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.

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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.

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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).

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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.

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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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