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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Haleon PLC | 369.2 | 0.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Melrose Industries PLC | 451.9 | -6.4% |
| Severn Trent PLC | 2499.0 | -5.8% |
| Scottish Mortgage Investment Trust PLC | 768.0 | -5.6% |
| United Utilities Group PLC | 1003.0 | -5.3% |
| Coca-Cola Hbc AG | 2694.0 | -4.9% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,008 | -2.0% | 5.9% |
| DOW JONES INDUS. AVG | 38,703 | -2.6% | 10.4% |
| DAX INDEX | 17,339 | -1.8% | 8.7% |
| NIKKEI 225 | 34,675 | 10.2% | 7.7% |
| S&P/ASX 200 INDEX | 7,681 | 0.4% | 4.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 73.86 | 1.26% |
| Brent Crude (ICE) | USD/bbl. | 77.06 | 1.00% |
| Gold Spot | USD/t oz. | 2,404 | -0.3% |
| Copper (Comex) | USd/lb. | 400 | 0.0% |
Click graph to enlarge
The UK 100 called to open +80 points at 8,088. The UK 100 looks set to rebound this morning, recovering some of yesterdays significant fall, part of a more global rout, which saw stocks across the world fall as concerns of a recession in the worlds largest economy grew. Having seen the largest fall since 1987 the Nikkei in Japan has recovered 10% this morning. Stocks fell sharply on Monday, with the Dow Jones Industrial Average posting its worst day in nearly two years. The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27. The Nasdaq lost 3.43% and closed at 16,200.08, while the S&P 500 slid 3% to end at 5,186.33. The blue-chip Dow and S&P 500 registered their biggest daily losses since September 2022.
GSK PLC has successfully refuted claims that its discontinued heartburn drug Zantac caused cancer after an Illinois jury found that the product was not responsible for plaintiff Carrie Joiner’s colorectal cancer.
Abrdn has reported improved flows and progress on its cost-saving efforts as the fund manager gears up to appoint a new chief executive. The FTSE 250 asset management group, reported net inflows of £800m for the first half of 2024, marking a turnaround from £5.2bn of net outflows seen in the same period last year. Its assets under management and administration rose to £505.9bn from £494.9bn, which Abrdn pinned on “positive market movements and flows”. Abrdn posted an adjusted operating profit of £128m for the six months, compared to £127m a year before.
Building materials supplier Travis Perkins, cut its annual earnings guidance on Tuesday after reporting a 33% decline in first-half profit, weighed down by a subdued British construction sector. Companies linked to the health of the housing sector have been under pressure for more than a year as Britons delay home repair and improvement works in the face of broader economic woes. Travis Perkins forecast annual earnings of about 150 million pounds ($191.4 million), down from its previous projection in a range of 160 million to 180 million pounds.
InterContinental Hotels Group PLC reported an acceleration in revenue growth in the past quarter as improvement in North America helped offset worsening declines in China. The owner of the Holiday Inn, Crown Plaza and Kimpton hotel chains grew revenue per available room (revPAR) 3.0% in the first half of 2024, with 3.2% growth in the second quarter improving from a 2.6% reduction in the first. The Americas grew 3.3% in the second quarter after a 0.3% decline in the first, though US growth is lagging the rest of the continent; Europe, Middle East, Africa and Asia softened to 6.3% from 8.9%, while China reversed to a 7% decline after growth of 2.5% in the first quarter.
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UK
Dominos Pizza Group
Intercontinental Hotels Group
Keller Group
Morgan Advanced Minerals
Rotork
Spirent Communications*
Travis Perkins
abrdn
US
Amgen
Caterpillar Inc
Airbnb
Illumina
Rivian Automotive
Super Micro Computer
Uber Technologies
Upstart Holdings
UK
4imprint Group
Coca-Cola HBC
Ibstock
Legal & General Group
Quilter
TP ICAP
Tritax Big Box REIT
WPP Group
US
Novo Nordisk
Shopify
The Walt Disney Co
Jackson Financial
Occidental Petroleum
German Factory Orders
EU Retail Sales
UK 100 companies going ex-dividend on 8th August 2024:
BT Group
Ashtead Group
Informa
Unilever
AstraZeneca
Rentokil Initial
NatWest Group
IMI
SEGRO
Pearson
BP
Standard Chartered
Fresnillo
Melrose Industries
UK 250 companies going ex-dividend on 8th August 2024:
Monks Investment Trust
Jupiter Fund Management
Man Group
GCP Infrastructure Investments
Aberforth Smaller Companies Trust
Games Workshop Group
Inchcape
Scottish American Investment Company
Vesuvius
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