FTSE 100 Tipped to Fall After Mixed Asia, US Gains

The FTSE 100 is expected to open nine points lower at 7016, according to CMC Markets, aftermixed trading in Asia and a higher close on Wall Street. Markets in mainland China and Hong Kong fall 1% and 2% respectively, but Japan's Nikkei gains 0.5%. The Dow Jones closed 0.2% ahead. "Following new highs on Wall Street, a mixed session in Asia today with Chinese markets - especially Hong Kong - continuing to struggle but gains generally seen elsewhere," Daiwa Capital Markets analyst Emily Nicol says.

 
Companies News: 

Croda Sees 2021 Profit Significantly Ahead of Expectations After Strong 1H

Croda International PLC said Tuesday that it expects its adjusted pretax profit for 2021 to be significantly ahead of current expectations, after reporting market-beating earnings for the first half.

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Reckitt Benckiser Swung to 1H Loss on Higher Costs

Reckitt Benckiser Group PLC reported Tuesday a swing to pretax loss for the first half of the year on lower revenue and higher costs.

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Vivo Energy 1H Profit Soared After Countries Lifted Restrictions

Vivo Energy PLC on Tuesday reported a significantly improved profit for the first half of the year, as volumes and margins rebounded from a year earlier, when lockdowns and travel restrictions hurt demand.

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FirstGroup Swung to Pretax Profit in FY 2021, CEO to Step Down

FirstGroup PLC said Tuesday that it swung to a pretax profit in fiscal 2021, and said its chief executive will step down.

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Virgin Money UK 3Q Performance Strong; FY Outlook Positive

Virgin Money UK PLC said Tuesday that its performance for the third quarter of fiscal 2021 was strong, with mortgage lending increasing slightly in the period, and that it is well placed to grow profitably next year.

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Greencore Sees Above-Expectations FY 2021 Profits After Strong 3Q

Greencore Group PLC said Tuesday that it expects higher-than-expected profits for fiscal 2021 after revenue rose significantly in third quarter.

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Reach PLC 1H Pretax Profit, Revenue Rose; Sees Performance Ahead of Views

Reach PLC said Tuesday that both pretax profit and revenue for the first half of 2021 rose and that it is performing ahead of full-year expectations although the benefit from a weak year-earlier performance will unwind in the second half.

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Capital & Counties 1H Pretax Loss Narrows, Restarts Dividends

Capital & Counties Properties PLC said Tuesday that its pretax loss greatly narrowed on-year and restarted interim dividends, though revenue and portfolio valuations still fell.

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Moonpig Group FY 2021 Pretax Profit Rises on Higher Revenue

Moonpig Group PLC on Tuesday reported a 3.5% rise in fiscal 2021 pretax profit on more-than-doubled revenue and said that it expects further increases in revenue this fiscal year.

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Robert Walters Posts Record 1H Pretax Profit

Robert Walters PLC reported Tuesday a significant rise in pretax profit for the first half of the year and said it is performing well ahead current market views for the full year.

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Playtech 1H Performance Was in Line With Views; Confident in 2H Prospects

Playtech PLC said Tuesday that its first-half performance was in line with expectations thanks to online strength and that its board is confident in the company's prospects for the remainder of 2021 and beyond.

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Reckitt Benckiser Swung to 1H Loss on Higher Costs -- Update

Reckitt Benckiser Group PLC reported on Tuesday a swing to pretax loss for the first half of the year on lower revenue and higher costs.

 
Market Talk: 

Rio Tinto Expected to Post Bumper Profit, Dividend

Rio Tinto is expected to report underlying earnings of US$12.01 billion for the six months through June, according to 14 analysts' forecasts compiled by Vuma. That would be up from US$4.75 billion in the same period in 2020. A Vuma compilation of 12 forecasts points to an interim dividend of roughly US$4.93 a share, versus US$1.55 a share a year ago. Forecasts on the miner's payout are wide, however, after a strong first half for iron-ore prices. Analysts are tipping an ordinary dividend anywhere between US$3.57 a share and US$9.16 a share. Rio Tinto is scheduled to report after the Australian market closes Wednesday.

 

Contact: London NewsPlus, Dow Jones Newswires; +44-20-7842-931

(END) Dow Jones Newswires

July 27, 2021 03:02 ET (07:02 GMT)

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