FTSE 100 to Slide as Inflation Hits 40-Year High
June 22 2022 - 03:20AM
Dow Jones News
FTSE 100 to Open Lower as UK Inflation Hits 40-Year High
0641 GMT - The FTSE 100 is seen opening lower with spread
betting firm IG expecting the index to fall 86 points as oil prices
fall, while data showed U.K. inflation accelerated to a 40-year
high. "Despite yesterday's gains, today's European open looks set
to be a negative one, as a slide in oil prices over demand concerns
weighs on the wider narrative, prompting weakness in Asia markets,
along with U.S. [stock] futures," CMC Markets analyst Michael
Hewson writes. U.K. inflation rose to an annual rate of 9.1% in May
from 9.0% in April, according to the Office for National
Statistics, amid a cost of living crisis. Meanwhile, U.S. Federal
Reserve Chair Jerome Powell delivers a testimony before the Senate
Banking Committee at 1330 GMT. (renae.dyer@wsj.com)
Companies News:
Micro Focus 1H Pretax Loss Narrowed on Lower One-Off Costs, Gain
on Digital Safe Disposal
Micro Focus International PLC said Wednesday that its pretax
loss for the first half narrowed, driven by a significant reduction
in exceptional spending and a $63.0 million profit on the disposal
of Digital Safe.
---
Anglo American's De Beers Reports Higher Diamond Sales for Cycle
5
Anglo American PLC on Wednesday reported diamond sales of $650
million for the fifth sales cycle of 2022 running between June 6
and June 21.
---
Berkeley Group FY 2022 Profit Rose on Robust Homes Demand; Backs
FY 2023 Views
Berkeley Group Holdings PLC said Wednesday that pretax profit
and revenue rose in fiscal 2022, and backed its fiscal 2023
expectations.
---
Frasers Group Increases Investment in Hugo Boss
Frasers Group PLC said Wednesday that it has recently increased
its investment in Hugo Boss AG to around 900 million euro ($948.0
million).
---
UK Government Extends NatWest Trading Plan to August 2023
UK Government Investments Ltd. said Wednesday that it has
extended the trading plan under which it will sell Her Majesty's
Treasury's shareholding in NatWest Group PLC by a year to Aug. 11,
2023.
---
Churchill China Confident in 2022 View on Continued Record
Demand
Churchill China PLC said Wednesday that it remains confident of
delivering an on-year improvement in performance for 2022 as the
record demand noted in its preliminary results has continued.
---
Bonhill to Sell Business Solutions and Governance Arm; Focus on
Financial Services
Bonhill Group PLC said Wednesday that it has decided to sell its
business solutions and governance division to focus on financial
services.
---
JD Sports Fashion FY 2022 Pretax Profit Rose but Missed Market
Views
JD Sports Fashion PLC said Wednesday that pretax profit for
fiscal 2022 rose, though it was below market expectations, and the
company warned of headwinds due to macroeconomic uncertainties.
---
Intelligent Ultrasound Sees 2022 Revenue in Line With
Expectations
Intelligent Ultrasound Group PLC said Wednesday that it
continues to be confident in the upgraded market expectations for
2022 revenue.
---
Liontrust FY 2022 Pretax Profit Rose, Raises Dividend
Liontrust Asset Management PLC reported on Wednesday a rise in
both pretax profit and revenue for fiscal 2022, and raised its
dividend payout.
---
Team PLC 1H Pretax Loss Narrowed on Organic Growth, Maintained
Positive Momentum
Team PLC said Wednesday that pretax loss for the first half of
fiscal 2022 narrowed and revenue increased on organic growth and
maintained positive momentum after completing two acquisitions.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
June 22, 2022 03:05 ET (07:05 GMT)
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