FTSE 100 Seen Opening Higher Ahead of PMI Data; Fed Minutes in Focus
23 November 2022 - 7:21PM
Dow Jones News
FTSE 100 Seen Opening Higher Ahead of PMI Data, Fed Minutes
0739 GMT - The FTSE 100 is expected to open higher as traders
look ahead to the latest U.K. manufacturing and services purchasing
managers' index survey and the Federal Reserve's meeting minutes.
The London index of blue-chip stocks is seen opening up 15 points.
The PMI data are due at 0930 GMT and the Fed's minutes are at 1900
GMT. Recent comments from Fed members have suggested the central
bank could slow the pace of interest rate rises and the minutes may
shed light on how many policymakers are becoming concerned about
the impact of policy lags on the economy, CMC Markets analyst
Michael Hewson writes. (renae.dyer@wsj.com)
Companies News:
United Utilities 1H Pretax Profit Rose, But Swung to Underlying
Loss
United Utilities Group PLC said Wednesday that pretax profit
rose for the first half on lower net finance expenses, but it swung
to a loss on an underlying basis as macroeconomic conditions hit
earnings.
---
Johnson Matthey Swung to 1H Pretax Profit, Keeps Dividend
Johnson Matthey PLC on Wednesday reported a swing to pretax
profit for the first half of fiscal 2023, despite lower revenue,
and maintained its dividend payout.
---
Bakkavor Sees FY 2022 Profit at Lower End of Views Despite 3Q
Top-Line Growth
Bakkavor Group PLC said Wednesday that revenue grew well in the
third quarter despite macro pressures, and that it sees full-year
profit in line with market forecasts, though at the lower end of
expectations.
---
Pets at Home Group 1H Pretax Profit Hit by Higher Costs; Backs
FY Guidance
Pets at Home Group PLC on Wednesday reported a 19% fall in
pretax profit for the first half of the fiscal year after booking
higher costs, but raised the dividend payout and backed its
full-year underlying guidance.
---
Britvic FY 2022 Pretax Profit, Revenue Rose on Increased Volume;
Lifts Dividend
Britvic PLC said Wednesday that fiscal 2022 pretax profit and
revenue rose on increased in volume and despite macroeconomic
headwinds, and lifted its dividend.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
November 23, 2022 03:06 ET (08:06 GMT)
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