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London Shares to Rise After Upbeat Asia Trading

12/13/2021 | 03:05am EDT

FTSE 100 Tipped to Rise After Upbeat Asia Trading

The FTSE 100 Index is expected to open 20 points higher at 7311, according to CMC Markets, after upbeat trading in Asia and ahead of a week of central-bank announcements. Stocks in China, Hong Kong and Japan are all higher. "With the likes of the Federal Reserve, Bank of Japan, European Central Bank and Bank of England all due to deliberate on policy, European equity markets look set to start the week on the front foot," CMC analyst Michael Hewson says.

 
Companies News: 

Dunelm Group CFO Laura Carr to Step Down

Dunelm Group PLC said Monday that Chief Financial Officer Laura Carr has informed the board that she will be leaving her role.

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Anemoi International to Buy ID4 AG in Reverse Takeover; Raise GBP2.2 Mln

Anemoi International Ltd. said Monday that it has now agreed to buy id4 AG for 5.3 million pounds ($7 million) in shares.

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K3 Capital Sees 1H Results In Line With Expectations

K3 Capital Group PLC said Monday that it expects to report earnings in line with expectations for the first half ended Nov. 30.

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Costain Group Reiterates 2021 Adjusted Operating Profit Guidance

Costain Group PLC on Monday reiterated that full-year adjusted operating profit is expected to be in line with market expectations and said that year-end net cash will now be ahead of market views at around 100 million pounds ($132.7 million).

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Aferian Sees FY 2021 in Line With Views; Appoints New Chairman

Aferian PLC said Monday that its fiscal 2021 performance was in line with internal expectations, and that it has appointed Mark Wells as nonexecutive chairman.

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Amigo Holdings Proposes New Scheme of Arrangement With Better Terms

Amigo Holdings PLC said Monday that it has proposed a new scheme of arrangement with better terms, which its independent customers' committee has agreed to.

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Eve Sleep on Track for 2021 Revenue Growth

Eve Sleep PLC said Monday that it remains on course to deliver revenue growth for a second consecutive year in 2021, in-line with market expectations.

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SThree Sees FY 2021 Pretax Profit In Line With Expectations; CEO Steps Down

SThree PLC said on Monday that it expects to deliver a profit for 2021 in line with expectations driven by a increased demand and that Chief Executive Officer Mark Dorman will step down.

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Thor Mining Says ASX Trading Has Been Halted

Shares in Thor Mining PLC on the Australian Securities Exchange were halted Monday pending a capital raise, the company said.

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MyHealthChecked Sees 2021 Ebitda Ahead of Expectations

MyHealthChecked PLC said Monday that it expects 2021 Ebitda to be above the higher end of market expectations.

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Capita Says 11-Month Revenue Rose, to Make Two Disposals in 2022

Capita PLC said Monday that revenue in the 11 months to Nov. 30 rose and that it will launch another two disposal processes early in 2022.

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Christie Group Says FY Performance to at Least Be In Line With Views

Christie Group PLC said Monday that it will post earnings for 2021 at least in line with market expectations, as its guidance remains unchanged, but that it could beat these views if it continues performing as it has for the full year.

 
Market Talk: 

Royal Mail's Near-Term Risks Are Seen on the Upside

The pandemic has meant that Royal Mail's profitability is now largely driven by parcels rather than letters, Berenberg says. With any increase in pandemic restrictions through winter benefiting its U.K. and European business, near-term risks are on the upside and cost inflation is largely in check for the meantime, the German brokerage says. "With the stock trading on extremely low multiples and headwinds very well flagged, we think the risk/reward now appears more attractive on a 12 to 24 month view than we have ever seen it for the company," it adds. Berenberg raises its rating on the stock to buy from hold and its target price to 650 pence from 530 pence.

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

(END) Dow Jones Newswires

12-13-21 0305ET

Stocks mentioned in the article
ChangeLast1st jan.
AFERIAN PLC 0.00% 136.5 Delayed Quote.-14.15%
AMIGO HOLDINGS PLC -1.54% 6.41 Delayed Quote.7.01%
CAPITA PLC -0.16% 24.7 Delayed Quote.-32.33%
COSTAIN GROUP PLC -2.50% 39 Delayed Quote.-26.97%
DUNELM GROUP PLC -2.95% 870.5 Delayed Quote.-36.97%
EVE SLEEP PLC 0.00% 1.65 Delayed Quote.-40.00%
FTSE 100 0.27% 7585.46 Delayed Quote.2.44%
K3 CAPITAL GROUP PLC 0.91% 277.5 Delayed Quote.-18.38%
MYHEALTHCHECKED PLC -2.63% 1.85 Delayed Quote.-21.28%
STHREE PLC 1.22% 372 Delayed Quote.-19.83%
THOR MINING PLC 0.00% 0.625 Delayed Quote.0.00%
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