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London Shares Set to Fall After Downbeat Asia Trading

07/26/2021 | 01:00am EDT

FTSE 100 Set to Fall After Downbeat Asia Trading

The FTSE 100 is expected to open 27 points lower at 7000, according to CMC Markets, after a mostly downbeat trading session in Asia. Markets are firmly lower in mainland China, Hong Kong and South Korea, though higher in Japan. "Monday's European open looks set to be a soft one, with Asia markets starting the week mixed on the back of weakness in Chinese stocks, which have fallen sharply after a crackdown by China's regulators on its tech and education sector," CMC's Michael Hewson says. "The Nikkei, on the other hand is higher as it plays catch up after a two-day break at the end of last week," Hewson says.

Companies News: 

S4 Capital's MightyHive Combines With Destined to Expand in Asia

S4 Capital PLC said Monday that its MightyHive data and digital-media business is combining with Destined in a deal that expands its presence in Asia Pacific.


Countryside Properties to Buy Back Up to GBP52 Mln of Shares

Countryside Properties PLC said Monday that it will begin a buyback program, buying back an initial tranche of shares worth a maximum of 52 million pounds ($71.5 million) to reduce its surplus capital.


Journeo 1H Revenue Rises, Secures GBP800,000 Scottish Tender

Journeo PLC said on Monday that revenue rose for the first half, and that it has secured a tender valued at 800,000 pounds ($1.1 million) with Scotland's Aberdeenshire County Council.


Anglo American Platinum 1H Earnings Soared

Anglo American Platinum Ltd. on Monday reported that its earnings soared in the first half of the year, reflecting higher production and prices received.


TinyBuild on Track to Meet 2021 Expectations After In-Line 1H

Videogames company tinyBuild Inc. said Monday that it is on track to deliver results for 2021 at least in line with expectations after its first-half performance matched its views.


Cranswick's 1Q Revenue Rose

Cranswick PLC said Monday that revenue for the first quarter of fiscal 2022 was ahead of the year-earlier period.


Attraqt's 1H Revenue Performance Was in Line with Views

Attraqt Group PLC said Monday that its revenue performance for the first half of 2021 was in line with management expectations, adding that it continued to benefit from good momentum in capacity and product upsells.


Kanabo Group Agrees to Acquire Materia's European Businesses

Kanabo Group PLC said Monday that it has signed a non-binding term sheet with 11157353 Canada Corp., which trades as Materia, to acquire Materia's European businesses in an all-stock deal.


United Oil & Gas Says 1H Production Was Consistent With 2021 Guidance

United Oil & Gas PLC said Monday that its oil production increased in the first half, putting the company on track to meet full-year guidance.


Rockfire Resources Rises GBP1 Mln to Expand, Accelerate Drilling Program

Rockfire Resources PLC said Monday that it has raised 1 million pounds ($1.4 million) via a share placing and will use the money to expand and accelerate its drilling program.


XLMedia to Cut Workforce by Up to 15% Amid Reorganization

XLMedia PLC said Monday that it is accelerating an internal reorganization that is expected to lead to a workforce reduction of up to 15% and that it expects to report higher revenue and adjusted earnings for the first half.

Market Talk: 

Commodity Prices Driving Force for Rio Tinto Earnings, Payout

0016 GMT - Strong commodity prices, especially for iron ore, will be the driving force behind miner Rio Tinto's 1H earnings despite weaker-than-expected pockets of production in 2Q, says Macquarie. Rio is due to release its 1H results (reported in USD) after the Australian market closes on Wednesday. Macquarie tips an interim dividend of $4.62/share, versus last year's $1.55, and underlying net profit of $12.45 billion, up from $4.75 billion a year earlier. "Iron ore remains the dominant division, with a forecast divisional Ebitda and earnings contribution of 75% and 81%," Macquarie says.

Contact: London NewsPlus, Dow Jones Newswires; +44-20-7842-931

(END) Dow Jones Newswires

07-26-21 0300ET

Stocks mentioned in the article
ChangeLast1st jan.
ATTRAQT GROUP PLC 0.00% 42 Delayed Quote.10.53%
CRANSWICK PLC -2.15% 3736 Delayed Quote.6.42%
FTSE 100 -0.91% 6963.64 Delayed Quote.7.48%
KANABO GROUP PLC -1.37% 18 Delayed Quote.0.00%
LONDON BRENT OIL -0.38% 75.3 Delayed Quote.46.23%
NIKKEI 225 0.58% 30500.05 Real-time Quote.11.13%
RIO TINTO PLC -3.60% 4829.5 Delayed Quote.-11.71%
WTI -0.92% 71.894 Delayed Quote.50.62%
XLMEDIA PLC -0.93% 53.5 Delayed Quote.64.62%
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