FTSE 100 Tipped to Rise; Asia, US Markets Fall
0728 GMT - The FTSE 100 is expected to open 35 points higher at 7480, according to CMC Markets, despite downbeat trading in Asia and on Wall Street. Markets in mainland China, Hong Kong and Japan all fall and the Dow closed 0.4% lower. "Tuesday's European open looks set to be a positive one, as we look ahead to today's testimony from Fed chairman Jay Powell at his re-nomination hearing in Washington, D.C. to the Senate Banking Committee," CMC analyst Michael Hewson says. (philip.waller@wsj.com)
Companies News:
Games Workshop 1H Pretax Profit Slipped; Revenue Rose
Games Workshop Group PLC said Tuesday that pretax profit for the first half of fiscal 2022 fell despite higher revenue.
---
Darktrace Raises FY 2022 Expectations After Strong First Half
Darktrace PLC said Tuesday that it delivered significant growth over the first six months of fiscal 2022, leading it to increase its expectations for the full year.
---
Electrocomponents Expects 4Q Challenges Due to Pandemic But Sees FY Profit Ahead of Views
Electrocomponents PLC said Tuesday that although it expects external challenges in the fourth quarter of fiscal 2022 to intensify due to the Omicron variant of the coronavirus, profit for the year is expected to be slightly ahead of consensus estimates.
---
M.J. Gleeson 1H Homes Sold Slipped 2%, Remains Above Pre-Covid Levels
M.J. Gleeson PLC said Tuesday the number of homes it sold slipped slightly on-year in the first half of fiscal 2022 but remained above pre-coronavirus pandemic levels, and it expects to meet full-year market forecasts.
---
UK Watchdog Could Accept Pennon's Undertakings to Clear Bristol Water Deal
The U.K. Competition and Markets Authority said Tuesday that it believes undertakings provided by Pennon Group PLC in relation to its completed acquisition of Bristol Water Holdings UK Ltd. may be enough to satisfy its concerns over the deal.
---
SIG Sees 2021 Revenue Rose, Expects Swing to Underlying Profitability
SIG PLC said Tuesday that it expects to report its revenue rose and that it swung to an underlying operating profit in 2021, and it has strong momentum going into 2022.
---
Shoe Zone Swung to Pretax Profit in FY 2021; Says Eligible to Reinstate Dividend
Shoe Zone PLC posted Tuesday a swing to a pretax profit for fiscal 2021, boosted by lower costs and increased online sales, and said that it is now eligible to reinstate dividend payouts.
---
Franchise Brands 4Q Was Strong After Increased Sales at Metro Rod
Franchise Brands PLC said Tuesday that the strong trajectory it has experienced in 2021 continued in the fourth quarter, underpinned by significant growth at Metro Rod.
---
Robert Walters 4Q Net Fee Income Rose
Robert Walters PLC said Tuesday that net fee income trends rose 39% on a constant-currency basis in the fourth quarter of 2021, and that its performance was now comfortably ahead of current profit expectations.
---
Union Jack Oil's Wressle Interest Generates $2 Mln in Revenue Since Restart
Union Jack Oil PLC said Tuesday its interest in the Wressle hydrocarbon development has generated $2 million in revenue since the recommencement of production on Aug. 19.
---
GSTechnologies Raises GBP1.3 Mln Toward Strategy
GSTechnologies Ltd. said Tuesday that it has raised 1.3 million pounds ($1.8 million) via a share placing and subscription and will use the money toward its strategy.
---
Deltex Medical Group 2021 Revenue Fell Due to the Pandemic
Deltex Medical Group PLC said on Tuesday that revenue for 2021 fell due to the effects of the pandemic and the significant reduction in elective surgical procedures on a global scale.
---
Rathbones Group Funds Under Management and Administration Rose 25% in 2021
Rathbones Group PLC said Tuesday that total funds under management at Dec. 31 were up 25% on year, boosted by continued net inflows and the acquisition of wealth manager Saunderson House.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
01-11-22 0313ET
