0920 gmt  the ftse 100 index drops 03 or 26 points to 7904 as paper and packaging companies and miners fall after sector results ds smith smurfit kappa and mondi lose ground after mondi reported in fullyear results what goodbody described as a cautious outlook miners antofagasta anglo american bhp and rio tinto are also among the biggest bluechip losers after anglo reported lower annual revenue and profit bae systems shares retreat 3 after the arms groups fullyear results fell short of hopes among the risers jetengine maker rollsroyce gains 15 after flagging a strategic review and advertising marketing and public relations firm wpp advances 4 after announcing higher annual revenue and profit philipwallerwsjcom anglo american plc said thursday that net profit for 2022 fell dragged by higher energy costs and lower prices wpp plc said thursday that pretax profit and revenue rose in 2022 after strong performance across its major agencies mondi plc on thursday posted a rise in pretax profit for 2022 boosted by higher average selling prices which more than offset higher energy and wood costs and said it still sees an environment of softer demand and pricing in 2023 rollsroyce holdings plc said thursday that its pretax loss widened for 2022 widened and that a strategic review is underway to identify investment priorities bae systems plc said thursday that pretax profit fell for 2022 and missed consensus after booking higher costs howden joinery group plc said thursday that pretax profit rose for fiscal 2022 on higher revenue and launched a 50 million pound 602 million share buyback hays 1h pretax profit fell on higher costs ceo to step down hays plc said thursday that pretax profit fell in the first half of fiscal 2023 on higher costs as net fees hit a record high despite the challenging backdrop and that chief executive officer alistair cox will step down drax group plc said thursday that pretax profit fell for 2022 after booking a loss on derivative contracts and that it expects inflation to remain a headwind in 2023 hikma pharmaceuticals plc on thursday reported a more than halved 2022 net profit missing a market consensus due to a 49 fall in core operating profit in its generics business and high inflation morgan sindall group plc said thursday that its 2022 pretax profit declined on year after booking a building safetyrelated charge in its accounts and on rising costs due to inflationary pressure amigo holdings plc reported on thursday a swing to a pretax loss for the first nine months of fiscal 2023 on the continuing runoff of the legacy loan book and limited new lending during the period as customer numbers more than halved arbuthnot banking group plc said thursday that it expects 2022 pretax profit to beat market expectations as it traded well in the fourth quarter and benefited from higher interest rates hikma pharmaceuticals plc on thursday reported a significant fall in 2022 net profit missing a market consensus due to a 49 decline in core operating profit in its generics business and high inflation made tech swung to pretax loss on higher costs sees fy 2023 in line with views made tech group plc reported on thursday a swing to pretax loss for the first half of fiscal 2023 on the back of increased costs despite nearly doubling its revenue but said that it remains on track to meet fullyear performance in line with market expectations shares in rollsroyce holdings plc jumped 16 on thursday after the company said that a strategic review is underway to identify investment priorities and that its pretax loss for 2022 widened shares in redx pharma plc rose in early trading thursday after it said it and jounce therapeutics inc have agreed to merge and that their highest priority will be the development of rxc007 its lung disease drug candidate tt electronics plc said thursday that it expects 2022 adjusted pretax profit to be in the upper end of a companycompiled analyst forecast range of 365 million pounds to gbp394 million 44 million475 million spectris plc on thursday reported a fall in 2022 pretax profit on the back of higher costs and despite revenue rising on marketshare gains volume growth and pricing invinity to increase size of gbp16 mln placing on high demand invinity energy systems plc said thursday that it will increase the size of the placing announced late wednesday in response to demand after it was oversubscribed shares in anglo asian mining plc fell 77 thursday after the company guided for lower overall production for 2023 as it shifts its focus to copper production with the opening of new mines and increased capacity at its flotation plant shares in rollsroyce holdings plc jumped 18 on thursday after the company said that a strategic review is underway to identify investment priorities and that its pretax loss for 2022 widened system1 group plc shares rose on thursday after the group said that gross margin for the third quarter improved despite a revenue fall n brown group plc said thursday that it has appointed dominic appleton as chief financial officer designate with effect from march 1 replacing rachel izzard shares in genus plc rose 14 on thursday after the company backed its outlook for 2023 and posted a fall in halfyear pretax profit but a rise in the adjusted figure igas energy plc said thursday that 2022 net production was in line with expectations and averaged 1898 barrels of oil equivalent per day despite being hit by an equipment failure caused by supplychain issues in the first half pollen street plc on thursday said that it closed the fourth quarter with higher total assets under management and announced a 160 pence a share dividend for the period