London Shares to Open Higher After Retail Sales Data Beat Forecasts
FTSE 100 to Open Higher After UK Retail Sales Data Beat
The FTSE 100 is expected to open higher after data showed U.K.
retail sales rose by more than expected in June. Spreadbetter IG
sees the index rising 34 points. U.K. retail sales grew 9.7%
year-on-year in June, according to official data, versus the 9.0%
increase forecast by economists in a WSJ survey. U.K. manufacturing
and services purchasing managers' index surveys for July will be
released at 0830 GMT. "Today's numbers for July are expected to
show fairly decent readings once again, however given recent
trends, we do have to start treating these PMI numbers with
slightly more caution given that they also exclude some important
parts of the economy that are continuing to struggle," Michael
Hewson at CMC Markets says.
Brewin Dolphin 3Q Net Flows Rose
Brewin Dolphin Holdings PLC on Friday reported that its
discretionary net flows grew 6.1% in the third quarter of its
fiscal year, to around 700 million pounds ($963.8 million).
Vodafone 1Q Revenue Grew; Sees FY 2022 on Track
Vodafone Group PLC said Friday that first-quarter revenue rose
as growth in its closely-watched organic revenue accelerated, and
that it is on track to meet its guidance for fiscal 2022.
Premier Foods 1Q Sales Fell YoY But Remained Above 2019
Premier Foods PLC said Friday that sales in the first quarter of
fiscal 2022 fell on year but remained above 2019 comparatives.
NatWest to Receive Minority Stake in Permanent TSB in Exchange
for Irish Assets
NatWest Group PLC said Friday that it has agreed a non-binding
memorandum of understanding with Permanent TSB Group Holdings PLC,
as part of its phased withdrawal from Ireland.
Beazley Swung to 1H Profit as Revenue Jumped
Beazley PLC on Friday reported a swing to pretax profit in the
first half of the year on higher revenue, and said it is
considering paying a dividend next year.
Record PLC 1Q 2022 Assets Under Management Equivalents Rise
Record PLC said on Friday that its assets under management
equivalents rose 5% during the first quarter of fiscal 2022, and
that they had been enhanced by further net inflows and the launch
of the new Emerging Market Sustainable Finance fund.
Town Centre Securities Collects Most of Rent Due to Date
Town Centre Securities PLC said Friday that it has collected 89%
of the rent due since March 2020.
Ultra Electronics Gets GBP2.58 Bln Takeover Proposal from
Ultra Electronics Holdings PLC said Friday that it has received
a 2.58 billion pound ($3.55 billion) takeover proposal from Cobham
Ltd. which it is minded to recommend to shareholders.
Ted Baker to Move to Cheaper Headquarters Next Year
Ted Baker PLC said Friday that it has chosen to move its new
global headquarters to the London neighborhood of Fitzrovia, which
will allow the company to make good savings on rent.
Secure Trust Bank Sells Mortgage Loan Portfolio for GBP54.6
Secure Trust Bank PLC said Friday that it has agreed to sell a
portfolio of mortgage loans to Jacqali Designated Activity Co., a
Alliance Trust Swung to 1H Pretax Profit; Plans to Review
Alliance Trust PLC said Friday that it swung to a pretax profit
for the first half of 2021 as the value of its assets rose, and
said it is launching a review of the level and funding of its
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
July 23, 2021 03:02 ET (07:02 GMT)
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