FTSE 100 Poised to Fall After Downbeat Asia Trading
0737 GMT - The FTSE 100 looks set to open 35 points lower at 7866, according to IG futures data, after downbeat trading in Asia and a negative close on Wall Street Friday. Most major markets in Asia are in the red, though Japan's Nikkei 225 rises 0.7%. The Dow closed Friday 0.4% lower. "Today, we have a few data points out from the euro area, namely retail sales for December and Sentix investor confidence for February, and also December factory orders in Germany," Danske Bank analysts say in a note. (philip.waller@wsj.com)
Companies News:
Diageo Launches Tender Offer to Increase Stake in East African Breweries
Diageo PLC said Monday that it has launched a partial tender offer to increase its stake in East African Breweries PLC to up to 65% from the 50.03% currently owned through its subsidiary Diageo Kenya Ltd.
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Croda International Buys Solus Biotech for GBP232 Mln
Croda International PLC said Monday that it has agreed to buy Solus Biotech from Solus Advanced Materials Co. for around 232 million pounds ($279.7 million) to expand its Asian manufacturing capability.
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Bonhill Gets InvestmentNews Offer, Ends Sales Process; Sees 2022 Revenue Falling
Bonhill Group PLC said Monday that it has concluded a formal sales process and it has received an offer for InvestmentNews LLC, and it expects 2022 revenue to fall.
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88 Energy Raises A$17.5 Mln via Discounted Share Placing
88 Energy Ltd. said Monday that it has raised 17.5 million Australian Dollars (US$12.1 million) via an oversubscribed share placing and will use the money toward the planned Hickory-1 well at Project Phoenix, expansion opportunities and for working capital.
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Seeen to Report Narrowed 2022 Loss Despite Revenue Fall; Secures New Contract
Seeen PLC said Monday that it expects to report narrowed adjusted losses for 2022 despite a fall in revenue, and that it has secured a new contract expected to generate $1 million a year.
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Just Group Says Targets Remain Unchanged Under IFRS 17
Just Group PLC on Monday said that its growth targets, cashflows and dividend policy remain unchanged under the IFRS 17 accounting standards implemented on Jan. 1.
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3i Infrastructure to Raise Funds to Partly Repay Debt, for Investments
3i Infrastructure PLC said Monday that it is planning to raise funds via a share placing and will use part of the money to repay a debt facility and toward future investments.
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
02-06-23 0301ET
