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Late U.S. Rebound to Lift London Stocks

04/08/2022 | 03:10am EDT

London Stocks Seen Opening Higher

0648 GMT - The FTSE 100 is expected to open around 71.7 points higher, according to IG, having closed Thursday at 7551.81, reversing some of the previous day's falls and catching up with late gains in U.S. stocks. "Asian markets are mostly higher this morning with China underperforming as Covid and weak macro data are pressuring relative performance," analysts at Danske Bank say in a note. Markets remain concerned about events in Ukraine and the prospect of U.S. interest-rate rises. Defensive stocks have outperformed recently as investors are unwilling to buy bonds but are too concerned about the economic outlook to buy cyclical stocks, Danske says. Individual stocks in focus include sustainable-technologies company Johnson Matthey after it said it expects the full year to be in line with market views but sees disruption in 2023. (jessica.fleetham@wsj.com)

 
Companies News: 

Hollywood Bowl to Resume Dividend as FY 2022 Performance Ahead of Views

Hollywood Bowl Group PLC said Friday that its full-year performance will be ahead of expectations and that it intends to reinstate the dividend after a strong first half.

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Ferrexpo 1Q Production Fell 11% as Russia-Ukraine War Hit Operations

Ferrexpo PLC on Friday reported that its iron-ore pellet production fell 11% on quarter in the first quarter as a result of Russia's invasion of Ukraine.

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Johnson Matthey Expects FY 2022 in Line With Market Views; Sees Disruption in FY 2023

Johnson Matthey PLC said Friday that it expects its underlying performance for fiscal 2022 to meet market expectations, and that it foresees further disruption in fiscal 2023.

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Jet2 Sees FY 2022 Adjusted Pretax Loss of Up to GBP383 Mln

Jet2 PLC said Friday that it expects to report an adjusted pretax loss for fiscal 2022 of between 378 million and 383 million pounds ($494.2 million-$500.7 million) after a year marked by travel restrictions linked to Covid-19 and new variants of the disease.

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Premier Miton 2Q Assets Under Management Declined Amid Geopolitical Uncertainty

Premier Miton Group PLC on Friday reported a decline in assets under management in the second quarter of fiscal 2022 as a result of geopolitical uncertainty.

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Ramsdens Holdings Expects Swing to 1H Pretax Profit

Ramsdens Holdings PLC said Friday that its performance for the first half of fiscal 2022 was strong across each of its divisions and it expects to swing to a pretax profit for the period.

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Unite Group says 1Q Portfolio Value Rose, Advance Sales Strong

Unite Group PLC said Friday that the like-for-like valuation of its property portfolio inched up in the first quarter, and it has recorded strong advance sales for the upcoming academic year.

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Sound Energy No Longer Plans Merger With Angus Energy

Sound Energy PLC said Friday that it no longer plans to make an offer for Angus Energy PLC following a due diligence review, and after careful consideration.

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Marwyn Acquisition Says it is Assessing Platform Acquisition Opportunities

Marwyn Acquisition Company PLC said Friday that it continues to evaluate potential platform acquisition opportunities.

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VP PLC Sees FY 2022 Results Ahead of Expectations on Increased Demand

VP PLC said Friday that it expects to report full-year results ahead of expectations as performance since the publication of its interim report has been driven by increased demand.

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Zephyr Energy Says 1Q Williston Basin Production Beat Expectations -- Energy Comment

Zephyr Energy PLC said Friday that first-quarter hydrocarbon production from its new Williston-Basin assets in North Dakota was ahead of expectations. Here's what the Rocky Mountain-focused oil-and-gas company had to say:

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CMC Markets Expects FY 2022 Net Operating Income at Top End of Guidance

CMC Markets PLC said Friday that it expects to report net operating income for fiscal 2022 at the top end of its guidance.


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

(END) Dow Jones Newswires

04-08-22 0309ET

Stocks mentioned in the article
ChangeLast1st jan.
ANGUS ENERGY PLC 6.25% 2.21 Delayed Quote.220.00%
BE GROUP AB (PUBL) 3.96% 84 Delayed Quote.-39.02%
CMC MARKETS PLC 1.81% 224.5 Delayed Quote.-16.32%
DANSKE BANK A/S -1.29% 93.62 Delayed Quote.-16.03%
FERREXPO PLC 0.82% 122.6 Delayed Quote.-59.39%
FTSE 100 0.22% 6908.76 Delayed Quote.-6.65%
HOLLYWOOD BOWL GROUP PLC 2.99% 193 Delayed Quote.-21.59%
JOHNSON MATTHEY PLC 2.18% 1872.5 Delayed Quote.-10.44%
LONDON BRENT OIL 1.05% 88.74 Delayed Quote.9.50%
PREMIER MITON GROUP PLC 1.00% 107.0597 Delayed Quote.-45.64%
RAMSDENS HOLDINGS PLC -1.87% 184 Delayed Quote.12.95%
SOUND ENERGY PLC 0.00% 1.25 Delayed Quote.-41.86%
UNITE GROUP PLC 1.57% 872 Delayed Quote.-22.69%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -1.62% 59.25 Delayed Quote.-21.17%
VP PLC 0.80% 760 Delayed Quote.-18.57%
WTI 1.55% 83.323 Delayed Quote.8.90%
ZEPHYR ENERGY PLC 5.61% 5.65 Delayed Quote.-23.22%
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