FTSE 100 to Rise After Global Gains
24 June 2022 - 5:27PM
Dow Jones News
FTSE 100 to Rise After Gains in US, Asia
0647 GMT - The FTSE 100 is seen recovering some ground after
gains in U.S. and Asian stocks with spreadbetter IG expecting the
London stocks index to open 40 points higher after closing 68
points lower Thursday. "Because of the positive U.S. close, and
positive Asia session, European markets are set to see a positive
open, with today's focus on U.K. retail sales for May, and the
latest German IFO survey for June," CMC Markets analyst Michael
Hewson writes. U.K. retail sales fell 0.5% on month in May versus
the 0.7% decline expected by economists in a WSJ survey. April's
data was revised lower to show 0.4% growth versus 1.4% growth
previously. The German IFO survey is due at 0800 GMT.
(renae.dyer@wsj.com)
Companies News:
Barclays to Buy Kensington Mortgage Co., Portfolio for Around
$2.8 Bln
Barclays PLC said Friday that it has agreed to acquire
Kensington Mortgage Co. and a related portfolio of U.K. mortgages
for around 2.3 billion pounds ($2.82 billion).
---
Ferguson Launches GBP375 Mln Share Buyback
Ferguson PLC said Friday that it is starting a share buyback of
375 million pounds ($459.8 million) in continuation of its $2
billion repurchase program.
---
Lamprell Says Blofeld Takeover Offer Is at a Significant
Discount
Lamprell PLC said Friday that it considers the takeover cash
offer from Blofeld Investment Management to be at a significant
discount to the prevailing share price and so far no agreement has
been reached.
---
RPS Group Says Five-Month Performance Was Better Than
Expected
RPS Group PLC said Friday that its performance in the first five
months of the year was better than expected.
---
Trackwise Designs Sees 2022 Sales Below Market Views on Lower
Demand
Trackwise Designs PLC said Friday that sales for 2022 are
expected to be below market views due to reduced customer
demand.
---
Foresight Sustainable Forestry Raises GBP45 Mln Via Equity
Issue
Foresight Sustainable Forestry Co. said Friday that it has
raised 45 million pounds ($55.2 million) via share issue to acquire
further assets.
---
Essentra to Sell Packaging Businesses for GBP312 Mln
Essentra PLC said Friday that it will sell its packaging
businesses ESNT Packaging & Securing Solutions Ltd. and
Essentra Packaging US Inc. for 312 million pounds ($382.5 million)
in cash.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
June 24, 2022 03:12 ET (07:12 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
FTSE 100
Index Chart
From Mar 2024 to Apr 2024
FTSE 100
Index Chart
From Apr 2023 to Apr 2024