FTSE 100 Rises, Buoyed by Gains for Unilever, Oil Stocks - News Summed Up

FTSE 100 Rises, Buoyed by Gains for Unilever, Oil Stocks


FTSE 100 Rises, Buoyed by Gains for Unilever, Oil Stocks0914 GMT - The FTSE 100 index rises 0.3% to 7625.29, outperforming other European indexes. Heavyweight energy stocks are also boosted by strong gains in crude oil prices after an EU plan for a partial embargo on oil imports from Russia. However, B&M European Value Retail slides 8.4% after reporting mostly flat results for fiscal 2022 and warning of "unpredictable" trading patterns in the year ahead. As for fiscal 2022, Pennon reported results broadly in line with consensus, with dividend and net debt also as expected, she says. (Saabira.Chaudhuri@wsj.com)B&M European Value Retail Seen Facing Growth Headwinds in FY230802 GMT - B&M European Value Retail results for fiscal 2022, which ended on May 26, were broadly in line with views, RBC Capital Markets says in a note.


Source: Wall Street Journal May 31, 2022 12:14 UTC



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