FTSE 100 to Open Higher But Gains Seen Fragile

FTSE 100 Seen Opening Higher But Gains Could be Fragile

0636 GMT - The FTSE 100 is seen opening higher with spreadbetting firm IG expecting London's top tier stocks index to rise 73 points following a mixed session for Asian equities. "FTSE and European futures hint at a positive start despite escalating tensions in Ukraine after the fall of Lysychansk in the hands of Russians," Swissquote Bank analyst Ipek Ozkardeskaya writes. "So, gains are probably fragile," she says. Meanwhile, the U.S. stock market is closed for the Fourth of July holiday so trading volumes will be lower. (renae.dyer@wsj.com)

 
Companies News:

Palace Capital to Buy Back 2.3 Million Shares for Up to GBP7 Mln

Palace Capital PLC said Monday that it aims to buy back 2.3 million shares in the company for no more than 7 million pounds ($8.5 million).

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Sareum Holdings Says GSK Completes Acquisition of Sierra Oncology

Sareum Holdings PLC said on Monday that GSK PLC has completes the acquisition of Sierra Oncology for US$1.9 billion in cash and therefore will own Sareum's cancer treatment SRA737 license.

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Bigblu's 1H Revenue, Adjusted Ebitda Grew; Trading in Line with Views

Bigblu Broadband PLC said Monday that its performance for the first half of fiscal 2022 was marked by a rise in revenue and adjusted Ebitda, and that it has traded in line with views.

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Spirax-Sarco Engineering in Exclusive Talks to Buy Vulcanic for EUR261.7 Mln

Spirax-Sarco Engineering PLC said Monday that it is in exclusive talks to buy Vulcanic Group from French private equity company Qualium for 261.7 million euros ($272.8 million).

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Palace Capital Says it Will Focus on ESG Strategy, Will Dispose of Industrial Portfolio

Palace Capital PLC said Monday that it is changing its strategy and will refocus to environmental, social, and governance-driven operations.

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H&T Group Buys Swiss Time Services for GBP4.3 Mln

H&T Group PLC said Monday that it has acquired the watch servicing and repair center Swiss Time Services Ltd. for 4.3 million pounds ($5.2 million).

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Ex-KPMG boss Mary O'Connor joins insurer Howden to run new capital advisory business -- Financial News

Mary O'Connor was the first woman to lead a Big Four firm in the UK

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Grafton Group's CEO Gavin Slark to Leave by End 2022

Grafton Group PLC said Monday that its Chief Executive Gavin Slark intends to step down on Dec. 31.