FTSE 100 Tipped to Fall After Mixed Asia Trading

FTSE 100 index headed lower after mixed Asian trading

0729 GMT – The FTSE 100 is expected to open 24 points lower at 7470, according to CMC Markets, after mixed trading in Asia. Markets in mainland China and Japan are higher, but lower in Hong Kong. “Before the Fed meeting this week, we will have the latest flash PMIs from Germany, France and the UK for January, which are not expected to be particularly positive,” says Michael Hewson, analyst at CMC. ([email protected])

 
Companies News: 

Investor activist Nelson Peltz buys stake in Unilever

Trian Fund Management LP, the activist hedge fund managed by Nelson Peltz, has taken a stake in Unilever PLC, according to people familiar with the matter, adding to pressure on the packaged food and consumer goods giant in the wake of the failure of its $68 billion bid. for the consumer health business of GlaxoSmithKline PLC.

MyHealthChecked 2021 performance is strong and prospects are positive in the first half of 2022

MyHealthChecked PLC said Monday that its 2021 performance was successful amid high demand for Covid-19 tests, and that it is confident of its prospects for the first half of 2022.

TouchStar doubles pre-tax earnings for 2021

TouchStar PLC said Monday it expects to report more than double its pre-tax earnings for 2021, above market expectations.

Belluscura 2021 Demand for a Portable Oxygen Concentrator Beats Views

Belluscura PLC said Monday that demand for its portable oxygen concentrator has exceeded its 2021 views, and that it has remained debt-free all year.

Spirax-Sarco buys Cotopaxi for £13.3m

Spirax-Sarco Engineering PLC said Monday it has agreed to buy Cotopaxi Ltd. From Business Intelligence of the Oriental Nations Corp of China for 13.3 million pounds ($18 million).

Empyrean Energy begins legal action against cyber scammer

Empyrean Energy PLC said on Monday it has started legal proceedings in Singapore against the company believed to have committed online fraud.

Myriad Advertising expects a decline in revenues in 2021

Mirriad Advertising PLC said Monday that it expects to report a decline in revenue for 2021 and that annual growth in the United States has been strong.

Gulf Marine Services expects Ebitda 2022 to grow in line with market views

Gulf Marine Services on Monday expected its profits to rise in 2022 in line with market expectations.

TomCo Energy raises £1.3m to fund drilling at Utah site

TomCo Energy PLC said on Monday it had raised 1.3 million pounds ($1.8 million) through a share issue to fund three exploration wells at the Tar Sands II site in Utah.

De La Rue forecasts operating profit for fiscal 2022 below market expectations

De La Rue PLC said Monday that it expects adjusted operating profit for fiscal year 2022 to be lower than market expectations due to the impact of Omicron and Delta Covid-19 variables on manufacturing facilities.

AdvancedAdvT’s latest proposal to purchase M&C Saatchi has been rejected

AdvancedAdvT Ltd. says: On Monday, it submitted an improved takeover offer to M&C Saatchi PLC, which it says was rejected by the UK advertising company.

 
Market Talk: 

The rise in natural gas prices may continue even after winter

0344 GMT – High natural gas prices may persist even after the peak winter heating season ends in February, says Goldman Sachs. The investment bank says European gas markets are in focus; While stock levels there appear adequate, “we estimate that one standard deviation colder than the average in February-March would drive end-winter stocks to record lows for 2018, with the potential for blackouts,” Goldman says. She says the impact of the global economy more broadly is also possible. Not only is gas one of the most important commodities for winter heating and power generation, but large sectors of industry depend on the fuel for manufacturing. It says corporate earnings in energy-intensive sectors could also be affected. ([email protected])

Rio Gadar’s setback is not a surprise, but it could have consequences

2238 GMT – Serbia’s decision to revoke licenses and scrap a spatial plan for Rio Tinto’s Jadar project, according to comments by Prime Minister Anna Bernabek, should not come as a surprise to investors given previous concerns raised over the controversial lithium project, according to Morgan Stanley. But it reduces the chances of the project moving forward as planned, says MS, who anticipates the need for more consultations and negotiations that will lead to further delays. “This will also slow Rio Tinto’s ambitions to increase the portfolio’s exposure to future-facing commodities, and may lead to a serious pursuit of inorganic growth,” the bank says. ([email protected]; RhiannonHoyle)

 

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones News; [email protected]

(end) Dow Jones Newswires

January 24, 2022 03:11 ET (08:11 GMT)

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