FTSE 100 to Open Lower as Fed Lifts Rates, BOE Seen Following Suit
FTSE 100 to Open Lower as Fed Lifts Rates, BOE Seen Following
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."
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.
Informa Backs 2022 Guidance, Increases Buyback After Strong
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
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.
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.
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.
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.
Halfords Expects FY 2023 Profits to Fall on Lower Demand,
Halfords Group PLC on Thursday forecast lower profits for fiscal
2023 as reduced demand and cost inflation are hurting its
Inchcape Sees 2022 Pretax Profit Beat After Strong Distribution
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; email@example.com
(END) Dow Jones Newswires
June 16, 2022 03:04 ET (07:04 GMT)
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