FTSE 100 Set to Edge Higher After Upbeat Asia Trading
0641 GMT - The FTSE 100 Index is expected to open about eight points higher at 7314, according to IG futures data, after mostly upbeat trading in China and a higher close on Wall Street. Markets in Australia, mainland China, Hong Kong and South Korea gain, though Japan's Nikkei drops 0.2%. The Dow closed Monday 0.3% ahead, though the tech-heavy Nasdaq fell 0.4%. Brent crude increases 1.8% to $101.95 a barrel following reports that Russian gas giant Gazprom would cut supplies to Europe through the Nord Stream 1 pipeline. The company reportedly claimed that it was due to carry out further maintenance work following a complete shutdown earlier this month, though there was speculation about potential Russian government political interference linked to the Ukraine conflict. (philip.waller@wsj.com)
Companies News:
Shell USA, Shell Midstream Partners to Merge in $1.96B Deal
Shell USA Inc. and Shell Midstream Partners L.P. have agreed to merge.
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Rolls-Royce Holdings Names Tufan Erginbilgic as Next CEO
Rolls-Royce Holdings PLC said Tuesday that it has appointed Tufan Erginbilgic as its new chief executive officer from Jan. 1, 2023, replacing Warren East who said in February that he would be stepping down.
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Compass Group Raises FY 2022 Growth View on Recovery, Acceleration
Compass Group PLC said Tuesday that it was raising its fiscal 2022 organic revenue growth guidance due to the significant acceleration in growth and continuing recovery of its base business.
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Wickes Group 1H Sales Rose; Sees Outlook in Some Markets Softening
Wickes Group PLC said Tuesday that it has had strong sales in the first half, but has seen some softening in its DIY and do-it-for-me, or DIFM, markets in recent weeks.
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Anglo American's Kumba Reports Lower 1H Ebitda as Iron-Ore Production, Prices Fell
Kumba Iron Ore Ltd. on Tuesday reported lower Ebitda for the first half of the year, as its iron-ore production and realized prices declined.
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Unilever Raises 2022 Sales Guidance on Robust Pricing Despite Volume Drop
Unilever PLC said Tuesday that it expects underlying sales growth for the full year to exceed previous guidance, driven by higher prices, although volumes are forecast to be under pressure.
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Games Workshop FY 2022 Pretax Profit, Revenue Rose; Confident for Future
Games Workshop Group PLC said Tuesday that its fiscal 2022 pretax profit and revenue both rose, and it was confident for the future.
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easyJet 3Q Headline Pretax Loss Narrowed; 4Q Capacity Cut to Meet Airport Caps
easyJet PLC said Tuesday that headline pretax loss narrowed as revenue increased for the third quarter of fiscal 2022, and that it has taken action to remove capacity in the fourth quarter due to airport-imposed caps.
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Reach 1H Pretax Profit Rose as Adjusted Items Fell on Year
Reach PLC said Tuesday that pretax profit for its first half rose, reflecting an on-year reduction in adjusted items.
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Brighton Pier Group Reports Pandemic Recovery Sales Boom for FY 2022
Brighton Pier Group PLC said Tuesday that sales for fiscal 2022 nearly tripled, helped by a pandemic-recovery boom in demand for entertainment and government initiatives to support the hospitality industry.
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Drax 1H Profits Rose as Power Generation Business Performed Strongly
Drax Group PLC on Tuesday reported higher profits for the first half of 2022, reflecting a strong performance from its power generation plants.
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Mitie Group 1Q Revenue Rose on New Contract Wins, Acquisitions
Mitie Group PLC said Tuesday that first-quarter revenue rose thanks to new contract wins and acquisitions.
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Shoe Zone Reports Stronger-Than-Expected Summer Performance
Shoe Zone PLC said Tuesday that its performance has been stronger than expected since June 29.
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OnTheMarket Reports Positive Start to FY 2023, With Good Market Fundamentals
OnTheMarket PLC said Tuesday that it has made a positive start to fiscal 2023, with performance in line with its expectations.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
07-26-22 0301ET
