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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Anglo American PLC | 2,516.0 | 5.3% |
| Croda International PLC | 5,930.0 | 4.7% |
| Unilever PLC | 4,207.0 | 4.7% |
| Rio Tinto PLC | 5,407.0 | 4.4% |
| Antofagasta PLC | 1,613.9 | 3.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Compass Group PLC | 2,023.4 | -4.8% |
| Auto Trader Group PLC | 626.3 | -3.6% |
| Associated British Foods PLC | 2,038.0 | -2.5% |
| Ocado Group PLC | 765.6 | -2.5% |
| Flutter Entertainment PLC | 14,940.0 | -2.3% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,692 | 0.2% | 5.3% |
| DOW JONES INDUS. AVG | 35,500 | 0.3% | 10.9% |
| DAX INDEX | 16,212 | 0.1% | 22.7% |
| NIKKEI 225 | 32,683 | -0.1% | 18.2% |
| S&P/ASX 200 INDEX | 7,340 | 0.5% | 7.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 79.62 | 1.12% |
| Brent Crude (ICE) | USD/bbl. | 83.53 | 0.95% |
| Gold Spot | USD/t oz. | 1,963 | 0.4% |
| Copper (Comex) | USd/lb. | 392 | 1.7% |
Click graph to enlarge
The UK 100 called to open -5 point at 7,686. The UK 100 looks set for a modestly lower open as investors await a bumper crop of UK earnings while the US Federal Reserve makes its latest rate call after the market close. On wall Street it was a positive session yesterday, with all three major indices advancing ahead of the US rate call where a 25 basis point rise is reportedly all but nailed on. Results after the closing bell from Microsoft and Alphabet were mixed. Microsoft shares fell although revenue and earnings beat expectations, the company reported a decelerating demand for its cloud computing services to 26% from 27%.
British American Tobacco reported a jump in HY profit supported by higher cigarette prices and fast-growing demand for tobacco alternatives. Profit from operations was up 61.4% to £5.94bn.
GSK raised its FY profit guidance after their Q2 earnings beat expectations, helped by strong sales of its shingles vaccine Shingrix. They now expect EPS growth of 14-17% for the year, up from its earlier expectations of 12-15%.
Lloyds reported higher profit for H1 2023 but undershot analyst expectations, amid pressure on banks to offer a better deal to customers facing a cost-of-living squeeze. They reported a pretax profit of £3.9bn for H1, up on the £3.1bn reported in the prior year but below the £4bn average of analyst forecasts complied by the bank. They increased their interim ordinary dividend to 0.92p per share, +15% on the prior year and equivalent to returning £594m.
NatWest CEO Alison Rose has resigned after she admitted discussing the financial matters of former politician Nigel Farage with a journalist.
Reckitt Benckiser beat Q2 L-f-L net revenue expectations, underpinned by strong performance in its hygiene and health businesses. Their quarterly L-f-L revenue rose 4.1% on a constant currency basis, ahead of the 3.7% growth analysts had expected.
Rio Tinto report that their HY profit has fallen 34% and they have slashed their interim dividend as easing iron ore prices offset an uptick in shipments from Pilbara operations. They reported underlying H1 earnings of $5.7bn, down from $8.63bn YoY and below analyst expectations of $5.85bn.
HSBC Downgrades Glencore to Hold from Buy (8 Buys / 1 Hold / 0 Sells)
UK
Fresnillo
GSK
Lloyds Banking Group
Primary Health Properties
Rathbone Brothers
Reckitt Benckiser Group
Rio Tinto
US
AT&T
Automatic Data Processing
Boeing
CME Group
Coca-Cola
Shopify
Thermo Fisher Scientific
Etsy
Meta Platforms
QuantumScape
ServiceNow Inc
UK
Airtel Africa
Anglo American
BT Group
Barclays
British American Tobacco
Britvic
Centrica
Drax Group
Greencoat UK Wind
Hammerson
ITV
Inchcape
Indivior
Informa
Jupiter Fund Management
Mobico Group
Morgan Advanced Minerals
RELX
RS Group
Rentokil International
Sage Group
Schroders
Segro
Shell
St James’s Place
Vesuvius
US
AbbVie
Bristol-Myers Squibb
Keurig Dr Pepper
Mastercard
McDonald’s Corp
Takeda Pharmaceutical
Amazon.com
Ford Motor Co
Intel Corp
Roku Inc
US New Home Sales Change
Fed Interest Rate Decision
Fed’s Monetary Policy Statement
FOMC Press Conference
UK 100 companies going ex-dividend on 27th July 2023:
SSE
UK 250 companies going ex-dividend on 27th July 2023:
NB Private Equity Partners
QinetiQ Group
Bankers Investment Trust
Monks Investment Trust
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