FTSE 100 Tipped to Fall After Mixed Asia Trading

The FTSE 100 is expected to open nine points lower at 7,339, according to CMC Markets, after mixed trading in Asia. Stocks in mainland China are lower, while Hong Kong's Hang Seng is flat and Japan's Nikkei gains 0.6%. "Asia markets have started the week rather mixed, despite the latest Chinese retail sales numbers for October improving from 4.4% in September to 4.9%," CMC analyst Michael Hewson says. "As a result of a fairly subdued Asia session, European markets look set to open in a similarly lackluster fashion and slightly lower from Friday's close," he says. 


 
Companies News:

World's Second-Largest Producing Zircon Miner Lists in London

PYX Resources Ltd., an Indonesia-focused mineral-sands miner, listed in London on Monday.

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IMI to Buy Adaptas Solutions

IMI PLC said Monday that it is proposing to acquire Adaptas Solutions Pty. Ltd. for an enterprise value of $271 million.

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Cineworld Revenue Continues to Recover Toward Pre-Pandemic Levels

Cineworld Group PLC said Monday that its revenue continued to recover in the four months ended Oct. 31, with demand in some markets rising above pre-pandemic levels.

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M.J. Gleeson Sees FY 2022 Earnings In Line With Market Views

M.J. Gleeson PLC said Monday that its business is performing well despite supply-chain issues and the board expects to deliver full-year results in line with market views.

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S4 Capital Acquires Italian Marketing Agency Miyagi

S4 Capital PLC said Monday that Italian marketing agency Miyagi is merging with the company's subsidiary Media.Monks.

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S4 Capital CFO Peter Rademaker to Step Down

S4 Capital PLC said Monday that Chief Financial Officer Peter Rademaker is stepping down on Jan. 3, and will be replaced by Mary Basterfield.

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Urban Logistics REIT to Raise GBP200 Mln Toward Acquisitions

Urban Logistics REIT PLC said Monday that it plans to raise 200 million pounds ($268.2 million) via a share placing, offer for subscription and intermediaries offer and will use the money toward acquisitions.

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Sberbank to Sell Shareholding in MF Technologies for Around $176 Mln

Sberbank Rossia said late Friday that it has signed legally binding documents to sell 36% of its stake in MF Technologies to Gazprombank. 


 
Market Talk:

Rio Tinto, Anglo American Unlikely to be Set Back by Carbon Goals

Rio Tinto and Anglo American's carbon-abatement targets, for Scope 1 and 2 emissions, are ambitious compared with those of their peers, but shouldn't materially affect their fiscal strength over the next few years, Fitch Ratings says. That is in part because of existing "substantial financial flexibility and very conservative debt levels," it says. Furthermore, Fitch Ratings expects those companies' decarbonization initiatives to strengthen their businesses over the long run, as improvements safeguard their operations against possible regulatory changes, such as the global rollout of carbon-pricing schemes.

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

(END) Dow Jones Newswires

11-15-21 0258ET