London Shares Tipped to Fall After Mixed Asia, US Gains
July 27 2021 - 3:08AM
Dow Jones News
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.
---
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.
---
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.
---
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.
---
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.
---
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.
---
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.
---
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.
---
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.
---
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.
---
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.
---
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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