FTSE 100 Seen Higher as Traders Weigh China Data, Rate Cut
FTSE 100 Seen Opening Higher as Traders Weigh China Data, Rate
0642 GMT - The FTSE 100 is seen opening higher following a mixed
session in Asia as investors digest Chinese economic data and an
unexpected interest rate cut by the People's Bank of China. The
London stocks index is expected to open up 33 points, according to
IG. Chinese data on industrial production, retail sales and fixed
asset investment were all weaker than expected while the PBOC cut
its medium-term lending rate by 10 basis points to 2.75% on Monday.
"The bank has taken this action to revive and stimulate growth as
the country's housing sector has seen a serious downtrend, and
other Covid-related lockdowns aren't helping," AvaTrade analyst
Naeem Aslam writes. (firstname.lastname@example.org)
Treatt Lowers FY 2022 Pretax Profit Guidance Amid Inflation,
Weaker US Consumer Sentiment
Treatt PLC said Monday that it is lowering its adjusted pretax
profit guidance for fiscal 2022 after being hurt by a number of
factors including lower consumer confidence in the U.S. and cost
Echo Energy Raises GBP600,000 via Share Placing
Echo Energy PLC said Monday that it has now raised 600,000
pounds ($728,280) via the share placing announced on Friday.
Phoenix Group on Track to Achieve Top End of 2022
Phoenix Group Holdings PLC said Monday that first-half operating
profit remained at a similar level on a year-on-year basis and that
it is on track to meet the top end of its full-year cash generation
Safestay Swung to 2021 Pretax Profit After Lifting of Covid-19
Safestay PLC said Monday that it swung to a pretax profit for
2021 after Covid-19-related restrictions were lifted.
TP Group 2021 Pretax Loss Widened on Higher Costs; Refinancing
Process to Start in 2H
TP Group PLC said Monday that its 2021 pretax loss widened on
higher costs, and that the board will start a group refinancing
process in the second half of 2022 and will consider both debt and
Inspiration Healthcare 1H Performance Robust on Strong Order
Inspiration Healthcare Group PLC said in an update Monday that
performance has remained robust and consistent with management
expectations for the six months ended July 31.
Eckoh PLC 1Q Orders Were Substantially Higher on Year
Eckoh PLC said Monday that orders for the first quarter of the
current fiscal year were substantially higher than the same period
a year earlier and that it expects to report a significantly higher
level for the half year.
Gusbourne 1H Revenue More Than Doubled as Sales Recovered From
Gusbourne PLC said Monday that revenue for the first six months
of 2022 more than doubled, driven by a recovery in sales from
Seeing Machines Sees in-Line FY 2022 Revenue on Accelerated
Seeing Machines Ltd. said in a performance update Monday that it
foresees reporting revenue in line with expectations for fiscal
2022 after growth momentum accelerated.
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(END) Dow Jones Newswires
August 15, 2022 03:06 ET (07:06 GMT)
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