FTSE Seen Steady at Open After Rate-Focused Selloff
FTSE 100 Seen Recovering Slightly After Selloff on Rate
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. (email@example.com)
AJ Bell Deputy CEO Michael Summersgill to Take Top Job in
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
S4 Capital Resolution for Director Remuneration Gets Low Support
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
Future Says on Track to Meet FY 2022 Guidance, Audience Growth
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
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
Glencore PLC on Friday raised price and cost guidance for its
coal operations and said that the trading business is outperforming
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
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 --
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.
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(END) Dow Jones Newswires
June 17, 2022 02:59 ET (06:59 GMT)
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