FTSE 100 Tipped to Fall After Mixed Asia Trading
January 24 2022 - 2:26AM
Dow Jones News
FTSE 100 Tipped to Fall After Mixed Asia Trading
0729 GMT - The FTSE 100 is expected to open 24 points lower at
7470, according to CMC Markets, after mixed trading in Asia.
Markets in mainland China and Japan are higher, but lower in Hong
Kong. "Ahead of this week's Fed meeting, we'll be getting the
latest flash PMIs from Germany, France and the U.K. for January and
they aren't expected to be particularly positive," CMC analyst
Michael Hewson says. (philip.waller@wsj.com)
Companies News:
Activist Investor Nelson Peltz Buys Stake in Unilever
Trian Fund Management LP, the activist hedge fund run by Nelson
Peltz, has acquired a stake in Unilever PLC, according to people
familiar with the matter, adding pressure to the packaged food and
consumer goods giant in the wake of its failed $68-billion bid for
GlaxoSmithKline PLC's consumer-health business.
---
MyHealthChecked 2021 Performance Strong, 1H 2022 Prospects
Positive
MyHealthChecked PLC said Monday that its performance in 2021 was
successful amid the high demand of Covid-19 tests, and that it is
confident about its prospects for the first half of 2022.
---
TouchStar Sees More Than Doubled Pretax Profit for 2021
TouchStar PLC said Monday that it expects to report more than
doubled pretax profit for 2021, above market expectations.
---
Belluscura 2021 Demand for Portable Oxygen Concentrator Beats
Views
Belluscura PLC said Monday that demand for its portable oxygen
concentrator exceeded its views for 2021, and that it remained debt
free for the whole year.
---
Spirax-Sarco to Buy Cotopaxi for GBP13.3 Mln
Spirax-Sarco Engineering PLC said Monday it has agreed to buy
Cotopaxi Ltd. from China's Business Intelligence of Oriental
Nations Corp. for 13.3 million pounds ($18 million).
---
Empyrean Energy Starts Legal Proceedings Against Cyber
Fraudster
Empyrean Energy PLC said Monday that it has started legal
proceedings in Singapore against the company believed to have
committed a cyber fraud.
---
Mirriad Advertising Expects Lower 2021 Revenue
Mirriad Advertising PLC said Monday that it expects to report a
fall in revenue for 2021 and that year-on-year growth in the U.S.
has been strong.
---
Gulf Marine Services Expects 2022 Ebitda to Grow In Line With
Market Views
Gulf Marine Services PLC on Monday forecast that its earnings
will rise in 2022 in line with market expectations.
---
TomCo Energy Raises GBP1.3 Mln to Fund Drilling at Utah Site
TomCo Energy PLC said Monday that it has raised 1.3 million
pounds ($1.8 million) via share issue to fund three exploration
wells at the Tar Sands II site in Utah.
---
De La Rue Expects FY 2022 Operating Profit Below Market
Views
De La Rue PLC said Monday that it anticipates that adjusted
operating profit for fiscal 2022 will be below market expectations
because of the impact of the Omicron and Delta Covid-19 variants at
manufacturing facilities.
---
AdvancedAdvT's Latest Proposal to Buy M&C Saatchi
Rejected
AdvancedAdvT Ltd. said Monday that it has submitted an improved
takeover proposal to M&C Saatchi PLC which it says has been
rejected by the U.K. advertising company.
Market Talk:
High Natural Gas Prices Could Persist Even After Winter
0344 GMT - High natural gas prices could persist even after the
peak winter heating season ends in February, Goldman Sachs says.
European gas markets are in focus, the investment bank says; while
storage levels there look sufficient, "we estimate that a
one-standard-deviation colder-than-average Feb-Mar would lead
end-winter inventories below the record lows of 2018, with
electricity blackouts likely," Goldman says. A wider, global
economic impact is also probable, it says. Not only is gas one of
the most important commodities for winter heating and power
generation, but large swathes of industry rely on the fuel for
manufacturing. Earnings of companies in energy-intensive sectors
could also take a hit, it says. (yongchang.chin@wsj.com)
---
Rio's Jadar Setback No Surprise, But Could Have Consequences
2238 GMT - Serbia's decision to revoke licenses and cancel a
spatial plan for Rio Tinto's Jadar project, according to comments
from Prime Minister Ana Brnabic, shouldn't come as a surprise to
investors given earlier concerns raised about the controversial
lithium project, says Morgan Stanley. But it does diminish the
chances of the project going ahead as planned, says MS, which
expects a need for more consultation and negotiation that will lead
to greater delays. "This would also slow Rio Tinto's ambitions in
increasing portfolio exposure to future-facing commodities and
could prompt a more aggressive quest for inorganic growth," says
the bank. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
January 24, 2022 03:11 ET (08:11 GMT)
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