FTSE 100 to Open Higher, Recovering After Sharp Losses
London Stocks Seen Opening Higher, Recovering After Sharp
The FTSE 100 is expected to open around 55 points higher,
according to IG, rebounding after hefty losses Monday, when
concerns about troubles at Chinese property giant Evergrande saw
the index close at a two-month low of 6903.91. Worries about high
inflation and slowing growth continue to linger, but for now
equities should recover after such big losses. "The losses...have
been contained, and with that European markets look set to open
modestly higher this morning, with U.S. futures also rebounding.
Concerns about Evergrande remain but for now there appears to be a
wait and see approach being adopted," says CMC Markets analyst
Michael Hewson. A few individual stocks will be in focus after
earnings updates, including Kingfisher, Travis Perkins and Compass
Travis Perkins to Return GBP179 Mln to Shareholders via Buyback,
Travis Perkins PLC is launching a 100 million pound ($136.6
million) share buyback and a GBP79 million special dividend, after
the sale of its Plumbing & Heating distribution business, it
Kingfisher's 1H Adjusted Pretax Profit Came in Ahead of Market
Kingfisher PLC on Tuesday reported a significant rise in pretax
profit and adjusted pretax profit for the first half of fiscal 2022
and said that its outlook for the full year has improved.
Stagecoach Is in Merger Talks With National Express Group
U.K. transportation group Stagecoach Group PLC said Tuesday that
it is in talks for an all-share takeover by peer National Express
Group PLC that will give its shareholders about 25% of the combined
group if the deal proceeds.
Compass Group Says 4Q Underlying Revenue to Be 86% of FY
Compass Group PLC said Tuesday that it expects fourth-quarter
underlying revenue on a constant currency basis to improve to 86%
of 2019 revenue, and for it to be slightly ahead of the previous
guidance range of 80% to 85%.
Blackstone's BioMed to Invest $1.2 Bln in New UK Labs
U.S. real-estate investment company BioMed Realty said Tuesday
that it plans to significantly increase its laboratory space in the
U.K. after acquiring two sites in the city of Cambridge.
PensionBee Group 1H Pretax Loss Widened
PensionBee Group PLC on Tuesday reported a significantly widened
pretax loss for the first half of 2021 and said that its
performance for the period was in line with management
Dignity Swung to 1H Profit on Financial Remeasurements
Dignity PLC on Tuesday reported a profit for the first half of
the fiscal year, but its underlying earnings declined as deaths
fell on year.
Knights Group Says Strong Performance Continues into FY 2022
Knights Group Holdings PLC said Tuesday that its performance
continues to be strong and in line with expectations following the
end of fiscal year 2021 on April 30.
Aegon to Appeal Hungarian Court Decision to Block Acquisition by
Vienna Insurance Group
Aegon NV said Tuesday that it will appeal a decision made by the
Budapest Metropolitan Court to block the acquisition of its
Hungarian business by Vienna Insurance Group AG.
Caerus Mineral Resources to Raise GBP1.5 Mln to Fund Project
Caerus Mineral Resources PLC said Tuesday that it is raising 1.5
million pounds ($2 million) via a share placing and subscription
and will use the money to fund project development.
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(END) Dow Jones Newswires
September 21, 2021 03:06 ET (07:06 GMT)
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