FTSE to Open Lower as Investors Remain Nervous
June 21 2021 - 3:07AM
Dow Jones News
Markets News:
London Stocks Seen Opening Lower
The FTSE 100 is expected to open 24 points lower, according to
IG, having closed Friday at 7017.47, mirroring falls in Asian
stocks. Investors remain nervous after the previous week's
unexpected forecasts from the U.S. Federal Reserve for rate
increases during 2023 due to rising inflationary pressure. This
week will see a Bank of England meeting on Thursday, where
policymakers might similarly warn of a possible need to tighten
policy to combat inflation. Grocer Wm. Morrison will be in focus
after it said Saturday that it had rejected a GBP5.54 billion
possible cash offer from Clayton Dubilier & Rice LLC as it
"significantly undervalued" the company and its future
prospects.
Companies News:
Wm. Morrison Supermarkets Rejects $7.65 Bln Clayton Dubilier
& Rice Offer Proposal
Wm. Morrison Supermarkets PLC said Saturday that it has rejected
a 5.54 billion-pound ($7.65 billion) possible cash offer by Clayton
Dubilier & Rice LLC as it "significantly undervalued" the
company and its future prospects.
---
UK CMA Serves Enforcement Order on Bristol Water Takeover by
Pennon
The U.K. Competition and Markets Authority said Monday that it
has served an initial enforcement order in relation to the
acquisition of Bristol Water Holdings UK Ltd. by Pennon Group
plc.
---
Capita Sells 51% Stake in AXELOS JV for Net Cash of GBP183.6
Mln
Capita PLC said Monday that it has sold its 51% stake in its
AXELOS Ltd. joint venture to PeopleCert International Ltd. for a
net cash receipt of 183.6 million pounds ($253.4 million).
---
Capita on Track to Deliver Revenue Growth in 2021
Capita PLC said Monday that performance has improved in the
first half of this year and that it remains on track to deliver
full-year revenue growth--its first in six years.
---
Hotel Chocolat Takes Full Control of Beauty Products JV
Hotel Chocolat Group PLC said Monday that it has agreed to take
full control of its Rabot 1745 Ltd. joint venture, created by the
company and Chairman Andrew Gerrie in 2016 to develop a range of
beauty products.
---
Kerry Group to Acquire Niacet for $1.01 Bln
Kerry Group PLC said Monday that it has agreed to acquire to
acquire Hare Topco Inc., trading as Niacet Corp., for 853 million
euros ($1.01 billion), as it seeks to strengthen its food
protection and preservation strategy.
---
nmcn Secures GBP24 Mln Fundraising, Agrees Debt
Renegotiation
nmcn PLC said Monday that it has agreed a renegotiation of its
debt after securing a 14 million pound ($19.3 million) equity
subscription and a GBP10.0 million convertible bridging loan with
new investors.
Contact: London NewsPlus, Dow Jones Newswires;
+44-20-7842-931
(END) Dow Jones Newswires
June 21, 2021 03:04 ET (07:04 GMT)
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