FTSE 100 to Extend Rally as Omicron Concerns Ease
FTSE 100 to Rise as Omicron Concerns Ease
0743 GMT - The FTSE 100 is seen opening higher as concerns over
the Omicron coronavirus variant ease after early hospital data from
South Africa suggests it could result in less severe illness than
previous waves. Spreadbetting firm IG expects the London index to
rise 23 points at the start of trading. "Indications so far still
show [Omicron] isn't prompting a big rise in hospitalisations and
deaths, raising the hope that while it may be as transmissible as
the common cold, that could be as bad as it gets," CMC Markets
analyst Michael Hewson says.That hope drove Monday's market gains
but it doesn't take too much for sentiment to switch from being
positive to negative, he says. (email@example.com)
Ashtead Posts Improved 2Q Profit, Sees Full-Year Performance
Ahead of Views
Ashtead Group PLC on Tuesday reported a higher profit for the
second quarter of its fiscal year, and said it expects full-year
performance to be ahead of its previous expectations.
Ferguson 1Q Revenue, Profit Rose; Raises Full-Year View
Ferguson PLC said Tuesday that its performance for the first
quarter of fiscal 2022 was marked by a rise in operating profit and
revenue, and raised its full-year outlook.
British American Tobacco Backs 2021 Revenue Growth Guidance
British American Tobacco PLC backed its revenue growth guidance
on Tuesday, and said that it recognizes the value of a share
Babcock International Swung to 1H Pretax Profit
Babcock International Group PLC on Tuesday reported a swing to
pretax profit for the first half of its fiscal 2022 as it recovered
from coronavirus-related effects.
Inchcape to Buy Interamericana Trading, Simpson Motors
Inchcape PLC said Tuesday that it has agreed to buy
Interamericana Trading Corp. and Simpson Motors from the Simpson
Group for an undisclosed amount.
UK Regulator Says Veolia, Suez Merger Raises Competition
The merger between Suez SA and Veolia Environnement SA could
lead to a loss of competition in the supply of water-and-waste
management services, the U.K. Competition and Markets Authority
PageGroup Raises 2021 Operating Profit Guidance to Around GBP165
PageGroup PLC said Tuesday that it has raised its guidance for
2021 operating profit after positive momentum continued in the
period from Oct. 1 to Nov. 30.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
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December 07, 2021 03:05 ET (08:05 GMT)
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