FTSE 100 to Edge Higher; UK GDP in Focus
12 Agosto 2022 - 02:19AM
Noticias Dow Jones
FTSE 100 Poised to Edge Higher After Mixed Asia Trading
0635 GMT - The FTSE 100 looks set to open 13 points higher at
7478, according to IG futures data, after mixed trading in Asia and
a slightly higher close on Wall Street. Stocks in Australia and
mainland China drop, though markets in Hong Kong, Japan and South
Korea rise. The Dow closed Thursday 0.1% ahead. Brent crude falls
0.3% to $99.30 a barrel. "Friday's European open looks set to be a
weak one as we look ahead to the latest U.K. 2Q GDP numbers, which
aren't expected to be full of much good cheer," CMC Markets analyst
Michael Hewson says in a note. (philip.waller@wsj.com)
Companies News:
888 Holdings 1H Pretax Profit Fell Materially
888 Holdings PLC reported on Friday a significant decline in
pretax profit for the first half of 2022 on lower contribution,
increased legal and professional costs linked to the acquisition of
William Hill, and expenses related to the disposal of the Bingo
business.
---
TBC Bank's 2Q Pretax Profit Fell on Higher Costs; Outlook
Unchanged
TBC Bank Group PLC reported Friday a decline in pretax profit
for the second quarter of 2022 on the back of higher operating
expenses, and reiterated its medium-term targets for the whole
year.
---
Stelrad Group 1H Pretax Profit Fell on Turkish Subsidiary Costs;
Declares Dividend
Stelrad Group PLC said Friday that pretax profit for the first
half fell amid higher costs caused by its Turkish subsidiary new
reporting standards, but revenue rose driven by increased
margins.
Market Talk:
Rio Tinto Expected to Disclose Simandou Scale Within Months,
Barrenjoey Says
0532 GMT - Rio Tinto is expected to update investors on the
scale of the Simandou iron-ore project in Guinea within months,
Barrenjoey analysts say in a note following a sell-side roundtable
with CFO Peter Cunningham. "Peter noted Rio has been working
closely with [JV partner] Winning since Q2, with high level
conceptual plans clear and engineering solutions advanced," say the
analysts. The Barrenjoey analysts expect an $18 billion,
120-million metric ton per annum project. "When asked if Rio could
sell due to ESG concerns, Peter noted Rio is confident Simandou
will have impeccable ESG standards," the analysts say.
(rhiannon.hoyle@wsj.com; @RhiannonHoyle)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
August 12, 2022 03:04 ET (07:04 GMT)
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