FTSE 100 to Open Lower After Thursday Rally
0746 GMT - The FTSE 100 is expected to open lower after reaching a 20-month high on Thursday, lifted by a rally in mining shares as commodity prices rose. Spreadbetting firm IG expects the London index open down 11 points after closing up 44 points on Thursday. Economic data on Friday include the U.S. Job Openings and Labor Turnover Survey for September and University of Michigan's consumer confidence data for November, both due at 1500 GMT. The market expects job openings to fall but it "wouldn't be a surprise to see a move in the other direction, higher given the lackluster employment reports during that month," CMC Markets analyst Michael Hewson says. U.S. consumer confidence is expected to improve slightly, he says. (renae.dyer@wsj.com)
Companies News:
Land Securities Sells London Property for GBP196.5 Mln
Land Securities Group PLC said on Friday that it has agreed on the sale of a property in London to Blackstone European Property Income Fund for 196.5 million pounds ($262.7 million).
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TheWorks.co.uk Says Strong 1H Offset Extra Logistics Costs, Backs FY Guidance
TheWorks.co.uk PLC said on Friday that its performance for the first half of fiscal 2022 has been stronger than expected, although it was affected by shortages of ocean freight and U.K. haulage capacity.
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Roquefort Investments PLC Update on Acquisition of Lyramid Limited
TIDMROQ
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Wood Group Cuts 2021 Guidance, Launches Review of Built-Environment Business
John Wood Group PLC on Friday cut 2021 financial guidance and said it has started a strategic review of its built-environment business.
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AstraZeneca Swung to 3Q Loss Despite Higher Revenue; Continues to Lose Money From Covid-19 Vaccine
AstraZeneca PLC on Friday posted a net loss for the third quarter despite a jump in revenue, and said it continued to lose money from the development of its coronavirus vaccine.
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Redrow Sees FY 2022 Performance Close to Pre-Pandemic Levels
Redrow PLC said on Friday that it expects to deliver a performance for fiscal 2022 close to pre-pandemic levels as it benefited from a strong housing market.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
11-12-21 0310ET
