FTSE 100 open seen slightly higher

FTSE 100 open seen slightly higher

0740 GMT – The FTSE 100 is likely to open slightly higher after a strong close on Wall Street on Friday. IG Futures data shows London index of blue-chip stocks opens 5 points higher. Financial markets appear to have “increasing conviction” that central banks are on the cusp of a significant turnaround in monetary policy later this year, writes CMC Markets analyst Michael Hewson. “As we look ahead to a new week, the focus will once again be on the US economy and this week’s fourth quarter gross domestic product numbers, as well as the December personal spending deflator inflation numbers, due Thursday and Friday .” ([email protected])

Company News:

Barclays appoints John Kingman as Chairman of Barclays Bank UK

Barclays PLC announced on Monday that it had appointed John Kingman as Chairman of Barclays Bank UK, replacing Crawford Gillies, with effect from 1 June.

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Endeavor 2022 Production Reaches High End of Estimates; Appoints new CFO

Endeavor Mining PLC announced on Monday that 2022 gold production has reached the high end of its estimates and appointed Guy Young as its new chief financial officer.

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Dignity agrees to consortium takeover of GBP281m

Dignity PLC announced on Monday that it has agreed to a £281 million ($348.3 million) takeover by Yellow (SPC) Bidco Ltd. has agreed to form a new company owned or controlled by a consortium consisting of SPWOne V Ltd., Castelnau Group Ltd. and Phoenix consists of Vermögensverwaltung Partner AG

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Saga PLC in talks to sell its in-house insurer

Saga PLC said Monday it was in talks to sell its insurance business to reduce its debt.

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Dignity sees 2022 profits falling due to high costs, shift to lower-priced products

Dignity PLC announced on Monday that it expects to report that underlying sales and operating income in 2022 declined from the prior year due to shifts to lower-priced products and increased costs and capital expenditure.

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GD Innovate is raising up to £0.5m to fund development

DG Innovate PLC announced on Monday that it is seeking to raise up to £500,000 ($619,700) via a share subscription and broker option and will use the money for its development.

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tinyBuild sees 2022 sales in line with views

tinyBuild Inc. said Monday that 2022 earnings were in line with expectations and that the board is looking to 2023 with confidence.

Contact: London NewsPlus, Dow Jones Newswires;

(ENDS) Dow Jones Newswires

Jan 23, 2023 3:04 am ET (08:04 GMT)

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