London Stocks Seen Opening Higher

London Stocks Seen Opening Higher

0745 GMT - The FTSE 100 is expected to open around 24 points higher, according to IG, having closed on Friday at 7332.12, recovering from last week's losses but with trade still cautious due to concerns about rising interest rates and weak growth. "Asian markets kicked off the week in cautious fashion, carrying on the theme from last week where rate hikes and concerns about economic growth caused the equity rally to stall and then go into reverse," IG analysts say in a note. "While there is still scope for a rally into Christmas, this looks to be a fleeting bout of optimism, as worries about falling earnings and a recession in 2023 continue to stalk markets." ([e-mail])

Companies News: 

CRH to Buy Back $300 Mln in Shares

CRH PLC said Monday that it will conduct a $300 million share buyback program.

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Thruvision Confirms Breakeven Target After 1H Pretax Loss Narrowed

Thruvision Group PLC said Monday said its pretax loss for the first half of fiscal 2023 fiscal narrowed slightly as it posted an increase in revenue, and confirmed that it expects to break even in the full financial year.

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Lookers Chairman Ian Bull to Step Down

Lookers PLC on Monday said its Chairman Ian Bull will step down from the role on Dec. 31 for personal reasons.

Contact: London NewsPlus, Dow Jones Newswires;

(END) Dow Jones Newswires

12-19-22 0306ET