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FTSE 100 to Open Higher; Jobs Data Reveals 4.7% Wage Growth

08/16/2022 | 03:05am EST

FTSE 100 Expected to Open Higher After Latest UK Employment Data

0642 GMT - The FTSE 100 is seen opening higher as investors assess the latest U.K. employment data. IG futures data show the London index rising 18 points. The U.K. unemployment rate was little changed at 3.8% in the three months to June while the number of people in employment increased 160,000 over the quarter and average earnings excluding bonuses rose 4.7%, according to the Office for National Statistics. "Overall, today's data has shown once again that the labour market is as tight as it can be but the important thing to note is the wage growth," AvaTrade analyst Naeem Aslam writes. The labor market has been described as extremely constrained recently with many available positions, he says. (renae.dyer@wsj.com)

 
Companies News: 

AstraZeneca's Lynparza Supplemental New Drug Application Granted Priority Review by FDA

AstraZeneca PLC said Tuesday that its supplemental new drug application, or sNDA, for its cancer treatment, Lynparza in combination with abiraterone, has been granted a priority review by the U.S. Food and Drug Administration.

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Abrdn Sells GBP225M Shareholding in HDFC Asset Management

abrdn PLC said Tuesday that it has sold 12.8 million shares in HDFC Asset Management Co. for 225 million pounds ($271.2 million), with the proceeds to be used for general corporate purposes.

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Sage Group to Buy Lockstep for Undisclosed Sum to Drive Growth

Sage Group PLC said Tuesday that it has agreed to buy cloud accounting technology provider Lockstep for an undisclosed amount to accelerate the growth strategy.

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Watches of Switzerland 1Q Revenue Rose Amid Luxury Demand; Backs FY 2023 Views

Watches of Switzerland Group PLC said Tuesday that its performance for the first quarter of fiscal 2023 was robust as demand for luxury products continues to increase, and reiterated its previous guidance.

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Ted Baker Agrees to $254.3 Mln Takeover by Reebok Owner Authentic Brands

Ted Baker PLC said Tuesday that it has agreed to a 211 million pound ($254.3 million) final cash offer from Juicy Couture, Reebok and David Beckham brand owner Authentic Brands Group LLC.


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

(END) Dow Jones Newswires

08-16-22 0304ET

Stocks mentioned in the article
ChangeLast1st jan.
ABRDN PLC -5.26% 194.4 Delayed Quote.-14.82%
ASTRAZENECA PLC 0.96% 11166 Delayed Quote.27.45%
FTSE 100 0.81% 7573.05 Delayed Quote.1.73%
HDFC ASSET MANAGEMENT COMPANY LIMITED 0.62% 2187.1 Delayed Quote.-11.14%
SAGE GROUP PLC 1.35% 796.6 Delayed Quote.-7.81%
WATCHES OF SWITZERLAND GROUP PLC 3.06% 1026 Delayed Quote.-29.89%
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