The FTSE 100 is called to open 46 points
higher at 7589.
UK Gilt 10 Year Yield 1.071 Spot Gold
$1261.10 -4.87 Brent Crude $50.32 -0.27.
$ per £ 1.2878
€ per £ 1.1479
$ per € 1.1220
U.S. stocks climbed after a slew of
economic data that was mostly better than expected, an announcement by
President Trump that the U.S. will exit the Paris climate accord and a rally in
financial shares that was the best in more than a month.
* S&P 500 up 0.8% to 2,430.06
* Dow Industrials up 136 points to
21,144.18
* Russell 2000 index up 1.9%, the most in 3
months
* Financial stocks rallied in the final
hour of trading to cap the biggest 1-day jump since April 24
PRESS COMMENTARY
• Financial Times: President Donald Trump
has withdrawn the US from the Paris climate accord, prompting widespread
criticism from allies and business leaders as America became one of only three
nations to oppose the 2015 global pact to combat climate change.
• The Times: Britain could be heading for
another property recession, an expert said after figures showed the longest
sustained dip in house prices since the peak of the financial crisis.
COMPANY NEWS
CD&R and SSA Investments announce that
they have sold an aggregate of 125,000,000 ordinary shares in B&M,
representing approximately 12.5% of B&M's issued ordinary share capital, at
a price of 363.4 pence per share raising aggregate gross sale proceeds of
£454.3m.
Inmarsat PLC (ISAT.LN) said it will build
another Global Xpress broadband network communications satellite for $130
million in the next three years. The satellite will cover the Middle East,
Europe and the Indian subcontinent and should be launched in 2019, the company
said.
National Grid announces that it is to
commence its £835 million share buy-back programme to repurchase ordinary
shares in the capital of the Company, expected to be carried out in not less
than two tranches. The sole purpose of the Programme is, as previously
announced, to reduce the share capital of the Company as part of the return of
proceeds to shareholders following the sale of a majority interest in the
Company's UK gas distribution business.
Wendel plans to sell 20m Saint-Gobain
shares, or a stake of about 3.6%, in a private placement through accelerated
bookbuilding, co. says in statement.
GSK and ViiV Healthcare, the specialist HIV
company majority-owned by GSK, submitted for a single-tablet, two-drug regimen
of dolutegravir (Tivicay) and rilpivirine (Edurant) for the maintenance
treatment of HIV-1 infection, GalxoSmithKlein says in statement.
Volvo Cars May Sales Rise 12.2% to 47,247
Vehicles. Source Quilter Cheviot.
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