London Stocks Seen Opening Lower; BP in Focus

London Stocks Seen Opening Lower; BP in Focus

0757 GMT - The FTSE 100 index is expected to open around 18 points lower, according to IG, having closed Monday at 7288.62, tracking falls in many Asian stock indexes and amid caution ahead of central bank decisions in the U.S. on Wednesday and the U.K. on Thursday. "Today is the lull before the storm, with a largely empty economic calendar paving the way for a raft of economic and central bank announcements in the remainder of the week," IG says. Oil major BP will be in focus after 3Q earnings, reporting a rise in underlying replacement cost profit which beat expectations, while Flutter Entertainment will also be watched after reporting results. ([e-mail])

 
Companies News: 

Flutter Reports Strong 3Q Revenue Growth; Earnings Hit by Sports Results

Flutter Entertainment PLC said Tuesday that revenue grew strongly in the third quarter with rapid growth for its FanDuel business in the U.S., although unfavorable sports results will hit its earnings.

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Capita to Sell Specialty Insurance Businesses for Undisclosed Sum

Capita PLC said Tuesday that it is selling its specialty insurance businesses to Marco Capital Holdings (UK) Ltd. for an undisclosed sum.

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Hiscox Says Nine-Month Gross Premiums Rose 6.1%

Hiscox Ltd. said Tuesday that gross written premiums were up in the first nine months of the year as it set aside $150 million in reserves for losses from Hurricane Ida and floods in Europe.

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BP 3Q Underlying Replacement Cost Profit Rose Ahead of Views

BP PLC on Tuesday reported a rise in underlying replacement cost profit, beating expectations, and said that it continues to expect a decline in full-year upstream production.

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Novacyt Warns of Possible Revenue Hit from UK Covid-19 Test Validation

Novacyt S.A. said Tuesday that only two of its Covid-19 testing related products have so far been approved for continued sale in the U.K. under a new validation regime.

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TP ICAP 3Q Revenue Rose; Backs 2021 Outlook

TP ICAP Group PLC said Tuesday that revenue increased in the third quarter, led by growth at its agency execution and energy and commodities divisions.

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Warpaint London Expects to Report Market Beating 2021 Earnings

Warpaint London PLC said Tuesday that it expects to report market-beating earnings for the year with sales similar to 2019 levels.

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Sensyne Health Is Up for Sale as CEO Mulls Management Buyout

Sensyne Health PLC said Tuesday that it has initiated a formal sales process after its chief executive officer and largest shareholder, Paul Drayson, approached the board about a potential management buyout of the company.

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Watkin Jones Says FY 2021 Operating Profit Was in Line With Views

Watkin Jones PLC said Tuesday that it expects to report an operating profit for fiscal 2021 in line with management expectations, without providing detailed figures.

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IWG 3Q Performance Boosted by Hybrid-Working Demand; Sees Recovery in 2022

IWG PLC said Tuesday that its performance for the third quarter is accelerating with an unprecedented level of demand, and that it expects a stronger recovery next year as businesses are changing to hybrid-working practices due to the pandemic.

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; [e-mail]

(END) Dow Jones Newswires

11-02-21 0413ET