FTSE 100 Poised to Rise Ahead of European, US PMI Data
0746 GMT - The FTSE 100 Index looks set to open 22 points higher at 7448, according to IG futures data, though Asia trades mostly lower and Wall Street closed in the red. Australian, mainland Chinese and Japanese markets fall, though Hong Kong stocks gain 0.7%. The Dow closed more than 2% lower. Brent crude drops 0.1% to $81.12 a barrel. "December flash PMI figures are on the agenda for the euro area, U.K. and U.S. Friday and we expect them to bring further evidence of the rising recession risks ahead," Danske Bank analysts say in a note. (philip.waller@wsj.com)
Companies News:
BT Group to Combine Enterprise and Global Units
BT Group PLC said Friday that it plans to merge its global and enterprise units into a single B2B unit--BT Business--in a move that is expected to deliver annualized cost savings of at least 100 million pounds ($121.8 million) by the end of fiscal 2025.
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Taylor Wimpey's Chair Irene Dorner to Step Down
Taylor Wimpey PLC said Friday that Chair Irene Dorner will step down from the board due to family reasons with effect on April 27, at the conclusion of the annual general meeting.
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RS Group CEO Lindsley Ruth to Step Down for Personal Reasons
RS Group PLC said Friday that Chief Executive Officer Lindsley Ruth is stepping down from his role with immediate effect due to personal reasons.
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Hollywood Bowl Posts FY 2022 Pretax Profit Beat, Raises Dividend
Hollywood Bowl Group PLC on Friday reported a huge rise in its pretax profit for the full year as strong customer leisure demand boosted its revenue and exceeded prepandemic levels.
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Rank Group's Five-Month Revenue Slightly Rose Supported by Spanish Business
Rank Group PLC said Friday that its like-for-like net gaming revenue, or NGR, slightly rose in the five months of fiscal 2023 supported by its Spanish business.
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Fulham Shore 1H Pretax Profit Fell Amid Higher Costs
Fulham Shore PLC said Friday that pretax profit for first half of fiscal 2023 fell after booking higher costs and despite increased revenue.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
12-16-22 0306ET
