London Stocks Edge Up in Early Trade, Led by Miners, Oil Stocks

0735 GMT - The FTSE 100 edges up 0.2% to 7136.24, led by gains for mining and oil stocks as the price of a barrel of Brent crude advances 1.5% to $71.26. Activity is otherwise muted as traders await the Jackson Hole symposium later for any hints from the Federal Reserve on plans to taper asset purchases. "The question is around how far [Fed Chairman Jerome] Powell and his FOMC colleagues might go to laying out the timing and size of tapering," says IG, adding that if Powell fails to provide details at his speech at 1400 GMT this would simply push the market's attention to September's Fed policy meeting. Miner Anglo American is the biggest gainer, up 1.7%, while oil giant BP rises 1.2%. Just Eat is the biggest faller, down 3.3%, while leisure, retail and financial stocks are mostly lower. (jessica.fleetham@wsj.com) 


 
Companies News:

Salt Lake Potash CEO Resigns, Advanced Talks Under Way with Replacement

Salt Lake Potash Ltd. said Friday that Chief Executive Officer Tony Swiericzuk has resigned, and that the board is in advanced discussions with a replacement CEO.

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Air Partner Sees Lower 1H Underlying Profit

Air Partner PLC said underlying pretax profit for the first half of fiscal 2022 is expected to be lower than in the prior year, but it is optimistic about prospects for its charter and safety-and-security divisions.

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Amigo Holdings 1Q Profit Rose Amid Pause in Lending

Amigo Holdings PLC said Friday that its fiscal first-quarter pretax profit significantly improved as a pause in lending helped make the business cash generative, and that uncertainty still remains over its ability to continue as a going concern.

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East Imperial Shares Rise After Signing New Supply Deals in New Zealand, Australia

Shares in East Imperial PLC rose Friday as the company signed new supply agreements in New Zealand and Australia.

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Starcom 1H Loss Narrowed

Starcom PLC said Friday that its loss for the first half of 2021 narrowed and that it believes its supply-chain services will become increasingly valuable amid continuing logistics constraints.

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Sportech CEO, CFO to Step Down

Sportech PLC said Friday that Chief Executive Officer Richard McGuire and Chief Financial Officer Tom Hearne will step down from their current roles next month, and that they will be replaced by two internal promotions.

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(END) Dow Jones Newswires

08-27-21 0354ET