London Stocks Seen Opening Slightly Lower
0649 GMT - The FTSE 100 is expected to open 7 points lower,
according to IG, having closed Tuesday at 7034.06. Losses for U.S.
stocks the previous day and weaker data out of China, including
retail sales and industrial production, are likely to dampen
sentiment. "The global economy is decelerating somewhat faster than
was expected from China to the U.S. and potentially in Europe on a
back of a well-known series of shocks," says Sebastien Galy, an
analyst at Nordea Investment. Concerns about elevated inflation
remain, with figures showing a slight softening in U.S. inflation
Tuesday failing to do much to improve risk appetite, while U.K.
figures earlier showed annual CPI inflation at 3.2%, higher than
the 2.9% forecast in a WSJ poll. Individual stocks in focus include
Tullow Oil, which announced a swing to 1H profit.
Tullow Oil CFO Les Wood to Step Down
Tullow Oil PLC said Wednesday that Chief Financial Officer Les
Wood has agreed with the board to step down.
Tullow Oil Swung to 1H Net Profit; Narrows 2021 Production
Tullow Oil PLC on Wednesday reported a profit for the first half
of the year and narrowed 2021 production guidance toward the upper
end of the range.
Fevertree Drinks' 1H Pretax Profit Grew
Fevertree Drinks PLC on Wednesday reported a rise in pretax
profit for the first half of 2021, which was marked by growth
across all of its key markets.
Trustpilot 1H Pretax Loss Widened
Trustpilot AS said on Wednesday that its first-half pretax loss
widened after booking higher costs, and raised its guidance for the
Darktrace Books Widened FY 2021 Loss, Raises FY 2022
Darktrace PLC on Wednesday reported a widened loss for fiscal
2021, reflecting non-cash costs, and raised guidance for the
Restaurant Group 1H Pretax Loss Narrowed Significantly
Restaurant Group PLC reported on Wednesday a significantly
narrowed pretax loss for the first 27 weeks of 2021 amid cuts to
Redrow Pretax Profit Rose in FY 2021
Redrow PLC said Wednesday that pretax profit rose for fiscal
2021 as revenue increased, and that performance in the new fiscal
year has been encouraging.
Pendragon Swung to 1H Profit, Supported by Strong Car Market
Pendragon PLC said Wednesday that it swung to a profit for the
first half of the year, reflecting tailwinds in the car market.
Ricardo Swung to FY 2021 Pretax Profit
Ricardo PLC said on Wednesday that it swung to a pretax profit
for fiscal 2021 after booking lower costs, and that it entered
fiscal 2022 with a robust order book and pipeline.
Epwin Group Swung to 1H Pretax Profit
Epwin Group PLC said Wednesday that it swung to a pretax profit
for the first half as revenue increased, and that it expects strong
demand from customers serving the renovation, maintenance and
improvement market--which represents around 70% of historic group
revenue--to continue in the foreseeable future.
Bridgepoint 1H Profit Rose in Maiden Listed Results, Deployment
at Normal Levels
Bridgepoint Group PLC said Wednesday that its profit and revenue
rose strongly in the first half of 2021, with capital deployment
returning to normal levels despite the lingering effects of the
Central Asia Metals Raises Dividend as Commodity Prices Boost 1H
Central Asia Metals PLC on Wednesday reported an improved profit
for the first half and raised its interim dividend.
Character Group Sees FY 2021 Underlying Pretax Up to 10% Below
Character Group PLC said Wednesday that its full-year
performance has been hit by shipping issues, noting that underlying
pretax profit is now expected to be no more than 10% below market
Global Commodity Markets Entering a New Super Cycle
0423 GMT - Global commodity prices look to be embarking on a new
super cycle, says Shane Oliver, chief economist at AMP Capital.
After bottoming in last year's global lockdown, metal prices and
wider commodity indexes that include energy have surged to around
the last mining boom highs of around 2011. The key drivers are a
surge in demand for goods, onshoring requiring new capital
investment to avert a rerun of pandemic supply chain disruptions,
the demand for clean energy and vehicles, all compounded by global
underinvestment in new commodity supply, he says. A battery
electric vehicle contains four to 10 times as much copper as a
conventional car. (email@example.com ; @JamesGlynnWSJ)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
(END) Dow Jones Newswires
September 15, 2021 03:12 ET (07:12 GMT)
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