FTSE 100 to Edge Higher, Tracking Global Gains; Inflation Accelerates
17 Agosto 2022 - 2:22AM
Noticias Dow Jones
FTSE 100 Expected to Open Higher as UK Inflation Accelerates
0632 GMT - The FTSE 100 is expected to track gains in Asian and
U.S. stocks overnight with the latest U.K. inflation data in focus.
IG futures data see London's top-tier stocks index opening 16
points higher. U.K. inflation accelerated to an annual rate of
10.1% in July from 9.4% in June, beating the 9.8% expected in a WSJ
survey of analysts. "There are fears that we are near the end of
summer, demand is likely to increase for energy and there isn't
enough supply of gas, the winter may actually fuel the inflation
situation further," AvaTrade analyst Naeem Aslam
writes.(renae.dyer@wsj.com)
Companies News:
GSK Says Plaintiff to Drop Zantac Case
GSK PLC said late Tuesday that the plaintiff's counsel in the
first of the U.S. lawsuits over discontinued heartburn drug Zantac
plans to file a notice of voluntary dismissal.
---
ASOS CFO to Step Down as Company Restructures Executive Team
ASOS PLC said Wednesday that Chief Operating Officer and Chief
Financial Officer Mat Dunn has agreed to step down as the company
looks to restructure its executive team.
---
Boohoo Group Buys 7.1% of Revolution Beauty Shares
Boohoo Group PLC said Wednesday that it has bought 22.1 million
shares in Revolution Beauty Group PLC, or 7.1% of its issued share
capital, and plans to be a long-term supportive partner.
---
Persimmon 1H Pretax Profit Fell; Backs 2022 Legal-Completions
Target
Persimmon PLC said Wednesday that pretax profit and revenue fell
in the first half of 2022, and that it anticipates delivery volume
to increase in the second half as the company rebuilds its outlet
position.
---
Glanbia 1H Pretax Profit Rose on Favorable Pricing, Higher
Volumes; Updates Guidance
Glanbia PLC said Wednesday that its pretax profit for the first
half of fiscal 2023 rose on favorable pricing and an increase in
volumes, and updated its guidance for the year.
---
Plus500 1H Pretax Profit Rose; Launches $60.2 Mln Share Buyback
Program
Plus500 Ltd. said Wednesday that pretax profit for the first six
months of 2022 rose, adding that it has launched a share buyback
program and updated its shareholders return policy.
---
Predator Oil & Gas to Raise GBP3.3 Mln to Fund Drilling
Predator Oil & Gas Holdings PLC said Wednesday that it is
raising 3.3 million pounds ($4 million) via a share placing and
will use the money toward drilling.
Market Talk:
Sterling Remains Higher After UK Inflation Data Exceed
Forecasts
0647 GMT - Sterling stays higher on the day after data showed
U.K. inflation accelerated by more than expected in July. Inflation
rose to an annual rate of 10.1% in July from 9.4% in June,
exceeding the 9.8% expected by analysts in a WSJ survey. "Inflation
printing above forecasts adds to the mounting pressure on the Bank
of England to tighten monetary policy and continue to raise
interest rates," Silicon Valley Bank analyst Sam Cooper writes.
"Expect sterling to remain volatile in response as markets grapple
with a cost of living crisis, a fall in real wages, rampant price
growth and a bleak outlook for economic activity," Cooper says.
GBP/USD and EUR/GBP trade at 1.2113 and 0.8398 respectively, both
little changed after the data. (renae.dyer@wsj.com)
UK Inflation Expected to Ease Temporarily in August,
September
0642 GMT - U.K. headline inflation continued to rise in July,
boosted by a wide range of components, Pantheon Macroeconomics'
chief U.K. economist Samuel Tombs says in a note. Consumer prices
were 10.1% higher in July than a year earlier, up from 9.4% in
June. Looking ahead, the headline rate looks set to fall a little
in August and September, as the recent fall in oil prices gets
passed on to consumers at the petrol pump, Tombs says. But the
headline rate then will soar to around 13% in October, when U.K.
energy regulator Ofgem will increase its default tariff price cap
by about 80%, the economist says. (maria.martinez@wsj.com)
Spirent Seen as Good Stock to Own in a Recession
0543 GMT - Spirent Communications is a favorable stock to own
through a consumer recession as telecom carriers and network
equipment makers are unlikely to reduce their 5G network build-out
plans given the significant capex already spent on spectrum and
R&D, Berenberg analysts say in a research note. The fact that
the company hasn't changed its full-year expectations looks
conservative given the 1H growth expectations beat, and the current
order book offers good visibility for this year and beyond, they
say. Berenberg expects the company to beat consensus top line and
EPS numbers for the year. Berenberg raises its rating on the stock
to buy from hold and has a target price of 300
pence.(kyle.morris@dowjones.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
August 17, 2022 03:07 ET (07:07 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
FTSE 100
Gráfica de índice
De Mar 2024 a Abr 2024
FTSE 100
Gráfica de índice
De Abr 2023 a Abr 2024