FTSE 100 Set to Edge Lower After US Drop; Asia Gains
The FTSE 100 is expected to fall six points to 7010, according
to CMC Markets, after a lower close on Wall Street, though Asia
markets traded higher. The Dow Jones closed 0.4% adrift, while
stocks in mainland China, Hong Kong and Japan all rise. "Markets in
Asia rebounded strongly on reports that Chinese regulators told
firms [that] Chinese firms would be allowed to list in the U.S. as
long as they met listing requirements," CMC's Michael Hewson says.
"The rebound in Asia doesn't appear to be translating into a
rebound in Europe, with shares here set to open slightly
lower."
Companies News:
Telefonica Buys Britain's Cancom for GBP340 Mln Enterprise
Value
Telefonica SA said Thursday that it is buying Cancom Ltd. for an
enterprise value of 340 million pounds ($472.7 million) as part of
its consolidation strategy in the U.K.
---
Shell 2Q Net Profit Fell QoQ, Launches $2 Bln Buyback
Royal Dutch Shell PLC on Thursday reported that its net profit
fell in the second quarter from the immediately prior period, and
launched a $2.0 billion buyback.
---
Lloyds Second-Quarter Pretax Profit Rose Ahead of Views
Lloyds Banking Group PLC reported Thursday a rise in pretax
profit for the second quarter of 2021, surpassing market
expectations, after releasing more impairments amid an economic
recovery.
---
Schroders 1H Pretax Profit Rose; Assets Under Management Reached
Record High
Schroders PLC on Thursday reported a significant increase in
pretax profit for the first half of the year and said that it
reached record assets under management during the period.
---
Anglo American to Boost Shareholder Returns After 1H Profit
Soared
Anglo American PLC on Thursday reported a significantly higher
profit for the first half of the year, and said it will return $4.1
billion to shareholders via dividends and share buybacks.
---
Segro 1H Pretax Profit, Revenue Rose; Declares Increased
Dividend
Segro PLC on Thursday reported a significant rise in first-half
pretax profit, together with revenue, and raised its dividend.
---
Weir Group 1H Pretax Profit Rose, Resumes Dividends
Weir Group PLC said Thursday that its first-half pretax profit
rose and resumed its interim dividend.
---
BAE Systems 1H Pretax Profit Rose, Launches Buyback Program
BAE Systems PLC said Thursday that its pretax profit rose for
the first half as revenue rose, and that it was launching a buyback
program of up to 500 million pounds ($695.1 million).
---
RELX 1H Net Profit Rose; Sees Full-Year Growth Above Historical
Trends
RELX PLC said Thursday that first-half net profit rose and that
it expects revenue and adjusted earnings growth for the full year
to be above historical trends.
---
Diageo FY 2021 Profit, Revenue Rose
Diageo PLC reported Thursday a rise in pretax profit for fiscal
2021 on higher net sales.
---
AstraZeneca 2Q Net Profit Dropped Despite Higher Revenue; Raises
Guidance
AstraZeneca PLC said Thursday that net profit declined on-year
in the second quarter, though total revenue increased, and raised
its core earnings-per-share guidance for 2021.
---
BT Group 1Q Pretax Profit Fell; Backs FY 2022 Guidance
BT Group PLC said Thursday that pretax profit for the first
quarter of fiscal 2022 fell on the back of lower revenue and it
reiterated guidance for the full year.
---
Rentokil Initial 1H Profit Soared Amid Rising Revenue
Rentokil Initial PLC reported Thursday a more-than-doubled
pretax profit for the first half of the year on higher revenue and
said results were slightly ahead of its expectations.
---
Dr. Martens 1Q Revenue Rose Materially, Ahead of Pre-Pandemic
Levels
Dr. Martens PLC said Thursday that revenue rose significantly
during the first quarter of fiscal 2022, even when compared with
pre-pandemic levels, thanks to continued growth in online sales and
the reopening of stores.
---
Informa Raises 2021 Revenue Guidance; 1H Pretax Loss
Narrowed
Informa PLC on Thursday raised its revenue guidance for 2021 as
it reported a narrowed pretax loss for the first half after
coronavirus-related restrictions continued to held back its events
operations.
---
Smith & Nephew Swung to 1H Pretax Profit; Backs Guidance
Smith & Nephew PLC said Thursday that it swung to pretax
profit for the first half of the year as revenue rose, and backed
its guidance for the year.
---
Lloyds 2Q Pretax Profit Rose Ahead of Views, Buys Embark Group
for GBP390 Mln -- Update
Lloyds Banking Group PLC on Thursday reported a rise in pretax
profit for the second quarter of 2021, beating market expectations,
and said that it is buying the investment and retirement platform
business Embark Group.
---
Foxtons Swung to 1H Pretax Profit; Declares Dividend, Buyback
Program
Foxtons Group PLC said Thursday that it swung to a pretax profit
for the first half of the year on rising revenue, reinstated
dividends and declared a share buyback program.
Market Talk:
Rio Tinto's 360 Mln Ton Iron-Ore Target Seems to Be Fading
Rio Tinto has refused to be pinned down on Australian iron-ore
capacity after the ramp up of its Gudai-Darri project in Western
Australia, but earlier long-run targets of 360 million tons a year
seem "to be a fading memory," Citi says. Citi is tipping Pilbara
output of 340 million tons in 2022, followed by 345 million in 2023
and 348 million in 2024. "And with Simandou seemingly still some
way off, seaborne iron-ore supply increases will likely continue to
under perform market estimates," Citi says.
Contact: London NewsPlus, Dow Jones Newswires;
+44-20-7842-931
(END) Dow Jones Newswires
July 29, 2021 03:04 ET (07:04 GMT)
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