FTSE 100 to Open Flat as Traders Digest Budget
FTSE 100 Seen Opening Flat as Traders Digest UK Budget
The FTSE 100 is expected to start trading little changed after
ending the previous session lower following the release of U.K.
Treasury chief Rishi Sunak's latest budget statement. Spreadbetting
firm IG expects the London index to open 2 points lower after
closing down 24 points on Wednesday. Sunak presided over the
biggest increase in taxes in any single year since 1993, and takes
the overall burden to its highest level since 1949, HSBC economists
say. "And of course, at 90% of GDP in 2025, debt still looks very
high by historical standards," they say/ On Thursday's agenda, the
European Central Bank's policy meeting is at 1145 GMT and U.S.
third quarter economic growth data are at 1230 GMT.
WPP 3Q Revenue Grew in All Regions and Markets; Lifts 2021
WPP PLC said Thursday that its third-quarter revenue grew and
raised its full-year guidance.
Shell 3Q Adjusted Earnings Fell as Hurricane Ida Hurt
Royal Dutch Shell PLC on Thursday reported that its earnings
fell 25% in the third quarter, as Hurricane Ida hurt its
Lloyds 3Q Beat Expectations as Pretax Profit Nearly Doubled
Lloyds Banking Group PLC reported on Thursday a nearly doubled
pretax profit for the third quarter of 2021, beating market
DS Smith Says 1H Performance Met Expectations
DS Smith PLC said Thursday that its performance for the first
half of the year has been in line with its expectations, with
positive box volume growth and good cost recovery through increased
Inchcape 3Q Revenue Fell, Upgrades Guidance
Inchcape PLC said Thursday that revenue for the third quarter
fell 2% on a reported basis and that it has upgraded its pretax
Meggitt Warns on Lower 2021 Revenue; Blames Defense, Supply
Meggitt PLC said Thursday that it expects full-year group
revenue to be below 2020, blaming a fall in defense as well as the
global supply-chain disruption.
Travis Perkins 3Q Sales Rose, Raises 2021 Guidance to Beat
Travis Perkins PLC said Thursday that its third-quarter sales
rose and that it has raised its 2021 adjusted operating profit
guidance above market expectations. It also noted that it is
capably managing supply-chain disruption and cost inflation.
C&C Group Swung to 1H Pretax Profit
C&C Group PLC on Thursday reported a swing to a pretax
profit for the first half of fiscal 2022, and said the rate of sale
per outlet as of September has improved, with volumes at 93% of
those in the same period in 2019.
Elementis 3Q Revenue Rose; Full-Year Outlook Unchanged Despite
Growing Supply-Chain Challenges
Elementis PLC said Thursday that its revenue rose in the third
quarter amid strong demand, and that its outlook for the remainder
of the year remains unchanged despite rising costs and supply-chain
Foxtons Year to September Delivered Strong Performance as
Foxtons Group PLC said Thursday that it delivered a strong
performance and increased revenue for the nine months to September,
with all business areas ahead of both 2020 and prior to the
Inspecs Group Nine-Month Performance Further Strengthened
Inspecs Group PLC said Thursday that the strong performance it
delivered in the first half continued into the third quarter and
that it is confident in its outlook for 2021 as a whole.
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(END) Dow Jones Newswires
October 28, 2021 03:10 ET (07:10 GMT)
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