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FTSE 100 Seen Slightly Higher; Primark Sales Rebound Sharply

20/06/2022 8:25am

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FTSE 100 Seen Opening Slightly Higher

0646 GMT - The FTSE 100 is expected to open slightly higher after last week's losses on worries about weak economic growth and monetary policy tightening by central banks. Spreadbetting firm IG sees the index opening 17 points higher after closing Friday's session 28 points lower. U.S. stock markets will be closed to observe the Juneteenth federal holiday, which means trading volumes are going to be low, AvaTrade analyst Naeem Aslam writes. There is also little on the economic data calendar Monday. In company news, Associated British Foods shares might be in focus after the food processing and retail group posted an update. (renae.dyer@wsj.com)

 
Companies News: 

Deliveroo Appoints Scilla Grimble as CFO

Deliveroo PLC said Monday that it has appointed Scilla Grimble as chief financial officer and that she is expected to start by no later than June 2023.

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Euromoney Institutional in GBP1.6 Bln Takeover Talks

Euromoney Institutional Investor PLC said Monday that it is in talks with a consortium comprising private equity company Astorg Asset Management S.ar.l and Epiris LLP over a potential 1.6 billion pound ($1.96 billion) takeover.

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Union Jack Oil to Report Maiden Profit in 1H

Union Jack Oil PLC said Monday that it expects to report a maiden profit for the first half of 2022.

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AB Foods 3Q Revenue Rose as Primark Sales Were Above Prepandemic Levels

Associated British Foods PLC said Monday that revenue for the third quarter increased, helped by stronger pricing in ingredients, and said that Primark revenue was above prepandemic levels.

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Rank Lowers FY 2022 Underlying Operating Profit Views on Weaker Casinos, Inflation

Rank Group PLC said Monday that it expects like-for-like underlying operating profit for fiscal 2022 to be below its previously guided range due to weaker-than-expected performance at its Grosvenor casino business and inflationary cost pressures.

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easyJet Warns on Costs, Capacity as Delays Hit Air Travel -- Update

easyJet PLC warned Monday that its operating costs will be higher than expected in the second half of the year, reflecting additional leased aircraft, crew costs and airport charges.

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Kingspan Sees Record 1H Profit Despite Market Deterioration

Kingspan Group PLC said Monday that it expects to report a record profit for the first half of the year despite a market deterioration in the last two months.

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Filtronic Sees Increased FY 2022 Adjusted Ebitda on Sales Mix, Cost Control

Filtronic PLC said Monday that it expects adjusted Ebitda for fiscal 2022 to exceed market expectations after a strong second half and a strong sales mix and tight cost control.

 

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

(END) Dow Jones Newswires

June 20, 2022 03:10 ET (07:10 GMT)

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

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