FTSE 100 to Edge Higher After Asia Gains
FTSE 100 Set to Edge Higher After Asia Gains
0633 GMT - The FTSE 100 is expected to open four points higher
at 7207, according to CMC Markets, after upbeat trading in Asia,
though Wall Street closed mixed. Stocks in mainland China, Hong
Kong and Japan are all firmly in positive territory and the Dow
Jones ended Monday 0.1% lower. "Today's Asia session has seen
stocks rise and this looks set to translate into a modest re-bound
for European markets this morning after yesterday's pullback," CMC
analyst Michael Hewson says. (firstname.lastname@example.org)
BHP First-Quarter Iron Ore, Copper Output Falls
BHP Group Ltd. produced less iron ore, copper and steelmaking
coal in its first fiscal quarter mostly because of planned
maintenance work at its operations.
Centamin Reports Higher 3Q Revenue, Backs 2021 Guidance
Centamin PLC on Tuesday reported higher revenue for the third
quarter and reaffirmed full-year production and cost guidance.
UK Govt to Investigate Parker Hannifin's $8.65 Bln Planned
Takeover of Meggitt
The U.K. Government said late Monday that it was investigating
Parker Hannifin Corp.'s planned 6.3 billion pound ($8.65 billion)
takeover of Meggitt PLC on national security grounds.
Hochschild to Demerge 80% Stake in Aclara Rare Earths
Hochschild Mining PLC said Tuesday that it intends to demerge a
majority stake in its Aclara rare earths project in Chile ahead of
its listing on the Toronto Stock Exchange.
Bellway FY 2021 Pretax Profit Rose Significantly; FY 2022 Has
Bellway PLC said Tuesday that its pretax profit more than
doubled in fiscal 2021 and that the new year began well.
888 Holdings Says 3Q Revenue Rose 7% to $230 Mln
888 Holdings PLC on Tuesday reported a 7% increase in revenue
for the third quarter of the financial year.
Wise PLC 2Q Revenue, Transaction Volumes Rose
Wise PLC said Tuesday that revenue and transaction volumes grew
significantly in the second quarter of fiscal 2022, in line with
its forecasts, and that it expects to continue performing in line
IntegraFin Funds Under Direction Rose in 4Q
IntegraFin Holdings PLC said Tuesday that funds under direction
increased in the fourth quarter of fiscal 2021 compared with the
BHP's 1Q Output Weak, But Steady Guidance Key
0215 GMT - BHP's first-quarter production was soft, says
Macquarie, with better-than-expected petroleum and energy coal
output being offset by misses for metallurgical coal, copper and
iron-ore output volumes. "Importantly, guidance for all key
commodities is unchanged with maintenance programs the key driver
behind the metallurgical coal weakness," the bank says. BHP is down
1.6% in Sydney. (email@example.com; @RhiannonHoyle)
Bull Fancies BHP Amid Strong Coal, Oil Prices
0249 GMT - Jefferies prefers BHP over rival Rio Tinto, for now,
based on the latest production reports and relative valuations, the
bank says. Strength in prices for some of BHP's key commodities,
including steelmaking coal, copper and petroleum, should offset
weakness in iron ore prices for the world's No. 1 miner in the
short run, says Jefferies. The bank does forecast a fall in BHP's
earnings and cash flow in FY 2022 versus FY 2021, "however, risk to
our commodity price forecasts is to the upside," it says.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
(END) Dow Jones Newswires
October 19, 2021 02:53 ET (06:53 GMT)
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