FTSE 100 Seen Lower With PMI Data in Focus
24 May 2022 - 5:10PM
Dow Jones News
FTSE 100 Seen Opening Lower as Key Data In Focus
0636 GMT - The FTSE 100 is expected to open lower with IG
futures data showing the London index falling 58 points. "While
U.S. markets closed in solidly positive territory yesterday,
momentum overnight has waned with the result that today's European
open looks set to be a negative one," CMC Markets analyst Michael
Hewson says in a note. The main focus is on data that showed U.K.
public sector net borrowing fell to GBP18.6 billion in April from
GBP24.3 billion last year, as well as U.K. and eurozone purchasing
managers index surveys at 0800 GMT and 0830 GMT, respectively, and
remarks from European Central Bank President Christine Lagarde
suggesting interest rates could be raised in July, he says.
(renae.dyer@wsj.com)
Companies News:
Hikma Pharmaceuticals CEO Siggi Olafsson to Step Down
Hikma Pharmaceuticals PLC said Tuesday that Siggi Olafsson has
resigned as Chief Executive Officer and will be temporally replaced
by the executive chairman and former CEO Said Darwazah.
---
RS Group FY 2022 Revenue, Pretax Profit Rose on Improved
Performance Across Regions
RS Group PLC said Tuesday that fiscal 2022 pretax profit and
revenue rose after experiencing improved performance in all three
of the regions in which it operates.
---
Shaftesbury Swings to 1H Profit, Doubles Dividend
Shaftesbury PLC said Tuesday that it swung to a profit in the
first half of the fiscal year, mainly due to revaluation surpluses,
and doubled its dividend.
---
Cranswick FY 2022 Pretax Profit Rose; Current FY Performance in
Line With Mgmt Views
Cranswick PLC on Tuesday reported a rise in pretax profit for
fiscal 2022, and said performance for the current financial year
has so far been in line with management expectations.
---
Topps Tiles 1H Pretax Profit Rose; Says Sales Continue to Grow
in 2H
Topps Tiles PLC on Tuesday reported a rise in pretax profit for
the first half of fiscal 2022 and said that its performance remains
strong, with like-for-like sales growing 5.7% in the first seven
weeks of the second half.
---
U.K. Regulator Clears National Express, Stagecoach Merger, But
Deal Will Not Proceed
The U.K. Competition and Markets Authority said Tuesday that the
merger between National Express Group PLC and Stagecoach Group PLC
didn't qualify for investigation under the merger provisions of the
Enterprise Act 2002.
---
Hilton Food Says 2022 YTD Performance in Line With Internal
Views
Hilton Food Group PLC said Tuesday that its performance in 2022
has been in line with internal expectations, with sales rising in
the year to date.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
May 24, 2022 02:55 ET (06:55 GMT)
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