FTSE 100 Set to Fall as Inflation Fears Persist
FTSE 100 Set to Fall After Mixed Asia Trading
0625 GMT - The FTSE 100 Index looks set to open 95 points lower
at 7217, according to IG futures data, after mixed trading in Asia,
though Wall Street closed higher. Markets in Australia, Hong Kong
and Japan are all in negative territory, but mainland China stocks
make gains and the Dow rose 0.3% Wednesday. Brent crude advances
0.3% to $112.79 a barrel. "U.S. personal spending data and German
retail sales for May might bring more evidence that higher prices
are taking their toll on consumers' willingness to spend and in
turn stoke markets' recession fears," Danske Bank analysts say in a
Smiths Secures Uninsured Pension Liabilities via GBP640 Mln Deal
With Rothesay Life
Smiths Group PLC said Thursday that it has completed a deal to
secure its remaining uninsured pension liabilities through a 640
million pound ($775.7 million) bulk annuity buy-in with Rothesay
Life PLC, a U.K. pensions specialist.
Frasers Group Buys 28.7% Holding in MySale for Undisclosed
Frasers Group PLC said Thursday that it has bought a 28.7%
shareholding in Australian-based fashion marketplace MySale
WPP to Buy Australian Marketing Technology Services Agency
WPP PLC said Thursday that it has agreed to acquire Bower House
Digital, a marketing technology services agency located in
Australia, for an undisclosed sum.
Bunzl Upgrades 2022 Views on Organic Revenue Growth,
Bunzl PLC said Thursday that it has upgraded its guidance for
the full year and currently expects robust revenue growth and
operating margins to be slightly higher than historical levels,
driven by acquisitions and organic revenue growth.
IAG Converts 14 A320neo Family Options Into Firm Orders
British Airways owner International Consolidated Airlines Group
SA said Thursday that it has converted 14 A320neo family aircraft
options into firm orders for 11 A320neos and three A321neos.
M&C Saatchi Sees 2022 Profit in Line With Guidance
M&C Saatchi PLC said Thursday that its headline profit
before tax for 2022 is in line with internal expectations of around
31 million pounds ($37.6 million).
MyHealthChecked Sees Better-Than-Expected 1H Performance on
MyHealthChecked PLC said Thursday that it has started 2022 in a
strong position in terms of revenue, customer service, and delivery
after positive momentum in 2021.
Virgin Money to Buy Back up to GBP75 Mln in Shares
Virgin Money UK PLC said Thursday that it has launched a buyback
program to repurchase up to 75 million pounds ($90.9 million) of
GB Group Shareholder AG Acuant Sells 5 Mln Shares at 400 Pence
Numis Securities Ltd. said Thursday that it has now sold 5
million ordinary shares of identity-data-intelligence specialist GB
Group PLC at 400 pence (484.84 U.S. cents) each.
Inland Homes 1H Pretax Loss Widened on Contract Costs, Reduced
Inland Homes PLC said on Thursday that its pretax loss widened
on higher costs, but it reduced net debt.
Central Banks Will Do All Necessary to Bring Inflation Back to
Target, Pictet WM Says
0632 GMT - There should be no doubt that the Federal Reserve,
the European Central Bank and the Bank of England are willing to do
whatever it takes to bring inflation back down to target even if
this means going through a lot of pain, Frederik Ducrozet, head of
macroeconomic research at Pictet Wealth Management, says. The
underlying policy trade-off should be equally clear by now: The
more successful the ECB will be in fighting financial
fragmentation, the higher policy rates can be raised, he writes in
a note, after attending the ECB's forum in Sintra, Portugal, this
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(END) Dow Jones Newswires
June 30, 2022 03:10 ET (07:10 GMT)
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