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Name Symbol Market Type
FTSE 100 Index FTSE:UKX FTSE Indices Index
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  -140.92 -1.97% 7,018.60 7,169.12 6,981.50 7,159.52 0 16:35:28

FTSE 100 to Slide as Inflation Hits 40-Year High

22/06/2022 8:20am

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FTSE 100 to Open Lower as UK Inflation Hits 40-Year High

0641 GMT - The FTSE 100 is seen opening lower with spread betting firm IG expecting the index to fall 86 points as oil prices fall, while data showed U.K. inflation accelerated to a 40-year high. "Despite yesterday's gains, today's European open looks set to be a negative one, as a slide in oil prices over demand concerns weighs on the wider narrative, prompting weakness in Asia markets, along with U.S. [stock] futures," CMC Markets analyst Michael Hewson writes. U.K. inflation rose to an annual rate of 9.1% in May from 9.0% in April, according to the Office for National Statistics, amid a cost of living crisis. Meanwhile, U.S. Federal Reserve Chair Jerome Powell delivers a testimony before the Senate Banking Committee at 1330 GMT. (

Companies News: 

Micro Focus 1H Pretax Loss Narrowed on Lower One-Off Costs, Gain on Digital Safe Disposal

Micro Focus International PLC said Wednesday that its pretax loss for the first half narrowed, driven by a significant reduction in exceptional spending and a $63.0 million profit on the disposal of Digital Safe.


Anglo American's De Beers Reports Higher Diamond Sales for Cycle 5

Anglo American PLC on Wednesday reported diamond sales of $650 million for the fifth sales cycle of 2022 running between June 6 and June 21.


Berkeley Group FY 2022 Profit Rose on Robust Homes Demand; Backs FY 2023 Views

Berkeley Group Holdings PLC said Wednesday that pretax profit and revenue rose in fiscal 2022, and backed its fiscal 2023 expectations.


Frasers Group Increases Investment in Hugo Boss

Frasers Group PLC said Wednesday that it has recently increased its investment in Hugo Boss AG to around 900 million euro ($948.0 million).


UK Government Extends NatWest Trading Plan to August 2023

UK Government Investments Ltd. said Wednesday that it has extended the trading plan under which it will sell Her Majesty's Treasury's shareholding in NatWest Group PLC by a year to Aug. 11, 2023.


Churchill China Confident in 2022 View on Continued Record Demand

Churchill China PLC said Wednesday that it remains confident of delivering an on-year improvement in performance for 2022 as the record demand noted in its preliminary results has continued.


Bonhill to Sell Business Solutions and Governance Arm; Focus on Financial Services

Bonhill Group PLC said Wednesday that it has decided to sell its business solutions and governance division to focus on financial services.


JD Sports Fashion FY 2022 Pretax Profit Rose but Missed Market Views

JD Sports Fashion PLC said Wednesday that pretax profit for fiscal 2022 rose, though it was below market expectations, and the company warned of headwinds due to macroeconomic uncertainties.


Intelligent Ultrasound Sees 2022 Revenue in Line With Expectations

Intelligent Ultrasound Group PLC said Wednesday that it continues to be confident in the upgraded market expectations for 2022 revenue.


Liontrust FY 2022 Pretax Profit Rose, Raises Dividend

Liontrust Asset Management PLC reported on Wednesday a rise in both pretax profit and revenue for fiscal 2022, and raised its dividend payout.


Team PLC 1H Pretax Loss Narrowed on Organic Growth, Maintained Positive Momentum

Team PLC said Wednesday that pretax loss for the first half of fiscal 2022 narrowed and revenue increased on organic growth and maintained positive momentum after completing two acquisitions.


Contact: London NewsPlus;

(END) Dow Jones Newswires

June 22, 2022 03:05 ET (07:05 GMT)

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

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