London Stocks to Open Higher
London Stocks Seen Opening Higher
The FTSE 100 index is expected to open 37.5 points higher
according to IG, having closed Thursday at 7027.48, although
analysts say equities continue to lack any clear direction.
Stronger-than-forecast U.S. retail sales sparked some concern about
possible earlier Federal Reserve tapering, though debates over
President Joe Biden's fiscal spending package and over raising the
debt ceiling may push tapering back to the end of the year, says
Ipek Ozkardeskaya, analyst at Swissquote. Meanwhile, a correction
in equities isn't happening because of the fear of "missing out a
further rally," she says. U.K. data earlier showed retail sales
unexpectedly fell 0.9% during August.
UK Competition Watchdog to Consider Pennon's Acquisition of
The U.K. Competition and Markets Authority said Friday that it
is looking at Pennon Group PLC's acquisition of Bristol Water.
S4 Capital's Media.Monks Mergers with Zemoga
S4 Capital PLC, a U.K. digital-advertising and
marketing-services company, said Friday that its new unitary brand
Media.Monks is joining forcer with Zemoga via a merger.
Foxtons Group Names Nigel Rich as Next Chairman
Foxtons Group PLC said Friday that it has appointed Nigel Rich
as chairman with effect from Oct. 1, succeeding Ian Barlow.
Aegon to Buy Back Shares Worth EUR96 Mln to Offset Paying
Dividend in Shares
Aegon NV said Friday that it will repurchase common shares worth
96 million euros ($112.9 million) to neutralize the dilutive effect
of its first-half dividend in shares.
CEPS Raises GBP1.6 Mln in Discounted Share Placing
CEPS PLC said Friday that it raised 1.6 million pounds ($2.2
million) in a discounted share placing.
Safestay Says Board Was Approached About Possible Offer
Safestay PLC said on Friday that the board has received a "very
early stage and highly conditional approach" from a third party in
relation to a possible offer for the company.
Volvere 1H Pretax Loss Narrowed
Volvere PLC on Friday reported a significantly narrowed pretax
loss for the first half of 2021, noting that its financial position
continues to be strong, with high liquidity.
Accsys Technologies Five-Month Performance Marked by Sales,
Accsys Technologies PLC said Friday that its performance in the
first five months of fiscal 2022 was strong, marked by growth in
sales and revenue.
Near-Term Outlook for UK Retail Sales Looks Challenging
August's U.K. retail sales data bring more evidence that the
recovery in consumer spending has lost considerable momentum in the
third quarter, Pantheon Macroeconomics chief U.K. economist Samuel
Tombs says. Retail sales volumes fell by 0.9% month-on-month in
August but they were still 4.6% above their February 2020 level. So
far, household spending appears to have been no stronger in
September, Tombs says. "The near-term outlook for households'
spending is overcast," the economist says. Households' real
disposable incomes will decline in the fourth quarter as inflation
soars to about 4%, labor income drops in the wake of the wind-down
of the furlough program and a GBP20-a-week uplift to Universal
Credit is withdrawn, he says.
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(END) Dow Jones Newswires
September 17, 2021 03:11 ET (07:11 GMT)
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