London Shares to Fall After Downbeat Asia, US Trading
January 27 2022 - 3:27AM
Dow Jones News
FTSE 100 Tipped to Fall After Downbeat Asia, US Trading
The FTSE 100 is expected to open 110 points lower at 7359,
according to CMC Markets, after downbeat trading in Asia and on
Wall Street. Mainland Chinese, Hong Kong and Japanese stocks are in
the red and the Dow closed 0.4% lower Wednesday. "The late sell-off
in the U.S. is expected to see European markets open sharply lower,
as Asia markets slid back, as we look ahead to this afternoon's
U.S. 3Q GDP numbers and weekly jobless claims," CMC analyst Michael
Hewson says.
Companies News:
M&G to Acquire ResponsAbility Investments
M&G PLC said Thursday that it has agreed to acquire a
majority stake in responsAbility Investments AG for an undisclosed
amount.
---
Hammerson Raises 2021 Guidance After Improved Performance
Hammerson PLC said Thursday that it has increased its 2021
adjusted earnings guidance after an improved performance.
---
EasyJet 1Q 2022 Headline Pretax Loss Narrowed; Omicron Affecting
Bookings in the Short Term
easyJet PLC said Thursday that its headline pretax loss for the
first quarter of fiscal 2022 narrowed, and that the Omicron
Covid-19 variant is affecting bookings in the short term.
---
3i Group Nine-Month Total Return Was 32.6%; Net Asset Value
Rose
3i Group PLC on Thursday reported a 32.6% total return for the
first nine months of the fiscal year as it benefited from a good
performance across its investment portfolios.
---
Whitbread Appoints Hemant Patel as New CFO
Whitbread PLC said Thursday that Hemant Patel has been appointed
as its new chief financial officer, succeeding Nicholas
Cadbury.
---
Intermediate Capital 3Q Third-Party Assets Under Management
Rose
Intermediate Capital Group PLC said Thursday that third-party
assets under management rose during the third quarter and that
momentum across its platform underpins the positive outlook.
---
Diageo 1H Net Profit Rose on Higher Sales
Diageo PLC said Thursday that net profit rose in the first half
of fiscal 2022, boosted by better-than-expected sales volume
despite unfavorable foreign exchange.
---
St. James's Place 4Q Net Inflows Rose on Year
St. James's Place PLC said Thursday that net inflows increased
in the fourth quarter of 2021, and that it closed the period with
record funds under management.
Market Talk:
Russia Uncertainty Adds to Oil Volatility, Worrying Stock
Markets
Uncertainty over Russia, one of the world's leading oil and
natural gas exporters, is casting a pall over stock prices in Asia,
says John Vail, chief global strategist at Nikko Asset Management
in Tokyo. One reason is the effect on inflation if conflict in the
Ukraine leads to supply disruptions and higher energy prices. The
Federal Reserve won't be comfortable about inflation until oil
prices go down and so may be pressured to raise rates faster, says
Mr. Vail. The outlook for stock markets, oil prices and Fed rates
"is quite dependent on what Russia decides to do and how the world
responds with sanctions on oil and financial aspects," he says.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka
Halas at sarka.halas@wsj.com
(END) Dow Jones Newswires
January 27, 2022 03:12 ET (08:12 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Mar 2024 to Apr 2024
FTSE 100
Index Chart
From Apr 2023 to Apr 2024