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. (renae.dyer@wsj.com)

 
Companies News: 

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.

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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.

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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 buyback.

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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.

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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.

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UK Regulator Says Veolia, Suez Merger Raises Competition Concerns

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 said Tuesday.

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PageGroup Raises 2021 Operating Profit Guidance to Around GBP165 Mln

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 Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

December 07, 2021 03:05 ET (08:05 GMT)

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