FTSE 100 Seen Recovering After Losses Amid Banking-Sector Worries
27 März 2023 - 9:02AM
Dow Jones News
FTSE 100 Seen Recovering After Losses Amid Banking-Sector
Worries
0630 GMT - The FTSE 100 is expected to open higher, recovering
after ending last week lower on concerns about banking-sector
stress. IG futures data show London's index of blue-chip stocks
opening 78 points higher after closing Friday's session down 94
points. "As we look to start a new week there is no question that
investors and markets, in general, are much more concerned about
the health of the banks than they were a few weeks ago, with the
big question now being what happens next, given that the capacity
of central banks to ride to the rescue this time is limited by
still high levels of inflation," CMC Markets analyst Michael Hewson
writes. (renae.dyer@wsj.com)
COMPANIES NEWS:
Belvoir 2022 Pretax Profit Fell on Higher Costs, Raises
Dividend
Belvoir Group PLC said Monday that pretax profit in 2022
slightly fell amid higher costs, and that it has increased its
dividend payout.
---
EDF's Acquisition of GE Operations Probed by UK Antitrust
Watchdog
The U.K.'s competition regulator said Monday that it is looking
into Electricite de France SA's deal to buy General Electric Co.'s
nuclear steam-power business.
---
Hyve Sees 1H Revenue of GBP95 Mln-GBP100 Mln
Hyve Group PLC said Monday that performance in its fiscal first
half has been in line with its expectations after it ran a full
schedule of events and that revenue in the period is seen at 95
million to 100 million pounds ($116.2 million-$122.3 million).
---
Plexus Holdings 1H Pretax Loss Widened on Higher Costs, Expects
Full-Year Revenue Below Views
Plexus Holdings PLC said Monday that its pretax loss for the
first half of fiscal 2023 widened on higher costs, and that revenue
for the year will be materially lower than market expectations.
---
Technology Minerals Raises GBP2.5 Mln from New Investor
Technology Minerals PLC said Monday that it has raised 2.5
million pounds ($3.1 million) via a share subscription and loan
note issue with a new investor and will use the money toward its
battery metals mining assets.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
March 27, 2023 02:47 ET (06:47 GMT)
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