FTSE 100 Seen Opening Slightly Higher Ahead of BOE Decision

0639 GMT - The FTSE 100 is seen opening tentatively higher ahead of the Bank of England's interest-rate decision later Thursday, rising 5 points, according to IG. The BOE is largely expected to raise rates 50 basis points for the first time since 1995 in a decision at 1100 GMT. "In June, the vote was a split decision, and it is quite likely that this one could be too," CMC Markets analyst Michael Hewson writes. A 50bp hike is the "very least" to be expected but there's a high chance of a more aggressive move after comments from several Federal Reserve officials boosted U.S. rate rise expectations, he says. (renae.dyer@wsj.com)

 
Companies News: 

Informa Sells Maritime Intelligence for GBP385M

Informa PLC said Thursday that it has divested its Maritime Intelligence business for 385 million pounds ($467.6 million), completing its GBP2.5 billion GAP II portfolio focus program.

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Phoenix Group to Buy Insurer Sun Life UK for GBP248 Mln

Phoenix Group Holdings PLC said Thursday that it is buying U.K. life-insurance company SLF of Canada UK, also known as Sun Life UK, for 248 million pounds ($301.2 million).

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Rolls-Royce Swung to 1H Pretax Loss After Booking Net Financing Costs of GBP2.1B

Rolls-Royce Holdings PLC said Thursday that it swung to a first-half pretax loss after booking net financing costs of 2.1 billion pounds ($2.55 billion).

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Mondi 1H Pretax Profit, Revenue Rose on Strong Pricing

Mondi PLC on Thursday reported a significant rise in first-half pretax profit and revenue on margin expansion, good selling prices and strong cost control.

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Mediclinic Agrees to GBP3.7 Bln Remgro Consortium Takeover

Mediclinic International PLC said Thursday that it has agreed to a 3.7 billion-pound ($4.49 billion) cash offer from the Remgro Ltd. consortium, as previously flagged.

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Go-Ahead Agrees to Improved GBP669 Mln Kinetic Group Consortium Takeover

Go-Ahead Group PLC said Thursday that it has agreed to an improved 669 million pound ($812.6 million) takeover from the consortium consisting Australia's Kinetic Holding Company Pty. Ltd. and Spain's Globalvia Inversiones SAU.

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Meggitt Swung to 1H Pretax Loss But Underlying Earnings Rose

Meggitt PLC on Thursday reported a pretax loss for the first half of the year, although its underlying performance improved, and said its 6.3 billion-pound ($7.65 billion) takeover by Parker Hannifin Corp. remains on track for completion in the third quarter.

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Next Increases FY 2023 Pretax Profit Guidance on Higher than Expected 2Q Sales

Next PLC said Thursday that total full price sales rose ahead of views in the second quarter of fiscal 2023 due to warmer-than-expected weather in June and July, and that it has upgraded its pretax profit guidance for the whole year.

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Informa Swung to 1H Pretax Profit; Resumes Dividends

Informa PLC said Thursday that it swung to a pretax profit for the first half of 2022 as the company benefited from its investment program, and that it has resumed dividend payments.

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Serco 1H Pretax Profit Rose on Acquisitions, Currency Movements; Raises 2022 View

Serco Group PLC said Thursday that its first-half pretax profit and revenue rose on contributions from acquisitions and favorable foreign exchange movements, and raised its 2022 guidance for underlying trading profit.

 

Contact: London NewsPlus, Dow Jones Newswires;

 

(END) Dow Jones Newswires

August 04, 2022 03:03 ET (07:03 GMT)

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