London Stocks Seen Opening Higher
The FTSE 100 is expected to open 98 points higher, according to IG, having closed Friday at 7044.03, as equity markets recover from a steep slide due to fears about the spread of the new Omicron variant of Covid-19. Concerns about this remain, with the potential for travel restrictions or other restrictions that could hamper business, but analysts say initial reports suggest the variant might not be dangerous. "The good news is the WHO said that the symptoms of the new Omicron were rather 'mild' so far," Ipek Ozkardeskaya, analyst at Swissquote, said. Traders will keep an eye on the oil price, which recovers Monday after recent sharp falls, she said.
Hammerson in Talks to Sell Silverburn Shopping Center for GBP140 Mln
Hammerson PLC said Monday it is in talks to potentially sell Silverburn, its flagship shopping center near Glasgow, for around 140 million pounds ($186.7 million).
A.G. Barr Sees FY 2022 Pretax Profit, Revenue Ahead of Market Expectations
A.G. Barr PLC said Monday that the positive performance it first disclosed in September has continued and it now expects revenue and pretax profit for fiscal 2022 to exceed market expectations.
U.K. Watchdog Refers CHC/Babcock International Deal for Further Review
The U.K. Competition and Markets Authority said Monday that it will refer CHC Group LLC's acquisition of Babcock International Group PLC's oil-and-gas offshore helicopter business for a further review after CHC said that it won't offer any solution to address the regulator's competition concerns.
Grafton's Traditional Merchanting Business Sale Raises Competition Concerns, UK Watchdog Says
The U.K. Competition and Markets Authority said Monday that Grafton Group PLC's planned sale of its traditional merchanting business in Great Britain to Huws Gray could create competition issues and that it will refer the deal for a further review unless the parties offer an acceptable undertaking to address its concerns.
Gresham House Strategic Proposes Wind-Down; Initial GBP25 Mln Capital Return
Gresham House Strategic PLC said Monday that it has recommended proposals for a managed wind-down of the company, and proposed an initial return of capital of up to 25 million pounds ($33.3 million).
Amigo Holdings Proposes New Scheme Involving Dilutive Equity Raise, Lending Restart
Amigo Holdings PLC said Monday that it has proposed a scheme to address the complaints liability which involves an equity raise that is likely to result in material dilution for existing shareholders.
Benchmark Holdings Raises GBP20.7 Mln Via Share Issue
Benchmark Holdings PLC said Monday that it has raised 20.7 million pounds ($27.6 million) via a share issue to fund its growth initiatives.
Constellation Automotive Launches GBP322.9 Mln Takeover for Marshall Motor
Constellation Automotive Holdings Ltd. on Monday launched a 322.9 million-pound ($430.7 million) takeover for Marshall Motor Holdings PLC.
Dev Clever Sees FY 2021 Earnings 'Materially Ahead' of Expectations
Dev Clever Holdings PLC said Monday that it expects to report adjusted earnings before interest, taxes, depreciation and amortization materially ahead of management expectations for the year ended Oct. 31.
Rio Tinto Faces Biggest Risk to Iron-Ore Output, Capex From Heritage Law Changes
Rio Tinto faces the greatest risk to iron-ore production and capex among major miners from Western Australia state's heritage law changes, Goldman Sachs says. The changes to the heritage laws are expected to pass by year-end and will likely increase the time taken for permit approvals, the bank says. With a possible 17 "replacement" mines to be constructed from 2021-2027, Rio has the highest number of mines to build in the years ahead, versus rivals BHP and Fortescue, as it seeks to balance falling tonnages from maturing pits, Goldman Sachs says.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at email@example.com
(END) Dow Jones Newswires