FTSE 100 Seen Opening Higher
September 27 2021 - 3:17AM
Dow Jones News
London Stocks Seen Opening Higher
The FTSE 100 is expected to open 68 points higher, according to
IG, having closed Friday at 7051.48. Oil prices are likely to boost
heavyweight oil stocks. "U.S. and European futures traded mostly in
the positive hinting at some more consolidation in U.S. equities at
the start of the week, especially with energy stocks that should
lead," says Ipek Ozkardeskaya, analyst at Swissquote. Still,
concerns linger, including the crisis at Evergrande, China's
regulatory crackdown and prospects of tighter monetary policy in
the U.S. and U.K., she says. In the U.K., the government has
exempted the fuel-retail industry from a competition law to ease
major supply issues at petrol stations. United Utilities is in
focus after forecasting 4% higher 1H revenue.
Companies News:
United Utilities Sees 1H Revenue Up 4% as Water Consumption
Recovers
United Utilities Group PLC said Monday that it expects to report
a 4% increase in revenue for the first half ending Sept. 30., as
water demand recovers.
---
Hikma Pharmaceuticals Agrees to Buy Custopharm Inc. For $375
Mln
Hikma Pharmaceuticals PLC said on Monday that it has agreed to
buy Custopharm Inc. for $375 million with a further $50 million
upon achieving certain commercial milestones.
---
3i Group's Ebitda, Cash Above Budget for 3Q to Date
3i Group PLC said Monday that its Ebitda and cash generation are
above budget for the third quarter to date, noting that its
performance was strong in the significant majority of its
private-equity, infrastructure and Scandlines investments.
---
Ethernity Networks to Raise GBP4.2 Mln via Discounted Share
Issue
Ethernity Networks Ltd. said Monday that it is raising 4.2
million pounds ($5.7 million) via a share placing and subscription
and will use the money towards new contracts as well as its 5G
offering.
---
Bank of Ireland CFO, Executive Director Myles O'Grady to Step
Down
Bank of Ireland Group PLC said Monday that Myles O'Grady intends
to step down as chief financial officer and executive director, as
well as governor of the bank.
---
Assa Abloy Agrees to Buy Door-and-Window Hardware
Manufacturer
STOCKHOLM--Swedish lock maker Assa Abloy AB said Monday it has
agreed to buy Arran Isle, a designer, manufacturer and distributor
of door-and-window hardware in the U.K. and Ireland.
---
FireAngel Safety Technology 1H Pretax Loss Narrowed; Sees
Challenges in 2H
FireAngel Safety Technology Group PLC said Monday that its
pretax loss narrowed for the first half as revenue increased, and
that the second half of the year presents challenges for the
company.
---
Castillo Copper ASX Trading Halted Pending Acquisition News
Castillo Copper Ltd. said that its trading on the Australian
Securities Exchange was halted on Monday pending the announcement
of an option to acquire two exploration projects.
---
Novacyt Swung to 1H Loss
Novacyt SA on Monday reported a loss for the first half of the
year, and reaffirmed full-year guidance.
---
Prudential to Raise US$2.4B From Hong Kong Offer
Prudential PLC will raise $2.4 billion by issuing new shares,
proceeds of which will be used by the insurer to redeem high-coupon
debt due in six months and invest for growth.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka
Halas at sarka.halas@wsj.com
(END) Dow Jones Newswires
September 27, 2021 03:02 ET (07:02 GMT)
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