FTSE 100 Poised to Rise After Asia, US Gains
0641 GMT - The FTSE 100 Index looks set to open 42 points higher at 7278, according to IG futures data, after upbeat trading in Asia and a higher close on Wall Street. Markets in Australia, mainland China, Hong Kong and Japan all gain and the Dow closed 0.6% ahead Monday. Brent crude rises 0.3% to $92.28 a barrel. "Yesterday's late rebound in the U.S. looks set to translate into a positive start for European markets later this morning," CMC Markets analyst Michael Hewson says in a note. (philip.waller@wsj.com)
Companies News:
Frasers Group's Mike Ashley to Stand Down from Board at AGM
Frasers Group PLC said Tuesday that Mike Ashley won't be standing for re-election at the annual general meeting on Oct. 19, and will therefore stand down from the board.
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Haleon 1H Pretax Profit Rose on Strong Brand Performance; Backs 2022 Views
Haleon PLC reported an increase in pretax profit in the first half of 2022, driven by a robust brand performance, and backed its guidance for the full year.
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Kingfisher 1H Pretax Profit, Sales Fell on Persistent Inflationary Pressures
Kingfisher PLC on Tuesday reported a significant decline in pretax profit for the first half of fiscal 2023, and said sales fell amid inflationary pressures, which are expected to persist in the second half.
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Moonpig Sees FY 2023 Revenue Doubling From Prepandemic Levels
Moonpig Group PLC said Tuesday that its performance for fiscal 2023 to date has been in line with management expectations and it expects to see revenue double when compared with the same period three years ago.
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UK Regulator Starts Inquiry Into ALD, LeasePlan Deal
The U.K. competition authority on Tuesday launched an inquiry into the proposed acquisition of LeasePlan Corporation NV by Societe Generale SA's vehicle-leasing business ALD SA.
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Fuller Smith & Turner Sales Rose in Early Part of FY23; Sees Energy Costs Rising
Fuller Smith & Turner PLC said Tuesday that like-for-like sales for the 25 weeks to Sept. 17 rose 21% on year as it continues its pandemic recovery, though it expects energy costs to significantly rise.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
09-20-22 0312ET
