FTSE 100 Seen Opening Lower as Political Tensions Rise
0644 GMT - The FTSE 100 is seen opening lower as political tensions rise after China's ambassador in Paris questioned the sovereignty of former Soviet republics. IG futures data show London's top-tier stocks index opening down 16 points. "The week starts with escalating political tensions after the Chinese ambassador in France, Lu Shaye, said that ex-Soviet states, like Estonia, Latvia, and Lithuania, don't have sovereign status as independent nations," Swissquote Bank analyst Ipek Ozkardeskaya writes. "Not helping: the U.S. asked South Korea to prevent Samsung and SK Hynix not to fill any market gap in China if Beijing bans Micron chips." (renae.dyer@wsj.com)
COMPANIES NEWS:
Checkit FY 2023 Pretax Loss Widened on Higher Costs; To Meet FY 2024 Market Views
Checkit PLC said Monday that its pretax loss widened for fiscal 2023 after booking higher costs, and that the board expected to meet market expectations for fiscal 2024.
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Medica Group Agrees to GBP269 Mln Takeover by IK Investment Partners
Medica Group PLC said Monday that it has agreed to a 269 million-pound ($334.6 million) takeover by IK Investment Partners.
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CentralNic 1Q Revenue Grew; Sees Performance at Least in Line With Market Views
CentralNic Group PLC said Monday that revenue rose 24% in the first quarter of 2023, and that it sees its performance to continue at least in line with market expectations.
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Mind Gym Sees FY 2023 Revenue Rise, Pretax Profit in Line
Mind Gym PLC on Monday said it expects to report a 12% revenue growth for fiscal 2023 driven by good momentum in the second half of the year and that it remains confident in the group's prospects.
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Lok 'n Store 1H Profit Fell; Revenue Rose
Lok 'n Store Group PLC said Monday that revenue for the first half of fiscal 2023 rose but pretax profit fell, as the previous period benefited from the sale of four stores.
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Brighton Pier 18-Month Pretax Profit Benefited from Pent-up Demand; Reduces Debt
Brighton Pier Group PLC said Monday that pretax profit for the 18 months ending Dec. 25 benefited from a pent-up consumer demand and government support programs, while it managed to repay nearly half of its debt following the easing of pandemic restrictions.
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Gulf Marine Services 2022 Pretax Profit Fell on Higher Costs; Backs Guidance
Gulf Marine Services PLC said Monday that 2022 pretax profit fell after booking higher costs and backed its guidance for 2023.
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Kaspi.kz 1Q Revenue Rose as Performance Across Platforms Improved
Kaspi.kz JSC said Monday that first-quarter revenue soared on the back of improved performance across all its platforms.
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Frenkel Topping Group 2022 Pretax Profit Fell On Higher Costs
By Elena Vardon
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React Group Sees 1H Higher Revenue, Profit on Sales Growth
React Group PLC on Monday said it expects to report higher revenue and gross profit for the first half of fiscal 2023 driven by good sales growth in its three divisions from positive contract win momentum over the period.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
04-24-23 0303ET
