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Sterling Could Extend Losses Slightly on Risk Aversion

10/01/2021 | 01:49am EST

Sterling Could Extend Losses Slightly on Risk Aversion

0729 GMT - The pound may continue its recent selloff on potential risk aversion on Friday, although any declines will be limited, ING says. Sterling has remained "highly sensitive" to swings in risk appetite and has struggled to benefit from the market expecting more interest rate rises by the Bank of England, ING forex strategist Francesco Pesole says. "Another risk-off day today could see EUR/GBP tick higher again, although we expect any fresh rally in the pair to struggle to break the 0.8644 200-day moving average for now considering there is no clear EUR-specific bullish sentiment at the moment and the pound appears to have already widely discounted the unsupportive risk environment." EUR/GBP rises 0.3% to 0.8622 and GBP/USD falls 0.3% to 1.3441. (renae.dyer@wsj.com)

 
Companies News: 

ADM Energy Flags Going-Concern Doubt; Reports Widened 1H Pretax Loss

ADM Energy PLC reported Thursday a widened first-half pretax loss and said a short-term funding requirement has cast some doubt on its ability to continue as a going concern.

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Darktrace Shareholders to Sell $225 Mln in Shares

Jefferies International Ltd. said Thursday that four shareholders intend to sell around $225 million worth of shares in Darktrace PLC through a secondary placing to institutional investors.

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Jubilant FoodWorks to Purchase GBP23.7 Mln in DP Eurasia Shares

Jubilant FoodWorks Ltd.'s Netherlands subsidiary said Thursday it intends to purchase 23.7 million pounds ($31.8 million) of shares in DP Eurasia NV, bringing its control up to 49.99% of the company's issued share capital.

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MC Mining FY 2021 Post-Tax Loss Narrows, Revenue Rose

MC Mining Ltd. said Thursday that its post-tax loss narrowed for fiscal 2021 on higher revenue.

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Capita Agrees to GBP62 Mln Sale of Secure Solutions and Services Business

Capita PLC said on Friday that it has agreed to sell its Secure Solutions and Services business to NEC Software Solutions UK Ltd. for a consideration expected to be 62 million pounds ($83.5 million) on a cash-free, debt-free basis.

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Wetherspoon Losses Widened in FY 2021 as Pubs Were Closed Under Covid-19 Restrictions

J.D. Wetherspoon PLC on Friday reported a widened loss for the fiscal year, as its pubs were hurt by coronavirus-related restrictions.

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Fletcher King Swung to FY 2021 Pretax Loss; Won't Declare Dividend

Fletcher King PLC said on Friday that it swung to a pretax loss for fiscal 2021 as revenue decreased, and that the board isn't declaring a dividend for the year.

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Gulf Marine Services Says Performance Remains in Line With Views

Gulf Marine Services PLC said Friday that its performance remains in line with expectations, with revenue, earnings and margins growing in the first half.

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Greencore Sees FY 2021 Revenue of Around GBP1.32 Bln

Greencore Group PLC said Friday that it expects revenue for the year ended Sept. 24 to be around 1.32 billion pounds ($1.78 billion), and that it was encouraged by the progress seen in the final quarter of fiscal 2021.

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AO World 1H 2022 Revenue Up 5% Despite Driver Shortages, Supply Chain Issues

AO World PLC said Friday that growth in the first half of the year has been hurt by a shortage of delivery drivers and continuing supply-chain disruptions but revenue was still up by 5% against strong comparatives during coronavirus-related lockdowns.

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Anglo African Agriculture Says Some Comarco Shareholders Reject Acquisition

Anglo African Agriculture PLC said Friday that certain shareholders of Comarco have decided not to proceed with the reverse takeover process between the two companies.

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Euromoney Expects FY 2021 Adjusted Pretax Profit Significantly Ahead of Views

Euromoney Institutional Investor PLC said Friday that it expects adjusted pretax profit for fiscal 2021 to be significantly ahead of analysts' expectations before the impact of the IAS 38 accounting practice.

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Iomart Sees FY 2022 Results Below Views; Shares Drop

Cloud-computing company Iomart Group PLC said on Friday that it expects results for the year ending March 31 to be below current expectations.

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Tintra Shares Rise on Potential Acquisition, AI Software JV, Lottery Business Sale

Shares in Tintra PLC rose Friday morning after the company said that it is progressing an acquisition and a joint-venture deal, and that it has received an offer for its lottery-administration business.

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Malin to Launch Significant Capital Return via Tender Offer

Malin Corp. said Friday that it will launch a tender offer to make a "significant return of capital" to its shareholders, following the sale of its subsidiary Altan Pharma.

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

10-01-21 0349ET

Stocks mentioned in the article
ChangeLast1st jan.
AO WORLD PLC 0.46% 99.1 Delayed Quote.-76.41%
CAPITA PLC 0.02% 47.21 Delayed Quote.20.38%
DARKTRACE PLC -4.48% 409.8 Delayed Quote.0.00%
DP EURASIA N.V. -0.56% 88 Delayed Quote.96.67%
GREENCORE GROUP PLC 1.06% 134.1 Delayed Quote.13.91%
IOMART GROUP PLC 3.21% 161 Delayed Quote.-51.25%
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