FTSE 100 Seen Falling as Asia Stocks Drop, Oil Rises
The FTSE 100 is expected to open 130 points lower at 6857, according to CMC Markets, after downbeat trading in Asia. Markets in mainland China, Hong Kong and Japan fall and the price of a barrel of Brent crude rises 9% to $128.9 amid reports that the U.S. could ban Russian oil imports. "This news has prompted oil prices to surge even further this morning and in turn markets in Asia to slide sharply as concerns over demand destruction and a global recession increase," CMC says. "Consequently, markets here in Europe look set to face further pressure this morning with further sharp declines."
Companies News:
Intermediate Capital Chmn Evan Mervyn Davies Steps Down; Andrew Sykes Appointed Interim Chmn
Intermediate Capital Group PLC said late Friday that Chairman Evan Mervyn Davies had stepped down from the board with immediate effect, and that Andrew Sykes, a senior independent director, has been appointed interim chairman.
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EN+ Group Starts Review of RUSAL's Business
EN+ Group International PJSC said Monday that it is reviewing its strategy in relation to its listed subsidiary UC RUSAL PLC, a manufacturer of low-carbon aluminum.
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Spectris Ends Takeover Talks of Oxford Instruments Due to Ukraine Crisis
Spectris PLC said Monday that it has terminated discussions for the takeover of Oxford Instruments PLC due to the Russia/Ukraine crisis.
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Sheikh Holdings Is Mulling Takeover Proposal for CareTech Holdings
Sheikh Holdings Group (Investments) Ltd. said Monday that it is considering a possible offer for social-care and education-services provider CareTech Holdings PLC.
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Cindrigo Suspends Waste-to-Energy Project in Ukraine
Cindrigo Holdings Ltd. said Monday that it has suspended its waste-to-energy project in Kyiv because of the Russia-Ukraine crisis.
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Clarkson's 2021 Pretax Profit Rose Amid Record-High Performance
Clarkson PLC reported on Monday a significant rise in pretax profit for 2021 and said it closed the year with a record-high set of results.
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Cadogan Petroleum Temporarily Suspends Operations in Ukraine
Cadogan Petroleum PLC said Monday that it has temporarily suspended its production in Ukraine.
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MTI Wireless 2021 Pretax Profit Marginally Slips on Higher Costs
MTI Wireless Edge Ltd. said Monday that 2021 pretax profit slipped marginally after it booked higher sales costs, and that the first two months of 2022 have started well.
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Blackbird 2021 Pretax Loss Widened on Higher Costs; Says Had Strong Financial Start to 2022
Blackbird PLC said Monday that its 2021 pretax loss widened after booking higher costs, and that it has started 2022 in a very strong financial position.
Contact: London NewsPlus, Dow Jones Newswires; Write to Sarka Halas at sarka.halas@wsj.com
(END) Dow Jones Newswires
03-07-22 0304ET
