FTSE 100 Seen Edging Higher After Mixed Asia Trading
January 28 2022 - 3:24AM
Dow Jones News
FTSE 100 Seen Edging Higher After Mixed Asia Trading
0726 GMT - The FTSE 100 is expected to open 10 points higher at
7564, according to CMC Markets, after mixed trading in Asia and a
flat close on Wall Street. Stocks in mainland China are flat, lower
in Hong Kong but higher in Japan. "Markets in Europe have found it
difficult to decouple from the volatility over in the U.S.," CMC
analyst Michael Hewson says. "However, they're proving to be
slightly more resilient as we look towards a broadly mixed open for
European stocks later today." (philip.waller@wsj.com)
Companies News:
Abrdn Raises GBP264 Mln From Sale of Part of Phoenix Group
Stake
Abrdn PLC said Friday that it has sold 40 million shares in
Phoenix Group Holdings PLC to institutional investors, raising
proceeds of around 264 million pounds ($353.3 million).
---
Amigo Holdings Appoints Danny Malone as Interim CFO
Amigo Holdings PLC said Friday that it has appointed Danny
Malone as chief financial officer on an interim basis.
---
Character Group to Return GBP13.5 Mln to Shareholders in Tender
Offer
Character Group PLC said Friday that it intends to return around
13.5 million pounds ($18.1 million) to shareholders through a
tender offer and repurchase of shares.
---
Capita PLC to Sell Trustmarque for GBP115 Mln
Capita PLC said Friday that it has agreed to sell its
Trustmarque IT services business to One Equity Partners for 111
million pounds ($148.6 million).
---
Avon Protection Launches Buyback Program of up to GBP18.5
Mln
Avon Protection PLC said Friday that it was launching a share
buyback program of up to 18.5 million pounds ($24.8 million), and
that organic revenue for the first quarter of fiscal 2022 was ahead
of the year-prior period.
---
Paragon Banking Group 1Q Performance in Line With
Expectations
Paragon Banking Group PLC said Friday that performance in the
first quarter of fiscal 2022 has been strong and in line with the
board's expectations.
---
Chill Brands 1H 2022 Revenue Soared
Chill Brands Group PLC said Friday that revenue for the first
half of fiscal 2022 rose significantly.
---
YouGov Expects FY 2022 to Beat Views After Good First Half
YouGov PLC said Friday that it expects fiscal 2022 results to be
slightly ahead of the board's expectations after experiencing
growth across all divisions and geographies in the first half.
---
Trackwise Sees 2021 Loss Widening, Revenue Rising; Names CFO
Designate
Trackwise Designs PLC said Friday that it expects its 2021
adjusted operating loss to widen and revenue to rise, and named
Paul Cook as its chief financial officer designate.
---
BrandShield to Raise GBP1.5 Mln in Share Placing
BrandShield Systems PLC said Friday that it intends to raise 1.5
million pounds ($2 million) through a share placing to
institutional investors.
---
Surface Transforms Sees 2021 Revenue Increase
Surface Transforms PLC said Friday that it expects to report a
20% increase in revenue for 2021.
Market Talk:
Staff Shortages Due to Coronavirus Will Likely Take a Toll on
Eurozone, UK 1Q Growth
0700 GMT - The high number of people infected with Covid-19 in
quarantine exacerbates the shortage of labor in key sectors of the
economy in the eurozone and the U.K., Berenberg's chief economist
Holger Schmieding says. If infection rates on the European
continent roughly track the U.K. pattern, a lack of workers could
weigh on economic activity for about four to six weeks, shaving
around 0.5 percentage point off 1Q GDP in the U.K. and the
eurozone, he says. "Together with the current restrictions and more
cautious consumer behaviour, these economies may thus roughly
stagnate in 1Q unless other factors were to offset these
negatives," Schmieding says. (xavier.fontdegloria@wsj.com)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
January 28, 2022 03:09 ET (08:09 GMT)
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