Home-improvement retailer group Kingfisher was the FTSE 100's worst performer on the back of weak third-quarter sales and another guidance cut. ---Johnson Matthey Hikes Views Despite Pretax Profit Slip on Lower Metal PricesJohnson Matthey raised its underlying performance guidance despite pretax profit falling on a decline in precious metal prices. ---Britvic Profit Fell on Higher Costs; Lifts DividendBritvic reported a fall on pretax profit for fiscal 2023 on the back of increased costs, but raised its dividend payout. ---Sage Group Pretax Profit Fell Despite Double-Digit Revenue GrowthSage Group reported a lower pretax profit for fiscal 2023 despite double-digit revenue growth, and outlined a share buyback program of up to 350 million pounds ($438.8 million). The Stoxx Europe 600 gains 0.4% and the DAX and CAC 40 advance about 0.5%, though the FTSE 100 trades flat ahead of the U.K. government's autumn budget statement.

Source: Wall Street Journal November 22, 2023 17:32 UTC