London Stocks Seen Opening Lower

0650 GMT - The FTSE 100 index is expected to open around 41.5 points lower, according to IG, having closed on Friday at 7434.57, tracking falls in Asian stocks after lower-than-expected annual Chinese gross domestic product data amid weaker retail sales. "The response in the financial markets was negative, with stocks in China declining and the yuan also dropping," IG analysts write. Focus will center on company earnings this week, with Tesla "the first of the major tech companies to report its results on Wednesday," they say. Gambling company Entain will be watched after it said it has acquired Angstrom Sports. (jessica.fleetham@wsj.com)

COMPANIES NEWS:

Gresham House in Talks on Takeover by Searchlight Capital, Sky News Reports

--Gresham House is in talks about a private-equity takeover by U.S.-based company Searchlight Capital, Sky News reports.

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Churchill China Says 1H in Line With Board Expectations

Churchill China said Monday that its first-half performance remained in line with the board's expectations.

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Entain to Buy Angstrom Sports for Up to GBP122 Mln

Entain said Monday that it has agreed to buy Angstrom Sports for a total maximum of 122 million pounds ($159.7 million), payable over three years, in a takeover expected to complete in the third quarter of the year.

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Virgin Wines FY 2023 Performance Met Internal Views; Revenue, Profit Slipped

Virgin Wines UK said Monday that its fiscal 2023 performance was in line with its expectations, with lower revenue and adjusted profit on-year but progress with strategic initiatives made.

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Searchlight Capital to Buy Gresham House in GBP470 Mln Cash Deal

Gresham House on Monday agreed to be taken over by Searchlight Capital Partners in a deal that values the asset manager at around 469.8 million pounds ($615.1 million) on a fully-diluted basis.

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James Fisher & Sons Backs Full-Year View After 1H Results; CFO to Leave

James Fisher & Sons on Monday backed its full-year view after revenue rose in the first half of the year, driven by growth across divisions, and said that Chief Financial Officer Duncan Kennedy plans to step down.

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Trustpilot Names Adrian Blair as New CEO

Trustpilot on Monday named Adrian Blair as its chief executive officer effective from Sept. 13.

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Brickability FY 2023 Profit, Revenue Rose; Confident in Position

Brickability Group said Monday that pretax profit and revenue both significantly rose in fiscal 2023 on strong momentum across all four divisions, and that it is confident in its position despite macroeconomic uncertainties.

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DFS Furniture Sees FY 2023 Underlying Pretax Profit in Line With Guidance

DFS Furniture said Monday that it expects fiscal 2023 underlying pretax profit to be in line with previous guidance and for fiscal 2024 to be slightly higher.

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Tortilla Mexican Grill 1H Revenue Rose on Growing Demand

Tortilla Mexican Grill said Monday revenue for the first half of the year rose as demand grew, and that the board is confident it can deliver results for the year in line with market expectations.

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Dianomi Sees 1H Revenue Slipping, Full-Year Revenue Below Market Views

Dianomi said Monday that it expects first-half revenue to fall and full-year revenue to miss market expectations, as a decline in traffic volumes across its publishers hit its ability to generate advert revenue.

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Unbound Group's Shares to Be Suspended as It Appoints Administrators

Unbound Group on Monday said its shares will be suspended and that it intends to appoint administrators to its main operating subsidiary.

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Advanced Oncotherapy Plans to Raise Up to GBP110 Mln; Remains in Sales Talks

Advanced Oncotherapy said Monday that it plans to raise up to 110 million pounds ($144 million) through a prospective recapitalization and funding plan, and that it remains in formal sales process discussions.


Contact: London NewsPlus, Dow Jones Newswires;

(END) Dow Jones Newswires

07-17-23 0314ET