FTSE to Fall as Traders Digest Jobs Data, Await US Inflation Data

FTSE 100 Seen Falling as Traders Digest UK Jobs Data, Await US Inflation Data

The FTSE 100 is expected to open lower as investors weigh U.K. labor market data and await U.S. inflation figures later Tuesday that are expected to show price pressures mounted in March. Spreadbetting firm IG expects the London index of blue-chip stocks to start the session down 45 points. The U.K. unemployment rate fell to 3.8% in the three months to February from 3.9% in the previous three-month period, according to the Office for National Statistics. U.S. inflation data will be released at 1230 GMT. "The consumer prices in the U.S. are expected to print an advance to the eye-watering level of 8.5% in March, from 7.9% printed a month earlier," Swissquote Bank analyst Ipek Ozkardeskaya says.

 
Companies News: 

Deliveroo 1Q Orders, Gross Transaction Value Rose

Deliveroo PLC said Tuesday that growth in orders and gross transaction value accelerated in the first quarter of 2022, and backed its full-year guidance.

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Pennon Sees FY 2022 Performance in Line With Expectations

Pennon Group PLC said Tuesday that its performance for the year ended March 31 was in line with management expectations despite a challenging macro-economic environment.

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Hornby Says Sales Are Being Hurt by Supply Issues But Expects FY 2022 Profit

Hornby PLC said Tuesday that although it expects to report a profit for fiscal 2022 the availability of electronic components and lead times have hurt its ability to increase sales further in the fiscal year.

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Moneysupermarket.com 1Q Revenue Rose Despite Drop in Home-Services Unit

Moneysupermarket.com Group PLC said Tuesday that first-quarter revenue rose 8%, with growth in its money and travel segments offsetting a fall in its home-services unit due to energy-market disruption.

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Electrocomponents 4Q Comparable Revenue Grew 23%; Backs FY 2022 Guidance

Electrocomponents PLC said Tuesday that like-for-like revenue for fiscal 2022 grew 23% over the fourth quarter, and backed its full-year guidance.

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Liontrust FY 2022 Assets Under Management Rose; FY 2023 Sales Strong

Liontrust Asset Management PLC said Tuesday that assets under management and advice increased in fiscal 2022 and said that it has delivered positive sales at the start of fiscal 2023.

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PageGroup Saw Strong 1Q Growth, Begins Search for CEO Successor

PageGroup PLC said Tuesday that gross profit in the first quarter of 2022 significantly grew on year and that it expects full-year operating profit to beat market forecasts, and that the search for a successor to Chief Executive Steve Ingham has begun.

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M Winkworth 2021 Pretax Profit Doubled on Rental Performance, High Sales

M Winkworth PLC said Tuesday that its 2021 pretax profit more-than doubled on a good performance in rentals and with sales income exceeding its records.

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Gresham House Says 1Q Fundraising Was Strong

Gresham House PLC said Tuesday that positive fundraising momentum has continued into the first quarter of the year, with the pipeline for the remainder of the year remaining strong.

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Vast Resources Raises GBP420,000 to Equip Baita Plai Mine in Romania

Vast Resources PLC said Tuesday that it has raised 420,000 pounds ($547,176) via share issue to existing shareholders to purchase equipment for its Baita Plai polymetallic mine in Romania.

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at [e-mail]

(END) Dow Jones Newswires

04-12-22 0307ET