FTSE 100 Rises 0.7% Led by ITV

The FTSE 100 started the week up 0.7% with ITV topping the risers list. “Having started the day with gains, indices across Europe have held on to their bullishness throughout the session, with Friday’s nervousness being swept aside,” IG’s Chris Beauchamp said. ITV rose 2.5%, but the broadcaster’s gains may have been driven by the fact that it initially traded at a one-month low, which could have prompted bargain hunting, Michael Hewson from CMC Markets said. Experian and Intermediate Capital also saw their share prices increase more than 2.0%. On the red side, Rio Tinto appears to factor in recent weakness in iron ore prices. Shares in the Anglo-Australian miner also fell 1.3%.

 
Companies News: 

United Oil & Gas Lowers Production Guidance at Egyptian Oil Field; Shares Fall

United Oil & Gas PLC shares fell Monday after it said it has lowered its full-year production guidance for the Abu Sennan license in Egypt, as the proportion of water to oil increased in one field.

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Attraqt Appoints Tom Crawford as Chairman, Nick Habgood Steps Down

Attraqt Group PLC said Monday that it has appointed Tom Crawford as nonexecutive chairman with immediate effect, taking over from Nick Habgood.

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Randall & Quilter Swung to 1H Pretax Loss

Randall & Quilter Investment Holdings Ltd. said Monday that it swung to a first-half pretax loss, and lowered its interim dividend.

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PCI-PAL’s Pretax Loss Narrowed in Fiscal 2021

PCI-PAL PLC said Monday that its fiscal 2021 pretax loss narrowed as revenue rose, and that it has had a strong start to fiscal 2022.

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Xpediator Names Mark Whiteling as Incoming Non-Executive Chairman

Xpediator PLC said Monday that it has appointed Mark Whiteling as nonexecutive chairman effective from Sept. 22, taking over from Alex Borrelli.

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City of London Group Agrees to Sell Milton Homes for GBP9.3 Mln

City of London Group PLC said Monday that it has agreed to sell Milton Homes Ltd. to Max Barney Investments Ltd. for a total consideration of 9.3 million pounds ($12.9 million).

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Goldman Sachs’s Petershill Plans London Listing

Goldman Sachs Group Inc.’s Petershill Partners said Monday it plans to list an investment vehicle on the London Stock Exchange, taking advantage of a sizzling market for private equity.

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Checkit Appoints New CFO as Aylsa Muir Steps Down

Checkit PLC said Monday that Chief Financial Officer Aylsa Muir has stepped down from the board to pursue opportunities outside the company, and that Greg Price has been appointed as her replacement with immediate effect.

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MD Medical Group Investments 1H Net Profit, Revenue Surge

MD Medical Group Investments PLC has posted higher net profit and revenue in the first half, helped by in-patient treatments and segments such as oncology, internal medicine, trauma and cardiology.

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Spectra Systems 1H Pretax Profit Rose

Spectra Systems Corp. said Monday that…