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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Standard Chartered PLC | 775.2 | 6.7% |
| Burberry Group PLC | 764.0 | 3.9% |
| Weir Group PLC | 2,002.0 | 3.7% |
| Endeavour Mining PLC | 1,741.0 | 2.1% |
| Next PLC | 9,064.0 | 2.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Diageo PLC | 2425.0 | -4.8% |
| Convatec Group PLC | 241.0 | -4.3% |
| Entain PLC | 573.2 | -3.9% |
| Croda International PLC | 3985.0 | -2.9% |
| Anglo American PLC | 2273.5 | -2.8% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,274 | -0.2% | 7.5% |
| DOW JONES INDUS. AVG | 40,743 | 0.5% | 14.6% |
| DAX INDEX | 18,411 | 0.5% | 11.9% |
| NIKKEI 225 | 39,129 | 1.6% | 15.7% |
| S&P/ASX 200 INDEX | 8,092 | 1.8% | 8.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 76.09 | 1.82% |
| Brent Crude (ICE) | USD/bbl. | 79.91 | 1.63% |
| Gold Spot | USD/t oz. | 2,420 | 0.4% |
| Copper (Comex) | USd/lb. | 414 | 1.3% |
Click graph to enlarge
The UK 100 called to open +75 points at 8,350. The UK 100 looks set to get off to a fast start today as corporate earnings season continues in full swing. On Wall Street yesterday, the S&P dropped 0.5% and ended the day at 5,436.44, while the Nasdaq closed sharply lower, giving up 1.28% to close at 17,147.42. The Dow Jones however climbed 203.40 points, or 0.5%, to end at 40,743.33. Nvidia shares pulled back by 7%, while Microsoft shed about 0.9%. Tech-related giants Amazon, Meta & Netflix also declined. Focus will now turn to Washington as the Federal Reserve began its latest policy meeting.
GSK have raised their annual profit and sales forecast after strong growth in its cancer and HIV portfolio. They expect their profit for the year to rise between 11-13%, while sales are expected to grow between 7-9%. They reported a H1 pretax profit of £2.85bn, down from £3.89bn YoY.
HSBC reported a slight drop of 0.4% in H1 profit, beating analyst estimates, as its businesses benefited from higher interest rates worldwide while robust growth in its wealth business boosted revenue. They reported a H1 pretax profit of $21.6bn, versus $21.7bn a year earlier. The result compared with $20.5bn of average analyst estimates. They have appointed Jonathan Bingham as interim CFO from September 2nd.
Rio Tinto reported a largely flat HY underlying earnings growth from a year ago as slightly weaker iron prices were partially offset by stable shipments. They reported underlying earnings of $5.8bn, compared with $5.7bn a year ago and consensus of $5.8bn.
Taylor Wimpey expects to scale their annual home build targets towards the upper end of its previous outlook range, as easing mortgage rates boost hopes of a near-term demand recovery after it posted a HY profit slump. They reported a H1 pretax profit of £99.7m.
JP Morgan Upgrades Spectris to Neutral from Underweight (6 Buys / 3 Holds / 1 Sell)
UK
Endeavor Mining*
GSK
HSBC Holdings
Rathbone Brothers
Rio Tinto
Senior*
Shaftesbury Capital
Taylor Wimpey
US
Automatic Data Processing
Boeing
Fiverr International
Mastercard
The Kraft Heinz Co
Takeda Pharmaceutical
ARM Holdings
Etsy
Meta Platforms
Qualcomm Inc
Teladoc Health
UK
BAE Systems
Barclays
Coats Group
Elementis
F&C Investment Trust
Haleon
London Stock Exchange Group
Melrose Industries
Mondi
Next
Pets at Home Group
Rolls-Royce Group
Schroders
Serco Group
Shell
Smith & Nephew
Vesuvius
Wizz Air Holding
US
Ball Corp
Moderna
Roblox
Amazon.com
Apple Inc
Block
Cloudflare
Coinbase Global
Intel Corp
Marathon Digital
MicroStrategy
Snap Inc A
Twilio
Chinese NBS Manufacturing
Chinese NBS Non-Manufacturing PMI
BoJ Interest Rate Decision
BoJ Monetary Policy Statement
BoJ Outlook Report
German Retail Sales
BoJ Press Conference
German Unemployment Rate
EU Core Harmonized Index of Consumer Prices
US ADP Employment Change
US Employment Cost Index
Chicago Purchasing Managers’ Index
US Pending Home Sales
Fed Interest Rate Decision
Fed Monetary Policy Statement
FOMC Press Conference
UK 100 companies going ex-dividend on 1st August 2024:
Reckitt Benckiser Group
Lloyds Banking Group
RELX
UK 250 companies going ex-dividend on1st August 2024:
Telecom Plus
Brunner Investment Trust
MONY Group
BlackRock Throgmorton Trust
Bellevue Healthcare Trust
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