FTSE 100 Set to Open Higher After Fed Decision, Ahead of BOE, ECB
February 02 2023 - 2:23AM
Dow Jones News
FTSE 100 Set to Open Higher After Fed Decision, Ahead of BOE,
ECB
0737 GMT - The FTSE 100 is expected to open higher as traders
assess the Federal Reserve's latest policy announcement and await
decisions from the European Central Bank and Bank of England. IG
futures data show London's premier stock index opening up 38
points. Fed Chair Jerome Powell on Wednesday said the "disinflation
process is getting underway" as the central bank raised interest
rates by a smaller 25 basis points as expected. "That was the
major--and the only take--of his speech yesterday, and sent the
markets rallying," Swissquote Bank analyst Ipek Ozkardeskaya
writes. The BOE and ECB are both expected to raise rates by 50
basis points in decisions at 1200 GMT and 1315 GMT, respectively,
she says. (renae.dyer@wsj.com)
Companies News:
Airtel Africa 3Q Pretax Profit Fell on Rising Costs
Airtel Africa PLC said Thursday that third-quarter pretax profit
fell despite a revenue increase, due to inflationary pressures
across its markets.
---
Superdry CEO Julian Dunkerton Has No Plans to Take Company
Private
Superdry PLC founder and Chief Executive Officer Julian
Dunkerton said Thursday that he has no plans to take the company
private.
---
BT Group Nine-Month Pretax Profit Fell Depreciation Offset
Ebitda Growth
BT Group PLC said Thursday that nine-month pretax profit fell
due to increased depreciation that offset earnings before interest,
taxes, depreciation and amortization growth.
---
Shell Joins US Oil Majors in Posting Record 2022 Profit
LONDON--Shell PLC became the latest oil giant to post record
annual profit last year, joining U.S. peers in surging back from
early pandemic losses on soaring energy prices.
---
Cranswick Says 3Q Revenue Grew; Sees In-Line FY 2023 Outlook
Cranswick PLC on Thursday said its full-year outlook remains in
line with the board's expectations as it saw revenue growth
accelerating in the third quarter of fiscal 2023.
---
Shell Joins U.S. Oil Majors in Posting Record 2022 Profit --
WSJ
By Jenny Strasburg
---
JTC Sees Double-Digit 2022 Revenue Growth; Ebitda at Top End of
Market Views
JTC PLC said Thursday that for 2022 it booked double-digit net
organic revenue growth and that underlying earnings before
interest, taxes, depreciation and amortization will be at the top
end of the range of market expectations
---
James Halstead Sees 1H Pretax Profit Slipping But Remains
Positive for FY 2023
James Halstead PLC said Thursday that it expects profit for the
first half of fiscal 2023 to be slightly hit by continued though
improving headwinds, and expectations for the full-year performance
remain positive.
---
ScS Group 10-Weeks Order Intake Rose; To Meet FY 2023 Market
Views
ScS Group PLC said Thursday that like-for-like order intake rose
in the last 10 weeks and that it is on track to meet fiscal 2023
market expectations.
---
Hotel Chocolat Appoints Jon Akehurst as CFO
Hotel Chocolat Group PLC said Thursday that it has appointed Jon
Akehurst as chief financial officer with effect in May 2023.
---
Safestyle Sees 2022 Swing to Underlying Pretax Loss, Revenue
Rising
Safestyle UK PLC said Thursday that it expects to swing to an
underlying pretax loss for the year ended Jan. 1, in-line with
market expectations, and revenue to rise.
---
Shell Adds $41 Billion in Profit to Record Annual Haul From Oil
Majors -- WSJ
By Jenny Strasburg
---
BT Group Nine-Month Pretax Profit Fell as Depreciation Offset
Ebitda Growth -- Update
BT Group PLC said Thursday that nine-month pretax profit fell
due to increased depreciation that offset earnings before interest,
taxes, depreciation and amortization growth.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
February 02, 2023 03:08 ET (08:08 GMT)
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