FTSE 100 Live 25 April: Sainsbury's results; PPHE, LSEG update, shares seen seady

07:27 , Graeme Evans Shares in Facebook owner Meta Platforms fell 15% in after-hours trading yesterday, despite first quarter earnings slightly ahead of expectations. The sell-off was driven by disappointing guidance for the current quarter, as well as the company’s increased spending expectations for the year after it forecast capital expenditure between $35 billion and $40 billion. Deutsche Bank said: “All this led to what was in many ways a mirror image of the reaction to Tesla’s results the day before, with Meta’s outlook disappointing relative to lofty expectations that had seen its shares rise 39.4% year-to-date.” 07:13 , Graeme Evans Anglo American shares are likely to surge after the London-listed mining giant confirmed it was reviewing a takeover proposal from Australia’s BHP. Anglo’s interests include copper, platinum group metals, De Beers diamonds and the Woodsmith polyhalite fertiliser mine project in North Yorkshire. It is valued at about £30 billion, having risen 13% in the past month. The FTSE 100, meanwhile, is forecast to open broadly flat in line with the subdued performance for Wall Street benchmarks last night. The lacklustre trading patterns reflected caution ahead of this afternoon’s US GDP reading and after Facebook owner Meta Platforms disappointed with...

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