FTSE 100 Set to Open Broadly Flat After Mixed Asia Data
The FTSE 100 is expected to open two points higher at 7127, according to CMC Markets, after mixed economic data in Asia and a positive close on Wall Street. Most Asia markets are in positive territory, with Hong Kong's Hang Seng more than 1% higher, while the Dow ended Monday 0.4% ahead. "After a similarly positive start Monday, Asia markets picked up where they left off, with the latest China trade numbers for June showing a slowdown in imports, though exports unexpectedly rose from levels in May," CMC's Michael Hewson says. "Against this backdrop, markets in Europe look set to open broadly unchanged," he says.
EMIS Group Sees 1H Trading Ahead of Its Expectations
EMIS Group PLC said Tuesday that trading in the first half was slightly ahead of management expectations, with both revenue and adjusted operating profit rising year-on-year and compared to 2019.
City of London Investment Expects Higher FY 2021 Overheads; Funds Under Management Rise
City of London Investment Group PLC said Tuesday that it expects overheads for fiscal 2021 to be higher than in the previous financial year, and that funds under management at June 30 were $11.4 billion, compared with $5.5 billion for the same point a year ago.
Hotel Chocolat Sees FY 2021 Adjusted Pretax Profit Ahead of Previous Views
Hotel Chocolat Group PLC said Tuesday that trading has continued to be strong, with sales for the 10 weeks ended June 27 up 34%, and that it expects to report a higher adjusted pretax profit than previously thought.
UK Regulator Invites Comments on National Grid's Acquisition of PPL WPD
The U.K. Competition and Markets Authority said Tuesday that it is inviting comments on National Grid PLC's completed acquisition of PPL WPD Investments Ltd. from PPL Corp. as it considers whether the deal might hurt competition in the U.K.
British Land Sees Improvement as Lockdown Eased; Collects Most of June Rent
British Land Co. said Tuesday that it has seen a notable improvement in activity and performance since lockdown restrictions were eased, and it has collected 85% of its June rent.
Smiths News Sees FY 2021 Adjusted Ebitda Ahead of Market Views
Smiths News PLC said Tuesday that it has experienced a strong performance over the 43 weeks ended June 26, and now expects to report fiscal 2021 adjusted Ebitda ahead of market expectations.
Howden Joinery 1H Revenue Rose Ahead of Views
Howden Joinery Group PLC said Tuesday that revenue for the first half was ahead of its expectations.
Kier Group Sees FY 2021 Results Moderately Ahead of Expectations
Kier Group PLC said Tuesday that it expects results for fiscal 2021 to be moderately ahead of management's expectations, thanks to resilient trading and a number of cost-saving initiatives.
Gamma Communications Sees 2021 Results at Upper Half of Consensus
Gamma Communications PLC said Tuesday that it expects results for 2021 to be in the upper half of consensus estimates after a first-half performance that was broadly in line with expectations.
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