FTSE 100 to Open Higher After UK Inflation Data

The FTSE 100 is expected to open higher as investors digest data that showed U.K. inflation accelerated in January to the highest rate in 30 years. Spreadbetting firm IG expects the London index to rise 15 points. Consumer prices rose 5.5% on year in January after a 5.4% rise in December, above the Bank of England's 2% target and the 5.4% rise expected by economists in a WSJ survey. The BOE could be "justified in raising interest rates more than once over the next few months to defend these soaring prices," Abrdn analysts say in a note. 


 
Companies News:

Indivior Swing to 4Q, Full-year Pretax Profit; Mulls Additional US Listing

Indivior PLC said Wednesday that it swung to a fourth-quarter pretax profit as revenue rose, and that it is considering an additional U.S. listing.

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Arbuthnot Banking Sees 2021 Pretax Profit in Line with Market Views

Arbuthnot Banking Group PLC said Wednesday that it expects to report 2021 pretax profit in line with market expectations after a good performance on the fourth quarter.

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Coca-Cola Europacific Partners 2021 Revenue, Pretax Profit Grew

Coca-Cola Europacific Partners PLC said Wednesday that revenue and pretax profit rose on year in 2021 amid strong performance in a challenging environment and the acquisition and integration of Coca-Cola Amatil.

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Ocean Outdoor 2021 Revenue Rose

Ocean Outdoor Ltd. said Wednesday that 2021 revenue rose, and that it expects 2022 revenue and adjusted Ebitda to be ahead of that reported in 2019.

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Kerry Group 2021 Pretax Profit, Revenue Rose

Kerry Group PLC said Wednesday that its 2021 pretax profit and revenue rose, and that it expects to achieve further growth in 2022.

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RA International Sees 2021 Revenue Decline Due to Coronavirus Restrictions

RA International Group PLC said Wednesday that it expects 2021 revenue to decline, citing the impact of the coronavirus pandemic on in its business.

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DP Eurasia Proposes Additional Takeover Protections for Minority Shareholders

DP Eurasia NV said Wednesday that the board has proposed additional takeover protections for minority shareholders after the U.K. Takeover Code and Dutch takeover rules ceased to apply to the company as a consequence of Brexit.

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Franchise Brands Buys Filta Group for GBP49.8 Mln in All-Share Deal

Franchise Brands PLC said Wednesday that it has agreed to buy Filta Group Holdings PLC in an all-share deal that values the U.K. commercial-kitchen-services provider at 49.8 million pounds ($67.4 million).

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Treatt Appoints Ryan Govender as CFO-Designate

Treatt PLC said Wednesday that it has appointed Ryan Govender as chief financial officer-designate to replace Richard Hope.


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

(END) Dow Jones Newswires

02-16-22 0302ET