London Stocks Seen Opening Marginally Higher
24 Septembre 2021 - 9:26AM
Dow Jones News
London Stocks Seen Opening Marginally Higher
The FTSE 100 is expected to open 7.5 points higher, according to
IG, having closed Thursday at 70788.35. Trade is likely to be
cautious, with investors still worried about prospects for China's
troubled property developer Evergrande. Even so, "stock markets
look in a much better position than they did a few days ago," IG
says. Equity investors may be concerned about signals from the Bank
of England that interest rates may rise sooner than previously
thought, causing sterling and gilt yields to rise, though this
could boost financial stocks. Rising crude oil stocks should help
oil-linked stocks, while utility company Severn Trent will be
watched after it forecast capital growth of more than 10% through
2025.
Companies News:
Severn Trent Forecasts Capital Growth of More Than 10% Through
to 2025
Severn Trent PLC said Friday that it expects its regulatory
capital value, or RCV, to grow more than 10% in real terms during
the AMP7 regulatory cycle which runs through 2025.
---
UK Regulator Serves Enforcement Notice on CVS Group over The Vet
Buy
The U.K. Competition and Markets Authority said Friday that it
has served an initial enforcement order on CVS Group PLC over its
completed acquisition of Quality Pet Care Ltd., preventing the
companies from fully integrating while it investigates the
deal.
---
UK Regulator Probes CHC Group's Acquisition of Babcock
International's Oil-And-Gas Aviation Business
The U.K.'s Competition and Markets Authority said Friday that it
is considering whether CHC Group LLC's acquisition of Babcock
International Group PLC's oil-and-gas business would harm
competition.
---
Mitie Group Expects FY 2022 Operating Pretax Profit of
GBP145M-GBP155M
Mitie Group PLC said Friday that it has continued to perform
well during the second quarter of fiscal 2022 and that it increased
its operating pretax profit guidance for the full year.
---
Symphony Environmental Technologies Raises GBP0.8 Mln to Fund
Development
Symphony Environmental Technologies PLC said Friday that it is
raising 750,000 pounds ($1 million) via a share subscription with
Vincel Investment Holdings Ltd. and will use the money toward the
development and investment in some core technologies.
---
Gama Aviation Swung to 1H Pretax Loss; Liquidity Remained
Strong
Gama Aviation PLC said on Friday that it swung to a pretax loss
for the first half as revenue fell, and that its liquidity remained
strong.
---
In The Style Warns of Profitability Hit on Supply Chain Issues
Despite Revenue Rise
In The Style Group PLC said Friday that revenue from April to
August rose 45% when compared with the year-earlier period on
strong sales, but warned of a hit to its profitability because of
supply chain-related issues.
---
Gresham Technologies Signs A$21 Mln Contract Extensions
Gresham Technologies PLC said Friday that it has signed new
contracts with its largest customer worth more than 21 million
Australian dollars ($15.3 million) for the year to Sept. 30,
2022.
---
Fusion Antibodies Says Revenue Growth Is Consistent With
Previous Financial Period
Fusion Antibodies PLC said on Friday that revenue growth in the
financial period ending March 31, 2022, has been consistent when
compared to the previous financial period and in line with the
board's expectations.
Market Talk:
LondonMetric to Benefit From Demand for UK Warehousing Space
0537 GMT - Real-estate investment trust LondonMetric Property's
exposure to retail has been resilient during the pandemic, and the
continuing strength in logistics demand offers a long runway of
growth, Citi says. Long income retail--around 24% of the
portfolio--, including grocery & roadside and triple net lease
retail and trade, are benefiting from the positive trends in
addition to logistics property with potential for an alternative
use in online fulfillment, Citi says. "The demand-supply imbalance
of warehousing space in the U.K. is expected to continue to drive
rental growth and rents, still a low proportion of overall cost for
online businesses," it says. Citi upgrades its stock rating to buy
from neutral, raising its target price to 299 pence from 232
pence.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka
Halas at sarka.halas@wsj.com
(END) Dow Jones Newswires
September 24, 2021 03:11 ET (07:11 GMT)
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