FTSE 100 Seen Opening Higher Ahead of BOE Decision
FTSE 100 Seen Opening Slightly Higher Ahead of BOE Decision
0639 GMT - The FTSE 100 is seen opening tentatively higher ahead
of the Bank of England's interest-rate decision later Thursday,
rising 5 points, according to IG. The BOE is largely expected to
raise rates 50 basis points for the first time since 1995 in a
decision at 1100 GMT. "In June, the vote was a split decision, and
it is quite likely that this one could be too," CMC Markets analyst
Michael Hewson writes. A 50bp hike is the "very least" to be
expected but there's a high chance of a more aggressive move after
comments from several Federal Reserve officials boosted U.S. rate
rise expectations, he says. (firstname.lastname@example.org)
Informa Sells Maritime Intelligence for GBP385M
Informa PLC said Thursday that it has divested its Maritime
Intelligence business for 385 million pounds ($467.6 million),
completing its GBP2.5 billion GAP II portfolio focus program.
Phoenix Group to Buy Insurer Sun Life UK for GBP248 Mln
Phoenix Group Holdings PLC said Thursday that it is buying U.K.
life-insurance company SLF of Canada UK, also known as Sun Life UK,
for 248 million pounds ($301.2 million).
Rolls-Royce Swung to 1H Pretax Loss After Booking Net Financing
Costs of GBP2.1B
Rolls-Royce Holdings PLC said Thursday that it swung to a
first-half pretax loss after booking net financing costs of 2.1
billion pounds ($2.55 billion).
Mondi 1H Pretax Profit, Revenue Rose on Strong Pricing
Mondi PLC on Thursday reported a significant rise in first-half
pretax profit and revenue on margin expansion, good selling prices
and strong cost control.
Mediclinic Agrees to GBP3.7 Bln Remgro Consortium Takeover
Mediclinic International PLC said Thursday that it has agreed to
a 3.7 billion-pound ($4.49 billion) cash offer from the Remgro Ltd.
consortium, as previously flagged.
Go-Ahead Agrees to Improved GBP669 Mln Kinetic Group Consortium
Go-Ahead Group PLC said Thursday that it has agreed to an
improved 669 million pound ($812.6 million) takeover from the
consortium consisting Australia's Kinetic Holding Company Pty. Ltd.
and Spain's Globalvia Inversiones SAU.
Meggitt Swung to 1H Pretax Loss But Underlying Earnings Rose
Meggitt PLC on Thursday reported a pretax loss for the first
half of the year, although its underlying performance improved, and
said its 6.3 billion-pound ($7.65 billion) takeover by Parker
Hannifin Corp. remains on track for completion in the third
Next Increases FY 2023 Pretax Profit Guidance on Higher than
Expected 2Q Sales
Next PLC said Thursday that total full price sales rose ahead of
views in the second quarter of fiscal 2023 due to
warmer-than-expected weather in June and July, and that it has
upgraded its pretax profit guidance for the whole year.
Informa Swung to 1H Pretax Profit; Resumes Dividends
Informa PLC said Thursday that it swung to a pretax profit for
the first half of 2022 as the company benefited from its investment
program, and that it has resumed dividend payments.
Serco 1H Pretax Profit Rose on Acquisitions, Currency Movements;
Raises 2022 View
Serco Group PLC said Thursday that its first-half pretax profit
and revenue rose on contributions from acquisitions and favorable
foreign exchange movements, and raised its 2022 guidance for
underlying trading profit.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
August 04, 2022 03:03 ET (07:03 GMT)
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