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FTSE 100 to Open Lower After GDP Data Miss Forecasts

10/13/2021 | 01:13am EST

FTSE 100 to Open Lower After UK GDP Data Miss Forecasts

0647 GMT - The FTSE 100 is seen opening lower as traders react to U.K. economic growth data and await U.S. inflation figures and the minutes of the last Federal Reserve meeting later. Spreadbetter IG sees the London index starting down 17 points. The U.K. economy grew 0.4% month-on-month in August, according to the Office for National Statistics. Economists polled by the WSJ expected 0.6% growth. U.S. inflation data are due at 1230 GMT and the Fed's minutes are at 1800 GMT. "The Federal Reserve is much more concerned about higher levels of inflation than they were a few months ago, and this week's minutes should give us an indication of how high this level of concern is," CMC Markets analyst Michael Hewson says. (renae.dyer@wsj.com)

 
Companies News: 

NatWest Pledges $136 Bln Climate and Sustainable Funding and Financing by 2025

NatWest Group PLC on Wednesday pledged to provide 100 billion pounds ($135.88 billion) of climate and sustainable funding and financing, or CSFF, by the end of 2025.

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Barratt Developments' 1Q Forward Sales Rose, New CFO Incoming

Barratt Developments PLC said Wednesday that total forward sales rose 7.9% at the start of fiscal 2022, and named a new chief financial officer.

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Centrica Says Performance in Line With Views; Well Hedged for Winter and Beyond

Centrica PLC said Wednesday that performance since July has been in line with expectations, and that it is well hedged for the coming winter and beyond.

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THG PLC Knows No Reason for Share-Price Fall

THG PLC said Wednesday that it doesn't know of any reason for the recent fall in its share price.

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Darktrace 1Q Revenue Rose; Slightly Raises Full-Year Revenue Forecast

Darktrace PLC on Wednesday reported strong sales performance and improved revenue in its first quarter, and broadly reiterated its full-year guidance, though with slightly improved revenue expectations.

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Marston's FY 2021 Pub Sales Slipped; Returned to Growth in Final Quarter

Marston's PLC said Wednesday that overall pub sales in fiscal 2021 fell due to significant coronavirus pandemic-driven disruption, but returned to growth in the final quarter.

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Rainbow Rare Earths to Raise GBP6.4 Mln via Premium-Priced Share Placing

Rainbow Rare Earths Ltd. said Wednesday that it is planning to raise 6.4 million pounds ($8.7 million) via a share placing and will use the money towards the Phalaborwa and Gakara projects, as well as to repay a loan.

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Man Group's Funds Under Management Rose in 3Q

Man Group PLC said Wednesday that funds under management at the end of the third quarter were 3.1% higher than at the end of the second quarter, and that the board sees positive momentum carrying over into the fourth quarter.

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Kerry Group Targets 4%-6% Revenue Volume Growth in 2022-2026

Kerry Group PLC said Wednesday that it has updated its average revenue volume growth target to 4%-6% for 2022-2026.

Contact: London NewsPlus, paul.larkins@wsj.com

(END) Dow Jones Newswires

10-13-21 0313ET

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