FTSE 100 Seen Opening Lower After Sell-Off in US, Asia
0730 GMT - The FTSE 100 is seen opening lower following losses on Wall Street and Asia overnight. IG futures data show the London index of blue chip stocks opening 25 points lower after closing down 9 points on Wednesday. Less aggressive support for the Republicans in the U.S. mid-term elections and looming uncertainty are major factors that weighed on investor sentiment on Wednesday with U.S. stocks falling sharply, Swissquote Bank analyst Ipek Ozkardeskaya says in a note. "The selloff was also fueled by the shaking crypto markets, and perhaps some investors taking risk off the table before the U.S. inflation data, due today," she says. The inflation data will be released at 1330 GMT. (renae.dyer@wsj.com)
Companies News:
Auto Trader 1H Pretax Profit Fell Slightly After Costs Increase
Auto Trader Group PLC said Thursday that pretax profit for the first half of fiscal 2023 fell slightly after booking an increase in operating costs following the acquisition of Autorama.
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Haleon Upgrades 2022 Views After 3Q Revenue Rose on Pricing, Volumes
Haleon PLC said Thursday that organic revenue for the third quarter rose, driven by increased pricing and higher volumes.
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Endeavour Mining 3Q Net Profit Fell on Lower Gold Prices; Backs 2022 Views
Endeavour Mining PLC said Thursday that third-quarter net profit fell largely due to lower gold prices and slightly lower production, but that it is on track to meet the top end of 2022 production views.
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Centrica Sees Full-Year Earnings at Top End; To Launch Buyback
Centrica PLC said Thursday that it now expects full-year adjusted earnings per share toward the top end of analyst expectations after booking continued strong operational performance since its interim results and that it will launch a buyback.
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AstraZeneca Lifts 2022 Guidance After Swing to 3Q Profit, Higher Sales
AstraZeneca PLC on Thursday lifted its guidance for the full year after reporting a swing to net profit and higher sales for the third quarter of the year, which both beat consensus expectations.
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ConvaTec 10-Month Revenue Rose on Sales Growth; Raises Organic Growth Guidance
ConvaTec Group PLC said Thursday that revenue for the 10 months to the end of October rose as it booked sales growth and that it is raising its 2022 guidance for organic growth.
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3i Group 1H Operating Profit Fell; Sees Difficult 2023 Macroeconomic Environment
3i Group PLC said Thursday that its operating profit for the first half of fiscal 2023 fell, and that it anticipates that macroeconomic conditions next year to be difficult.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
11-10-22 0259ET
