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London Shares to Rise as 2Q GDP Revised Higher

09/30/2021 | 03:05am EST

FTSE 100 to Rise as 2Q UK GDP Revised Higher

The FTSE 100 is seen opening higher after data showed the U.K. economy grew more strongly than previously thought in the second quarter. Spreadbetting firm IG expects the index to start trading up 35 points. U.K. gross domestic product increased 5.5% quarter-on-quarter in the April-June period, the Office for National Statistics said, compared to its preliminary estimate of 4.8% growth. Second-quarter U.S. GDP figures are also due at 1230 GMT. Meanwhile, investors digest remarks from Bank of England Governor Andrew Bailey, European Central Bank President Christine Lagarde and Federal Reserve Chair Jerome Powell on a panel Wednesday when they all reiterated their view that current inflationary pressures would prove temporary.

 
Companies News: 

Diageo Expects Margins to Benefit From Recovery in Volumes

Diageo PLC said Thursday that it has had a strong start to the fiscal year, and that it expects organic operating margins to benefit from a further recovery in sales volumes.

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3i Group PLC Appoints David Hutchison Nonexecutive Chairman

3i Group PLC said Thursday that it has appointed David Hutchison as nonexecutive chairman, replacing Simon Thompson.

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Numis Expects to Report Significantly Higher FY 2021 Profit

Numis Corp. said Thursday that it expects to report significantly higher profits for the year ending Sept. 30, following strong performance in the fourth quarter.

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WANdisco Wins $1 Mln Contract, Reports 1H Loss

WANdisco PLC said Thursday that it has won a contract for a minimum of $1 million and reported a widened loss for the first half.

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Boohoo Group 1H FY 2022 Pretax Profit Fell; Cuts Margin Guidance

Boohoo Group PLC said on Thursday that pretax profit for the first half of fiscal 2022 fell, and lowered its margin guidance for the year.

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HSS Hire Sees 2021 Earnings Ahead of Market Views

HSS Hire Group PLC on Thursday reported a profit for the first half of the year, and expects full-year earnings to be ahead of market expectations.

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FirstGroup's Greyhound Gets $84.6 Mln Grant Under US Covid Relief Scheme

FirstGroup PLC said on Thursday that its North American subsidiary, Greyhound, has been awarded an initial funding grant of $84.6 million from the first tranche of the U.S. Department of the Treasury's Coronavirus Economic Relief for Transportation Services scheme.

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HSS Hire to Sell All Seasons Hire for GBP55 Mln

HSS Hire Group PLC said Thursday that it is selling its heating, ventilation and air-conditioning hire business for 55 million pounds ($73.9 million) to accelerate the repayment of its debt.

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

(END) Dow Jones Newswires

09-30-21 0304ET

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