FTSE 100 Seen Opening Higher on First Trading Session of 2023
0745 GMT - The FTSE 100 is expected to open 26 points higher on the first trading session of 2023 for London stocks, according to IG. The London stock market was closed Monday but other European stock markets were open, ending the session higher. "Trading in European markets was rather optimistic on the first trading day of the year, as European natural gas futures eased on mild weather," Swissquote Bank analyst Ipek Ozkardeskaya writes. The first week of the year will be marked with important data and events, which might give markets direction after weeks of slow trading, including the Federal Reserve's latest meeting minutes on Wednesday and the U.S. nonfarm payrolls report on Friday, she says. (renae.dyer@wsj.com)
Companies News:
Pathfinder Minerals to Raise GBP500,000 via Placing for Working Capital, Loan Repayment
Pathfinder Minerals PLC said Tuesday that it will raise 500,000 pounds ($602,400) via a placing, with the proceeds to be used toward general working capital purposes and the repayment of a loan.
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MetalNRG Former Director Drops Legal Proceedings
MetalNRG PLC said Tuesday that former director Pierpaolo Rocco has withdrawn legal proceedings against the company and directors, having previously claimed unfair prejudice.
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Cineworld Isn't in Talks With AMC Entertainment Holdings
Cineworld Group PLC said Tuesday that neither the company nor its advisors are in talks with AMC Entertainment Holdings Inc. regarding the sale of its cinema assets.
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MGC Pharmaceuticals Management Agrees Fee Cut After Strategic Review
MGC Pharmaceuticals Ltd. said Tuesday that it has agreed to cut director fees to reduce costs as part of a strategic review of its business and operations.
Contact: London NewsPlus, Dow Jones Newswires;
(END) Dow Jones Newswires
01-03-23 0302ET
