The FTSE 100 ended Monday slightly down 0.25% at 7,784, lifted by the consumer goods and oil-exposed sectors amid weaker trading in global markets as investors focus on central bank meetings this week, it said in a note IG Chief Market Analyst Chris Beauchamp. . “A look at the week’s calendar would be enough to deter all but the most hawkish investors from taking new positions, so it’s not surprising to see some of the recent rally fade,” he says. Among the index’s top performers, Sainsbury’s rose 4.1%, followed by Auto Trader and Kingfisher, up 2.8% and 2.6% respectively. On the other hand, the Asia-focused Standard Chartered bank ended the day with a 3.4% drop. Legal & General fell 1.8% after the insurer said CEO Nigel Wilson plans to step down from the board after 10 years in the role.
Companies News:
Unilever appoints Hein Schumacher as new CEO
Unilever PLC said on Monday it has named Hein Schumacher as its new chief executive, replacing Alan Jope who announced in September his plan to retire from the company.
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Shell will reduce the size of the executive committee to improve performance
Shell PLC said on Monday it will reduce its executive committee from nine to seven members to further simplify the organization and improve performance.
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Chief legal and general manager Nigel Wilson is to retire
Legal & General Group PLC said on Monday that chief executive Nigel Wilson plans to step down from the board after 10 years in the role and will begin a search for his replacement.
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Pre-tax profit for 2022 rose on record net fee performance
SThree PLC said on Monday that profit before tax for fiscal year 2022 increased after it recorded record net fee performance.
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The 888 CEO will step down from the role immediately
888 Holdings PLC said Monday that Chief Executive Officer Itai Pazner will step down from his position effective immediately.
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Finsbury Food buys Lees Foods for GBP 5.7M
Finsbury Food Group PLC said on Monday it has acquired confectionary maker Lees Foods Ltd. for 5.7 million pounds ($7.1 million) in cash.
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Capital and County Properties say that business conditions have been positive
Capital & Counties Properties PLC said on Monday that trading conditions across its Covent Garden estate have been positive over the past year, with Christmas-like customer sales exceeding pre-pandemic levels.
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Shaftesbury 1Q Occupier Levels Rose; Declares interim dividend
Shaftesbury PLC on Monday said its occupier turnover in the first quarter was 42% higher than last year when it was hit by the Omicron coronavirus variant and declared an interim dividend.
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888 Suspends some online activity while investigating compatibility
888 Holdings PLC said on Monday it has suspended VIP activities on some online marketplaces pending the outcome of an internal compliance investigation.
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Computacenter sees 2022 output just ahead of guidance
Computacenter PLC said on Monday it expects its 2022 performance to be slightly ahead of guidance after a strong fourth quarter, but expects inflationary pressures to continue in 2023.
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Civitas Social Housing sees continued rent growth in the third quarter
Civitas Social Housing PLC said on Monday that rents received continued to increase in the third quarter, with collections in line with expectations.
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Personal Group Revenue Growth 2022; See profitable growth in 2023
Personal Group Holdings PLC said Monday that revenue grew in 2022 and that it expects profitable growth in 2023.
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Unilever Taps Dairy Boss As New CEO — Update
By Peter Stiff
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Centralnic to report record revenue, market-beating profits for 2022
Centralnic Group PLC said on Monday it expects to report record revenue for 2022 and beat market forecasts, driven largely by growth in its online marketing segment.
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PD Eurasia expects to beat adjusted Ebitda views in 2022 following sales growth
DP Eurasia NV said on Monday it expects to beat revised core profit expectations for 2022 after reporting an increase in group system sales for the year.
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Impellam sees 2022 results ahead of outlook, declares special dividend after disposal
Impellam Group PLC said on Monday it sees 2022 results coming in ahead of expectations and is selling its regional specialist and healthcare staffing businesses, prompting it to declare another special dividend of 77.7 pence per share after complete the transaction.
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Sopheon will report market revenue for 2022, adjusted Ebitda
Sopheon PLC said on Monday it expects to report a rise in 2022 earnings and adjusted Ebitda and beat market forecasts.
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Inspired Energy Stocks Rise as 2022 Revenue, Ebitda Expected to Beat Forecasts
Shares of Inspired Energy PLC rose as much as 15% in early trade on Monday after the company said its 2022 revenue beat market expectations on a strong last half of the year and higher growth than expected in its optimization services.
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Norcro CEO to resign; Appointed Substitute
Norcros PLC said on Monday that chief executive Nick Kelsall has decided to retire after 30 years with the company and that Thomas Willcocks has been appointed as his successor.
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Lenta’s sales increased by 11% in 2022
Lenta PLC said on Monday that sales rose 11% annually in 2022, despite lower consumer confidence hurting fourth-quarter results.
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888 CFO to stay until end of 2023 after CEO exit, compliance investigations
888 Holdings PLC said on Monday that Chief Financial Officer Yariv Dafna has agreed to stay in his post until the end of 2023 instead of leaving on March 31.
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Kelso Group director resigns, appoints Nigel Knowles as non-executive chairman
Kelso Group Holdings PLC said on Monday that Adam Rhodes has resigned as a director with immediate effect and that it has appointed Nigel Knowles as non-executive chairman.
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Constance Iron to raise GBP 60mln in London IPO
Constance Iron Ltd. said on Monday it is considering a float on the London Stock Exchange’s main market and is aiming to raise about 60 million pounds ($74.4 million) through a share placement.
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Unilever Taps Dairy Boss As New CEO — Second Update
By Peter Stiff
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Trend: Unilever appoints Hein Schumacher as new CEO
1054 GMT – Unilever PLC is among the most talked about topics in the news over the past four hours, according to Factiva data, after the company named a new chief executive, a move that was welcomed by the market. The owner of Ben & Jerry’s ice cream and Dove soap has appointed Dutch dairy cooperative boss Hein Schumacher as CEO, replacing Alan Jope who is retiring. Unilever has weathered the economic turbulence quite well and the market has welcomed Schumacher’s appointment in the hope that he will help further steady the ship, says Hargreaves Lansdown. “He is the current CEO of Dutch dairy and food giant FrieslandCampina, so he will be seen as a safe pair of hands and a fresh injection of ideas for the company,” writes HL analyst Susannah Streeter. RBC Capital Markets analysts James Edwardes Jones and Emma Letheren say the company is seen as needing a cultural and organizational change, but it will likely be some time before any results materialize. “It typically takes about 18 months before we see evidence of improved execution and a re-rating of a consumer company’s stock,” they say in a research note. Shares traded 0.6% higher at 4,044.50 pence. Dow Jones & Co owns Factiva. ([email protected])
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Trinity Exploration & Production 2022 Production Meets Guidance– Energy Comment
Trinity Exploration & Production PLC on Monday reported slightly lower output for last year, in line with guidance. Here’s what the Trinidad and Tobago-focused oil company had to say:
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Braime Group appoints Carl and Alan Braime as joint CEOs, Nicholas Braime resigns
Braime Group PLC on Monday appointed Carl and Alan Braime as joint chief executives effective February 1, while Nicholas Braime steps down from the role.
Market Talk:
Fevertree faces significant complexity 2023 and beyond
1123 GMT – Fevertree Drinks is set for accumulating headwinds, with 2022 sales only cementing concerns, RBC Capital Markets analysts Emma Letheren and James Edwardes Jones said in a note. “Seven profit warnings and evidence of further cost headwinds to come prevent us from giving Fevertree the benefit of the doubt that glass costs are the last cost headwind it will face,” they say. Under industry contracts, the beverage company could also face temporary disruptions in the US market due to macroeconomic pressures, analysts added. RBC has an underperform rating on the stock and a price target of 800 pence. ([email protected])
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Insurance CEOs played musical chairs in January, says Berenberg
1139 GMT – Six European insurers in Berenberg’s coverage have announced a chief executive change so far this year. This shows that investors are more eager for results in a context of inflation that makes it more challenging for insurers to deliver, as well as a sharper focus on governance, analysts at the brokerage said in a note following the news that the CEO of Legal & General he is retiring. and Direct Line’s agreed to withdraw. “Six in one month is a lot, considering that in 2020-2022 there were only eight changes, an average of a little less than three per year,” they say. Looking at their track record, Berenberg concludes that change has generally been positive for relative stock performance, and particularly good when the appointee was a foreigner. ([email protected])
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888 has tricky waters to navigate after damaging news
(MORE TO INFLUENCE) Dow Jones Newswires
01-30-23 1201 ET
