FTSE 100 Tipped to Fall After Downbeat Asia Trading
0632 GMT - The FTSE 100 is expected to open 28 points lower at 7248, according to CMC Markets, after downbeat trading in Asia. Markets in Australia, Hong Kong, mainland China and Japan are all in negative territory, though South Korean stocks gain. Brent crude drops 1% to $97.43 a barrel and the Dow closed Friday 0.4% lower. "This late slide Friday looks set to translate into a slightly lower European open later this morning," CMC analyst Michael Hewson says in a note. (philip.waller@wsj.com)
Companies News:
Sanne 1H Performance Was Strong; Takeover by Apex Close to Completion
Sanne Group PLC said Monday that its first-half performance was strong, and that as regulatory clearances have been received, its takeover by Apex Group Ltd. is close to completing.
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Anglo American Platinum 1H Profit Fell on Lower Sales Volumes
Anglo American Platinum Ltd. on Monday reported that profits fell in the first half of 2022, reflecting lower sales.
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Ebiquity 1H Revenue Rose, Underlying Operating Profit Set to Double
Ebiquity PLC said Monday that revenue for the first half rose 16% and that it expects to report its underlying operating profit more than doubled.
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Vesuvius Now Sees 1H Ebita of GBP127.4 Mln After Strong May, June Trading
Vesuvius PLC said Monday that it now expects to report earnings before interest, taxes and amortization for the first half of 2022 of 127.4 million pounds ($153 million) as performance for May and June remained stronger than anticipated.
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SThree 1H 2022 Pretax Profit Rose on Higher Revenue; Well Positioned for 2H
SThree PLC said Monday that pretax profit for the first half of fiscal 2022 rose as revenue increased, and that it was well-positioned for the second half as it continued to build and benefit from a strong contractor book.
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Vodafone 1Q in Line; Backs FY 2023 Guidance
Vodafone Group PLC said Monday that performance in its first quarter of fiscal 2023 was in line with its expectations after continued growth in Europe and Africa.
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Ryanair Swung to Net Profit But Missed Market Consensus in First Quarter
Ryanair Holdings PLC said Monday that it swung to a net profit for the first fiscal quarter but missed the market consensus, adding that it had limited visibility on the second quarter and almost zero visibility into the second half.
Market Talk:
Ryanair's 1Q Cost Outperformance, 2Q Pricing Likely to Drive FY 2023 Consensus Upgrades
0606 GMT - Ryanair's adjusted net income of EUR170 million beat consensus of EUR157 million thanks to better-than-expected cost performance offsetting 1Q's weaker pricing, Citi analyst Sathish B. Sivakumar says in a note. The budget carrier reported average fares of EUR34 for the period 4% below 2019's levels, and the airline expects to make a modest profit for FY 2023 after saying visibility into 2H is limited, he says. Furthermore, coupled with higher load factors of 92%, 1Q cost per passenger, excluding fuel, fell to EUR29.63. "We see the 1Q cost outperformance and 2Q pricing comments as likely to drive FY 2023 consensus upgrade," Sivakumar says. Citi has a buy rating on the stock and a EUR18 target price. (anthony.orunagoriainoff@dowjones.com)
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
07-25-22 0313ET
