FTSE 100 to Open Higher as Traders Brace For Busy Week

0638 GMT - The FTSE 100 is expected to open higher as traders look ahead to a busy week of news. Spreadbetting firm IG expects the London index starting up 17 points. "After Friday's strong U.S. finish, markets in Europe look set to see a positive open in what is set to be an important week for macroeconomic data, with EU and U.S. third-quarter gross domestic product and interest rate meetings from the European Central Bank and the Bank of Japan, while in the U.K. the Chancellor of the Exchequer will be delivering his Autumn Budget," CMC Markets analyst Michael Hewson says. (renae.dyer@wsj.com)

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Companies News: 

HSBC Says It Will Buy Back $2 Billion in Stock as Profit Jumps

Global banking giant HSBC Holdings PLC said it would buy back up to $2 billion in stock after its third-quarter net profit jumped, as the lender released more provisions it had previously made for bad loans.

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The Co-operative Bank Shows Interest in Acquiring TSB From Sabadell -Sky News

The Co-operative Bank has approached Spain's Banco de Sabadell SA, TSB's owner, about a merger, Sky News says.

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Tullow Oil Taps Phuthuma Nhleko as Incoming Chairman

Tullow Oil PLC said Monday that it has appointed Phuthuma Nhleko as an independent nonexecutive director and chairman-designate, taking over from Chairman Dorothy Thompson by the end of the year.

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Botswana Diamonds Raises GBP550,000 in Placing to Fund Exploration

Botswana Diamonds PLC said Monday that it has undertaken a company-arranged placing, raising 550,000 pounds ($756,690) through a share issue to fund exploration activities.

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Plus500 3Q Results Resilient; FY Revenue, Ebitda Seen Beating Market Views

Plus500 Ltd. said Monday that revenue for the third quarter of 2021 was resilient and significantly above pre-pandemic levels, and that the board expects both full-year revenue and Ebitda to beat market views.

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DP Poland 1H Pretax Loss Widened

DP Poland PLC said Monday that its pretax loss for the first half widened after booking higher costs, and that it expects to be cash generative during the fourth quarter.

 

Contact: London NewsPlus, paul.larkins@wsj.com

(END) Dow Jones Newswires

October 25, 2021 02:59 ET (06:59 GMT)

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