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

London Shares to Open Broadly Flat After Asia, US Losses

07/28/2021 | 03:05am EDT

FTSE 100 Set to Open Broadly Flat After Asia, US Losses

The FTSE 100 is expected to edge five points higher to 7001, according to CMC Markets, after mostly downbeat trading in Asia and a lower close on Wall Street Tuesday. Markets in mainland China, Japan and elsewhere fall, though Hong Kong's Hang Seng is higher, while the Dow Jones closed 0.2% lower. "As we look towards this morning's European open, last night's blockbuster tech results only appear to have offered a modest uplift after yesterday's declines, while Asia markets have continued to be buffeted by turmoil created by events in China and the regulatory environment there, as we look towards the Fed later," CMC's Michael Hewson says.

Companies News: 

Barclays 2Q Pretax Profit Rose Above Views, Pre-Pandemic Levels

Barclays PLC on Wednesday reported a significant rise in pretax profit for the second quarter, which surpassed market views and pre-pandemic levels.


ITV 1H Pretax Profit Recovered; Sees Encouraging Advertising Outlook

ITV PLC said Wednesday that first-half pretax profit rose sharply as revenue from advertising and its studios recovered from the hit caused by the coronavirus pandemic, and said it is encouraged by the advertising outlook for the coming months.


Metro Bank's 1H Pretax Loss Narrowed

Metro Bank PLC reported Wednesday a narrowed pretax loss for the first half of the year, in line with guidance.


Aston Martin Lagonda 2Q Loss Narrowed as Revenue Soared

Aston Martin Lagonda Global Holdings PLC on Wednesday reported a narrowed loss for the second quarter of 2021, as revenue was significantly higher than a year earlier.


St. James's Place Swung to 1H Pretax Profit

St. James's Place PLC said Wednesday that it swung to pretax profit for the first half and that it expects the rate of gross inflow growth in the second half to be around 20% despite strengthening comparatives in the latter part of the year.


Rio Tinto 1H Net Profit, Dividends Sharply Higher

SYDNEY--Rio Tinto PLC notched a $12.31 billion first-half net profit and more than tripled its midyear payout to shareholders, benefiting from a bull run in commodity prices that has stoked inflation expectations around the world.


Man Group 1H Pretax Profit Rose Significantly

Man Group PLC reported Wednesday a significant rise in pretax profit for the first half of 2021, achieving record-high funds under management in the period.


Staffline Sees 1H Revenue, Gross Profit Rise Ahead of Expectations

Staffline Group PLC said Wednesday that it expects to report first-half revenue and gross profit both rose ahead of its expectations on the back of strong trading.


Rathbone Brothers 1H Pretax Profit Rose

Rathbone Brothers PLC said Wednesday that pretax profit for the first half of the year rose, and that it has entered the second half in a robust position.

Market Talk: 

Sabre Insurance's 1H Performance Prompts Forecast Downgrades

0541 GMT - Sabre Insurance Group's first-half results were once again lacklustre as a weak top line put pressure on the expense ratio, Berenberg says. The FTSE 250 motor insurer's guidance for the current combined ratio--the proportion of revenue taken up by losses and expenses--of 70%-80% is also very stretched going into next year, Berenberg says. It is highly unlikely to materialize, the brokerage says. "Consensus estimates must come down materially and unfortunately this will lead to weak share price performance." Berenberg cuts its recommendation on the stock to sell from hold and lowers its target price to 224 pence from 257 pence.


BHP's Noront Offer Reflects Shift Toward Battery Commodities

0002 GMT - BHP's unexpected takeover offer for Noront Resources reflects BHP's desire to increase output of commodities used in batteries, says Macquarie. "The move to acquire Noront Resources is a surprise, although at just C$325 million, accounts for circa 0.1% of BHP's market capitalization," Macquarie says. Noront owns the Eagle's Nest nickel, copper and platinum group metals project, as well as other exploration assets. BHP's only nickel exposure is its Nickel West operation in Australia. "Given the comparatively small scale of Eagle's Nest, we suspect BHP's acquisition is more focused on Noront's substantial exploration tenement portfolio in the Ring of Fire," Macquarie says.

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

(END) Dow Jones Newswires

07-28-21 0304ET

Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.51% 0.7258 Delayed Quote.-5.16%
BARCLAYS PLC -0.12% 183.74 Delayed Quote.25.27%
BRITISH POUND / US DOLLAR (GBP/USD) -0.37% 1.36698 Delayed Quote.0.34%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.01% 0.7897 Delayed Quote.0.57%
DJ INDUSTRIAL 0.10% 34798 Delayed Quote.11.93%
EURO / US DOLLAR (EUR/USD) -0.18% 1.1718 Delayed Quote.-3.88%
FTSE 100 -0.38% 7051.48 Delayed Quote.9.56%
FTSE MID 250 INDEX -0.93% 23608.79 Delayed Quote.16.31%
HANG SENG -1.35% 24155.4 Real-time Quote.-11.29%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.01% 0.013548 Delayed Quote.-1.04%
ITV PLC -1.31% 109.6 Delayed Quote.2.62%
MAN GROUP PLC -0.86% 207.8 Delayed Quote.50.58%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.73% 0.7012 Delayed Quote.-1.60%
RIO TINTO PLC -0.57% 4830.5 Delayed Quote.-11.69%
STAFFLINE GROUP PLC -0.27% 73 Delayed Quote.64.69%
Latest news "Economy & Forex"
05:48pômy life has been turned upside down, it was a disruptive time for me,ö huawei cfo meng wanzhou says after canada court ends her extradition hearing
05:48p"every cloud has a silver lining... i will never forget all the good wishes i recieved from people around the world," meng says after being discharged
05:37pCuba starts to reopen economy as COVID-19 vaccine campaign races ahead
05:36pCanadian court discharges Huawei CFO Meng Wanzhou as U.S. extradition case ends
05:36pCanada justice ministry says meng wanzhou is free to leave canada
05:36pThe WSJ Dollar Index Rises 0.12% to 87.90 -- Data Talk
05:36pEuro Lost 0.05% to $1.1721 -- Data Talk
05:36pSterling Lost 0.45% to $1.3676 -- Data Talk
05:36pDollar Gains 0.68% to 110.74 Yen -- Data Talk
05:30pUtilities Up As Traders Hedge On Treasury Yield View -- Utilities Roundup
Latest news "Economy & Forex"