London Stocks to Track Global Losses as Inflation Fears Grow
19 May 2022 - 5:24PM
Dow Jones News
London Stocks Seen Opening Lower
0650 GMT - The FTSE 100 is expected to open 44 points lower,
according to IG, having closed on Wednesday at 7438.08, after sharp
falls in Asian and U.S. stocks due to weak earnings reports which
renewed fears about high inflation weighing on growth. "Asian
markets were under heavy pressure overnight, as markets reeled from
the worst day for Wall Street since 2020," IG says in a note. "The
brief bounce in risk assets in the first half of the week looks to
have now turned entirely, as inflation and growth fears reassert
themselves." Royal Mail, Smiths Group, easyJet and Investec are
among a number of individual stocks in focus after earnings
updates. (jessica.fleetham@wsj.com)
Companies News:
Royal Mail FY 2022 Pretax Profit Fell, Revenue Rose Slightly
Royal Mail PLC said Thursday that pretax profit fell in fiscal
2022 due to a strong comparative period, though revenue rose
slightly.
---
Smiths Group Nine-Month Organic Revenue Rose; Backs FY 2023
Revenue Views
Smiths Group PLC said on Thursday that organic revenue for first
nine months of its fiscal 2022 grew, but reiterated its full-year
guidance on revenue growth given macroeconomic uncertainties.
---
National Grid Expects Flat FY 2023 Earnings After FY 2022's
Strong Growth
National Grid PLC on Thursday forecast flat earnings for fiscal
2023, and reported an improved profit for fiscal 2022.
---
Currys Appoints ASOS' Ian Dyson as Chairman
Currys PLC said Thursday that it has appointed Ian Dyson to
succeed Ian Livingston as chairman in September.
---
EasyJet 1H Pretax Loss Narrowed as Capacity Increased, Warns on
Higher 2H Costs
easyJet PLC said Thursday that its pretax loss for the first
half of fiscal 2022 narrowed as revenue rose due to increased
capacity, but that fuel prices and the dollar exchange rate will
add to costs in the second half.
---
Investec FY 2022 Pretax Profit, Funds Under Management Rose
Investec PLC said Thursday that pretax profit and funds under
management increased in fiscal 2022, driven by the postpandemic
economic recovery, and raised its dividend payout.
---
QinetiQ FY 2022 Pretax Profit Fell on Higher Costs
QinetiQ Group PLC said Thursday that pretax profit fell for
fiscal 2022 after booking higher costs, and that it has entered
fiscal 2023 with confidence, positive momentum and a healthy order
book.
---
Royal Mail FY 2022 Pretax Profit Fell Despite Revenue Rise;
Warns on Short-Term Challenges
Royal Mail PLC said Thursday that pretax profit fell in fiscal
2022 against a strong comparative period, though revenue rose
slightly, and it sees clear short-term challenges over the coming
year.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
May 19, 2022 03:09 ET (07:09 GMT)
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