FTSE 100 to Open Lower as Apple, Amazon Hit by Supply Chain Issues

The FTSE 100 is expected to open lower as U.S. stock futures fall after results from Amazon and Apple fell short of market forecasts and highlighted the impact of global supply chain issues. Spreadbetting firm IG sees the London index starting down 28 points. "Major U.S. indices had a record-breaking session on Thursday, but disappointment on Apple and Amazon results will likely weigh on the market sentiment before the weekly closing bell," Swissquote Bank analyst Ipek Ozkardeskaya says. "And there is little to improve the mood, as U.S. President Joe Biden is still struggling to pass his mega spending bill, the Covid Delta-plus cases are surging and the U.S. growth fell short of expectations in the latest read," she says. 


 
Companies News:

UK Retail Vacancy Rates Remained Flat on Quarter in 3Q

Retail vacancy rates in the U.K. remained at the same level in the third quarter of 2021 when compared with the previous quarter, and slightly higher than in the year-earlier period, the British Retail Consortium said.

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NatWest 3Q Pretax Profit More Than Tripled, Beating Market Views

NatWest Group PLC on Friday reported a more-than-tripled pretax profit for the third quarter, which came in ahead of market views, and said that its guidance for 2021 remains unchanged.

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Hilton Food Performs in Line With Expectations, Buys Fairfax Meadow Europe for GBP23.8 Mln

Hilton Food Group PLC said on Friday that it performed in line with expectations from July 19 to date, and that it has acquired Fairfax Meadow Europe Ltd. for 23.8 million pounds ($32.8 million) cash.

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Lamprell Raised $30.1 Mln via Discounted Share Placing

Lamprell PLC said Friday that it has raised $30.1 million via an oversubscribed discounted share placing.

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ConvaTec Group 3Q Revenue Rose at Slower Pace Than 2Q; Sees Further FY Growth

ConvaTec Group PLC said Friday that revenue grew at a slower pace in the third quarter when compared with the previous quarter, and said that it now expects organic revenue growth to be toward the upper end of its guidance.

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Harwood Capital Says It Is No Longer Considering Takeover for GYG

Harwood Capital LLP said Friday that it is no longer considering an offer for yacht-maintenance company GYG PLC and that talks between the two parties have now ended.

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Computacenter 3Q Slightly Beat Management Views; Backs 2021 Guidance

Computacenter PLC said Friday that its third quarter finished slightly above its expectations, and it backed its full-year guidance for record revenue, profits and earnings per share.

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com

(END) Dow Jones Newswires

10-29-21 0304ET