FTSE 100 Seen Opening Higher as Markets Recover
London Stocks Seen Opening Higher as Markets Recover
The FTSE 100 is expected to open 36.2 points higher, according
to IG, having closed Tuesday at 7059.45, as stocks rebound after
the previous day's falls and fears about the Omicron variant of
coronavirus ebb. U.S. stocks had initially fallen after Federal
Reserve Chair Jerome Powell said inflation was "not transitory" but
then later recovered, Ipek Ozkardeskaya, analyst at Swissquote,
says. For now, investors might be relieved that Powell seemed
unconcerned by Omicron but their worries haven't gone away, she
says. "Jerome Powell may not be concerned with the new Omicron
strain, but investors are, and watching the Fed support fade away
is certainly not the best news and the news doesn't come at the
UK Retail Prices Rose in November, Set to Accelerate Further
U.K. retail prices rose year-on-year in November for the first
time in two and a half years, with prices set to continue rising
over the Christmas period, according to the latest report by
Nielsen and the British Retail Consortium.
STV Group Sees 2021 Advertising Revenue Rise on Stronger 4Q
STV Group PLC said Wednesday that it expects total advertising
revenue for 2021 to be at a record level, with a
stronger-than-expected fourth quarter.
Online Blockchain Swung to FY 2021 Pretax Profit
Online Blockchain PLC on Wednesday reported a profit for the
year ended June 30.
Drax Sees 2021 Adjusted Ebitda at Top End of Expectations
Drax Group PLC on Wednesday forecast that its 2021 adjusted
earnings before interest, taxes, depreciation and amortization will
be around the top end of current analysts' expectations.
Brickability 1H Profit, Revenue Rose; Names New COO
Brickability Group PLC said Wednesday that pretax profit more
than doubled and revenue nearly tripled for the first half of
fiscal 2022, and named Paul Hamilton as its new chief operating
Blue Prism Agrees to Improved GBP1.23 Bln Offer from SS&C;
Withdraws Vista Recommendation
Blue Prism Group PLC said Wednesday that it has agreed a new,
higher 1.23 billion-pound ($1.64 billion) takeover by SS&C
Technologies Holdings, Inc. and withdrawn its recommendation for
Vista Equity Partners' offer.
S4 Capital Acquires Maverick Digital
S4 Capital PLC said Wednesday that U.S. Salesforce specialist
Maverick Digital is merging with the company's Media.Monks
Loungers 1H Pretax Profit, Revenue Rose
Loungers PLC said Wednesday that first-half pretax profit rose
on higher revenue, and that while it is mindful of the Omicron
coronavirus variant it is optimistic about the Christmas period and
Springfield Properties Buys Tulloch Homes; Proposes Placing to
Springfield Properties PLC said Wednesday it has conditionally
acquired private house builder Tulloch Homes for 56.4 million
pounds ($75.0 million), and proposed a placing to help refinance
part of the cash consideration.
Amedeo Air Four Plus to Return GBP30 Mln to Shareholders;
Reinstate Dividends in 2022
Amedeo Air Four Plus Ltd. said Wednesday that it will return 30
million pounds ($39.9 million) to shareholders via a partial
compulsory redemption of ordinary shares on Dec. 8, and that the
board intends to reinstate dividends in 2022.
Drax Aims to Double Biomass Pellet Production, Sales by 2030
Drax Group PLC on Wednesday set targets to double both its
biomass pellet production and sales by 2030.
IG Group Proposes Sale of Small Exchange Stake and Nadex for
IG Group Holdings PLC said Wednesday that it has proposed the
sale of North American Derivatives Exchange, Inc. or Nadex, and its
stake in Small Exchange, Inc. for around $216 million.
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(END) Dow Jones Newswires
December 01, 2021 03:11 ET (08:11 GMT)
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