Ship management company

London stocks rose slightly; Asia, United States Autumn

FTSE 100 Seen up; Asia, United States Autumn

The FTSE 100 is expected to open 11 points higher at 7471, according to CMC Markets, after mostly lower trading in Asia and ahead of more economic data. Stocks in mainland China and Hong Kong are falling and the Dow Jones closed firmly in negative territory on Wednesday, although the Japanese Nikkei gained 0.25%. “We expect a modest rebound at this morning’s European open despite a slightly softer theme in Asia, ahead of the latest overview of economic activity in March and how businesses and consumers are coping with the challenges posed. by the sharp rise in energy prices in the past few weeks, with the latest flash PMI figures, from France, Germany, the UK and the US,” CMC said.

 
Companies News: 

Olam Food Ingredients delays London IPO

Olam Group Ltd. has pushed back the listing of its food and beverage ingredients business on the London Stock Exchange, the company said on Thursday, citing volatile market conditions.

Games Workshop increases its dividends; See online performance

Games Workshop Group PLC said on Thursday that activity in the three months to the end of February met its expectations and declared a dividend of 70 pence (92.4 cents) per share.

Arbuthnot Banking Moved to 2021 Pre-Tax Profit; Take over the dividend

Arbuthnot Banking Group PLC on Thursday reported a shift to pre-tax profit in 2021 due to lower costs after the Asset Alliance integration, and declared a dividend payment.

Next says FY2022 pre-tax profit rose ahead of views but lowers guidance

Next PLC on Thursday reported an increase in pre-tax profit for the 2022 financial year ahead of management views, said it lowered its sales and profit forecast for the 2023 financial year due to the effects of the invasion of the Ukraine by Russia.

Reduction of Kin & Carta’s pre-tax loss in the first half, increase in turnover thanks to strong demand

Kin & Carta PLC said on Thursday that the pre-tax loss for the first half of the 2022 financial year narrowed on the year as revenue rose on strong demand and increased customer spending.

EnQuest moves to 2021 pretax profit on rising revenue amid higher oil prices

EnQuest PLC said on Thursday it shifted to a pre-tax profit on increased revenue as oil prices rose, which was partially offset by lower production.

Bluejay Mining to raise $7 million for Greenland project via discounted equity offering

Bluejay Mining PLC announced on Thursday that it will raise $7 million through a discounted equity offering and use the funds to further develop the Dundas ilmenite project in Greenland, as well as for general corporate purposes. of business.

 
Market Talk: 

Shippers could face pressure as prices on European routes fall

Shipping lines could run the risk of seeing their profits deteriorate amid evidence that some global container ship rates are falling, Nomura said. The bank cites reports from the Daily Cargo news portal that, as of March 18, fares on routes to Europe from China fell below $7,000/TEU for the first time in nine months, this which Nomura says could be due to concerns about slowing consumption in Europe resulting from the Russian-Ukrainian conflict. The report also showed lower fares on routes to South America, while fares to North America remained largely unchanged, Nomura notes. “We caution that since a high percentage of shipments to Europe are at spot prices, such a drop can easily lead to a deterioration in revenue for shipping lines,” the bank said.

 

Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at [email protected]

(END) Dow Jones Newswire

March 24, 2022 03:58 ET (07:58 GMT)

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