FTSE 100 to Open Lower Ahead of Budget
FTSE 100 to Open Lower Ahead of UK Budget
The FTSE 100 is expected to open lower as investors look ahead
to the release of U.K. Treasury chief Rishi Sunak's budget
statement later. Spreadbetting firm IG expects the London index to
start trading down 9 points. Some the policies from the U.K. budget
have already been unveiled including extra spending for the
National Health Service and an increase in minimum wages. Sunak
will announce the rest of his plans at about 1130 GMT. "The
Chancellor is insisting on 'fiscal responsibility' and will likely
announce new fiscal rules, including balancing the current budget
(i.e. excluding investment) and putting the debt/GDP ratio on a
declining path by 2024-25," UniCredit analysts say.
Aveva Group 1H Revenue Increased by Around 9%
Aveva Group PLC said Wednesday that revenue grew around 9% in
the first half of fiscal 2022, adding that all of its fee types
increased during the period.
Fresnillo 3Q Silver Production Fell; Backs 2021 Guidance
Fresnillo PLC said Wednesday that its silver production for the
third quarter fell but that it remained on track to meet its gold
and silver production guidance for the year.
Wickes 3Q Sales Slip Slightly YoY But Beat 2019 Levels; Backs
Wickes Group PLC said Wednesday that it continued to perform
well in the third quarter with sales down slightly on year but well
above pre-coronavirus pandemic levels, and confirmed previous
profit guidance for 2021.
On the Beach Says 2H Performance Hit by UK Travel Protocols
On the Beach Group PLC said on Wednesday that its performance in
the second half of fiscal 2021 was suppressed due to the U.K.'s
traffic light system for leisure travel, and that given the
continued level of short-term uncertainty it wouldn't be
appropriate to give any financial guidance for fiscal 2022.
Kerry Group Reports Strong Business Volume Growth in 3Q
Kerry Group PLC on Wednesday reported strong business volume
growth in the third quarter of 2021, amid a continued gain in its
retail channel and strong performance in food service.
Fix Price Group 3Q Pretax Profit Rose
Fix Price Group Ltd. on Wednesday reported a rise in pretax
profit thanks for the third quarter of 2021, citing strong cost
Iberdrola Nine-Month Profit Fell
Iberdrola SA said Wednesday that net profit fell in the first
nine months of the year, and that overall performance continues to
be affected by the coronavirus pandemic, even if to a lesser
Petra Diamonds' Next Six Months Offer Some Downside Risk
For Petra Diamonds, the next six months offer some downside risk
from a stock-specific standpoint despite a strong rough-diamond
market, Berenberg says. The company's Cullinan mine is a concern as
the cause for the ground stability affecting one of its tunnels is
unknown and the time frame for the production outage stemming from
it is yet to be quantified, the German brokerage says. One other
concern is how the stock will perform after 2022's capital markets
day when capex, production profile and cost reductions will be key
to understanding whether the miner can deliver over the medium term
or not, the broker says. Berenberg downgrades its rating on the
stock to hold from buy and has a 2 pence target price.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka
Halas at email@example.com
(END) Dow Jones Newswires
October 27, 2021 03:01 ET (07:01 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
From Nov 2021 to Dec 2021
From Dec 2020 to Dec 2021