FTSE 100 to Extend Gains as Asia Closes Mostly Higher
28 Juni 2022 - 09:12AM
Dow Jones News
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.
---
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.
---
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.
---
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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