FTSE 100 to Open Lower as Jobs Data Support Rate Rise Bets
FTSE 100 to Open Lower as UK Jobs Data Support Rate Rise
0742 GMT - The FTSE 100 is expected to open lower as investors
react to the latest U.K. employment data. Spreadbetting firm IG
sees the London index opening down 14 points. U.K employers added a
record 184,000 staff to their payrolls in December, according to
the Office for National Statistics. The unemployment rate fell 0.4
percentage point to 4.1% in the three months to the end of
November, below economists' forecasts of 4.2% in a WSJ survey. "A
robust labor market further supports current expectations for the
Bank of England to continue hiking interest rates this year,"
Silicon Valley Bank analyst Sam Cooper says.
Rio Tinto's Australian Iron-Ore Shipments Fall
Rio Tinto's annual iron-ore shipments from its Australian mining
operations fell by 3% in 2021 with projects disrupted by a worker
shortage and supply chain issues, but expects shipments will likely
increase this year.
Genel Energy Expects Cash Flow to More Than Double in 2022
Genel Energy PLC said Tuesday that it expects cash flow to more
than double in 2022.
888 Holdings Sees 2021 Revenue Growth of 14% on Expansion in
888 Holdings PLC said Tuesday that it expects to report revenue
growth of 14% for 2021, driven by an expansion in regulated
Henry Boot Sees 2021 Pretax Profit Beating Market Views
Henry Boot PLC said Tuesday that it ended 2021 with a pretax
profit materially ahead of the market's expectations and that it is
making good progress against its new medium-term strategic
Elementis 4Q Performance in Talc Division Below Year-Earlier
Elementis PLC said Tuesday that performance in its Talc division
in the fourth quarter was below that from a year earlier because of
reduced automotive-related demand stemming from semiconductor
Energean Adjusted Earnings Jumped 88% in 2021
Energean PLC on Tuesday reported that its adjusted earnings
nearly doubled in 2021.
ProCook Sees 3Q Revenue Growth, Gross Margin Fall
ProCook Group PLC said Tuesday that it expects to report a
revenue increase for its third quarter but a gross margin decline
in line with its expectations amid supply-chain issues.
Brickability Sees FY 2022 Adjusted Ebitda Rising Ahead of Market
Brickability Group PLC said Tuesday that it expects its fiscal
2022 adjusted Ebitda to exceed current market expectations.
THG Expects FY 2022 Growth Margins to Get Boost From Strong
THG PLC said Tuesday that it expects 2022 growth margins to
improve, as the company benefits from continued strong demand, and
that it remains confident about its growth plans.
Petra Diamonds 1H Revenue Rose 49%
Petra Diamonds Ltd. on Tuesday reported revenue rose 49% in the
first half of the fiscal year.
Brent Prices Rise, OECD Oil Inventories Set to Be Lowest Since
0450 GMT - Brent prices rise in the Asian session amid
expectations of an increasingly tight market, Goldman Sachs says.
"Robust fundamentals have reversed last year's oil price melt-down,
with the market remaining in a surprisingly large deficit as the
Omicron demand hit is so far smaller" than expected, the investment
bank says. A lack of progress on the Iran nuclear talks may mean a
ramp-up of oil production in the country would be slower than
expected, it says. This may "bring OECD inventories to their lowest
level since 2000," Goldman says. Front-month Brent is 0.8% higher
at $87.15/bbl, its highest level since
Rio Tinto's 2022 Earnings Will Likely Hinge on Prices, Costs
0028 GMT - Rio Tinto's 4Q production was somewhat lower than
Jefferies had been expecting and, based on the miner's 2022
guidance, the bank expects little volume growth for the company
overall this year. "This means that Rio's earnings trajectory for
2022 will depend entirely on prices and unit costs," says
Jefferies, adding that a weaker iron-ore price could be a headwind
after 1Q. Rio Tinto shares are flat in Sydney.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
(END) Dow Jones Newswires
January 18, 2022 03:03 ET (08:03 GMT)
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