FTSE 100 Seen Opening Higher But Gains Could be Fragile
0636 GMT – The FTSE 100 is seen opening higher with spreadbetting firm IG expecting London’s top tier stocks index to rise 73 points following a mixed session for Asian equities. “FTSE and European futures hint at a positive start despite escalating tensions in Ukraine after the fall of Lysychansk in the hands of Russians,” Swissquote Bank analyst Ipek Ozkardeskaya writes. “So, gains are probably fragile,” she says. Meanwhile, the U.S. stock market is closed for the Fourth of July holiday so trading volumes will be lower. (renae.dyer@wsj.com)
Companies News:
Palace Capital to Buy Back 2.3 Million Shares for Up to GBP7 Mln
Palace Capital PLC said Monday that it aims to buy back 2.3 million shares in the company for no more than 7 million pounds ($8.5 million).
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Sareum Holdings Says GSK Completes Acquisition of Sierra Oncology
Sareum Holdings PLC said on Monday that GSK PLC has completes the acquisition of Sierra Oncology for US$1.9 billion in cash and therefore will own Sareum’s cancer treatment SRA737 license.
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Bigblu’s 1H Revenue, Adjusted Ebitda Grew; Trading in Line with Views
Bigblu Broadband PLC said Monday that its performance for the first half of fiscal 2022 was marked by a rise in revenue and adjusted Ebitda, and that it has traded in line with views.
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Spirax-Sarco Engineering in Exclusive Talks to Buy Vulcanic for EUR261.7 Mln
Spirax-Sarco Engineering PLC said Monday that it is in exclusive talks to buy Vulcanic Group from French private equity company Qualium for 261.7 million euros ($272.8 million).
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Palace Capital Says it Will Focus on ESG Strategy, Will Dispose of Industrial Portfolio
Palace Capital PLC said Monday that it is changing its strategy and will refocus to environmental, social, and governance-driven operations.
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H&T Group Buys Swiss Time Services for GBP4.3 Mln
H&T Group PLC said Monday that it has acquired the watch servicing and repair center Swiss Time Services Ltd. for 4.3 million pounds ($5.2 million).
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Ex-KPMG boss Mary O’Connor joins insurer Howden to run new capital advisory business — Financial News
Mary O’Connor was the first woman to lead a Big Four firm in the UK
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Grafton Group’s CEO Gavin Slark to Leave by End 2022
Grafton Group PLC said Monday that its Chief Executive Gavin Slark intends to step down on Dec. 31.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
July 04, 2022 03:10 ET (07:10 GMT)
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