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London Shares to Fall Despite Upbeat Asia Trading

07/12/2021 | 01:10am EDT

FTSE 100 Tipped to Fall Despite Upbeat Asia Trading

The FTSE 100 is expected to open 25 points lower at 7096, according to CMC Markets, despite upbeat trading in Asia. Stocks in mainland China are up 2% and markets elsewhere in the region are all in positive territory. "After the losses of last week, markets in Asia have started the week in a much more positive fashion, helped by the Friday recovery in European and U.S. markets, but as ever the mood still remains cautious," CMC's Michael Hewson says.

 
Companies News: 

Admiral Group Forecasts 1H Profit Ahead of Expectations, Raises Dividend

Admiral Group PLC said Monday that it anticipates its first-half pretax profit to be higher than it previously expected and proposed an increased interim dividend.

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Ecotricity Group Proposes GBP56.6 Mln Takeover for Good Energy

Ecotricity Group Ltd. said Monday that it has submitted three offer proposals to the board of Good Energy Group PLC which have been rejected, with the latest one valuing the renewable energy company at 56.6 million pounds ($78.7 million).

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Trustpilot Sees 1H Revenue Rising, Reiterates Guidance

Trustpilot AS said Monday that it expects to report a rise in first-half revenue together with annual recurring revenue and bookings, and reiterated its full-year guidance.

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Photo-Me International Swings to 1H Pretax Profit; Raises Guidance

Photo-Me International PLC said on Monday that it swung to a pretax profit for the first half of fiscal 2021 after booking lower costs, and raised its guidance for the year.

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Tate & Lyle to Sell Controlling Stake in Americas Primary Products Business to KPS Capital Partners

Tate & Lyle PLC said Monday that it has entered into an agreement with KPS Capital Partners L.P. to sell a controlling stake in its primary products business in North America and Latin America for around $1.3 billion.

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Rothermere Considers Taking Daily Mail & General Trust Private

Daily Mail & General Trust PLC said Monday that its controlling shareholder, Rothermere Continuation Ltd., is considering a bid for the remaining assets of the group after a possible sale of its insurance-risk division

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Quiz's 1Q Sales Rose Significantly, in Line with Views

Quiz PLC said Monday that sales for the first quarter of fiscal 2022 were in line with management expectations, representing a significant improvement when compared with the same period in 2020, amid the first Covid-19 lockdown.

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Charles Stanley Says Funds Under Management, Administration Rose in 1Q

Charles Stanley Group PLC said Monday that total funds under management and administration and revenue rose during the first quarter of fiscal 2022.

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LXI REIT Collects All of 3Q Rent; Reaffirms Dividend Target

LXI REIT PLC said Monday that it has collected all of the rent due for the third quarter of 2021 and reaffirmed its intention to pay a quarterly dividend of 1.5 pence (2 cents) a share.

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Plus500's 1H Revenue, Customer Income Fell, But Sees Medium-Long Term Growth

Plus500 Ltd. said Monday that revenue and customer income declined in the first half of the year, but added that it has secured several opportunities that will enable the company to achieve further growth through organic investment and targeted acquisitions.

Contact: London NewsPlus, Dow Jones Newswires; +44-20-7842-931

(END) Dow Jones Newswires

07-12-21 0310ET

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