FTSE 100 Seen Opening Higher as Traders Weigh China Data
0648 GMT - The FTSE 100 is seen opening 25 points higher, according to IG, as investors react to Chinese manufacturing activity data and await key U.S. private payrolls data. China's manufacturing purchasing managers' index rose to 49.4 in August from 49.0 in July, but remained below the 50-level that separates a contraction from expansion, the National Bureau of Statistics said Wednesday. "Traders are trying to remain optimistic after the Chinese manufacturing PMI data, which has shown some improvement," AvaTrade analyst Naeem Aslam writes. U.S. ADP data at 1215 GMT are expected to show a 300,000 increase in private payrolls, potentially increasing the odds of the Federal Reserve raising interest rates by 75 basis points at the next meeting, he says. (renae.dyer@wsj.com)
Companies News:
Bank of Ireland Appoints Gavin Kelly as Interim CEO
Bank of Ireland Group PLC said Wednesday that it has appointed Gavin Kelly as its interim chief executive and executive director while it searches for the successor of outgoing Chief Executive Francesca McDonagh.
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GRC International FY 2022 Pretax Loss Narrowed as Billings Rose
GRC International Group PLC said Wednesday that pretax loss narrowed for fiscal 2022 as overall and recurring billings increased.
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Shoe Zone Sees FY 2022 Adjusted Pretax Profit of Not Less Than GBP10.5 Mln
Shoe Zone PLC said on Wednesday that it expects an adjusted pretax profit for fiscal 2022 to be at least 10.5 million pounds ($12.2 million), driven by a better-than-expected performance.
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Dalata Hotel Swung to 1H Pretax Profit as Revenue Rose 9% Above 2019 Levels
Dalata Hotel Group PLC said Wednesday that it swung to a pretax profit in the first half of 2022 as revenue rose 9% above levels seen in 2019, and that it is cautiously optimistic about its performance for the remainder of the year.
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Bank of Cyprus 1H Pretax Profit Jumped, Boosted by Interest-Rate Environment
Bank of Cyprus Holdings PLC on Wednesday reported a significant rise in pretax profit for the first half of 2022 on the back of an improving interest-rate environment and a strong performance in net fee and commission income.
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Polarean Imaging 1H Pretax Loss Widened on Greater Expenses, FX Losses
Polarean Imaging PLC said Wednesday that its first-half pretax loss widened despite a rise in revenue on higher operating expenses and foreign-exchange losses, and that it is approaching a potential commercial launch.
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System1 to Launch Strategic Review for Growth, Increasing Shareholder Value
System1 Group PLC said Wednesday that it has decided to undertake a review of its strategic options to expand the business and increase shareholder value.
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Fulham Shore Says Performance Resilient, in Line With Views Despite Challenges
Fulham Shore PLC said Wednesday that its performance to date was resilient and in line with management expectations despite the turmoil in the U.K. economy and recent train strikes.
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Cake Box Warns About Missing FY 2023 Market Views Due to Lower than Expected Franchise Sales
Cake Box Holdings PLC said Wednesday that it expects to miss market expectations for the fiscal year ending March 31, 2023, as a result of a worsened trading environment and lower-than-expected sales at the franchise level during July and August.
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Esken's Renewables Business on Track to Meet FY 2023 Views; Sees Small Ebitda Hit to Aviation
Esken Ltd. said Wednesday that its renewables business is on track to meet its earnings expectations for fiscal 2023, though it also expects a small Ebitda hit to its aviation business as its airport logistics partner ceases operations.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
08-31-22 0314ET
