Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

FTSE 100 Seen Opening Higher, BOE Awaited

09/23/2021 | 03:07am EDT

London Stocks Seen Opening Higher, BOE Awaited

The FTSE 100 index is expected to open 46 points higher, according to IG, having closed on Wednesday at 7083.37, with sentiment boosted by easing concerns about a possible collapse of China's Evergrande after reports of a possible restructuring. Markets are set to shrug off an upbeat announcement Wednesday from the Federal Reserve, which signaled it could start tapering asset purchases in November and that interest rates could start to rise next year. The announcement "was easily digested in equity markets," says UniCredit. Focus now turns to a Bank of England announcement at 1100 GMT, while preliminary purchasing managers' surveys for the U.K. and eurozone will also be watched. Among individual stocks, Reckitt Benckiser, Royal Mail and Mitchells & Butlers will be in focus after earnings updates.

Companies News: 

Royal Mail Sees 1H Adj Operating Profit GBP395 Mln-GBP400 Mln

Royal Mail PLC said Thursday that its adjusted operating profit for the first half ending Sept. 30 is expected to be between 395 million and 400 million pounds ($537.9 million-$544.7 million).


Fuller Smith & Turner Says Managed Comparative Sales to Sept. 18 at 86% of 2019's Levels

Fuller Smith & Turner PLC said on Thursday that managed like-for-like sales for the seven weeks to Sept. 18 stood at 86% of 2019 levels.


Investec Says 1H Adjusted Operating Pretax Profit to Rise; Five-Month Performance Was Strong

Investec PLC said Thursday that adjusted operating profit for the first half of the year is expected to be ahead of the year-earlier period, and said that its performance for the five months ended Aug. 31 was strong.


Harbour Energy Posts 1H Profit, Reaffirms 2021 Guidance

Harbour Energy PLC on Thursday reported a profit for the first half and reiterated full-year production guidance.


DFS Furniture Swung to FY 2021 Pretax Profit; Reinstates Dividend

DFS Furniture PLC said Thursday that it swung to fiscal 2021 pretax profit as revenue rose, and that it was reinstating dividends.


Union Jack Oil Raises GBP3 Mln to Progress Wressle, Biscathorpe Projects

Union Jack Oil PLC said Thursday that it has raised 3 million pounds ($4.1 million) via a share issue to fund its Wressle and Biscathorpe projects in the U.K.


finnCap Says Revenue Is Trending Above Views, Backs FY 2022 Outlook

finnCap Group PLC said Thursday that its performance in the second quarter of fiscal 2022 has been strong, and that its overall revenue is currently slightly above the top end of full-year revenue expectations.


IOG PLC to Raise GBP8.5 Mln to Fund Share of Kelham Drilling

IOG PLC said Thursday that it is raising 8.5 million pounds ($11.6 million) via a share placing and subscription and will use the money to fund its share of drilling at the Kelham North and Kelham Central prospects in license P2442.

Market Talk: 

Rolls-Royce to Benefit From U.S. Reopening

For Rolls-Royce, the U.S. deciding to open its borders to vaccinated individuals will help perpetuate positive trends in engine flying hours into the first half of 2022 and beyond, Berenberg says. International travel is slowly improving and an uptick from November is expected as U.S.--which represented 10% to 15% of flying hours prepandemic--long-haul capacity reactivates, it says. "The bridge from operating profit to cash is still complicated and concerns in regards to the quality of profit recognized on long-term contracts will probably linger, rightly or wrongly. However, if Rolls-Royce can demonstrate a path to mid-teens margins by the middle of the decade, we expect the shares to rate higher," Berenberg says. Berenberg rates the stock at a buy and raises its price target to 160 pence from 150 pence.

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com

(END) Dow Jones Newswires

09-23-21 0306ET

Latest news "Economy & Forex"
05:41pSTELLANTIS N : Michigan judge tosses GM lawsuit against Fiat Chrysler
04:47pUk government to fund new nuclear power station as part of net zero drive - the telegraph
04:47pUK to fund new nuclear power station as part of net zero drive - The Telegraph
03:26pU.s. cdc says as of october 17 10,461,286 people received a booster dose for covid-19 vaccine since august 13, 2021
03:26pU.S. CDC Says Administered 408,265,959 Doses Of Covid-19 Vaccine As Of Oct 17
03:25pU.s. cdc says 189,141,481 individuals have been fully vaccinated against covid-19 as of oct 17 versus 188,902,483 individuals as of oct 16
03:25pU.s. cdc says 218,805,579 individuals have received at least one dose of covid-19 vaccine as of oct 17 versus 218,562,924 individuals as of oct 16
03:24pU.s. cdc says administered 408,265,959 doses of covid-19 vaccine as of oct 17 versus 407,446,961 doses administered as of oct 16
03:02pPRESIDENCY OF REPUBLIC OF TURKEY : President Erdoğan in Angola
02:39pU.S. Coast Guard boards ship in connection with California oil spill
Latest news "Economy & Forex"