FTSE 100 Seen Recovering Slightly After Selloff on Rate Rises

0638 GMT - The FTSE 100 is expected to open higher, attempting to recover after closing the previous session at a three-month low following a series of interest rate rises by major central banks. Spreadbetting firm IG expects the London index of blue-chip stocks to open up 37 points after closing down 228 points to 7044 points on Thursday. "We've seen quite the market meltdown in the last 24 hours, in the aftermath of a raft of rate hikes from the Federal Reserve, Swiss National Bank and the Bank of England," CMC Markets analyst Michael Hewson writes. U.S. stock futures are showing a bit of a rebound Friday, which means European markets look set to open in positive territory, he says. (renae.dyer@wsj.com)

 
Companies News: 

AJ Bell Deputy CEO Michael Summersgill to Take Top Job in October

AJ Bell PLC said Thursday that Deputy Chief Executive Officer Michael Summersgill will succeed CEO Andy Bell from Oct. 1, with Mr. Bell assuming the role of nonexecutive deputy chairman from then.

---

S4 Capital Resolution for Director Remuneration Gets Low Support at AGM

S4 Capital PLC said Thursday that all resolutions at its annual general meeting passed, but that a resolution to approve the new directors' remuneration policy received low shareholder support in favor.

---

Future Says on Track to Meet FY 2022 Guidance, Audience Growth Returns

Future PLC said Friday that it is on track to achieve its full-year guidance as the encouraging start to the second half of fiscal year 2022 has continued.

---

M&C Saatchi Withdraws Recommendation for Next Fifteen Takeover

M&C Saatchi PLC said Friday that it no longer considers the takeover offer from Next Fifteen Communications Group PLC to be fair and reasonable, as Next's share price has fallen since the offer was made.

---

Glencore Raises Coal Guidance Amid Unprecedented Market Conditions

Glencore PLC on Friday raised price and cost guidance for its coal operations and said that the trading business is outperforming expectations.

---

Curtis Banks Says COO Jane Ridgley Is Retiring

Curtis Banks Group PLC said Friday that its Chief Operating Officer Jane Ridgley is retiring, and that it has started a search for a successor.

---

Access Intelligence Sees 1H Revenue Increase Following Isentia Buy

Access Intelligence PLC said Friday that revenue increased significantly in its first half after the acquisition of media monitoring, intelligence and insights company Isentia.

---

Allied Minds Names Bruce Failing as Interim Chairman

Allied Minds PLC said Friday that former senior independent director Bruce Failing has assumed the role of interim chairman, after former Chairman Harry Rein stepped down as planned.

---

Tesco 1Q Comparable Revenue Rose, But UK Sales Fell -- Update

Tesco PLC said Friday that like-for-like sales rose in the first quarter of fiscal 2023, although U.K. revenue had a hit on an on-year basis, and noted that its full-year guidance for its profit and cash performance remains unchanged.

 

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

(END) Dow Jones Newswires

June 17, 2022 02:59 ET (06:59 GMT)

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