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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Beazley PLC | 529.5 | 5.1% |
| Intercontinental Hotels Group PLC | 5,796.0 | 2.4% |
| Hiscox LTD | 1,118.0 | 2.1% |
| Admiral Group PLC | 2,148.0 | 1.4% |
| Astrazeneca PLC | 11,038.0 | 1.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Abrdn PLC | 193.0 | -11.7% |
| Fresnillo PLC | 544.2 | -3.4% |
| Melrose Industries PLC | 527.0 | -3.0% |
| Glencore PLC | 444.6 | -2.7% |
| Barclays PLC | 147.1 | -2.5% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,527 | -0.4% | 0.6% |
| DOW JONES INDUS. AVG | 35,133 | -1.0% | 7.0% |
| DAX INDEX | 15,775 | -1.1% | 15.3% |
| NIKKEI 225 | 32,377 | 0.4% | 15.6% |
| S&P/ASX 200 INDEX | 7,311 | 0.0% | 4.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 81.68 | -0.32% |
| Brent Crude (ICE) | USD/bbl. | 85.15 | -0.22% |
| Gold Spot | USD/t oz. | 1,926 | -0.6% |
| Copper (Comex) | USd/lb. | 376 | -2.0% |
Click graph to enlarge
The UK 100 called to open +42 points at 7,566. UK 100 is set to open higher on Wednesday, despite tepid inflation data from China doing little to soothe fears about their growth prospects. China slipped into deflation as consumer prices contracted last month for the first time in more than two years, as slowing domestic spending weighs on the country’s post-COVID economic recovery. Wall Street ended lower on Tuesday with the Dow closing -0.5%, S&P -0.4% and Nasdaq -0.8%. In Asia Tokyo closed -0.4%, Shanghai -0.6% and Hong Kong -0.4%.
Bellway have said that the number of homes they would build in the current fiscal year was expected to “decrease materially” as the housing sector battled a pronounced slowdown spurred by high mortgage rates. They have built 10,945 homes in the fiscal year ended July 31st, slightly down from their guidance of 11,000 units.
Coca-Cola HBC beat their GY profit expectations and lifted their annual revenue target, supported by strong sales and higher prices of its soft drinks. They have forecast organic revenue growth in a mid-teens % for their FY, compared with its prior guidance of 5-6%. They reported a comparable operating profit of 560.7m euros for H1, +21.2% YoY. Analysts had expected a profit of around 521.5m euros.
Flutter Entertainment swings to a H1 pretax profit of £83m from a £51m loss YoY. They state that their H2 has started in line with expectations as they back their FY outlook.
TP ICAP report that their group revenue increased by 1% in HY.
TUI has reported its first post-pandemic profit as they announced their Q3 figures, with underlying earnings before interest and tax at 169m euros as well as 5.3bn euros in revenue. They have also reduced their net debt by 1.1bn euros to 2.2bn euros.
Jefferies Upgrades Domino’s Pizza to Hold from Underperform (3 Buys / 3 Holds / 1 Sell)
UK
4imprint Group
Bellway
CLS Holdings
Coca-Cola HBC AG
Flutter Entertainment
Hill & Smith Holdings
TP ICAP
TUI
US
Illumina
The Walt Disney Co
UK
Allianz Technology Trust
Antofagasta
Derwent London
Entain
Lancashire Holdings
Network International Holdings
OSB Group
Persimmon
Savills
Spirax-Sarco Engineering
TBC Bank Group
Watches of Switzerland Group
US
Alibaba Group
Novo Nordisk
The Trade Desk
Chinese Consumer Price Index
Chinese Producer Price Index
UK 100 companies going ex-dividend on 10th August 2023:
Ashtead Group
Rio Tinto
Barclays
Shell
Informa
SEGRO
Natwest Group
AstraZeneca
Standard Chartered
IMI
Pearson
HSBC Holdings
BP
Fresnillo
UK 250 companies going ex-dividend on 10th August 2023:
Greencoat UK Wind
Vanquis Banking Group
GCP Infrastructure Investments
Impax Environmental Markets
Scottish American Investment Company
Man Group
Domino’s Pizza Group
Renewables Infrastructure Group
Target Healthcare REIT
Spirent Communications
IP Group
Balanced Commercial Property Trust
Tritax Big Box REIT
Hikma Pharmaceuticals
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