FTSE 100 Seen Little Changed After Recent Rally
31 Marzo 2023 - 9:22AM
Dow Jones News
FTSE 100 Seen Opening Little Changed
0649 GMT - The FTSE 100 is expected to open little changed on
the last day of the month and first quarter after four consecutive
days of gains following an easing in banking sector worries. IG
futures data show the London index of blue-chip stocks opening flat
after closing 56 points higher on Thursday. Data from the Office
for National Statistics Friday showed the U.K. economy grew 0.1% in
the fourth quarter compared to the previous quarter, up from a
previous estimate of flat growth. However, Nationwide also reported
Friday that U.K. house prices fell 3.1% on year in March, the
biggest annual decline since July 2009. (renae.dyer@wsj.com)
Companies News:
Rio Tinto and First Quantum to Form JV for La Granja Copper
Project in Peru
Rio Tinto PLC said Friday that it will form a joint venture with
the Canadian First Quantum Minerals Ltd. to develop the La Granja
copper project in Peru.
---
Rolls-Royce Names Helen McCabe Chief Finance Officer
Rolls-Royce Holdings PLC said Friday that Helen McCabe will join
the board as chief financial officer later in the year.
---
Vanquis Banking 2022 Pretax Profit Rose on Loan Book Growth
Vanquis Banking Group PLC on Friday reported a rise in 2022
pretax profit as it saw strong loan book growth across its
businesses and said it has seen positive momentum from the fourth
quarter continue into 2023.
---
Abingdon Health 1H Pretax Loss Narrowed on Lower Costs
Abingdon Health PLC said Friday that its pretax loss narrowed
for the first half of fiscal 2023 after booking lower costs, and
that it expects revenue in the second half to be significantly
ahead of that seen in the first half.
---
James Halstead First Half Pretax Profit Fell on Higher Costs,
But Sees Pressures Easing
James Halstead PLC said Friday that pretax profit for the first
half of fiscal 2023 fell on the back of higher expenses, despite
reaching record revenue levels, but expects inflationary pressures
and logistic costs to improve.
---
NCC Group Cuts Fiscal 2023 Adjusted Operating Profit
Guidance
NCC Group PLC on Friday lowered its adjusted operating profit
guidance for fiscal 2023 citing the further deterioration of the
macro-economic and market environment on its businesses.
Market Talk:
UK Isn't Deploying Drax, Lynemouth Carbon Capture Projects
Now
1552 ET - The UK government announced eight carbon capture
storage and utilization projects today, but submissions from Drax
and Lynemouth Power weren't among them. The UK said it's concluded
the power bioenergy with carbon capture, use and storage project
assessment process, and Drax's and Lynemouth's projects met minimum
criteria for deliverability by 2027 but won't be selected for
deployment in the first stage, or Track-1, of the efforts. Drax
said today it's in formal discussions with the UK government on
large-scale power Beccs. The UK government says it will be in touch
with projects included in the Beccs assessment process to provide
more feedback and let them know about next steps and that "Track-1
is not the extent of our ambition." (jonathan.vuocolo@wsj.com;
@jonvuocolo)
---
BP, Eni Lead UK Carbon Capture Projects
1550 ET - The UK said it chose eight carbon capture storage and
utilization projects for possible funding across two areas, part of
the Power Up Britain initiative intended to scale up the low-carbon
industry. The UK selected three projects for the East Coast Cluster
located in the Teesside and Humber areas in north England. BP is
leading the East Coast Cluster's Northern Endurance project, and
Equinor, National Grid, Shell and Total are also partners. For the
UK's HyNet Cluster in northwest England and north Wales, five
projects were selected. Eni says it leads HyNet together with
Progressive Energy, Cadent, CF Fertilisers, Essar, Hanson and Ineos
Group's Inovyn, and will store CO2 in its exhausted UK hydrocarbon
fields. (jonathan.vuocolo@wsj.com; @jonvuocolo)
Contact: London NewsPlus; paul.larkins@wsj.com
(END) Dow Jones Newswires
March 31, 2023 03:07 ET (07:07 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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