The FTSE 100 was set to open 13.7 points higher before the bell on Thursday after closing the previous session 0.22% lower at 7,460.63.
Stocks to Watch
media company To come up revealed on Thursday that it had acquired digital-only entertainment publisher WhatCulture.com, operator of data news platform Waive for an undisclosed amount.
Future said the acquisition of WhatCulture strengthened its position in the video market, while the addition of Waive would expand its “Aperture” data platform and improve its data science capabilities.
Play Equipment Manufacturer playtech reported an increase in its annual profits on Thursday as it continued to discuss a takeover with a group of Asia-based investors after Aristocrat Leisure’s bid collapsed earlier in the year.
The FTSE 250-listed company posted adjusted core profit of 317.0 million euros, up 25% year-on-year, on a 12% increase in revenue to 1 .2 billion euros. Playtech, which has 700 employees in Ukraine, also noted there was a risk of disruption to operations as the war with Russia continued.
following cut its full-year profit forecast and expected selling prices would rise 8% in the second half of 2021, as the fashion retailer reported full-year profit more than doubled.
Pre-tax profit jumped 140% to £823.1million in the financial year to January 31 from a year earlier, while group sales rose 34% to 4.86 billion pounds. Next also cut its central annual profit forecast by 1.2% to £850m, with the closure of its websites in Russia and Ukraine and lower forecasts in other overseas markets offsetting a sales performance in UK better than expected.
Some food bank users are refusing items such as potatoes because they cannot afford the energy to boil them, supermarket boss Iceland said, as the soaring cost of living pushes vulnerable groups to the brink of financial abyss. Richard Walker, who says the budget chain’s 1,000 stores are in the “poorest communities in the UK”, also called on the government to help businesses that are forced to dramatically raise prices as their own costs increase considerably. – Guardian
The war in Ukraine will slash economic growth in Britain this year as inflation destroys household budgets and taxes rise, the budget watchdog has warned. The Office of Budget Responsibility issued a series of downward revisions to its forecast after the Chancellor warned that the conflict could “significantly” worsen the economy and public finances. – Telegraph
Rising energy costs threaten to sabotage Boris Johnson’s plans for an electric vehicle revolution, auto industry chiefs have warned. Making electric cars requires large amounts of energy, while higher bills could also deter drivers from switching to gasoline-powered models. – Telegraph
Flexible working is a decisive factor for young employees in the choice of accepting a job or looking for a new one. Search by Kantar revealed that 86% of “Gen Z”, ages 18-24, and 85% of Millennials, ages 25-39, said flexible work-from-home policies are one of the top factors they consider when deciding whether or not to take a job compared to 66% of baby boomers, aged 56-75. The online survey of 7,985 employees in eight countries, including the UK, was conducted in January. – The temperature
The Russian stock exchange was due to reopen early this morning after being closed for nearly a month following the invasion of Ukraine. Trading on the Moscow Stock Exchange has been suspended since late February in a bid to stabilize the market. On Feb. 24, the day of the invasion, the Moex index of major Russian stocks fell an all-time-high 45% as investors rushed to sell their holdings. The index recouped some of those losses the next day – the last session before its close. – The temperature
Close in the United States
Stocks on Wall Street closed lower on Wednesday as oil prices and high bond yields remained the focus.
At the close, the Dow Jones Industrial Average was down 1.29% at 34,258.50, while the S&P 500 was down 1.23% at 4,456.24 and the Nasdaq Composite was down 1.32% at 13,922. ,60.