FTSE 100 Seen Opening Higher After Wall Street Rally

0737 GMT - The FTSE 100 is seen opening higher after U.S. stocks rallied overnight with the tech-heavy Nasdaq leading the gains. "The outperformance in tech appears to point to a growing conviction on the part of investors that the Federal Reserve will soon have to look at cutting rates before the end of the year, although to look at bond markets yesterday, yields also moved higher, as money flowed out of Treasury markets," CMC Markets analyst Michael Hewson writes. IG futures data show the FTSE 100 opening 6 points higher. Key data on Tuesday include purchasing managers' index surveys for the eurozone at 0900 GMT, the U.K. at 0930 GMT and the U.S. at 1445 GMT. (renae.dyer@wsj.com) 


 
Companies News:

Senior Expects to Beat 2022 Market Profit Forecasts on Strong Flexonics Unit

Senior PLC said Tuesday that it expects to swing to a 2022 profit ahead of market expectations, reflecting a strong end to the year, particularly in its Flexonics division.

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Associated British Foods 1Q Revenue Rose on Resilient Consumer Spending

Associated British Foods PLC said Tuesday that revenue for the first quarter of fiscal 2023 rose on year after a better-than-anticipated consumer spending despite increasing cost pressures, and backed its fiscal 2023 expectations.

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M&C Saatchi Had Record 2022 Performance; Chair Gareth Davis to Step Down

M&C Saatchi PLC said Tuesday that it had a record performance last year with strong revenue in its higher growth specialisms and in the U.K. and Americas.

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Marston's Christmas-Period Sales Rose on Year, Has Hedged Electricity Costs for FY 2023

Marston's PLC said Tuesday that like-for-like sales rose 13% in the 16-week period to Jan. 21 compared with a year earlier and that its electricity costs are now hedged for its fiscal 2023 ending September.

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Pebble Beach Expects 2022 Results in Line With Expectations

Pebble Beach Systems Group PLC said Tuesday that it expects to report full-year 2022 results in line with expectations, following a strong performance in the second half.

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Henry Boot Sees 2022 Pretax Profit Just Below Market Views on Valuation Falls

Henry Boot PLC said Tuesday that it ended 2022 with a pretax profit slightly below market expectations due to year-end valuation movements offsetting strong sales, and that it expects 2023 to prove more challenging.

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THG PLC Appoints Damian Sanders as Chief Financial Officer

THG PLC said Tuesday that it has appointed Damian Sanders as chief financial officer with immediate effect, replacing John Gallemore who has been appointed chief operating officer.


Contact: London NewsPlus, Dow Jones Newswires;

(END) Dow Jones Newswires

01-24-23 0256ET