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FTSE 100 Seen Tumbling as Inflation Fears Grow

10/01/2021 | 01:08am EST

FTSE 100 Seen Falling Sharply Lower Amid Inflation Fears

0644 GMT - The FTSE 100 is seen opening sharply lower on the first day of the final quarter following declines in U.S. and Asian stocks amid fears about persistent high inflation. Spreadbetting firm IG expects London's blue-chip index to drop 97 points at the start of trading. "High inflation is about to become a worse headache than the pandemic itself, as at least for the pandemic, central banks had tools to use," Swissquote Bank analyst Ipek Ozkardeskaya says. Rising inflation fears will keep central banks' hands tied given they are faced with a slower economic recovery, she says. That means investors will be closely following eurozone inflation data at 0900 GMT and the Federal Reserve's preferred measure of inflation at 1230 GMT. (renae.dyer@wsj.com)

Companies News: 

ADM Energy Flags Going-Concern Doubt; Reports Widened 1H Pretax Loss

ADM Energy PLC reported Thursday a widened first-half pretax loss and said a short-term funding requirement has cast some doubt on its ability to continue as a going concern.


Darktrace Shareholders to Sell $225 Mln in Shares

Jefferies International Ltd. said Thursday that four shareholders intend to sell around $225 million worth of shares in Darktrace PLC through a secondary placing to institutional investors.


Jubilant FoodWorks to Purchase GBP23.7 Mln in DP Eurasia Shares

Jubilant FoodWorks Ltd.'s Netherlands subsidiary said Thursday it intends to purchase 23.7 million pounds ($31.8 million) of shares in DP Eurasia NV, bringing its control up to 49.99% of the company's issued share capital.


MC Mining FY 2021 Post-Tax Loss Narrows, Revenue Rose

MC Mining Ltd. said Thursday that its post-tax loss narrowed for fiscal 2021 on higher revenue.


Capita Agrees to GBP62 Mln Sale of Secure Solutions and Services Business

Capita PLC said on Friday that it has agreed to sell its Secure Solutions and Services business to NEC Software Solutions UK Ltd. for a consideration expected to be 62 million pounds ($83.5 million) on a cash-free, debt-free basis.


Wetherspoon Losses Widened in FY 2021 as Pubs Were Closed Under Covid-19 Restrictions

J.D. Wetherspoon PLC on Friday reported a widened loss for the fiscal year, as its pubs were hurt by coronavirus-related restrictions.


Fletcher King Swung to FY 2021 Pretax Loss; Won't Declare Dividend

Fletcher King PLC said on Friday that it swung to a pretax loss for fiscal 2021 as revenue decreased, and that the board isn't declaring a dividend for the year.


Gulf Marine Services Says Performance Remains in Line With Views

Gulf Marine Services PLC said Friday that its performance remains in line with expectations, with revenue, earnings and margins growing in the first half.


Greencore Sees FY 2021 Revenue of Around GBP1.32 Bln

Greencore Group PLC said Friday that it expects revenue for the year ended Sept. 24 to be around 1.32 billion pounds ($1.78 billion), and that it was encouraged by the progress seen in the final quarter of fiscal 2021.


AO World 1H 2022 Revenue Up 5% Despite Driver Shortages, Supply Chain Issues

AO World PLC said Friday that growth in the first half of the year has been hurt by a shortage of delivery drivers and continuing supply-chain disruptions but revenue was still up by 5% against strong comparatives during coronavirus-related lockdowns.


Anglo African Agriculture Says Some Comarco Shareholders Reject Acquisition

Anglo African Agriculture PLC said Friday that certain shareholders of Comarco have decided not to proceed with the reverse takeover process between the two companies.


Euromoney Expects FY 2021 Adjusted Pretax Profit Significantly Ahead of Views

Euromoney Institutional Investor PLC said Friday that it expects adjusted pretax profit for fiscal 2021 to be significantly ahead of analysts' expectations before the impact of the IAS 38 accounting practice.

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

10-01-21 0308ET

Stocks mentioned in the article
ChangeLast1st jan.
AO WORLD PLC 0.46% 99.1 Delayed Quote.-76.41%
CAPITA PLC 0.02% 47.21 Delayed Quote.20.38%
DARKTRACE PLC -4.48% 409.8 Delayed Quote.0.00%
DP EURASIA N.V. -0.56% 88 Delayed Quote.96.67%
FTSE 100 -0.04% 7337.05 Delayed Quote.13.61%
GREENCORE GROUP PLC 1.06% 134.1 Delayed Quote.13.91%
SWISSQUOTE GROUP HOLDING LTD -0.54% 183.6 Delayed Quote.114.90%
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