FTSE 100 Poised to Rise After Upbeat Asia Trading

0631 GMT - The FTSE 100 Index looks set to open about 46 points higher at 7304, according to IG futures data, after upbeat trading in Asia. Markets in Australia, mainland China, Hong Kong and Japan all rise. The Dow closed Monday 0.2% lower. Brent crude gains 1.5% to $112.61 a barrel. "The highlight for markets today will be European Central Bank President Lagarde's speech at the Sintra Forum at 10:00 CET and focus will be on any hints about the new anti-fragmentation tool," Danske Bank analysts say in a note. "In the U.S., we also get Conference board consumer confidence and it will be interesting to see whether labor-market optimism still offsets inflation concerns." (philip.waller@wsj.com)

 
Companies News: 

SSE, Equinor to Buy 1.2GW Saltend Gas-Fired Power Station in GBP341 Mln Deal

U.K. energy group SSE PLC said Tuesday that it is acquiring Triton Power Holdings Ltd. with Norway's Equinor ASA from Energy Capital Partners for 341 million pounds ($418.3 million) to be shared equally between the two companies.

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OptiBiotix 2021 Pretax Profit Rose on Higher Revenue; Says Making Good Progress in 2022

OptiBiotix Health PLC said Tuesday that 2021 pretax profit rose as revenue increased, and that it has continued to make good progress since the start of 2022 despite the challenging global environment.

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Wise Reports Higher FY 2022 Profit, Forecasts 30%-35% Revenue Growth for FY 2023

Wise PLC on Tuesday reported an improved profit for the year ended March 31, and forecast revenue growth to continue at 30%-35% in fiscal 2023.

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Wynnstay Group 1H Pretax Profit and Revenue Rose on Higher Inflation, Gas Prices

Wynnstay Group PLC said Tuesday that pretax profit and revenue rose in the first half of its fiscal 2022 as business was ahead of the board's expectations, and that it raised its dividend payout.

 
Market Talk: 

Marks Electrical's Streamlined Operating Model Is Rare Among E-Commerce Companies

0540 GMT - Marks Electrical has a significant growth runway ahead as it benefits from a substantial market opportunity, clear competitive advantages, and additional growth levers, analysts at Berenberg say in a note. The U.K. online electrical retailer's streamlined operational model gives it a margin, return on invested capital, and cash-generating profile that is rare among high-growth e-commerce companies, the analysts say. "We also believe the market is well suited to the online channel, given high average order values, delivery dynamics, low return rates, and the fact that there is little need for a tangible element--the touch and feel of the product--in the customer journey." Berenberg initiates coverage on the stock with a buy rating and a 120 pence target price. (anthony.orunagoriainoff@dowjones.com)

 

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

June 28, 2022 02:57 ET (06:57 GMT)

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