London Stocks Seen Opening Lower

0749 GMT - The FTSE 100 is expected to open around 66 points lower, according to IG, having closed Thursday at 7672.40, as equity traders react to the previous day's news that U.S. inflation rose to a four-decade high in January. The news pushed bond yields higher and raised concerns about the possibility of bigger rate rises from the U.S. Federal Reserve, as well as about the possibility of inflation dampening the economy, analysts say. "With the sharp repricing toward tighter Fed policy, U.S. equities marched lower throughout the day," Deutsche Bank analyst Jim Reid says, adding that markets are starting to price in some risk of an emergency rate rise before March. Among individual stocks, British Amercian Tobacco will be in focus after a trading update which included plans for a share buyback. (jessica.fleetham@wsj.com) 


 
Companies News:

Tate & Lyle 3Q Performance in Line With Expectations on Continued Demand

Tate & Lyle PLC said Friday that it delivered a performance in the third quarter of fiscal 2022 in line with expectations, boosted by a continued high demand from its new products.

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British American Tobacco Launches Buyback Program of Up to GBP2 Bln, 2021 Pretax Profit Up

British American Tobacco PLC said Friday that it was launching a share-buyback program of up to 2 billion pounds ($2.71 billion), and that 2021 pretax profit rose after booking lower costs.

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Omega Diagnostics to Raise up to GBP7 Mln to Fund Health & Nutrition Unit Growth

Omega Diagnostics Group PLC said Friday that it is raising up to 7 million pounds ($9.5 million) via an equity issue, as first flagged on Thursday, and will use the money mainly to boost growth in its health and nutrition business.

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Facilities by ADF Sees 2021 Revenue, Adjusted Ebitda, Ahead of Views

Facilities By ADF PLC said Friday that it expects 2021 revenue and adjusted Ebitda to be ahead of market expectations.


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

(END) Dow Jones Newswires

02-11-22 0311ET