FTSE 100 Seen Sharply Lower at Start of Busy Week
January 30 2023 - 3:23AM
Dow Jones News
London Stocks Seen Opening Lower Ahead of Busy Week
0750 GMT - The FTSE 100 index is expected to open 43.2 points
lower, according to IG, having closed on Friday at 7765.15, as
markets await a slew of central bank decisions and other key news.
The U.S. Federal Reserve announces its interest-rate decision on
Wednesday, followed by the Bank of England and the European Central
Bank on Thursday, and all are expected to raise rates. "The FOMC
and ECB rate decisions, along with the IMF's update of its World
Economic Outlook, eurozone 4Q GDP and inflation for January, the
U.S. employment report on Friday and several top U.S. corporations
by market capitalization releasing their results will guarantee
financial markets keep extremely busy," analysts at UniCredit say
in a note. (jessica.fleetham@wsj.com)
Companies News:
Unilever Appoints Hein Schumacher as New CEO
Unilever PLC said Monday that it has appointed Hein Schumacher
as its new chief executive officer, replacing Alan Jope who
announced in September his plan to retire from the company.
---
Shell to Reduce Size of Executive Committee to Improve
Performance
Shell PLC said Monday that it will reduce its executive
committee from nine to seven members to further simplify the
organization and improve performance.
---
Legal & General CEO Nigel Wilson to Retire
Legal & General Group PLC said Monday that Chief Executive
Nigel Wilson plans to retire from the board after 10 years in the
role, and that it will start the search for his replacement.
---
SThree FY 2022 Pretax Profit Rose on Record Net Fee
Performance
SThree PLC said Monday that pretax profit for fiscal 2022 rose
as it booked record net fee performance.
---
888 CEO to Immediately Leave Role
888 Holdings PLC said Monday that Chief Executive Itai Pazner
will immediately leave his role.
---
Finsbury Food Buys Lees Foods for GBP5.7 Mln
Finsbury Food Group PLC said Monday that it has bought
confectionery maker Lees Foods Ltd. for 5.7 million pounds ($7.1
million) in cash.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
January 30, 2023 03:08 ET (08:08 GMT)
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