FTSE 100 Set to Edge Higher After Mixed Asia Trading

0741 GMT - The FTSE 100 looks set to open about 11 points higher at 7847, according to IG futures data, after mixed trading in Asia and a slightly lower close on Wall Street. Australian stocks fall, Japan's Nikkei 225 is broadly flat and markets in mainland China, Hong Kong and South Korea rise. The Dow closed Monday 0.1% lower. "In this morning's Asia session, the Reserve Bank of Australia raised its benchmark interest rate by another 25bps, perhaps hoping that the December surge in headline CPI from 7.3% to 8.4% was a one-off likely to be reversed quite quickly," CMC Markets analyst Michael Hewson writes. (philip.waller@wsj.com) 


 
Companies News:

React FY 2022 Earnings Rose Amid Organic Revenue Growth, LaddersFree Acquisition

React Group PLC said Tuesday that fiscal 2022 earnings rose as revenue benefited from organic growth and the acquisition of LaddersFree in May.

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BP Adds $28 Billion to Record Full-Year Profits of Oil Giants

LONDON--BP PLC became the latest oil giant to post record annual profit last year, joining peers on both sides of the Atlantic in capitalizing on soaring energy prices.

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Morgan Advanced Materials Sees 2022 Beating Market Views, Expects 2023 Profit Hit

Morgan Advanced Materials PLC said Tuesday that it expects its 2022 performance to slightly exceed market expectations, though it expects production inefficiencies to hit 2023 adjusted operating profit.

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Mattioli Woods 1H Pretax Profit Rose

Mattioli Woods PLC on Tuesday posted a rise in half-year pretax profit and said that outlook for fiscal 2023 remains in line with expectations.

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BP Adds Nearly $28 Billion to Record Full-Year Profits of Oil Giants -- WSJ

By Jenny Strasburg

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Ferrexpo Gets Ukrainian Court Order Freezing Subsidiary's Bank Accounts

Ferrexpo PLC said Tuesday that it has received a court order issued at the request of a prosecutor in Ukraine, to freeze the bank accounts of one of its subsidiaries based in the country, Ferrexpo Poltava Mining.

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Zinc Media Sees 2022 Revenue, Adjusted Earnings Ahead of Views After Strong 4Q Performance

Zinc Media Group PLC said Tuesday that revenue and adjusted earnings before interest, taxes, depreciation and amortization for 2022 are expected to be ahead of current market expectations after it booked a strong fourth-quarter performance boosted by its The Edge film content business.


Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

02-07-23 0300ET