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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Entain PLC | 609.4 | 4.8% |
| Berkeley Group Holdings (The) PLC | 5,315.0 | 3.6% |
| Persimmon PLC | 1,662.5 | 3.3% |
| Taylor Wimpey PLC | 163.6 | 3.2% |
| Barratt Developments PLC | 543.7 | 2.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Spirax Group PLC | 7520.0 | -1.7% |
| Rio Tinto PLC | 4852.5 | -1.6% |
| Anglo American PLC | 2198.5 | -1.5% |
| Beazley PLC | 727.0 | -1.0% |
| Croda International PLC | 3805.0 | -0.9% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,281 | 0.6% | 12.1% |
| DOW JONES INDUS. AVG | 40,008 | 0.6% | 14.5% |
| DAX INDEX | 17,886 | 0.4% | 13.4% |
| NIKKEI 225 | 36,718 | 0.8% | 13.9% |
| S&P/ASX 200 INDEX | 7,861 | 0.1% | 7.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 77.09 | 0.14% |
| Brent Crude (ICE) | USD/bbl. | 79.83 | 0.09% |
| Gold Spot | USD/t oz. | 2,454 | 0.2% |
| Copper (Comex) | USd/lb. | 409 | 0.4% |
Click graph to enlarge
The UK 100 called to open +8 points at 8,289. The UK 100 looks set to open modestly higher this morning, this comes after data out this morning from the Office of National Statistics showed the UK economy grew 0.6% in the second quarter as the economy’s strong rebound in 2024 continued.
The Dow Jones ticked up yesterday after the release of more encouraging U.S. inflation data. Consumer prices increased 2.9% year-over-year, down from 3% in June and the lowest reading since March 2021. The Dow climbed 242 points, or 0.61%, to end the day at 40,008.39. The S&P inched up 0.38% to close at 5,455.21, marking its fifth straight winning day. The Nasdaq shook off earlier losses to close higher by just 0.03% at 17,192.60.
Asian stocks were stronger this morning, while the dollar remained on the back foot amid lower U.S. Treasury yields after benign consumer inflation data overnight reinforced investor bets for the Federal Reserve to start cutting interest rates next month. Japan’s Nikkei rising 0.5% and Australia’s stock benchmark up 0.1%. Mainland Chinese blue chips added 0.4%, although Hong Kong’s Hang Seng slipped 0.3%.
Admiral Group posted a better than expected 32% rise in H1 pretax profit to £310m, led by strong UK motor performance. This was slightly ahead of the £304m forecast by average analyst estimates. They will pay an interim dividend of 71p per share, made up of a normal dividend of 51.3p and a special dividend of 19.7p.
OSB Group announce a £50m share repurchase programme as their underlying net interest margin is expected to be in the range of 2.3-2.4% for the FY.
RBC Upgrades DCC to Outperform from Sector Perform (9 Buys / 2 Holds / 0 Sells)
UK
Admiral Group
Diversified Energy Company
Empiric Student Property
OSB Group
US
Deere & Co
JD.com
Walmart
Applied Materials
UK
Bank of Georgia Group*
Pershing Square Holdings*
Temple Bar Investment Trust*
US
None
Chinese Industrial Production
Chinese Retail Sales
UK Gross Domestic Product
UK Industrial Production
UK Manufacturing Production
US Initial Jobless Claims
US Retail Sales
US Industrial Production
Fed’s Harker speech
UK 100 companies going ex-dividend on 15th August 2024:
Rio Tinto
Entain
Anglo American
Hikma Pharmaceuticals
Barclays
HSBC Holdings
GSK
Shell
Haleon
London Stock Exchange Group
Pershing Square Holdings
UK 250 companies going ex-dividend on 15th August 2024:
Chemring Group
ICG Enterprise Trust
Greencoat UK Wind
Murray Income Trust
Elementis
abrdn
Rotork
Target Healthcare REIT
Keller Group
Domino’s Pizza Group
Renewables Infrastructure Group
Hiscox
4imprint Group
Impax Environmental Markets
Balanced Commercial Property Trust
Lancashire Holdings
Tritax EuroBox GBP
NextEnergy Solar Fund
Harbour Energy
TI Fluid Systems
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