-Month Advertising Revenue Growth of Up to 2%
Scottish broadcaster STV Group PLC (STVG.LN) said Tuesday that it expects advertising revenue for the first five months of 2019 to grow by 1% to 2%, supported by a stronger-than-anticipated national advertising market.
Trump to Visit U.K., France in June
President Trump and First Lady Melania Trump will travel to the United Kingdom and France in June, the White House said Tuesday.
Mr. Trump, at the invitation of Queen Elizabeth II, will make a state visit to the U.K. on June 3-5 and will meet with Prime Minister Theresa May.
Investigators Link BT Senior Executives to Italian Accounting Scandal -Reuters
An investigation into an accounting scandal at BT Group PLC's Italian arm has found evidence of involvement of senior executives in inflating the unit's results, Reuters reports, citing emails seized by the police.
Investors Sell Back Sterling Options, Nomura Says
1227 GMT - With the U.K. being granted a six-month Brexit extension to Oct. 31, corporations and other foreign exchange market participants are getting rid of their sterling protection trades, says Julian Weiss, Nomura's head of forex flow options. Weiss says he had a busy week the week before last as his clients sold back sterling options to Nomura. Options are usually used by market participants to hedge against unexpected risks in the market.
For STV, Brexit May Now Be a Fall Issue: Peel Hunt
1112 GMT - Scottish broadcaster STV Group is benefiting from the Brexit delay, although uncertainty around the U.K.'s planned departure from the EU and advertiser behavior is now potentially an issue for the fall, Peel Hunt says. The company says total advertising revenue for the first five months of fiscal 2019 is expected to grow 1%-2%, mainly thanks to better-than-anticipated national advertising. "The deferral of Brexit may account for the near-term improved advertising behaviors but suggests upgrading full-year numbers might be premature," Peel Hunt says. Nevertheless, the more robust national advertising market in recent months is a pleasing development for STV, the brokerage says.
Contact: London NewsPlus, Dow Jones Newswires; +44-20-7842-9319
(END) Dow Jones Newswires
April 23, 2019 11:52 ET (15:52 GMT)