FTSE 100 Seen Lower on U.S. Tech Disappointment

FTSE 100 Seen Opening Lower After Tech Earnings Disappoint

0743 GMT - The FTSE 100 is expected to open lower following gains in the previous session after interest-rate decisions from the Bank of England and the European Central Bank. IG futures data show the London index opening down 6 points after closing 59 points higher Thursday. The ECB and BOE both raised rates by 50 basis points on Thursday but their communications were interpreted by markets to suggest a peak is nearing, boosting equities. "Today will probably not be as fantastic as yesterday, as Apple, Amazon and Google announced earnings after the bell yesterday, and they all disappointed," Swissquote Bank analyst Ipek Ozkardeskaya writes. Meanwhile, a key focus Friday is the U.S. nonfarm payrolls report at 1330 GMT. ([e-mail])

 
Companies News: 

MGC Pharmaceuticals Secures $600,000 Funding; CFO Steps Down

MGC Pharmaceuticals Ltd. said Friday that a funding request of $600,000 has been approved and that its chief financial officer has stepped down.

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Avation Expects to Report 1H Revenue Fall, With Airline Sector Still Recovering From Pandemic

Avation PLC said Friday it expects to report a fall in revenue for the first half of fiscal 2023, with the airline industry still recovering from the coronavirus pandemic.

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Focusrite Backs FY 2023 View After in Line Four-Month Performance

Focusrite PLC said Friday that performance in the first four months of fiscal 2023 has been in line with board expectations in its content creation and audio-reproduction businesses and that it continues to back its full-year view.

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CMO Group Sees 2022 Ebitda Fall Amid Challenging Backdrop

CMO Group PLC said Friday that it expects to report that 2022 adjusted Ebitda fell amid challenging market conditions and despite an improvement in sales.

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Yellow Cake Increases Placing to $75 Mln as Investor Demand Rose

Yellow Cake PLC said Friday that it increased the size of a placing to around $75 million from $50 million due to strong investor demand.

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Petro Matad Raises $6.0 Mln via Discounted Share Placing

Petro Matad Ltd. said Friday that it has conditionally raised $6.0 million via a discounted share placing and that it will use the cash for funding its projects.

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Nanoco Signs Agreements With Samsung for $150m Litigation Settlement

Nanoco Group PLC said Friday that it has secured a $150m litigation settlement with Samsung on a no fault basis for the alleged infringement of the group's intellectual property.

Contact: London NewsPlus; [e-mail]

(END) Dow Jones Newswires

February 03, 2023 03:03 ET (08:03 GMT)

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