FTSE 100 Seen Opening Lower After Wall Street Retreats

0737 GMT - The FTSE 100 is expected to open lower following losses on Wall Street overnight after weak U.S. data fuelled recession fears. IG futures data show the London index of blue-chip stocks opening down 47 points. "Last night's weaker U.S. close looks set to translate into a lower European open," CMC Markets analyst Michael Hewson writes. "U.S. markets initially started the day on the front foot until a double punch of weak data saw yields slide sharply on both the short and long end, prompting concerns that U.S. economic activity was being impacted by the lagging effects of multiple rate hikes," he says. Wednesday's U.S. data on retail sales and industrial and manufacturing output came in worse than expected. (renae.dyer@wsj.com) 


 
Companies News:

Sage Group 1Q Growth Met Expectations; Backs FY 2023 Guidance

Sage Group PLC said Thursday that growth was in line with expectations in the first quarter of fiscal 2023 and it backed its guidance for the full year.

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Harbour Energy Sees 2022 Ebitdax Increase on Robust Production

Harbour Energy PLC said Thursday that it expects to nearly double its Ebitdax for 2022 after achieving a production for the year at the top end of its guidance amid lower costs.

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Informa Expects to Beat 2022 Revenue, Adjusted Operating Profit Guidance

Informa PLC said Thursday that it expects to report higher revenue and adjusted operating profit for 2022 and to beat its previous guidance, after a strong performance which has continued into this year.

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Melrose Industries' Demerging Business Beat Its 2022 Expectations

Melrose Industries PLC said Thursday that its combined automotive, powder metallurgy and hydrogen businesses--set to be spun off--exceeded its expectations in 2022, with a combined rise in revenue and operating profit.

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Deliveroo 4Q Gross Transaction Value Grew 6%; 2H Adjusted Ebitda Was Breakeven

Deliveroo PLC said Thursday that fourth-quarter gross transaction value, or GTV, growth was 6% year-on-year, and that adjusted Ebitda in the second half was approximately breakeven for all operations.

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Boohoo Sees FY 2023 Revenue, Adjusted Ebitda Decline in Line With Market Views

Boohoo Group PLC said Thursday that it expects adjusted Ebitda for fiscal 2023 to be in line with market expectations following a revenue fall in the four months ended December.


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01-19-23 0304ET