London Stocks Seen Opening Higher

0647 GMT - The FTSE 100 index is expected to open 21 points higher, according to IG, having closed Monday at 7146.68 as equity markets continue to rise broadly albeit with traders cautious ahead of Wednesday's U.S. Federal Reserve decision. News that the U.K.'s planned reopening of the economy will be delayed by four weeks may impact some stocks, although the impact is expected to be limited, with most continuing to focus on economic recovery prospects. Data released earlier showed the U.K. unemployment rate fell to 4.7% in April, from 4.8% in March, in line with expectations. Oil stocks are likely to benefit from a firmer oil price, while industrial-equipment rental company Ashtead will be watched after announcing full-year results and online fashion retailer Boohoo after a trading update. (jessica.fleetham@wsj.com) 


 
Companies News:

Ashtead FY 2021 Profit Fell, Declares Increased Dividend

Ashtead Group PLC on Tuesday reported a fall in profit for fiscal 2021, and raised its dividend.

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Boohoo 1Q Revenue Increased 32%; Reaffirms Full-Year Guidance

Boohoo Group PLC said Tuesday that its revenue grew 32% in the first quarter of the fiscal year and it reaffirmed expectations.

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International Personal Finance Expects Stronger Rebound on Reduced Impairments

International Personal Finance PLC said Tuesday that its collections performance has continued to be strong since its April update, and that this will result in a faster-than-anticipated improvement in impairments as a percentage of revenue.

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On the Beach 1H 2021 Pretax Loss Narrows, Guidance Remains Suspended Due to Pandemic

On the Beach Group PLC said Tuesday that its pretax loss for the first half of fiscal 2021 narrowed after booking lower costs, and that it maintains its full-year guidance suspension until the overall effect from the pandemic becomes clearer.

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Wentworth Resources Raises 2021 Production Guidance

Wentworth Resources PLC on Tuesday upgraded its gas production guidance for 2021 on the back of strong Tanzanian demand.

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Tavistock Investments to Report Swing to FY 2021 Pretax Profit

Tavistock Investments PLC said Tuesday that it expects to report a swing to pretax profit for fiscal 2021.

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Bellway Sees FY 2021 House Completions Recovering to 2019 Levels

Bellway PLC said Tuesday that it has seen strong sales demand in the second half of fiscal 2021 to date, and it expects full-year housing completions to return to pre-coronavirus pandemic levels.

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Non-Standard Finance Working on Capital Raising of Around GBP80 Mln

Non-Standard Finance PLC said Tuesday it is working on a substantial equity-capital raising that is expected to be valued at around 80 million pounds ($112.9 million), supported by its largest shareholder.

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GB Group's FY 2021 Pretax Profit, Revenue Rose Ahead of Market Views

GB Group PLC said Tuesday that pretax profit rose 66% in fiscal 2021 with revenue ahead of market expectations and declared a final dividend.

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

(END) Dow Jones Newswires

06-15-21 0305ET