FTSE 100 Seen Higher as Asian Markets, US Futures Gain
FTSE 100 Seen Opening Higher as US Traders Return From
0638 GMT - The FTSE 100 is seen opening higher following gains
in Asian markets and ahead of an expected positive start to trading
on Wall Street as U.S. investors return from Monday's Fourth of
July holiday. London's blue-chip stocks index is expected to open
24 points higher while the Dow is seen starting up 190 points,
according to IG. There is "a lot of optimism among traders that the
Biden administration could be rolling back some of the tariffs
imposed on China during the Trump era to ease inflation," AvaTrade
analyst Naeem Aslam writes. "Higher inflation has created a
significant threat to the U.S. economy, and there are higher
chances of the U.S. economy falling into a recession."
AstraZeneca to Buy TeneoTwo for Up to $1.27 Bln
AstraZeneca PLC said Tuesday that it is buying TeneoTwo, Inc.
for up to $1.27 billion in a deal that strengthens its
haematological cancer pipeline.
B&M European Value Retail Appoints Mike Schmidt as CFO
B&M European Value Retail SA said Tuesday that it has
appointed Mike Schmidt as its next chief financial officer.
Ashtead Technology Shareholder Sells 10 Mln Shares at 200p
Numis Securities Ltd. said Tuesday that it has now placed 10
million shares of Ashtead Technology Holdings PLC at 200 pence each
on behalf of BP Inv2 Newco Ltd., as first flagged late Monday.
Sainsbury's 1Q Like-For-Like Sales Declined; Blathnaid Bergin
Appointed New CFO
J Sainsbury PLC said Tuesday that like-for-like sales declined
in the first quarter of fiscal 2023, and added that its current
commercial and retail finance director, Blathnaid Bergin, has been
appointed as its new chief financial officer.
Quiz FY 2022 Pretax Profit Fell; Warns of Inflation Pressure on
Quiz PLC reported Tuesday a significant decline in pretax profit
for fiscal 2022 and said its sales performance will be hit by the
effects of inflation on customers' shopping habits.
Young & Co.'s Brewery 13-Week Comparable Revenue Rose
Young & Co.'s Brewery PLC said Tuesday that the strong
performance of the final quarter of last year has continued, with
like-for-like revenue in the first thirteen weeks of the new fiscal
year up 35%.
Biffa Bid Talks With Energy Capital Are Continuing; U.K.
Takeover Panel Extends Bid Deadline
Biffa PLC said Tuesday that takeover talks with Energy Capital
Partners LLC are continuing, and that in order for them to continue
the U.K. Takeover Panel has agreed to extend the bid deadline until
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(END) Dow Jones Newswires
July 05, 2022 03:05 ET (07:05 GMT)
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