FTSE 100 Seen Slightly Higher; Primark Sales Rebound Sharply
FTSE 100 Seen Opening Slightly Higher
0646 GMT - The FTSE 100 is expected to open slightly higher
after last week's losses on worries about weak economic growth and
monetary policy tightening by central banks. Spreadbetting firm IG
sees the index opening 17 points higher after closing Friday's
session 28 points lower. U.S. stock markets will be closed to
observe the Juneteenth federal holiday, which means trading volumes
are going to be low, AvaTrade analyst Naeem Aslam writes. There is
also little on the economic data calendar Monday. In company news,
Associated British Foods shares might be in focus after the food
processing and retail group posted an update.
Deliveroo Appoints Scilla Grimble as CFO
Deliveroo PLC said Monday that it has appointed Scilla Grimble
as chief financial officer and that she is expected to start by no
later than June 2023.
Euromoney Institutional in GBP1.6 Bln Takeover Talks
Euromoney Institutional Investor PLC said Monday that it is in
talks with a consortium comprising private equity company Astorg
Asset Management S.ar.l and Epiris LLP over a potential 1.6 billion
pound ($1.96 billion) takeover.
Union Jack Oil to Report Maiden Profit in 1H
Union Jack Oil PLC said Monday that it expects to report a
maiden profit for the first half of 2022.
AB Foods 3Q Revenue Rose as Primark Sales Were Above Prepandemic
Associated British Foods PLC said Monday that revenue for the
third quarter increased, helped by stronger pricing in ingredients,
and said that Primark revenue was above prepandemic levels.
Rank Lowers FY 2022 Underlying Operating Profit Views on Weaker
Rank Group PLC said Monday that it expects like-for-like
underlying operating profit for fiscal 2022 to be below its
previously guided range due to weaker-than-expected performance at
its Grosvenor casino business and inflationary cost pressures.
easyJet Warns on Costs, Capacity as Delays Hit Air Travel --
easyJet PLC warned Monday that its operating costs will be
higher than expected in the second half of the year, reflecting
additional leased aircraft, crew costs and airport charges.
Kingspan Sees Record 1H Profit Despite Market Deterioration
Kingspan Group PLC said Monday that it expects to report a
record profit for the first half of the year despite a market
deterioration in the last two months.
Filtronic Sees Increased FY 2022 Adjusted Ebitda on Sales Mix,
Filtronic PLC said Monday that it expects adjusted Ebitda for
fiscal 2022 to exceed market expectations after a strong second
half and a strong sales mix and tight cost control.
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(END) Dow Jones Newswires
June 20, 2022 03:10 ET (07:10 GMT)
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