FTSE 100 Seen Higher; UK Fiscal Policy Remains in Spotlight
27 Septiembre 2022 - 2:23AM
Noticias Dow Jones
FTSE 100 Seen Opening Higher as Traders Continue to Weigh UK
Fiscal Policy
0648 GMT - The FTSE 100 is seen opening higher after a volatile
start to the week on Monday amid concerns that U.K. Treasury chief
Kwasi Kwarteng's fiscal policy will send inflation and government
debt soaring. IG futures data show the London index opening up 37
points. Kwarteng's mini-budget announcement on Friday sparked
turbulence in financial markets, prompting the Bank of England to
issue a statement on Monday. The market will "certainly force the
BOE to deliver an emergency 100 basis points interest rate hike in
the next couple of hours" as the threat of acting at the next
meeting won't be enough to stop the pound's meltdown, Swissquote
Bank analyst Ipek Ozkardeskaya writes. (renae.dyer@wsj.com)
Companies News:
SSE PLC Sees 1H Adjusted Earnings Per Share Rising; Backs
Guidance
SSE PLC said Tuesday that it expects higher adjusted earnings
per share for the first half of the fiscal year, and backed its
full-year guidance.
---
United Utilities Sees Lower 1H Revenue Amid Inflation, Higher
Power Prices
United Utilities Group PLC said Tuesday that revenue for both
the first half and the full fiscal year ending March 31 are
expected to be lower on year amid the inflationary environment and
higher power prices.
---
UK Regulator to Examine Acquisition of National Grid Stake by
Consortium
The U.K. competition regulator said Tuesday that it is
considering whether the acquisition of a 60% shareholding in
National Grid PLC by Macquarie Infrastructure and Real Assets
(Europe) Ltd. and British Columbia Investment Management Corp.
could lessen competition.
---
Weir Group Backs 2022 Views, Targets Operating-Margin Growth
Weir Group PLC said Tuesday that is taking initiatives to
increase operating margins beyond 2023, and backed its guidance for
the full year.
Market Talk:
Unilever Needs to Appoint an External CEO, RBC Says
0605 GMT - Unilever would need to hire an external CEO given
that the company's culture is excessively introspective and lacking
in critical candor, RBC analysts James Edwardes Jones and Emma
Letheren say in a research note. They say that the Anglo-Dutch
retailer should bring in a person who isn't steeped in that
culture, pointing to the period that Paul Polman, formerly at
Nestle and Procter & Gamble, was CEO (2009-18), when Unilever
saw an improvement in sales growth compared with the average for
the combined period 2004-2008 and 2019-21. "We think Unilever needs
more of a shake-up. It worked for a while under Paul Polman; we'd
like to see it work again," the analysts say.
(michael.susin@wsj.com)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
September 27, 2022 03:08 ET (07:08 GMT)
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