FTSE 100 to Rise After Global Gains

FTSE 100 to Rise After Gains in US, Asia

0647 GMT - The FTSE 100 is seen recovering some ground after gains in U.S. and Asian stocks with spreadbetter IG expecting the London stocks index to open 40 points higher after closing 68 points lower Thursday. "Because of the positive U.S. close, and positive Asia session, European markets are set to see a positive open, with today's focus on U.K. retail sales for May, and the latest German IFO survey for June," CMC Markets analyst Michael Hewson writes. U.K. retail sales fell 0.5% on month in May versus the 0.7% decline expected by economists in a WSJ survey. April's data was revised lower to show 0.4% growth versus 1.4% growth previously. The German IFO survey is due at 0800 GMT. ([e-mail])

 
Companies News: 

Barclays to Buy Kensington Mortgage Co., Portfolio for Around $2.8 Bln

Barclays PLC said Friday that it has agreed to acquire Kensington Mortgage Co. and a related portfolio of U.K. mortgages for around 2.3 billion pounds ($2.82 billion).

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Ferguson Launches GBP375 Mln Share Buyback

Ferguson PLC said Friday that it is starting a share buyback of 375 million pounds ($459.8 million) in continuation of its $2 billion repurchase program.

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Lamprell Says Blofeld Takeover Offer Is at a Significant Discount

Lamprell PLC said Friday that it considers the takeover cash offer from Blofeld Investment Management to be at a significant discount to the prevailing share price and so far no agreement has been reached.

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RPS Group Says Five-Month Performance Was Better Than Expected

RPS Group PLC said Friday that its performance in the first five months of the year was better than expected.

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Trackwise Designs Sees 2022 Sales Below Market Views on Lower Demand

Trackwise Designs PLC said Friday that sales for 2022 are expected to be below market views due to reduced customer demand.

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Foresight Sustainable Forestry Raises GBP45 Mln Via Equity Issue

Foresight Sustainable Forestry Co. said Friday that it has raised 45 million pounds ($55.2 million) via share issue to acquire further assets.

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Essentra to Sell Packaging Businesses for GBP312 Mln

Essentra PLC said Friday that it will sell its packaging businesses ESNT Packaging & Securing Solutions Ltd. and Essentra Packaging US Inc. for 312 million pounds ($382.5 million) in cash.

Contact: London NewsPlus; [e-mail]

(END) Dow Jones Newswires

June 24, 2022 03:12 ET (07:12 GMT)

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