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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Johnson Matthey PLC | 1,783.0 | 3.8% |
| Segro PLC | 728.4 | 1.9% |
| B&M European Value Retail S.A. | 558.0 | 1.9% |
| Sage Group PLC | 991.0 | 1.9% |
| Land Securities Group PLC | 585.6 | 1.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Burberry Group PLC | 2,094.0 | -4.3% |
| International Consolidated Airlines Group S.A. | 155.4 | -2.7% |
| Abrdn PLC | 157.6 | -2.2% |
| Prudential PLC | 934.4 | -2.1% |
| St. James’s Place PLC | 857.2 | -1.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,424 | -0.2% | 1.4% |
| DOW JONES INDUS. AVG | 34,420 | -0.6% | 10.5% |
| DAX INDEX | 15,740 | -0.2% | 22.0% |
| NIKKEI 225 | 33,241 | 0.6% | 21.2% |
| S&P/ASX 200 INDEX | 7,257 | -0.8% | 7.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 86.28 | -0.47% |
| Brent Crude (ICE) | USD/bbl. | 89.49 | -0.61% |
| Gold Spot | USD/t oz. | 1,917 | -0.5% |
| Copper (Comex) | USd/lb. | 379 | -1.5% |
Click graph to enlarge
The UK 100 called to open -31 points at 7,395. The UK 100 is expected to make a weak start to the day following falls in New York and Asia. US markets weakened after a strong services sector reading, boosted hopes for an economic soft landing, meaning interest rates may stay higher, for longer. The Dow Jones closed down 0.6%, the S&P 500 fell 0.7% and the Nasdaq eased 1.1%. Asian markets were also in the red. China’s exports and imports fell again in August, data showed, as the world’s second-largest economy struggles with sluggish global demand and a wider slowdown.
Beazley posted a modest uptick in H1 pretax profit to a record $366m, helped by its U.S. property and European cyber businesses. They remain on track to deliver FY growth and combined ratio guidance.
British American Tobacco have entered into an agreement to sell its Russian and Belarusian businesses.
Direct Line Insurance Group swung to a loss in H1 and reiterated that profit for the year will continue to be adversely affected due to higher motor insurance claims. They reported a H1 loss of £78.3m, compared with a profit of £197m last year.
Jet2 says their summer seat capacity came in at 15.3m seats, up 7.3% from the previous summer.
Playtech are on track for a 2023 adjusted EBITDA to be “slightly ahead of current expectations”.
HSBC Upgrades Moneysupermarket.com to Buy from Hold (4 Buys / 4 Holds / 1 Sell)
RPT/RBC Upgrades ConvaTec to Outperform from Sector Perform (10 Buys / 4 Holds / 0 Sells)
UK
Beazley
Direct Line Insurance Group
Genus
Hilton Food Group
International Public Partnership
Playtech
Safestore Holdings
US
DocuSign
UK
Computacenter
US
None
Chinese Exports
Chinese Imports
Chinese Trade Balance
German Industrial Production n.s.a. w.d.a.
BoE Monetary Policy Report Hearings
EU Employment Change
EU Gross Domestic Product s.a.
US Challenger Job Cuts
US Initial Jobless Claims
US Nonfarm Productivity
US Unit Labor Costs
Japanese Labor Cash Earnings
Japanese Current Account n.s.a.
Japanese Gross Domestic Product
UK 100 companies going ex-dividend on 7th September 2023:
Smith (DS)
Admiral Group
Prudential
UK 250 companies going ex-dividend on 7th September 2023:
Harbour Energy
TBC Bank Group
CLS Holdings
Derwent London
BlackRock World Mining Trust
Empiric Student Property
Serco Group
Baltic Classifieds Group
Greggs
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