FTSE 100 to Fall After Downbeat Asia, U.S. Trading
10 August 2022 - 5:19PM
Dow Jones News
FTSE 100 Poised to Fall After Downbeat Asia, US Trading
0638 GMT - The FTSE 100 Index looks set to open 22 points lower
at 7466, according to IG futures data, after downbeat trading in
Asia and a negative close on Wall Street. Markets in Australia,
mainland China, Hong Kong, Japan and South Korea all fall and the
Dow dropped 0.2% Tuesday. Brent crude retreats 0.8% to $95.54 a
barrel. "U.S. markets came under pressure as tech weakness acted as
a wider drag after another earnings downgrade, this time from
Micron, following Nvidia on Monday," CMC Markets analyst Michael
Hewson says in a note. "This weakness looks set to translate into a
cautious European open as investors seek evidence that inflation is
starting to show signs of topping out." (philip.waller@wsj.com)
Companies News:
RS Group to Buy Mexican Distributor Risoul for $275 Mln
RS Group PLC said Wednesday that it has agreed to buy a
distributor of industrial and automation product and service
solutions in Mexico for $275 million.
---
Admiral Group 1H Pretax Profit Dropped After Booking Higher
Costs
Admiral Group PLC reported on Wednesday a significant decline in
pretax profit for the first half of 2022 on the back of higher
costs, but said that it came in still 19% ahead of pre-pandemic
levels.
---
Sika's MBCC Acquisition Gets In-Depth Review by UK Competition
Regulator
Sika AG said Wednesday that the U.K.'s competition watchdog
would take an in-depth look at its planned acquisition of German
construction-chemicals company MBCC Group, delaying the closure of
the deal.
---
Deliveroo 1H Pretax Loss Widened on Consumer Headwinds; Begins
GBP75 Mln Share Buyback
Deliveroo PLC said Wednesday that its first-half pretax loss
widened due to increased consumer headwinds, and began a 75
million-pound ($90.6 million) share buyback program.
---
Royal Mail Warns of Material Losses as Union Moves Forward With
Strike
Royal Mail PLC warned on Wednesday that it expects to be
materially lossmaking in fiscal 2023 if a proposed strike action
takes place.
---
Airtel Africa Agrees on $125 Mln Loan to Support Operations,
Investments
Airtel Africa PLC said Wednesday that it has signed a $125
million revolving credit facility with Citi, and that it will use
the funds to support operations and investments at four of its
subsidiaries.
---
Civitas Social Housing NAV Per Share Rose Slightly in June
Quarter
Civitas Social Housing PLC said Wednesday that it continues to
perform in line with expectations and that its net asset value per
share increased slightly in the first quarter of fiscal 2023.
---
Aviva Plans Further Buyback After 1H Profit Rose
Aviva PLC reported on Wednesday an increase in operating profit
for the first half of 2022, backed its dividend guidance for the
full year and outlined further plans for capital returns.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
August 10, 2022 03:04 ET (07:04 GMT)
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