FTSE 100 Set to Rise; Asia Trades Mixed
0630 GMT - The FTSE 100 Index looks set to open 22 points higher at 7893, according to IG futures data, after mixed trading in Asia and a downbeat close on Wall Street on Friday. Markets in Australia, Hong Kong and Japan gain, though stocks in mainland China trade flat. The Dow closed Friday down 0.4%. Brent crude drops 0.1% to $86.20 a barrel. "We start the week off on a fairly quiet note with regards to data releases," Danske Bank analysts say in a note. "We get U.S. Empire manufacturing PMI and Norwegian trade balance. Through the remainder of the week, the most important release will be flash PMIs on Friday." (philip.waller@wsj.com)
COMPANIES NEWS:
Tekcapital Raises GBP2 Mln to Develop Portfolio
Tekcapital PLC said Monday that it has raised 2.0 million pounds ($2.5 million) in an oversubscribed placing, with the proceeds to be used to develop its portfolio.
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Omega Diagnostics Sees Widened FY 2023 Ebitda Loss on Lower Production Yields
Omega Diagnostics Group PLC said Monday that it expects to report that its fiscal 2023 Ebitda loss widened on the back of lower-than-expected production yields and higher raw-material costs.
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John Wood Group to Engage With Apollo to See if Firm Offer Can Match Final Offer
John Wood Group PLC said Monday that it has decided to engage with Apollo Management Holdings LP to see if it can make a firm offer for the company on the same terms as its final offer.
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Network International Could Recommend Consortium Offer Proposal of 387 Pence a Share
Network International Holdings PLC said Monday that it has received a 387 pence-a-share takeover proposal from Capital Partners Ltd. and Francisco Partners Funds that it would be minded to recommend to shareholders if a formal offer was made.
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S4 Capital Executive Chairman Martin Sorrell to Have Preventative Medical Treatment Following Tumor
S4 Capital PLC said Monday that Executive Chairman Martin Sorrell will have preventative medical treatment over the coming months, but that he should be able to work as normal for most of that time.
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PageGroup 1Q Gross Profit Rose on EMEA Performance
PageGroup PLC said Monday that gross profit in the first quarter of 2023 rose driven by growth in its Europe, Middle East and Africa market, and it expects full-year operating profit to meet market expectations.
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Quiz FY 2023 Profit Rose on Higher Demand, Warns of Increasing Headwinds Ahead
Quiz PLC said Monday that it expects to report that pretax profit for fiscal 2023 rose on the back of higher consumer demand, but warned of increasing headwinds in the coming year.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
04-17-23 0248ET
