FTSE 100 Poised to Rise After Upbeat Asia Trading

FTSE 100 Poised to Rise After Upbeat Asia Trading

0733 GMT - The FTSE 100 Index looks set to open 19 points higher at 7718, according to IG futures data, after upbeat trading in Asia. Markets in Australia, mainland China, Hong Kong and South Korea all trade in positive territory and the Dow closed Friday more than 2% ahead. In the wake of Friday's U.S. job report and the strong reaction to it, Monday's European open looks set to be a positive one, CMC Markets says. "Asia markets also got a boost as China took further steps to reopen its economy," CMC analyst Michael Hewson writes. ([e-mail])

 
Companies News: 

Vodafone to Sell Vodafone Hungary for EUR1.7 Bln

Vodafone Group PLC said Monday that it has agreed to sell Vodafone Hungary to 4iG Public Ltd. and Corvinus Zrt for 1.7 billion euros ($1.81 billion), with the proceeds to be used for deleveraging.

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Airtel Africa Buys 4G, 5G Spectrum in Nigeria

Airtel Africa PLC said Monday that it has bought additional spectrum to support the growth of its 4G services and 5G roll-out in Nigeria for $316.7 million.

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AstraZeneca to Buy CinCor Pharma for Baxdrostat Cardiorenal Drug

AstraZeneca PLC said Monday that it has agreed to buy CinCor Pharma, Inc., acquiring global rights to the latter's baxdrostat cardiorenal drug for an upfront transaction value of around $1.3 billion.

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Impax Asset Management 1Q Assets Under Management Rose

Impax Asset Management Group PLC on Monday said its assets under management rose in the first quarter of fiscal 2023.

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Tortilla Mexican Sees FY 2022 Profit in Line With Market Expectations

Tortilla Mexican Grill PLC said Monday that performance for fiscal 2022 is expected to be in line with market expectations supported by robust trading in the fourth quarter.

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Cairn Homes Sees 2022 Results Ahead of Market Views on Strong Demand

Cairn Homes PLC said Monday that it expects to report full-year revenue and home sales ahead of market forecasts, on the back of strong demand from first-time buyers.

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Deepverge 2022 Revenue Rose 85%, Slightly Missing Market Views

Deepverge PLC said Monday that it expects to report 2022 revenue of 17.2 million pounds ($20.8 million), slightly missing market views but still representing an increase of 85% on year.

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Nanoco Says Samsung Litigation Settlement Seen at Lower End of Views

Nanoco Group PLC said Monday that a 30-day stay has been granted in its litigation with Samsung Group after the companies agreed to a term sheet for a no fault settlement and that it expects the settlement to be toward the lower end of the range of expectations.

Contact: London NewsPlus; [e-mail]

(END) Dow Jones Newswires

01-09-23 0307ET