UKX FTSE 100 Index

FTSE 100 Set to Open Higher After Fed Decision, Ahead of BOE, ECB

0737 GMT - The FTSE 100 is expected to open higher as traders assess the Federal Reserve's latest policy announcement and await decisions from the European Central Bank and Bank of England. IG futures data show London's premier stock index opening up 38 points. Fed Chair Jerome Powell on Wednesday said the "disinflation process is getting underway" as the central bank raised interest rates by a smaller 25 basis points as expected. "That was the major--and the only take--of his speech yesterday, and sent the markets rallying," Swissquote Bank analyst Ipek Ozkardeskaya writes. The BOE and ECB are both expected to raise rates by 50 basis points in decisions at 1200 GMT and 1315 GMT, respectively, she says. (renae.dyer@wsj.com)

Companies News: 

Airtel Africa 3Q Pretax Profit Fell on Rising Costs

Airtel Africa PLC said Thursday that third-quarter pretax profit fell despite a revenue increase, due to inflationary pressures across its markets.

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Superdry CEO Julian Dunkerton Has No Plans to Take Company Private

Superdry PLC founder and Chief Executive Officer Julian Dunkerton said Thursday that he has no plans to take the company private.

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BT Group Nine-Month Pretax Profit Fell Depreciation Offset Ebitda Growth

BT Group PLC said Thursday that nine-month pretax profit fell due to increased depreciation that offset earnings before interest, taxes, depreciation and amortization growth.

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Shell Joins US Oil Majors in Posting Record 2022 Profit

LONDON--Shell PLC became the latest oil giant to post record annual profit last year, joining U.S. peers in surging back from early pandemic losses on soaring energy prices.

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Cranswick Says 3Q Revenue Grew; Sees In-Line FY 2023 Outlook

Cranswick PLC on Thursday said its full-year outlook remains in line with the board's expectations as it saw revenue growth accelerating in the third quarter of fiscal 2023.

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Shell Joins U.S. Oil Majors in Posting Record 2022 Profit -- WSJ

By Jenny Strasburg

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JTC Sees Double-Digit 2022 Revenue Growth; Ebitda at Top End of Market Views

JTC PLC said Thursday that for 2022 it booked double-digit net organic revenue growth and that underlying earnings before interest, taxes, depreciation and amortization will be at the top end of the range of market expectations

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James Halstead Sees 1H Pretax Profit Slipping But Remains Positive for FY 2023

James Halstead PLC said Thursday that it expects profit for the first half of fiscal 2023 to be slightly hit by continued though improving headwinds, and expectations for the full-year performance remain positive.

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ScS Group 10-Weeks Order Intake Rose; To Meet FY 2023 Market Views

ScS Group PLC said Thursday that like-for-like order intake rose in the last 10 weeks and that it is on track to meet fiscal 2023 market expectations.

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Hotel Chocolat Appoints Jon Akehurst as CFO

Hotel Chocolat Group PLC said Thursday that it has appointed Jon Akehurst as chief financial officer with effect in May 2023.

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Safestyle Sees 2022 Swing to Underlying Pretax Loss, Revenue Rising

Safestyle UK PLC said Thursday that it expects to swing to an underlying pretax loss for the year ended Jan. 1, in-line with market expectations, and revenue to rise.

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Shell Adds $41 Billion in Profit to Record Annual Haul From Oil Majors -- WSJ

By Jenny Strasburg

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BT Group Nine-Month Pretax Profit Fell as Depreciation Offset Ebitda Growth -- Update

BT Group PLC said Thursday that nine-month pretax profit fell due to increased depreciation that offset earnings before interest, taxes, depreciation and amortization growth.

Contact: London NewsPlus, Dow Jones Newswires;

(END) Dow Jones Newswires

February 02, 2023 03:08 ET (08:08 GMT)

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