UKX

FTSE 100 Seen Opening Higher Ahead of Key US GDP Data

0739 GMT - The FTSE 100 is seen opening higher with IG futures data showing the London index of blue-chip stocks rising 26 points. The Bank of Canada on Wednesday signalled it would pause its interest-rate rise cycle and it appears markets reacted on the basis that the Federal Reserve might look to do something similar at next Wednesday's meeting given U.S. stocks turned off their lows overnight, CMC Markets analyst Michael Hewson writes. "As a result of yesterday's rebound in U.S. markets, European markets look set to open higher this morning as we look ahead to today's U.S. fourth quarter GDP." The GDP data are due at 1330 GMT. (renae.dyer@wsj.com)

 
Companies News: 

St. James's Place 2022 Funds Under Management Fell

St. James's Place PLC on Thursday reported funds under management at the end of 2022 that slightly missed consensus expectations.

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Foxtons Sees 2022 Revenue, Adjusted Profit Ahead of Market Views But Expects Tougher 2023

Foxtons Group PLC said Thursday that 2022 revenue and adjusted operating profit are expected to be ahead of market expectations, though it sees the first half of 2023 as being more challenging.

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Jet2 PLC to Beat FY 2023 Profit Forecasts After Strong Winter Bookings

Jet2 PLC said Thursday that it expects to beat fiscal 2023 adjusted pretax profit market forecasts amid strong winter bookings.

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Diageo 1H Pretax Profit Rose on Better-Than-Expected Sales, Higher Pricing

Diageo PLC said Thursday that pretax profit rose in the first half of fiscal 2023, supported by better-than-expected sales volumes due to higher prices, and raised its dividend payout.

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Tate & Lyle Sees FY 2023 Adjusted Profit Rising in Line With Views After 3Q Revenue Increased

Tate & Lyle PLC said Thursday that revenue rose in its third quarter, and that it expects to meet market views for higher fiscal 2023 adjusted pretax profit.

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Royal Mail Owner International Distribution Services 3Q Revenue Fell

International Distribution Services PLC, or IDS, said Thursday that revenue for the third quarter of fiscal 2023 fell, and that due to continuing industrial disputes it expects negative in-year trading cashflow at Royal Mail in fiscal 2024.

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Mitie Group Expects to Meet FY 2023 Profit Forecast

Mitie Group PLC said Thursday that its performance during the third quarter of the year continued to be strong and that it is on track to meet adjusted operating profit forecasts for the year ending March 31.

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Britvic 1Q Revenue Rose on Higher Prices Despite Volume Fall

Britvic PLC said Thursday that first-quarter revenue rose, driven by stronger pricing and a robust Christmas trading.

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Best of the Best Posts Lower 1H Revenue, Pretax Profit

Best of the Best PLC on Thursday reported lower revenue and pretax profit for the first half of fiscal 2023 as inflation weighed on consumer spending.

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Provident Financial To Become Vanquis Banking, Names New CEO

Provident Financial PLC on Thursday said it is changing its name to Vanquis Banking Group plc and that it has appointed a new chief executive officer as Malcolm Le May is stepping down from the role.

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

(END) Dow Jones Newswires

January 26, 2023 03:07 ET (08:07 GMT)

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