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FTSE 100 Index FTSE:UKX FTSE Indices Index
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  59.05 0.76% 7,820.16 7,837.84 7,758.51 7,761.11 0 16:35:29

FTSE 100 Seen Down; Government Won't End 45% Tax Rate

03/10/2022 8:16am

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FTSE 100 Poised to Fall After Mixed Asia Trading

0641 GMT - The FTSE 100 Index looks set to open 62 points lower at 6831, according to IG futures data, after mixed Asia trading and a lower close on Wall Street on Friday. Markets in Australia and Hong Kong drop, though Japanese stocks rise. The Dow closed Friday 1.7% down. "Today, we will get the final September manufacturing PMIs," Danske Bank analyst Jens Peter Sorensen writes. "Indices are broadly expected to stay below the 50 level, reflecting a slowdown in global manufacturing activity. Otherwise, markets will continue to keep a close eye on the quickly-evolving European security landscape and on EU leaders as they push for an eighth batch of sanctions against Russia," he says. (philip.waller@wsj.com)

Top News: 

UK Government Won't End 45% Top Rate Of Income Tax -- WSJ

The U.K. government Monday said it won't proceed with the removal of a 45% top rate of income tax, removing a key element of the mini-budget unveiled late last month that triggered turmoil in the country's financial markets and an intervention by the Bank of England.

 
Companies News: 

James Halstead FY 2022 Pretax Profit, Revenue Rose; New Year Started Well

James Halstead PLC said Monday that its fiscal 2022 pretax profit and revenue rose on sales growth and despite increased costs, and the new year has begun well.

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Halma Acquires IZI Medical Products in US

Halma PLC said Monday that it has acquired IZI Medical Products, a designer, manufacturer and distributor of medical consumable devices headquartered in Maryland in the U.S., for an initial consideration of $153.5 million in cash.

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QinetiQ to Buy Air Affairs for $33.9 Mln; To Sell Belgian Division for $31.4 Mln

QinetiQ Group PLC said Monday that it has agreed to buy Air Affairs (Australia) Pty for 53 million Australian dollars ($33.9 million) in cash, and that it will sell QinetiQ Space NV for 32 million euros ($31.4 million) in cash.

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Argentex Expects Higher 1H Revenue

Argentex Group PLC said Monday that it expects to report a rise in revenue for the first half and the board is confident the company will exceed current market expectations for the year.

 

Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

October 03, 2022 03:01 ET (07:01 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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