London Shares Seen Lower as Inflation Fears Weigh
September 14 2021 - 3:24AM
Dow Jones News
Market Talk:
London Stocks Seen Opening Slightly Lower
0644 GMT - The FTSE 100 index is expected to open 20.3 points
lower, according to IG, compared with Monday's close of 7068.43, as
concerns about rising inflation amid slowing growth continue to
dampen sentiment. U.S. inflation data will be closely watched at
1230 GMT, followed by U.K. inflation figures on Wednesday. "There
is always room for a positive surprise in inflation figures as we
are not done worrying about the global chip shortage, the slow
logistics, firm energy and commodity prices, rising wages and
rising Covid worries," says Ipek Ozkardeskaya, senior analyst at
Swissquote. Online retailer Ocado and sports retailer JD Sports
will be in focus after trading updates.
(jessica.fleetham@wsj.com)
Companies News:
Elliott Investment Management Pushing for Breakup of SSE
-Bloomberg
--Paul Singer's Elliott Investment Management is pushing for a
breakup of SSE PLC, Bloomberg reports, citing people with knowledge
of the matter.
---
Bunzl Agrees to Acquire US Safety Business, Australian
Healthcare Distributor
Bunzl PLC said Tuesday that it has agreed to acquire a
U.S.-based safety business and a medical-supplies distributor
operating in Australia and Singapore for undisclosed amounts.
---
Ocado Group's 3Q Ocado Retail Revenue Fell
Ocado Group PLC said Tuesday that revenue from its joint venture
Ocado Retail declined in the third quarter of fiscal 2021, and that
the latest seven weeks of the period were hit by the orders lost in
a fire at its customer fulfillment center in Erith, England, in
July.
---
JD Sports Posts Record-High 1H Earnings, Sees 2021 Headline
Pretax Profit of at Least GBP750 Mln
JD Sports Fashion PLC said Tuesday that its first-half profits
rose to record-high levels, and that it expects to achieve a
headline pretax profit of at least 750 million pounds ($1.04
billion) for the whole of 2021.
---
Petra Diamonds FY 2021 Adjusted Ebitda Doubled
Petra Diamonds Ltd. on Tuesday reported that its adjusted
earnings doubled in the fiscal year, but missed market
expectations.
---
Staffline's 1H Pretax Loss Narrowed Materially
Staffline Group PLC on Tuesday reported a significantly narrowed
pretax loss for the first half of the year after cutting costs and
benefiting from a solid performance by all of its three divisions
in the period.
---
M.J. Gleeson FY 2021 Pretax Profit Rose Significantly
M.J. Gleeson PLC on Tuesday reported a significant rise in
pretax profit for fiscal 2021 despite the pressures affecting the
supply of materials and labor within the industry.
---
Clayton Dubilier & Rice Reaches Agreement With Morrisons
Pension Trustees
Clayton Dubilier & Rice LLP said Tuesday that it had reached
an agreement with the trustees of the pension plans of Wm. Morrison
Supermarkets PLC, strengthening its position in a potential bidding
war for the U.K. supermarket chain.
---
Trainline Expects Return to Profitability in 1H 2022
Trainline PLC said Tuesday that it expects to return to
profitability for the first half of fiscal 2022, and that revenue
and net ticket sales increased over the period as Covid-19
restrictions eased.
---
Chemring Sees FY 2021 Earnings in Line With Market
Expectations
Chemring Group PLC said Tuesday that its performance for the
year ending Oct. 31 is in line with market expectations.
---
BP Hires Former RWE Renewables CEO to Lead Green
Transformation
BP PLC said Tuesday that it has appointed Anja-Isabel Dotzenrath
as executive vice president for the gas and lower carbon energy
division.
---
Made.com Group 1H Pretax Loss Narrowed, Backs Guidance
Made.com Group PLC said Tuesday that its pretax loss narrowed
for the first half as revenue increased, and backed its guidance
for the year.
Contact: London NewsPlus, paul.larkins@wsj.com
(END) Dow Jones Newswires
September 14, 2021 03:09 ET (07:09 GMT)
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