FTSE 100 to Open Lower; Traders React to Public Finances Data
FTSE 100 to Open Lower as Traders React to UK Public Finances
0643 GMT - The FTSE 100 is seen opening lower as investors
digest U.K. public sector borrowing data ahead of Treasury Chief
Rishi Sunak's fiscal spending plan on October 27. Spreadbetter IG
expects the London index to start down 29 points. Public sector
borrowing, excluding banks, was GBP21.8 billion in September, the
second highest September level on record, official data showed.
"With little sign that the pandemic is anywhere close to an end
point, the Chancellor [Sunak] next week will be hoping to try and
find a way to help underpin the government tax receipts at the same
time as not acting hastily and tipping the economy into a
self-inflicted slowdown," CMC Markets analyst Michael Hewson says.
Barclays 3Q Pretax Profit, Total Income Rose Ahead of Market
Barclays PLC reported on Thursday rises in third-quarter pretax
profit and total income ahead of market views.
Unilever 3Q Underlying Sales Rose, Backs Margin Guidance Despite
Unilever PLC said Thursday that third-quarter underlying sales
rose on good growth in its priority markets of the U.S., China and
India, development of online shopping channels and growth of
St. James's Place 3Q Net Inflows, Funds Under Management
St. James's Place PLC said Thursday that funds under management
and net inflows increased significantly in the third quarter of
Rentokil Initial 3Q Revenue Rose 0.5%, Backs 2021 Guidance
Rentokil Initial PLC on Thursday reported a 0.5% rise in third
quarter revenue at actual exchange rates and backed its full-year
Anglo American Platinum Reports Flat 3Q Production; Reaffirms
Anglo American Platinum Ltd. on Thursday reported broadly flat
production for the third quarter and reiterated full-year
Babcock International 1H Revenue Seen to Rise; FY Outlook
Babcock International Group PLC said Thursday that performance
for the first half of fiscal 2022 was in line with its expectations
and it backed its guidance for the full year.
Gateley (Holdings) Shareholders Sell GBP11.4 Mln Worth of
Gateley (Holdings) PLC said Thursday that 11.4 million pounds
($15.8 million) worth of shares have been sold on behalf of certain
directors and employees, as first announced late Wednesday.
Unilever's 3Q Sales Just Beat Market Views, Helped by
0646 GMT - Unilever's third quarter results were adequate, with
organic sales growth 0.3% ahead of a company-compiled market
consensus--though volumes were a little light, compensated by
higher pricing, RBC Capital Markets says. The multisector retailer
has, crucially, maintained guidance for the full-year the Canadian
bank says. Market consensus was for Unilever's full-year EBIT
margin to decline by 20 basis points, compared with new guidance of
it likely being flat, so there may even be room for slight margin
upgrades, RBC says. RBC retains its underperform rating and price
target of 3,400 pence, adding it fundamentally believes Unilever is
at risk of under-delivering as a result of under-investing.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
(END) Dow Jones Newswires
October 21, 2021 03:03 ET (07:03 GMT)
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