London Stocks Seen Opening Little Changed

London Stocks Seen Opening Little Changed

0645 GMT - The FTSE 100 is expected to open 2.5 points lower, according to IG, having closed on Thursday at 7333.63, as markets await speeches later by Federal Reserve Chairman Jerome Powell and European Central Bank governor Christine Lagarde at the Jackson Hole symposium. "In light of recent market nervousness, investors will particularly scrutinize both speeches to assess whether the FOMC or the ECB's Governing Council will prioritize inflation or the economic outlook," analysts at UniCredit Research say in a note. Traders will be particularly cautious about whether Powell could hint at the possibility of more rate increases. German Ifo data will be watched at 0800 GMT. (jessica.fleetham@wsj.com)

COMPANIES NEWS:

John Lewis Partnership to Hire Over 10,000 New Staff in Coming Months

The John Lewis Partnership is planning to hire more than 10,000 people across the country over the coming months, of which 8,400 are Christmas temporary jobs.

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CMC Markets Warns of Fall in Operating Income Due to Weaker Market Conditions

CMC Markets said net operating income for fiscal 2024 is expected to fall on the back of lower revenue, amid subdued market conditions.

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DWF Group's Pretax Profit Fell on Higher Costs; Halts Dividend Due to Takeover Offer

DWF Group said its pretax profit fell in fiscal 2023 due to a rise in administrative costs, and that it won't declare a dividend due to the proposed takeover offer by Inflexion.

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Kazatomprom Profit Soars on Higher Uranium Prices

NAC Kazatomprom net profit for the first half of 2023 rose sharply on the back of a significant improvement in the uranium market, the company said Friday.

Contact: London NewsPlus, Dow Jones Newswires;

(END) Dow Jones Newswires

August 25, 2023 03:03 ET (07:03 GMT)

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