London Shares Set to Fall After Downbeat Asia Trading
FTSE 100 Set to Fall After Downbeat Asia Trading
The FTSE 100 is expected to open 27 points lower at 7000,
according to CMC Markets, after a mostly downbeat trading session
in Asia. Markets are firmly lower in mainland China, Hong Kong and
South Korea, though higher in Japan. "Monday's European open looks
set to be a soft one, with Asia markets starting the week mixed on
the back of weakness in Chinese stocks, which have fallen sharply
after a crackdown by China's regulators on its tech and education
sector," CMC's Michael Hewson says. "The Nikkei, on the other hand
is higher as it plays catch up after a two-day break at the end of
last week," Hewson says.
S4 Capital's MightyHive Combines With Destined to Expand in
S4 Capital PLC said Monday that its MightyHive data and
digital-media business is combining with Destined in a deal that
expands its presence in Asia Pacific.
Countryside Properties to Buy Back Up to GBP52 Mln of Shares
Countryside Properties PLC said Monday that it will begin a
buyback program, buying back an initial tranche of shares worth a
maximum of 52 million pounds ($71.5 million) to reduce its surplus
Journeo 1H Revenue Rises, Secures GBP800,000 Scottish Tender
Journeo PLC said on Monday that revenue rose for the first half,
and that it has secured a tender valued at 800,000 pounds ($1.1
million) with Scotland's Aberdeenshire County Council.
Anglo American Platinum 1H Earnings Soared
Anglo American Platinum Ltd. on Monday reported that its
earnings soared in the first half of the year, reflecting higher
production and prices received.
TinyBuild on Track to Meet 2021 Expectations After In-Line
Videogames company tinyBuild Inc. said Monday that it is on
track to deliver results for 2021 at least in line with
expectations after its first-half performance matched its
Cranswick's 1Q Revenue Rose
Cranswick PLC said Monday that revenue for the first quarter of
fiscal 2022 was ahead of the year-earlier period.
Attraqt's 1H Revenue Performance Was in Line with Views
Attraqt Group PLC said Monday that its revenue performance for
the first half of 2021 was in line with management expectations,
adding that it continued to benefit from good momentum in capacity
and product upsells.
Kanabo Group Agrees to Acquire Materia's European Businesses
Kanabo Group PLC said Monday that it has signed a non-binding
term sheet with 11157353 Canada Corp., which trades as Materia, to
acquire Materia's European businesses in an all-stock deal.
United Oil & Gas Says 1H Production Was Consistent With 2021
United Oil & Gas PLC said Monday that its oil production
increased in the first half, putting the company on track to meet
Rockfire Resources Rises GBP1 Mln to Expand, Accelerate Drilling
Rockfire Resources PLC said Monday that it has raised 1 million
pounds ($1.4 million) via a share placing and will use the money to
expand and accelerate its drilling program.
XLMedia to Cut Workforce by Up to 15% Amid Reorganization
XLMedia PLC said Monday that it is accelerating an internal
reorganization that is expected to lead to a workforce reduction of
up to 15% and that it expects to report higher revenue and adjusted
earnings for the first half.
Commodity Prices Driving Force for Rio Tinto Earnings,
0016 GMT - Strong commodity prices, especially for iron ore,
will be the driving force behind miner Rio Tinto's 1H earnings
despite weaker-than-expected pockets of production in 2Q, says
Macquarie. Rio is due to release its 1H results (reported in USD)
after the Australian market closes on Wednesday. Macquarie tips an
interim dividend of $4.62/share, versus last year's $1.55, and
underlying net profit of $12.45 billion, up from $4.75 billion a
year earlier. "Iron ore remains the dominant division, with a
forecast divisional Ebitda and earnings contribution of 75% and
81%," Macquarie says.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
July 26, 2021 03:00 ET (07:00 GMT)
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