FTSE 100 Set to Open Lower Ahead of BOE Decision

The FTSE 100 is expected to start trading slightly lower as investors look ahead to the Bank of England's policy decision later Thursday. Spreadbetting firm IG expects London's blue-chip index to open down 6 points. While the BOE is likely to keep its policies unchanged, it will "still be noteworthy if there is dissent on the pace of the bond buying program, and whether the bank will look at slowing the pace," CMC Markets analyst Michael Hewson says. "The Monetary Policy Committee's main challenge will be anchoring expectations and keeping their options open on when to expect a rate rise," he says. The BOE announces its decision at 1100 GMT.

Companies News: 

WPP PLC Swung to 1H Pretax Profit; Raises 2021 Guidance

WPP PLC on Thursday reported a swing to pretax profit for the first half of the year and raised its full-year guidance.


Mondi 1H Performance Stable; Declares Dividend

Mondi PLC reported Thursday a stable set of results for the first half with a small decline in pretax profit and it declared a dividend.


Rolls-Royce Swung to 1H Pretax Profit

Rolls-Royce Holdings PLC said Thursday that it swung to a pretax profit for the first half of 2021 after booking lower costs, and that it expects to turn free cashflow positive during the second half.


Evraz 1H Profit Doubled Amid Stronger Steel Prices

Evraz PLC on Thursday reported that its net profit more than doubled in the first half of the year, reflecting higher prices for steel, vanadium and coal.


Frasers FY 2021 Pretax Profit Fell; In Talks to Appoint Michael Murray CEO

Frasers Group PLC on Thursday reported a significant decline in pretax profit for fiscal 2021, and said it is in talks to move Michael Murray into the chief-executive role in fiscal 2022.


Contact: London NewsPlus, Dow Jones Newswires; +44-20-7842-931

(END) Dow Jones Newswires

August 05, 2021 02:55 ET (06:55 GMT)

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