FTSE 100 to Extend Losses on Weak U.S. Finish, Mixed Asia Trading
FTSE 100 Is Set to Drop After Mixed Asia Trading
0645 GMT – The FTSE 100 looks set to open about 44 points lower at 7432, according to IG futures data, after mixed trading in Asia and a lower close on Wall Street. Markets in Australia, Japan and South Korea fall, though mainland Chinese and Hong Kong stocks rise. The Dow closed 1.9% lower. Brent crude drops 0.3% to $122.74 a barrel. “The big market mover Friday is the U.S. CPI print for May,” Danske Bank analysts say in a note. “Key focus is on the monthly momentum, where expectations are for further increases in headline inflation while the monthly increase in core inflation should remain around 0.6%, equivalent to 6%-7% in annual terms, way above the Fed’s comfort zone.” (philip.waller@wsj.com)
Companies News:
M.P. Evans Five-Month Production Flat on Year; Proposes Increased Dividend
M.P. Evans Group PLC said Friday that fresh fruit bunch production and crops from the company’s associated scheme smallholders for the five months ended May 31 were effectively flat on year and that it was proposing an increased dividend for 2021.
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ProCook Group Warns on FY 2023 Performance Hit from Cost-of-Living Crisis
ProCook Group PLC said Friday that its performance is being hurt by the current cost-of-living crisis, and that it now expects to report a much lower adjusted pretax profit for fiscal 2023, with revenue in line with the prior year.
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Netcall Wins $19M Contract With Financial Services Firm; Now Expects Higher FY 2023 Adj Ebitda
Netcall PLC said Friday that it has secured a $19 million contract with an S&P 500 financial-services company, and that it now anticipates that adjusted earnings before interest, taxes, depreciation and amortization for fiscal 2023 will be significantly above its previous expectations.
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Midatech Pharma Chairman Rolf Stahel to Retire; Appoints Stephen Parker to Role
Midatech Pharma PLC said Friday that Chairman Rolf Stahel, who is also a nonexecutive director, intends to retire after the next annual general meeting, and that Stephen Parker will be appointed as nonexecutive chairman following the AGM.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
June 10, 2022 03:04 ET (07:04 GMT)
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