FTSE 100 Set to Rise on Late U.S. Rebound
26 January 2022 - 7:21PM
Dow Jones News
FTSE 100 Set to Rise After Mixed Asia Trading, US Drop
0726 GMT - The FTSE 100 is expected to open 60 points higher at
7431, according to CMC Markets, after mixed trading in Asia and a
lower close on Wall Street. Stocks in mainland China are higher,
but lower in Hong Kong and Japan. The Dow closed 0.2% lower
Tuesday. "After yesterday's negative finish in the U.S., which was
led by another big loss for the Nasdaq 100, but a strong rally off
the lows for the Dow, European markets look set for a positive
start, as we look ahead to two central bank meetings, from the
Federal Reserve and the Bank of Canada," CMC analyst Michael Hewson
says. (philip.waller@wsj.com)
Companies News:
Sage Group Says 1Q Was in Line; Backs FY 2022 Guidance
Sage Group PLC said Wednesday that growth was in line with
expectations in the first quarter of its fiscal 2022 and it backed
its guidance for the full year.
---
U.K. Watchdog Issues Enforcement Order on National Express,
Stagecoach Deal
The U.K. Competition and Markets Authority on Wednesday issued
an initial enforcement order on National Express Group PLC's
planned takeover of Stagecoach Group PLC, preventing the companies
from fully combining while it considers the deal.
---
Fresnillo Operations in Mexico Hit by Omicron Variant, New Labor
Rules
Fresnillo PLC on Wednesday said that the pandemic and the new
labor reform in Mexico is hampering its mining operations, and
forecast lower gold production for this year.
---
Brewin Dolphin 1Q Total Funds Under Management Rose
Brewin Dolphin Holdings PLC said Wednesday that its total funds
under management rose in the first quarter of fiscal 2022,
benefiting from growth across both its direct and indirect
business.
---
Playtech Notes Media Speculation on Future; Reiterates Support
for Aristocrat Bid
Playtech PLC said Wednesday that it has noted recent media
speculation on its future strategy and that it reiterates its
recommendation that shareholders vote in favor of the offer from
Aristocrat Leisure Ltd.
---
Wizz Air 3Q Pretax Loss Widened; Warns on 4Q Results
Wizz Air Holdings PLC on Wednesday reported a widened pretax
loss for the third quarter of fiscal 2022 after booking
significantly higher prices and seeing the average revenue per
passenger decrease, and warned of a hit from the impact of the
Omicron Covid-19 variant in the last quarter of the year.
---
Tullow Oil Sees 2021 Free Cash Flow Ahead of Guidance
Tullow Oil PLC said Wednesday that it expects to report
better-than-expected free cash flow for 2021, reflecting supportive
oil prices, focus on costs and favorable working capital
movements.
---
Bloomsbury Publishing Says FY 2022 Revenue, Profit to Beat
Expectations
Bloomsbury Publishing PLC said Wednesday that it expects to
report revenue and profit ahead of market expectations for fiscal
2022.
---
Digital 9 Infrastructure Raises GBP95.2 Mln via Share
Placing
Digital 9 Infrastructure PLC said Wednesday that it has raised
95.2 million pounds ($128.6 million) via the share placing
announced earlier this month.
---
Pets at Home Expects FY2022 Underlying Pretax Pft to Beat Market
Views After Strong 3Q
Pets at Home Group PLC said Wednesday that revenue increased in
the third quarter of fiscal 2022, and that it expects to post a
full-year underlying pretax profit above market expectations.
---
Quilter 4Q Assets Under Management Rose 13%
Quilter PLC said Wednesday that assets under management rose 13%
in the fourth quarter of 2021.
Market Talk:
Equity Market Correction Unlikely to Turn Into Bear Market
0713 GMT - The current correction in global equity markets is
unlikely to deepen much further and turn into a bear market,
Goldman Sachs says. While higher interest rates are a concern to
investors, they are expected amid a transition from an era of
deflationary tail risks to one characterized by inflationary risks,
the investment bank says. Goldman forecasts rates will peak around
2.75% in the U.S.--still around 100 basis points higher than market
pricing--but this would still be very low relative to history and
unlikely to generate a recession, it says. "Rising interest rates
are generally not outright negative for equity markets," Goldman
says. (yongchang.chin@wsj.com)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
January 26, 2022 03:06 ET (08:06 GMT)
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