London Stocks Seen Opening Higher0648 GMT - The FTSE 100 is expected to open around 71.7 points higher, according to IG, having closed Thursday at 7551.81, reversing some of the previous day's falls and catching up with late gains in U.S. stocks. Defensive stocks have outperformed recently as investors are unwilling to buy bonds but are too concerned about the economic outlook to buy cyclical stocks, Danske says. ---Sound Energy No Longer Plans Merger With Angus EnergySound Energy PLC said Friday that it no longer plans to make an offer for Angus Energy PLC following a due diligence review, and after careful consideration. ---Zephyr Energy Says 1Q Williston Basin Production Beat Expectations -- Energy CommentZephyr Energy PLC said Friday that first-quarter hydrocarbon production from its new Williston-Basin assets in North Dakota was ahead of expectations. Contact: London NewsPlus; paul.larkins@wsj.com(END) Dow Jones NewswiresApril 08, 2022 03:09 ET (07:09 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal April 08, 2022 07:13 UTC