FTSE 100 Seen Opening Higher as Oil Prices Recover

0745 GMT - The FTSE 100 is seen opening higher as oil prices recover after Saudi Arabia denied a report it was considering an increase in crude output with OPEC and its allies. IG futures data show the FTSE 100 opening up 18 points. "The sharp recovery in oil prices from their lows yesterday looks set to translate into a slightly firmer open, with the main focus set to be on the latest set of U.K. public finances numbers while the OECD is set to publish its latest set of economic outlooks," CMC Markets analyst Michael Hewson writes. U.K. public sector borrowing excluding banks amounted to GBP13.5 billion in October, up GBP4.4 billion from last year, according to the Office for National Statistics. (renae.dyer@wsj.com) 


 
Companies News:

Homeserve 1H Pretax Profit Rose; Brookfield's Takeover Nears Completion

Homeserve PLC on Tuesday reported a rise in pretax profit for the first half of fiscal 2023, driven by a robust performance across its businesses, and said that its acquisition by Brookfield is nearly completed.

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Babcock International 1H Pretax Profit Hit by Higher Costs

Babcock International Group PLC on Tuesday reported a 13% fall in pretax profit for the first half of fiscal 2023 due to higher costs, and backed its guidance to be free cash flow positive in the second half of the year.

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Severn Trent 1H Swung to Net Profit on Cost Controls, Rise in Turnover

Severn Trent PLC on Tuesday reported a swing to a net profit for the first half of the fiscal year, driven by strong cost control and an increase in turnover, reflecting an outperformance in its water business.

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AO World 1H Pretax Loss Widened on Higher Costs

AO World PLC said Tuesday that pretax loss for the first half of fiscal 2023 widened amid higher costs and lower revenue, but added that it made a solid strategic progress to refocus the business on profit and cash generation.

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M Winkworth Expects 2022 Revenue, Pretax Profit to Beat Forecasts

M Winkworth PLC said Tuesday that business conditions have remained strong and that it now expects full-year revenue to exceed management forecasts and profit to be beat market expectations.


Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

11-22-22 0309ET