TI Fluid Systems FY results seen in line, Halma announces two acquisitions
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The FTSE 100 was called to open 89 points lower at 7,496.
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TI Fluid Systems said results for the year to the end of December are set to be in line with the expectations set out in its first-half results in August.
The group expects to report revenue of about €3.4bn. At constant currency, the revenue performance is expected to exceed global light vehicle production in excess of 2%, it said.
Halma announced the acquisition of US synthetic bone graft products maker NovaBone and Australia-based FireMate, which provides cloud-based fire protection maintenance software to fire contractors.
Newspaper round-up
Ministers will pledge to reopen closed rail lines in the north this week as the government prepares to renationalise the failed Northern franchise. The promise of hundreds of millions in investment to restore some lines axed in the Beeching closures in the early 1960s will come at about the same time as the expected announcement of the termination of the Northern franchise, operated by Arriva. – Guardian
A £30bn British pension fund has threatened to sack investment managers that do not take action on the climate crisis, criticising the sector as “not fit for purpose”. Brunel Pension Partnership, which manages pension money for nine councils in south-west England as well as for the Environment Agency, said it would review the mandates of asset managers that don’t reduce exposure to climate risk by 2022. – Guardian
Trade groups have been invited to hold their first consultations on the future EU-UK trade deal, The Telegraph has learned, amid rising fears among industry that ideology will trump practical considerations in the coming talks. With less than five weeks to go before formal negotiations open in Brussels in early March, interviews with eight major business lobby groups by The Telegraph have revealed widely shared concerns about the Government’s grasp of critical details of the negotiation. Telegraph
US close
On Friday, the Dow Jones Industrial Average closed down 0.6% at 28,989.73, the S&P 500 ended 0.9% lower at 3,295.47 and the Nasdaq fell 0.9% to 9,314.91.