UKX FTSE 100 Index

FTSE 100 to Open Lower as Fed Lifts Rates, BOE Seen Following Suit

0642 GMT - The FTSE 100 is expected to open lower as investors weigh an interest rate hike by the Federal Reserve and await the Bank of England's policy decision later Thursday. IG futures data show the FTSE 100 opening down 39 points. The Fed raised rates 75 basis points on Wednesday and signaled further rate rises to curb inflation. The Fed's decision increases pressure on the BOE to deliver at least a 50bp rate hike in its decision at 1100 GMT, CMC Markets analyst Michael Hewson writes. "For too long the Bank of England has given the impression it doesn't really care about its inflation target, and that needs to change." (renae.dyer@wsj.com)

 
Companies News: 

Halma Reports Higher FY 2022 Profit, Expects Growth to Continue in FY 2023

Halma PLC on Thursday reported an improved profit for the year ended March 31 and forecast further growth for fiscal 2023.

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Informa Backs 2022 Guidance, Increases Buyback After Strong Five-Month Trading

Informa PLC on Thursday backed its guidance for the full year and increased its share buyback program after booking strong performances in all businesses in the first five months of 2022.

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Halma Names Marc Ronchetti as Next CEO; Andrew Williams to Retire Next Year

Halma PLC said Thursday that Chief Executive Officer Andrew Williams has decided to retire next year, and he will be succeeded by Chief Financial Officer Marc Ronchetti.

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Capco to Buy Shaftesbury in All-Share Deal

Capital & Counties Properties PLC said Thursday that it has agreed to buy Shaftesbury PLC in an all-share deal that will give Shaftesbury shareholders 53% of the combined group.

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France's Veolia to Sell Suez's UK Waste Business

Veolia Environnement SA will sell Suez's waste business in the U.K., after the country's antitrust watchdog--the Competition and Markets Authority--said its takeover of Suez would harm competition in the supply of several waste- and water-management services.

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ASOS Warns of Inflation Hit; Appoints New CEO, Chairman

ASOS PLC said Thursday that it has adjusted it outlook for fiscal 2023 as inflation hits consumers, and that it has appointed Jose Antonio Ramos as its new chief executive officer and Jorgen Lindemann as chairman.

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Halfords Expects FY 2023 Profits to Fall on Lower Demand, Inflation

Halfords Group PLC on Thursday forecast lower profits for fiscal 2023 as reduced demand and cost inflation are hurting its performance.

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Inchcape Sees 2022 Pretax Profit Beat After Strong Distribution Business Performance

Inchcape PLC said Thursday that it has continued to perform strongly since its first-quarter update, with 2022 pretax profit now forecast to beat market consensus after the strong performance of its distribution business.

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

(END) Dow Jones Newswires

June 16, 2022 03:04 ET (07:04 GMT)

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