FTSE 100 Tipped to Open Higher as Asia Gains on Evergrande News

10/22/2021 | 01:00am

FTSE 100 Tipped to Open Higher After Asia Gains

0633 GMT - The FTSE 100 is expected to open 23 points higher at 7213, according to CMC Markets, after upbeat trading in Asia. Stocks in mainland China, Hong Kong and Japan are all in positive territory, though the Dow Jones closed flat Thursday. "As we look towards today's European trading, we can expect to see a positive open after reports in Asia that Evergrande would be paying the $83 million interest due on its US dollar bond," CMC analyst Michael Hewson says. (philip.waller@wsj.com)

 
Companies News: 

InterContinental Hotels 3Q Revenue Per Available Room 21% Below Pre-Pandemic Levels

InterContinental Hotels Group PLC said Friday that its revenue per available room increased 66% in the third quarter on year, but that it was 21% below 2019 levels.

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J Sainsbury Ends Talks to Sell Banking Arm

J Sainsbury PLC said Friday that it has ended talks to sell its banking arm as it believes the business will deliver better value for shareholders being kept within the group.

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London Stock Exchange 3Q Total Income Rose

London Stock Exchange Group PLC said Friday that its performance in the third quarter of 2021 was marked by income growth across all its divisions.

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JD Sports Acquires 80% Stake in Greek Retailer Cosmos Sport

JD Sports Fashion PLC said Friday that it has acquired 80% of Cosmos Sport SA, a Greek retailer.

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Hummingbird Resources Sees 2021 Production at Lower End of Guidance Range, Costs at Higher End

Hummingbird Resources PLC said Friday that its full-year production will be at the lower end of the guidance range, whereas costs will be at the upper end.

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Starcom PLC Raises GBP450,000 via Premium Share Subscription

Starcom PLC said Friday that it has raised 450,000 pounds ($620,730) via a premium share subscription and will use the money towards its new business pipeline as well as for potential new contracts.

Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com

(END) Dow Jones Newswires

10-22-21 0300ET

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