London Stocks Seen Opening Lower

0759 GMT - The FTSE 100 index is expected to open 27 points lower, according to IG, having closed on Wednesday at 7497.19, tracking falls in Asia as investors grow nervous about China's reopening and remain concerned about inflation and likely further interest-rate rises. "The bad news with China's reopening is that it will not only boost global growth, but also energy and commodity prices - hence inflation, the interest rate hikes from central banks and potentially the global Covid cases - which could then give birth to a new, and a dangerous Covid variant, which would, in return, bring the restrictive Covid measures back on the table, and hammer growth," says Swissquote analyst Ipek Ozkardeskaya in a note. (jessica.fleetham@wsj.com) 


 
Companies News:

Allergy Therapeutics' Shares to Be Halted Jan 3 Due to FY 2022 Accounts Delay

Allergy Therapeutics PLC said Thursday that trading in its shares will be suspended on Jan. 3 due to a delay in completing the audit for its fiscal 2022 accounts, which won't be published by the Dec. 31 deadline.

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Kazera Global Delays FY 2022 Results, Shares to be Suspended

Kazera Global PLC on Thursday said it is pushing back the publication of its results for fiscal 2022 and that its shares will be suspended from Tuesday.

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PRS REIT Gets Extension to GBP150 Mln Credit Facility

PRS REIT PLC said Thursday that it has agreed to an extension to its 150 million pound ($180.3 million) credit facility with Lloyds/RBS, providing it with extra time and flexibility to explore its funding options.

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Ferrexpo Aware Owner Kostyantin Zhevago Detained by French Authorities

Ferrexpo PLC said on Thursday that it is aware its Nonexecutive Director Kostyantin Zhevago has been detained by the French authorities in France.

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Bidstack Group Managing Director Francesco Petruzzelli Resigns

Bidstack Group PLC said Thursday that Managing Director Francesco Petruzzelli is resigning from his role and from the board.


Contact: London NewsPlus; paul.larkins@wsj.com

(END) Dow Jones Newswires

12-29-22 0316ET