London Stocks Seen Opening Lower

0647 GMT - The FTSE 100 is expected to open 54.5 points lower, according to IG, as European stocks look set to track falls in their Asian peers on concerns about rising coronavirus cases. Virus-related restrictions end in England on Monday, but there are concerns that this comes just as virus cases are increasing rapidly. "Attention is now shifting to what comes next in terms of the outlook, as Covid cases rise, and here the economic picture is less clear," says Michael Hewson at CMC Markets, adding that this leaves the earnings outlook less clear too. Weaker crude oil prices are likely to weigh on heavyweight oil-related stocks. (jessica.fleetham@wsj.com) 


 
Companies News:

Parsley Box 1H Revenue Expected to Rise

Parsley Box Group PLC said Monday that it expects to report a rise in first-half revenue but warned of the negative impact of easing coronavirus restrictions.

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Carr's Group Expects to Beat Views on Strong Agriculture Market

Carr's Group PLC said Monday that it expects results for fiscal 2021 to be slightly better than anticipated, following strong business in the 20 weeks ended July 17.

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SThree 1H Pretax Profit and Revenue Rose, Expects to Beat FY Views

SThree PLC said on Monday that pretax profit and revenue rose for the first half of fiscal 2021, and that the momentum built during the period has continued.

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Sumo Group Agrees to GBP919 Mln Takeover by Tencent Holdings

Sumo Group PLC said Monday that it has agreed to a 919 million ($1.27 billion) takeover by Tencent Holdings Ltd.

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Henry Boot Expects 2021 to Exceed Mgmt Expectations on Strong 1H

Henry Boot PLC said Monday that it expects its results for the full year to exceed management views, on the back of strong trading in the year so far.

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DX (Group) Says FY 2021 Adjusted Pretax Profit Beat Views

DX (Group) PLC said Monday that it expects to report that adjusted pretax profit for fiscal 2021 significantly exceeded market forecasts, and that the board remains confident about the company's prospects.

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Taylor Maritime Investments to Raise $75 Mln to Fund Fleet Expansion

Taylor Maritime Investments Ltd. said Monday that it intends to raise $75 million to fund the acquisition of six new vessels.

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S4 Capital Says Recent Revenue, Gross Profit Exceeded Expectations

S4 Capital PLC said Monday that revenue and gross profit in May and June exceeded its expectations and it has engaged a consortium of banks for a new loan.

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Synthomer Sees Higher 2021 Ebitda Than Previously Expected

Synthomer PLC on Monday raised its Ebitda forecasts for the first half of 2021 and for the full year, as it said business has continued to be strong in recent months.

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All Active Asset Capital Mulling GBP188.3M Offer for Audioboom Group

All Active Asset Capital Ltd. said Monday that it is in talks over a possible 188.3 million pound ($259.3 million) cash-and-share offer for Audioboom Group PLC.

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Instem 1H Revenue Rose, Meeting Management Expectations

Instem PLC said Monday that trading in the first half of the year was in line with its expectations, with a rise in first-half revenue driven by organic growth and acquisitions in March. 


 
Market Talk:

OPEC+ Deal Likely to Support Oil Prices

0315 GMT - The OPEC+ agreement to moderately increase oil production should still "keep the market in deficit in the coming months," Goldman Sachs says. The investment bank says while the oil production limit was raised by 400,000 barrels a day for each month through the end of 2022, this still implies a 1H 2022 output of 650,000 barrels per day below its prior expectations. "As a result, we view [Sunday's] deal as supportive to our constructive oil price view with supply increasingly becoming the source of the bullish impulse and evidence of non-OPEC supply shortfalls likely in the coming months." (yongchang.chin@wsj.com)

Contact: London NewsPlus, Dow Jones Newswires; +44-20-7842-931

(END) Dow Jones Newswires

07-19-21 0312ET