London Shares to Open Higher as Traders Focus On Key Data
FTSE 100 to Open Higher as Traders Focus On Key UK Data
The FTSE 100 is expected to open higher after closing the
previous session lower following remarks from Federal Reserve
officials supporting the case for imminent policy tightening.
Spreadbetter IG expects the London index to start trading up 25
points. "The main focus this week, away from U.S. earnings, is set
to be on the latest wages, unemployment and inflation numbers from
the U.K. economy, and the Bank of Japan [policy decision]
tomorrow," CMC Markets analyst Michael Hewson says. On the
corporate front, the main story is GlaxoSmithKline rejecting a
GBP50 billion bid from Unilever for the drugmaker's consumer goods
arm, he says. If Unilever's shares slump in early trade, markets
will consider any decision to raise its bid as unwise, he says.
Ashmore Group 2Q Assets Under Management Fell
Ashmore Group PLC said Monday that assets under management for
the second quarter of fiscal 2022 declined by $4.0 billion because
of a negative investment performance of $1.8 billion and net
outflows of $2.2 billion.
Hikma to Buy Canadian Assets of Teligent for $45.75 Mln
Hikma Pharmaceuticals PLC said Monday that it is buying the
Canadian assets of Teligent Inc. for $45.75 million.
Taylor Wimpey Met Its 2021 Views on Sales Rise; Expects Share
Taylor Wimpey PLC said Monday that its 2021 performance met its
expectations with higher completions on year, and said it currently
intends to start a share buyback at its full-year results.
Brighton Pier Sees 1H Sales Up 31% From Pre-Pandemic Levels
Brighton Pier Group PLC said Monday that it expects first-half
revenue to be 31% higher than in 2019, before the pandemic.
Unilever Looking to Reposition Portfolio Into Higher Growth
Unilever PLC said Monday it has decided that its future is in
materially expanding its presence in higher-growth categories such
as health, beauty and hygiene after it completed a strategic
Distil Nine-Month Revenue Dropped 28%
Distil PLC said Monday that its revenue fell 28% in the first
nine months of the fiscal year.
Capital & Counties Collects Most of 1Q Rent; Covent Garden
Value Fell in 2021
Capital & Counties Properties PLC said Monday that it has
received most of the rent for the first quarter, and its Covent
Garden estate value slipped slightly in 2021 overall.
Capital & Regional Saw Strong Christmas Trading; Collected
Most of 2021 Rent
Capital & Regional PLC said Monday that it enjoyed a solid
performance over the Christmas period with footfall outperforming
the national index, and it collected most of its rent for 2021.
Big Yellow Group Sees 3Q Revenue Increase
Big Yellow Group PLC said Monday that it expects to report a
rise in revenue and like-for-like closing occupancy for the third
Petroneft Resources Extends Loan by 12 Months
Petroneft Resources PLC said Monday that it has extended its
line of credit by a further 12 months after repaying 20% of the
principal sum outstanding and associated interest.
Unilever's Bid for Glaxo's Consumer-Healthcare Business Seen at
0706 GMT - GlaxoSmithKline has confirmed media reports of
Unilever's bids for the pharmaceutical company's 68%-owned
consumer-healthcare joint venture, with the latest one in December
amounting to GBP50 billion, Jefferies says. However, this latest
approach reflects a modest premium of around 10%, with Unilever
gaining control of a leading global business and likely able to
realize significant synergies, Jefferies says. In addition, the
bank says the planned spinoff of GSK's consumer-healthcare business
by mid-2022 is widely viewed as an event that could crystallize
value, and therefore a sale damps near-term appetite to own the
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(END) Dow Jones Newswires
January 17, 2022 03:08 ET (08:08 GMT)
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