FTSE 100 Seen Higher as Asian Markets, US Futures Gain

FTSE 100 Seen Opening Higher as US Traders Return From Holiday

0638 GMT – The FTSE 100 is seen opening higher following gains in Asian markets and ahead of an expected positive start to trading on Wall Street as US investors return from Monday’s Fourth of July holiday. London’s blue-chip stocks index is expected to open 24 points higher while the Dow is seen starting up 190 points, according to IG. There is “a lot of optimism among traders that the Biden administration could be rolling back some of the tariffs imposed on China during the Trump era to ease inflation,” AvaTrade analyst Naeem Aslam writes. “Higher inflation has created a significant threat to the US economy, and there are higher chances of the US economy falling into a recession.” (renae.dyer@wsj.com)

Companies News: 

AstraZeneca to Buy TeneoTwo for Up to $1.27 Bln

AstraZeneca PLC said Tuesday that it is buying TeneoTwo, Inc. for up to $1.27 billion in a deal that strengthens its haematological cancer pipeline.

B&M European Value Retail Appoints Mike Schmidt as CFO

B&M European Value Retail SA said Tuesday that it has appointed Mike Schmidt as its next chief financial officer.

Ashtead Technology Shareholder Sells 10 Mln Shares at 200p

Numis Securities Ltd. said that it has now placed 10 million shares of Ashtead Technology Holdings PLC at 200 pence each on behalf of BP Inv2 Newco Ltd., as first flagged late Monday.

Sainsbury’s 1Q Like-For-Like Sales Declined; Blathnaid Bergin Appointed New CFO

J Sainsbury PLC said Tuesday that like-for-like sales declined in the first quarter of fiscal 2023, and added that its current commercial and finance director, Blathnaid Bergin, has been appointed as its new chief financial officer.

Quiz FY 2022 Pretax Profit Fell; Warns of Inflation Pressure on Sales

Quiz PLC reported Tuesday a significant decline in pretax profit for fiscal 2022 and said its sales performance will be hit by the effects of inflation on customers’ shopping habits.

Young & Co.’s Brewery 13-Week Comparable Revenue Rose 35%

Young & Co.’s Brewery PLC said Tuesday that the strong performance of the final quarter of last year has continued, with like-for-like revenue in the first thirteen weeks of the new fiscal year up 35%.

Biffa Bid Talks With Energy Capital Are Continuing; UK Takeover Panel Extends Bid Deadline

Biffa PLC said Tuesday that takeover talks with Energy Capital Partners LLC are continuing, and that in order for them to continue the UK Takeover Panel has agreed to extend the bid deadline until Aug. 2.


Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

July 05, 2022 03:05 ET (07:05 GMT)

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