London Shares to Open Slightly Higher

London Stocks Seen Opening Slightly Higher

The FTSE 100 index is expected to open around 9 points higher, according to IG, having closed Friday at 7134.06, with equity investors remaining in a positive mood after the S&P 500 and Europe's Stoxx 600 posted new record closing highs Friday. Equities have been helped by the European Central Bank's decision last week to continue purchasing bonds under its pandemic emergency buying program at a significantly higher pace. Investors are likely to be cautious ahead of a U.S. Federal Reserve decision Wednesday, however, while the U.K. will see a raft of data releases this week, including inflation, unemployment and retail sales figures.

 
Companies News:

Alphawave IP's Year-to-Date Bookings at $190 Mln

Alphawave IP Group PLC said Monday that it achieved $190 million of bookings since 2021 began, with $15 million of estimated royalties.

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Tavistock Investments Enters Partnership With Titan Wealth, Sells Subsidiary for GBP40M

Tavistock Investments PLC said Monday it has entered into a 10-year partnership with Titan Wealth Holdings Ltd., which, as part of the deal, agreed to buy Tavistock's subsidiary Tavistock Wealth Ltd. for 40.0 million pounds ($56.4 million).

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Serco, Engie JV Wins GBP900 Mln UK Defense Contracts; Serco Raises Guidance

Serco Group PLC said Monday that its joint venture with France's Engie S.A. has won defense infrastructure contracts with the U.K. government with a base value of 900 million pounds ($1.27 billion), and raised its 2021 guidance.

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SThree 2Q Net Fees Rose Above Pre-Covid-19 Levels, Appoints New CFO

SThree PLC on Monday reported that its net fees jumped 22% in the second quarter and appointed Andrew Beach as chief financial officer.

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Ted Baker FY 2021 Loss Widened on Pandemic Hit, 1Q Revenue Still Lagging

Ted Baker PLC reported Monday a widened pretax loss for fiscal 2021 on lower revenue and said the coronavirus pandemic has continued to hurt sales into fiscal 2022.

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Nmcn Says Talks for Refinancing Are Well Advanced, Expects Loss for 2021

U.K. engineering and construction company nmcn PLC said Monday that it is in advanced bilateral discussions for refinancing, which it hopes to conclude within the next week, and that it expects to report a loss for 2021.

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Distil FY 2021 Profit, Revenue Rose

Distil PLC on Monday reported a rise in pretax profit for fiscal 2021 on higher revenue.

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AfriTin Mining 1Q Production Fell But Beat Target

AfriTin Mining Ltd. said Monday that production from its Uis tin mine in Namibia fell in the first quarter of the fiscal year but surpassed expectations.

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Saga Says Cash Burn in Travel Business for Feb-May at Lower End of Guidance

Saga PLC said Monday that cash burn at its travel business for the four months ended May 31 was at the lower end of its previous guidance of seven million to nine million pounds ($9.9 million-$12.7 million) a month, and that subject to government restrictions the business is due to restart June 27.

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SourceBio Expects 2021 Revenue, Earnings Growth on Covid Travel Testing

SourceBio International PLC said Monday that it has traded well in 2021 to date, with revenue, earnings and cash generation significantly ahead of the same period a year prior.

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Synectics Expects Narrowed 1H Operating Loss

Synectics PLC said Monday that it expects a reduced operating loss for the first half of fiscal 2021 on the back of lower costs.

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Esken Says Stobart Air to Cease Trading, Appoint Liquidator

Esken Ltd. said Monday that Stobart Air will cease trading, has terminated its franchise agreement with Aer Lingus --a member of International Consolidated Airlines Group S.A.-- and is taking steps to appoint a liquidator

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Tanfield 2020 Loss Widened on Higher Costs

Tanfield Group PLC reported Monday a widened pretax loss for 2020 on higher costs.

Contact: London NewsPlus, Dow Jones Newswires; +44-20-7842-931

(END) Dow Jones Newswires

June 14, 2021 03:05 ET (07:05 GMT)

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