FTSE 100 Expected to Track Wall Street's Reslient Gains
FTSE 100 Expected to Track Wall Street Rally
0648 GMT - The FTSE 100 is seen starting the session higher
after overnight gains in U.S. equities with spreadbetting firm IG
expecting London's blue-chip index to jump 45 points. "It's still
proving to be extremely difficult to define a direction, however
due to last night's resilient U.S. performance, markets here in
Europe look set to open slightly higher, with the FTSE 100 looking
to open at its highest levels in over a month," CMC Markets analyst
Michael Hewson says. The rally on Wall Street came despite minutes
from the Federal Reserve's last meeting that confirmed a growing
consensus among officials to start tapering asset purchases and
data showing U.S. inflation unexpectedly accelerated further in
Dunelm Backs Profit Guidance on 1Q Sales Rise Despite
Dunelm Group PLC on Thursday said sales for the first quarter of
fiscal 2022 increased and that it expects full-year pretax profit
to be in line with market expectations.
Ashmore Group 1Q Assets Under Management Fell
Ashmore Group PLC said Thursday that assets under management for
the first quarter of fiscal 2022 declined by $3.1 billion due to a
negative investment performance of $2.1 billion and net outflows of
Rank Group PLC Says 1Q Was in Line, Net Gaming Revenue
Rank Group PLC said Thursday that the first quarter was in line
with its expectations, with a strong increase in like-for-like net
gaming revenue, and that it expects full-year revenue to rise.
Hays 1H Net Fees Rose 36%
Hays PLC said Thursday that its net fees grew 36% in the first
quarter of the fiscal year, which ended on Sept. 30.
Rathbone Brothers Funds Under Management and Administration Rose
11% in 9-Mos
Rathbone Brothers PLC said Thursday that its funds under
management and administration increased 11% in the first nine
months of 2021, with positive net organic inflows in the third
Grainger FY 2021 Rental Growth Rose, Occupancy Rate Recovers
Grainger PLC said Thursday that it recorded total like-for-like
rental growth of 1.0% in fiscal 2021 and its occupancy rate has
recovered to pre-coronavirus pandemic levels.
Domino's Pizza Group 3Q Comparable Sales Were Up 8.8%, Expects
to Meet 2021 Views
Domino's Pizza Group PLC said Thursday that like-for-like sales
for the third quarter of the year rose 8.8% and that it expects to
meet full-year expectations.
Braemar Shipping Raises FY 2022 Underlying Earnings Guidance
Braemar Shipping Services PLC said Thursday that it expects its
underlying earnings for fiscal 2022 to be ahead of previous
expectations after a strong first-half performance.
Grainger Acquires London Build-To-Rent Plan for GBP141 Mln --
ACQUIRER: Grainger PLC, a property-investment company.
Charles Stanley Group Funds Under Management and Administration
Edged Up 1.1% in 2Q
Charles Stanley Group PLC said Thursday that its funds under
management and administration increased 1.1% in the second quarter
of the fiscal year.
DiscoverIE Says 1H Performance Was Better Than Expected
DiscoverIE Group PLC said Thursday that its performance for the
first half of the financial year was ahead of internal
Johnson Matthey Stock Is Seen Underperforming Due to Weak
0614 GMT - Shares in Johnson Matthey will continue to
underperform as its automotive-catalyst business remains weak, with
earnings growth from battery cathode materials and hydrogen failing
to compensate, Jefferies says. Shortages have pushed back the
automotive-catalyst unit's recovery, likely to 2022-2023, giving
the FTSE 100-listed chemical and sustainable technologies company
one to two years of earnings momentum in an internal combustion
engine business which accounts for around 60% of sales, Jefferies
says. "Our concern surrounds a weaker overall recovery and loss of
another year of earnings [and cash flow] generation from a business
in ultimate decline," the bank says. Jefferies cuts its rating on
the stock to underperform from buy, and lowers the target price to
2,300 pence from 4,200 pence.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones
(END) Dow Jones Newswires
October 14, 2021 03:07 ET (07:07 GMT)
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