FTSE Seen Opening Slightly Higher
London Stocks Seen Opening Slightly Higher
The FTSE 100 index is expected to edge up around 9.1 points at
the open, according to IG, having closed Wednesday at 7286.32,
although markets are likely to be subdued due to the U.S.
thanksgiving holiday. "The market mood is rather ok-ish after the
FOMC minutes, although Federal Reserve minutes showed that the U.S.
policymakers are now considering a faster QE taper and an earlier
interest rate hike if inflation continues running higher," says
Ipek Ozkardeskaya, senior analyst at Swissquote. The two-year U.S.
Treasury yield keeps rising but appetite for U.S. equities hasn't
been hit much as a result, she says. The Confederation of British
Industry's latest distributive trades survey is due at 1100
UK Energy Supplier Bulb Enters Government-Funded
British energy supplier Bulb Energy Ltd. has entered into
special administration after it declared itself insolvent on
Studio Retail 1H Pretax Profit Rose Significantly
Studio Retail Group PLC on Thursday reported a significant rise
in pretax profit for the first half of fiscal 2022 and said it is
confident about its performance for the reminder of the year.
Vivo Energy Agrees to $2.3 Bln Takeover By Vitol Group
Vivo Energy PLC said Thursday that it has agreed to a $2.3
billion takeover by VIP II Blue B.V., a wholly-owned, indirect
subsidiary of Vitol Investment Partnership II Ltd.
Mothercare Swung to Pretax Profit in 1H
Mothercare PLC said Thursday that it swung to a pretax profit in
the first half of fiscal 2022 as it implemented measures to improve
profitability amid a return to pre-pandemic levels of business.
Motorpoint Sees FY 2022 Profit Significantly Ahead of
Motorpoint Group PLC said Thursday that it expects performance
for the year ending March 31 to be significantly ahead of
expectations, and reported an improved profit for the first
Mitchells & Butlers FY 2021 Pretax Loss Narrowed on Recovery
Mitchells & Butlers PLC on Thursday reported a narrowed
pretax loss for fiscal 2021 and said it is returning to
profitability as demand recovers from pandemic-related
Motorpoint Appoints John Walden as Chairman
Motorpoint Group PLC said Thursday that it has appointed John
Walden as nonexecutive chairman with effect from Jan. 10.
Rio Tinto Developing Own Standard for Carbon Offsets
Rio Tinto is developing an internal quality standard that will
apply to any carbon offsets and has a particular interest in
nature-based solutions, Goldman Sachs says, citing comments from
the miner's head of energy development at a GS sustainability
conference. While the world's No. 2 mining company says it will
focus first on abatement of emissions, it recognizes carbon credits
have a role to play in reaching carbon goals but also that not all
offsets are equal, GS says. "Beneficial projects in and around
existing operations are likely to be the first focus, though the
business is also looking at carbon removals/CCS--in particular,
carbon mineralization," says GS.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka
Halas at email@example.com
(END) Dow Jones Newswires
November 25, 2021 03:06 ET (08:06 GMT)
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