London Stocks Seen Opening Slightly Lower
0644 GMT - The FTSE 100 index is expected to open 20.3 points lower, according to IG, compared with Monday's close of 7068.43, as concerns about rising inflation amid slowing growth continue to dampen sentiment. U.S. inflation data will be closely watched at 1230 GMT, followed by U.K. inflation figures on Wednesday. "There is always room for a positive surprise in inflation figures as we are not done worrying about the global chip shortage, the slow logistics, firm energy and commodity prices, rising wages and rising Covid worries," says Ipek Ozkardeskaya, senior analyst at Swissquote. Online retailer Ocado and sports retailer JD Sports will be in focus after trading updates. (email@example.com)
Elliott Investment Management Pushing for Breakup of SSE -Bloomberg
--Paul Singer's Elliott Investment Management is pushing for a breakup of SSE PLC, Bloomberg reports, citing people with knowledge of the matter.
Bunzl Agrees to Acquire US Safety Business, Australian Healthcare Distributor
Bunzl PLC said Tuesday that it has agreed to acquire a U.S.-based safety business and a medical-supplies distributor operating in Australia and Singapore for undisclosed amounts.
Ocado Group's 3Q Ocado Retail Revenue Fell
Ocado Group PLC said Tuesday that revenue from its joint venture Ocado Retail declined in the third quarter of fiscal 2021, and that the latest seven weeks of the period were hit by the orders lost in a fire at its customer fulfillment center in Erith, England, in July.
JD Sports Posts Record-High 1H Earnings, Sees 2021 Headline Pretax Profit of at Least GBP750 Mln
JD Sports Fashion PLC said Tuesday that its first-half profits rose to record-high levels, and that it expects to achieve a headline pretax profit of at least 750 million pounds ($1.04 billion) for the whole of 2021.
Petra Diamonds FY 2021 Adjusted Ebitda Doubled
Petra Diamonds Ltd. on Tuesday reported that its adjusted earnings doubled in the fiscal year, but missed market expectations.
Staffline's 1H Pretax Loss Narrowed Materially
Staffline Group PLC on Tuesday reported a significantly narrowed pretax loss for the first half of the year after cutting costs and benefiting from a solid performance by all of its three divisions in the period.
M.J. Gleeson FY 2021 Pretax Profit Rose Significantly
M.J. Gleeson PLC on Tuesday reported a significant rise in pretax profit for fiscal 2021 despite the pressures affecting the supply of materials and labor within the industry.
Clayton Dubilier & Rice Reaches Agreement With Morrisons Pension Trustees
Clayton Dubilier & Rice LLP said Tuesday that it had reached an agreement with the trustees of the pension plans of Wm. Morrison Supermarkets PLC, strengthening its position in a potential bidding war for the U.K. supermarket chain.
Trainline Expects Return to Profitability in 1H 2022
Trainline PLC said Tuesday that it expects to return to profitability for the first half of fiscal 2022, and that revenue and net ticket sales increased over the period as Covid-19 restrictions eased.
Chemring Sees FY 2021 Earnings in Line With Market Expectations
Chemring Group PLC said Tuesday that its performance for the year ending Oct. 31 is in line with market expectations.
BP Hires Former RWE Renewables CEO to Lead Green Transformation
BP PLC said Tuesday that it has appointed Anja-Isabel Dotzenrath as executive vice president for the gas and lower carbon energy division.
Made.com Group 1H Pretax Loss Narrowed, Backs Guidance
Made.com Group PLC said Tuesday that its pretax loss narrowed for the first half as revenue increased, and backed its guidance for the year.
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(END) Dow Jones Newswires