FTSE 100 Seen Opening Lower as Traders React to Rising US Yields
0743 GMT - The FTSE 100 is expected to open lower following mixed trading in Asia and on Wall Street as higher U.S. Treasury yields hurt global tech stocks. Spreadbetting firm IG expects the London index to drop 16 points at the start of trading. "Rising yields will be a major story of the coming months of course as the Federal Reserve is preparing to end its quantitative easing purchases and hike rates," Swissquote Bank analyst Ipek Ozkardeskaya says. The Fed's latest meeting minutes should shed light on the central bank's plans, she says. The minutes will be published at 1900 GMT.(renae.dyer@wsj.com)
Companies News:
W Resources Cuts 2021 Guidance, Conducts Equity Raise on Issues at Tungsten Mine
W Resources PLC on Wednesday lowered 2021 production guidance and announced an equity raise on the back of operational challenges at its La Parrilla tungsten and tin mine in Spain.
---
UK Watchdog Serves Initial Enforcement Order on NEC Software's Acquisition of Capita Businesses
The U.K. Competition and Markets Authority said Wednesday that it has served an initial enforcement order on the planned acquisition of Capita PLC's Secure Solutions and Services businesses by NEC Software Solutions UK Ltd.
---
Glenveagh Properties Sees Significant Rise in 2021 Revenue
Glenveagh Properties PLC said Wednesday that it expects to report a significant rise in revenue for 2021, driven by a 64% increase in the sale of new homes.
---
Concurrent Technologies Sees 2021 Rev, Profitability Slightly Above Market Views
Concurrent Technologies PLC said Wednesday that it expects to report revenue and profitability slightly above market expectations for 2021, despite continuing component supply-chain challenges.
---
Belvoir Appoints Michelle Brook as Financial Services Director
Belvoir Group PLC said Wednesday that Michelle Brook has been appointed as financial services director with immediate effect.
---
EPE Special Opportunities Stops Share Buybacks
EPE Special Opportunities Ltd. said Wednesday that it doesn't plan to buy back any more of its shares in the market.
---
Northcoders Group Appoints Angela Williams as Chairwoman
Northcoders Group PLC said Wednesday that Angela Williams has been appointed as chairwoman with effect from Jan. 4 following the retirement from the board of Sandy Lindsay.
---
BlueRock Diamonds COO, Subsidiary CEO Steps Down
BlueRock Diamonds PLC said Wednesday that Gus Simbanegavi will step down from the role of chief operating officer and as chief executive of its Kareevlei Mining subsidiary.
Contact: London NewsPlus, Dow Jones Newswires; Dow Jones Newswires; paul.larkins@wsj.com
(END) Dow Jones Newswires
01-05-22 0314ET
