London Stocks Seen Opening Lower

0645 GMT - The FTSE 100 index is expected to open 28 points lower, according to IG, having closed on Thursday at 7562.92. "U.S. futures are slightly in the negative...as the rally in energy prices certainly throws a shadow on the latest optimism, keeping the inflation worries tight, as soaring energy prices are one of the major [factors] responsible for the skyrocketing inflation," Swissquote analyst Ipek Ozkardeskaya says in a note. There is little on the calendar Friday, barring monthly U.S. personal income and spending data. (jessica.fleetham@wsj.com)

 
Companies News: 

Vistry Group Starts GBP35 Mln Share Buyback

Vistry Group PLC said Friday that it is starting a 35 million pounds ($44.1 million) share buyback program to return surplus capital to shareholders.

---

Premier Miton 1H Pretax Profit, Assets Under Management Increased

Premier Miton Group PLC reported on Friday a rise in pretax profit and assets under management for the first half of fiscal 2022 and said it is in a good position to gain market share.

---

Stagecoach Buys East London Bus Operations for GBP20 Mln

Stagecoach Group PLC said Friday that it is buying the East London bus operations and depot at Lea Interchange from Kelsian Group for 20 million pounds ($25.2 million).

---

Gemfields Group Reports Record Revenue for May Emerald Auction

Gemfields Group Ltd. on Friday reported record revenue and prices for a set of emerald auctions held in May.

---

LSL Property Sees 2022 Profit Slightly Behind 2021 Levels

LSL Property Services PLC said on Friday it expects profit for 2022 to be slightly behind the record levels of 2021, citing residential pipeline conversion rates and a limited impact from inflation.

---

Big Technologies Confident in Full-Year Expectations After 4-Month Revenue Rose

Big Technologies PLC said Friday that it is confident of posting 2022 results at least in line with current market expectations after revenue in the first four months rose 18% on year.

---

4D Pharma Says Trial for Treatment of Urothelial Carciroma with MRx0518 Drug Progresses Well

4D pharma PLC said Thursday that the combination of its MRx0518 drug in combination with Bavencio has shown in a trial that it improves the outcomes for patients diagnosed with advanced or metastatic urothelial cancer.

---

Kibo Energy Pulls Back on GBP10 Mln Solar Park Acquisition in Zimbabwe

Kibo Energy PLC said Friday that it has elected to terminate the 10 million pound ($12.6 million) acquisition of the Victoria Falls solar park project in Zimbabwe after concluding due diligence.

---

Caffyns FY 2022 Revenue, Pretax Profit Rose on Buoyant Used-Car Market

Caffyns PLC said Friday that fiscal 2022 pretax profit and revenue increased due to a buoyant used-car market, and that it has declared a dividend for the year.

---

Home REIT Beats Share Placing Target and Raises GBP263 Mln

Home REIT PLC said Friday that it has raised significantly more than it expected via an oversubscribed discounted share placing.

 
Market Talk: 

BHP Edges Rio Tinto as Market Focus Tilts Toward Growth

2329 GMT -- BHP has the edge over Rio Tinto as an investment opportunity as the market focus tilts toward growth, says UBS analyst Lachlan Shaw in a note. "We prefer BHP on operational performance and portfolio/growth optionality," Shaw says. "BHP has an unparalleled copper equity resource position and significant nickel optionality." Still, UBS is neutral-rated on both stocks. While elevated commodity prices continue to drive strong earnings for both miners in the short term, UBS is cautious around the price of iron ore in the medium to long term. Most of BHP and Rio Tinto's profit comes from iron-ore sales. (david.winning@wsj.com)

 

Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

May 27, 2022 03:03 ET (07:03 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Jun 2022 to Jul 2022 Click Here for more FTSE 100 Charts.
FTSE 100
Index Chart
From Jul 2021 to Jul 2022 Click Here for more FTSE 100 Charts.