London stocks to open slightly lower as oil prices fall

London stocks to open slightly lower as oil prices fall

FTSE 100 to open slightly lower as oil prices fall

The FTSE 100 is expected to open slightly lower, with betting firm IG expecting it to drop 5 points. Oil prices are falling after reports that the United States plans to release up to 180 million barrels of oil from its oil reserves in the coming months to help lower crude prices. “It’s good, because OPEC and Russia are likely to stick to their current agreement to gradually increase oil production,” Swissquote Bank analyst Ipek Ozkardeskaya said in a note. Meanwhile, UK economic growth in the fourth quarter increased to 1.3% quarter-on-quarter from a previous estimate of 1.0% and separate data showed the UK’s current account deficit UK shrank to £7.3bn in the fourth quarter from £28.9bn previously. .

 
Companies News: 

Mears Group moves to 2021 pre-tax profit on higher revenue

Mears Group PLC said on Thursday it had moved to profit before tax in 2021 as its revenues grew, and its performance in 2022 was currently in line with the board’s expectations.

City of London Group’s Recognize Bank secures £100m loans and £95m deposits

City of London Group PLC said on Thursday that Recognize Bank Ltd. had provided 100 million pounds ($131.3 million) in loans to UK small and medium-sized businesses in the six months since September when it was granted a full banking license.

Provident Financial Moves to 2021 Pretax Earnings; Resumes payment of dividends

Provident Financial PLC on Thursday reported a return to pre-tax profit for 2021 on the back of a positive macroeconomic environment as the company rebuilds its business with the launch of its personal loans business and the closure of the consumer finance division, but it was below market consensus.

Reduction of Sportech’s pre-tax loss in 2021 thanks to the resumption of trading

Sportech PLC said on Thursday its pre-tax loss for 2021 narrowed significantly on higher revenues as 2020 was impacted by tight Covid-19 restrictions.

Royal Bank of Canada to Buy Brewin Dolphin for $2.1 Billion – Update

Brewin Dolphin Holdings PLC said on Thursday it agreed to a 1.6 billion pound ($2.10 billion) takeover by Royal Bank of Canada after it was hit by the effects of Russia’s invasion of Ukraine .

James Halstead 2021 earnings fell slightly

James Halstead PLC reported a slight decline in 2021 pre-tax profit on Thursday, noting that rising prices did not appear to have dampened demand, with sales increasing in February and March.

Emmerson says Khemisset potash project financing talks are progressing well

Emmerson PLC said on Thursday discussions on financing its Khemisset potash project in Morocco progressed well in the first quarter of 2021.

Euromoney Institutional Investor On Track To Meet Fiscal 2022 Expectations

Euromoney Institutional Investor PLC said on Thursday that its first-half performance was encouraging and that it continues to be well placed to report full-year 2022 results in line with the board’s expectations.

Mears Group moves to 2021 pre-tax profit on higher revenue

Mears Group PLC said on Thursday it had moved to profit before tax in 2021 as its revenues grew, and its performance in 2022 was currently in line with the board’s expectations.

City of London Group’s Recognize Bank secures £100m loans and £95m deposits

City of London Group PLC said on Thursday that Recognize Bank Ltd. had provided 100 million pounds ($131.3 million) in loans to UK small and medium-sized businesses in the six months since September when it was granted a full banking license.

Provident Financial Moves to 2021 Pretax Earnings; Resumes payment of dividends

Provident Financial PLC on Thursday reported a return to pre-tax profit for 2021 on the back of a positive macroeconomic environment as the company rebuilds its business with the launch of its personal loans business and the closure of the consumer finance division, but it was below market consensus.

Reduction of Sportech’s pre-tax loss in 2021 thanks to the resumption of trading

Sportech PLC said on Thursday its pre-tax loss for 2021 narrowed significantly on higher revenues as 2020 was impacted by tight Covid-19 restrictions.

Royal Bank of Canada to Buy Brewin Dolphin for $2.1 Billion – Update

Brewin Dolphin Holdings PLC said on Thursday it agreed to a 1.6 billion pound ($2.10 billion) takeover by Royal Bank of Canada after it was hit by the effects of Russia’s invasion of Ukraine .

James Halstead 2021 earnings fell slightly

James Halstead PLC reported a slight decline in 2021 pre-tax profit on Thursday, noting that rising prices did not appear to have dampened demand, with sales increasing in February and March.

Emmerson says Khemisset potash project financing talks are progressing well

Emmerson PLC said on Thursday discussions on financing its Khemisset potash project in Morocco progressed well in the first quarter of 2021.

Euromoney Institutional Investor On Track To Meet Fiscal 2022 Expectations

Euromoney Institutional Investor PLC said on Thursday that its first-half performance was encouraging and that it continues to be well placed to report full-year 2022 results in line with the board’s expectations.

 

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com

(END) Dow Jones Newswire

March 31, 2022 03:09 ET (07:09 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

Leave a Comment