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FTSE 100 touches five-month closing high on optimism over rate cuts

UPDATE 1-FTSE 100 touches five-month closing high on optimism over rate cuts FTSE 100 up 0.7%, FTSE 250 climbs 0.6% ECB cuts rate as expected Rentokil climbs on N.America overhaul plans Updated at 1650 GMT By Pranav Kashyap and Sruthi Shankar Oct 17 (Reuters) - The UK's FTSE 100 closed at a near five-month high on Thursday, as pest control group Rentokil announced an overhaul of its struggling North America business, while investors continued to bet on further policy easing by the Bank of Englan
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UK Stocks-Factors to watch on Oct 17

UPDATE 1-UK Stocks-Factors to watch on Oct 17 Adds new items, updates futures Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0 .1%. * ENTAIN: British gambling group Entain ENT.L raised its 2024 net gaming revenue outlook and said it now expects core profit for the year to be towards the top end of the 1 billion pound ($1.30 billion) to 1.1 billion pound range.
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UK Stocks-Factors to watch on Oct 17

UK Stocks-Factors to watch on Oct 17 Oct 17 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.17%. * ZEGONA COMMUNICATIONS: Zegona Communications ZEG.L is considering terminating a long-term contract with telecom network provider Vantage Towers over prices charged by the Germany-based company, Bloomberg News reported on Wednesday.
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Smiths Detection Awarded Service Subcontract

BRIEF-Smiths Detection Awarded Service Subcontract Smiths Group PLC SMIN.L : SMITHS DETECTION AWARDED SERVICE SUBCONTRACT Source text for Eikon: ID:nBwxm0n8a Further company coverage: SMIN.L
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds Vitru, Sanofi, London Stock Exchange Group, Warburg Pincus and Macquarie Group; Updates Smartsheet Sept 24 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1930 GMT on Tuesday: * * Brazilian education firm Vitru VTRU3.SA hired banks UBS BB and Itau BBA to find a potential buyer or a firm interested in merging their businesses, newspaper Valor Economico reported, citing sources.
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London's FTSE 100 climbs on China stimulus boost

UPDATE 1-London's FTSE 100 climbs on China stimulus boost For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 adds 0.3%, FTSE 250 off 0.4% Miners jump after China stimulus measures BoE's Bailey: rates heading downwards gradually Updated at 1550 GMT By Lisa Pauline Mattackal and Shubham Batra Sept 24 (Reuters) - The UK's FTSE 100 rose on Tuesday as markets cheered fresh stimulus measures in China that lifted shares of miners and luxu
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Blackstone, Diamondback Energy, Commerzbank, Octopus Energy Sept 24 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 1330 GMT on Tuesday: ** Buyout firms Vista Equity Partners and Blackstone BX.N will purchase collaboration-software maker Smartsheet SMAR.N for $8.4 billion in one of the largest take-private deals this year, the companies said.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Sept 24 (Reuters) - The following bids, mergers, acquisitions, and disposals were reported by 0930 GMT on Tuesday: ** KKR & Co KKR.N and Singaporean sovereign wealth fund GIC have appointed Bank of America BAC.N , Jefferies JEF.N , and UBS UBSG.S to sell their majority stake in the Philippines' Metro Pacific Health in a deal that could value the company at $3.2 billion, three people with knowledge of the matter said.
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European shares end higher as markets cheer China's stimulus plans

UPDATE 2-European shares end higher as markets cheer China's stimulus plans For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window STOXX 600 up 0.7% Luxury stocks shine on China's stimulus UK's Smiths Group down after annual profit miss Sweden's Saab falls after BofA downgrade Updated at 1600 GMT By Pranav Kashyap and Shashwat Chauhan Sept 24 (Reuters) - European shares ended higher on Tuesday, with China-exposed firms such as luxury giants and
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UK's Smiths Group falls on annual profit miss

BUZZ-UK's Smiths Group falls on annual profit miss ** Shares of Smiths Group Plc SMIN.L fall as much as 7% to 1,691p, stock top pct loser on FTSE 100 .FTSE index ** The UK engineering firm posts a miss in its annual profit, hurt by a sluggish US construction market and subdued demand for its heating, ventilation and air conditioning products ** Hea
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UK engineering firm Smiths misses profit view on weak demand, shares dip

UPDATE 3-UK engineering firm Smiths misses profit view on weak demand, shares dip Full year operating profit 526 mln stg vs forecast 535 mln Acquires two North American firms for 110 mln pounds Shares drop as much as 8% Adds CFO quote in paragraphs 3 and 5, details in paragraph 11 By Yamini Kalia Sept 24 (Reuters) - British engineering company Smiths Group SMIN.L missed on Tuesday annual profit expectations, hurt by subdued demand for its heating, ventilation and air conditioning products, and s
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BP, Essentra, OMV

EUROPE RESEARCH ROUNDUP- BP, Essentra, OMV Sept 24 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including BP Plc, Essentra Plc and OMV on Tuesday. HIGHLIGHTS * BP Plc BP.L : Jefferies cuts target price to 540p from 590p * Essentra Plc ESNT.L : Berenberg cuts target price to 200p from 255p * Energean Plc ENOG.L : Morgan Stanley cuts to equal weight from overweight * OMV AG OMVV.VI : JP Morgan raises to overweight from neutral * Saab AB SAAB
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Smiths Group Sees FY2025 Organic Revenue Growth Of 4-6%

BRIEF-Smiths Group Sees FY2025 Organic Revenue Growth Of 4-6% Sept 24 (Reuters) - Smiths Group PLC SMIN.L : SMITHS GROUP FULL YEAR 24 RESULTS REAFFIRMING MEDIUM-TERM FINANCIAL TARGETS EXPECT FY2025 ORGANIC REVENUE GROWTH OF 4-6% GROUP-WIDE ACCELERATION PLAN TO ENHANCE PROFITABILITY, FOR ONE-OFF COSTS TOTALLING £60-65M IN PERIOD FY2025-FY2026 Sourc
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European shares jump on China stimulus; luxury stocks shine

European shares jump on China stimulus; luxury stocks shine For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Sept 24 (Reuters) - European shares opened higher on Tuesday, as China's sweeping stimulus measures boosted stocks of luxury companies and miners. The pan-European STOXX 600 index .STOXX gained 0.8% to 520.40 points by 0711 GMT, and France's CAC 40 .FCHI rose 1.4%, outperforming its peers.
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Smiths Group Acquires Two North American Companies For Up To 110 Mln Stg

BRIEF-Smiths Group Acquires Two North American Companies For Up To 110 Mln Stg Sept 24 (Reuters) - Smiths Group PLC SMIN.L : SMITHS ANNOUNCES TWO NORTH AMERICAN ACQUISITIONS TO ACQUIRE TWO NORTH AMERICAN COMPANIES FOR UP TO £110M Source text for Eikon: ID:nRSX3272Fa Further company coverage: SMIN.L
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UK Stocks-Factors to watch on Sept 24

CORRECTED-UPDATE 1-UK Stocks-Factors to watch on Sept 24 Corrects Dunelm entry from Sept. 24 to say stake sale is worth 114 million pounds, not 11.4 million pounds Sept 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0 .6%. * SMITHS GROUP: UK engineering firm Smiths Group SMIN.L announced acquisitions of two North American companies for up to 110 million pounds ($146.89 million), and posted a slight miss in its annual profit.
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UK engineer Smiths Group annual profit misses estimates, announces two acquisitions

UK engineer Smiths Group annual profit misses estimates, announces two acquisitions Sept 24 (Reuters) - UK engineering firm Smiths Group SMIN.L announced acquisitions of two North American companies for up to 110 million pounds ($146.89 million) on Tuesday, and posted a slight miss in its annual profit. The company posted headline operating profit of 526 million pounds for the full year ended July 31, below a company-compiled consensus of 535 million pounds.
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UK Stocks-Factors to watch on Sept 24

UK Stocks-Factors to watch on Sept 24 Sept 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Tuesday, with futures FFIc1 up 0.1%. * DUNELM: Will Adderley, the largest shareholder and founder of Dunelm DNLM.L , and his private investment firm intend to sell about 10 million ordinary shares in the British homeware retailer, representing about 4.9% of its issued share capital, a bookrunner said.
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Argenx, Glencore, Volvo Car

EUROPE RESEARCH ROUNDUP- Argenx, Glencore, Volvo Car Aug 23 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Argenx, Glencore and Volvo Car, on Friday. HIGHLIGHTS * Argenx SE ARGX.BR : JP Morgan raises target price to EUR 570 from EUR 470 * Glencore GLEN.L : Morgan Stanley cuts target price to 470p from 480p * Rockwool A/S ROCKb.CO : Morgan Stanley raises PT to DKK 3023 from DKK 2664 * Swiss Re AG SRENH.S : RBC raises target price t
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UK's Senior interim profit rises as Airbus contracts help mitigate Boeing concerns

UPDATE 2-UK's Senior interim profit rises as Airbus contracts help mitigate Boeing concerns H1 profit up 10% Sees mitigating lower Boeing sales in FY Declares interim dividend of 0.75p Rewrites with quotes from CEO call on Airbus, analysts comments, shares By Prerna Bedi Aug 5 (Reuters) - British engineering firm Senior Plc SNR.L posted a 10% rise in first-half profit on Monday as new and extended contracts with Airbus AIR.PA offset production issues with the Boeing BA.N 737 MAX.
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