London Stocks Seen Opening Higher; Fed in View
June 15 2021 - 3:06AM
Dow Jones News
London Stocks Seen Opening Higher
0647 GMT - The FTSE 100 index is expected to open 21 points
higher, according to IG, having closed Monday at 7146.68 as equity
markets continue to rise broadly albeit with traders cautious ahead
of Wednesday's U.S. Federal Reserve decision. News that the U.K.'s
planned reopening of the economy will be delayed by four weeks may
impact some stocks, although the impact is expected to be limited,
with most continuing to focus on economic recovery prospects. Data
released earlier showed the U.K. unemployment rate fell to 4.7% in
April, from 4.8% in March, in line with expectations. Oil stocks
are likely to benefit from a firmer oil price, while
industrial-equipment rental company Ashtead will be watched after
announcing full-year results and online fashion retailer Boohoo
after a trading update. (jessica.fleetham@wsj.com)
Companies News:
Ashtead FY 2021 Profit Fell, Declares Increased Dividend
Ashtead Group PLC on Tuesday reported a fall in profit for
fiscal 2021, and raised its dividend.
---
Boohoo 1Q Revenue Increased 32%; Reaffirms Full-Year
Guidance
Boohoo Group PLC said Tuesday that its revenue grew 32% in the
first quarter of the fiscal year and it reaffirmed
expectations.
---
International Personal Finance Expects Stronger Rebound on
Reduced Impairments
International Personal Finance PLC said Tuesday that its
collections performance has continued to be strong since its April
update, and that this will result in a faster-than-anticipated
improvement in impairments as a percentage of revenue.
---
On the Beach 1H 2021 Pretax Loss Narrows, Guidance Remains
Suspended Due to Pandemic
On the Beach Group PLC said Tuesday that its pretax loss for the
first half of fiscal 2021 narrowed after booking lower costs, and
that it maintains its full-year guidance suspension until the
overall effect from the pandemic becomes clearer.
---
Wentworth Resources Raises 2021 Production Guidance
Wentworth Resources PLC on Tuesday upgraded its gas production
guidance for 2021 on the back of strong Tanzanian demand.
---
Tavistock Investments to Report Swing to FY 2021 Pretax
Profit
Tavistock Investments PLC said Tuesday that it expects to report
a swing to pretax profit for fiscal 2021.
---
Bellway Sees FY 2021 House Completions Recovering to 2019
Levels
Bellway PLC said Tuesday that it has seen strong sales demand in
the second half of fiscal 2021 to date, and it expects full-year
housing completions to return to pre-coronavirus pandemic
levels.
---
Non-Standard Finance Working on Capital Raising of Around GBP80
Mln
Non-Standard Finance PLC said Tuesday it is working on a
substantial equity-capital raising that is expected to be valued at
around 80 million pounds ($112.9 million), supported by its largest
shareholder.
---
GB Group's FY 2021 Pretax Profit, Revenue Rose Ahead of Market
Views
GB Group PLC said Tuesday that pretax profit rose 66% in fiscal
2021 with revenue ahead of market expectations and declared a final
dividend.
Contact: London NewsPlus, Dow Jones Newswires;
+44-20-7842-931
(END) Dow Jones Newswires
June 15, 2021 03:05 ET (07:05 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Aug 2024 to Sep 2024
FTSE 100
Index Chart
From Sep 2023 to Sep 2024