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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Next PLC | 9,830.0 | 8.3% |
| Rolls-Royce Holdings PLC | 481.1 | 7.0% |
| Smith & Nephew PLC | 1,199.0 | 6.8% |
| London Stock Exchange Group PLC | 9,852.0 | 4.0% |
| Haleon PLC | 358.0 | 2.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Melrose Industries PLC | 515.0 | -12.5% |
| Schroders PLC | 354.6 | -9.7% |
| Natwest Group PLC | 338.4 | -8.1% |
| HSBC Holdings PLC | 658.5 | -6.5% |
| Standard Chartered PLC | 721.4 | -6.0% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,283 | -1.0% | 9.5% |
| DOW JONES INDUS. AVG | 40,348 | -1.2% | 14.4% |
| DAX INDEX | 18,083 | -2.3% | 12.9% |
| NIKKEI 225 | 35,910 | -5.8% | 9.8% |
| S&P/ASX 200 INDEX | 7,943 | -2.1% | 8.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 76.92 | 0.80% |
| Brent Crude (ICE) | USD/bbl. | 80.13 | 0.77% |
| Gold Spot | USD/t oz. | 2,467 | 0.9% |
| Copper (Comex) | USd/lb. | 410 | 0.5% |
Click graph to enlarge
The UK 100 called to open -50 points at 8,233. The UK 100 looks set to open lower again this morning, extending losses from yesterday afternoon, as concerns resurfaced about the potential of a recession in the US as some commentators believe the Federal Reserve may have left it too late to begin cutting interest rates, despite outlining a possible road map to cut in September. The decline comes despite the Bank of England cutting interest rates yesterday. The Dow Jones dropped 494.82 points, or 1.21%, to end at 40,347.97. At its session lows, the 30-stock index lost 744.22 points, or about 1.8%. The S&P shed 1.37% to end at 5,446.68, while the Nasdaq slipped 2.3% to 17,194.15.
GSK celebrates US FDA backing for expanded use of cancer drug Jemperli.
IAG have terminated the proposed takeover of Spain’s Air Europa citing regulatory environment concerns. They reported a net profit of 906.1m euros, down from 922m euros a year ago. They reported an operating profit of 1,309m euros, 49m euros ahead of H1 2023 with a free cash flow of 3.2bn euros.
Intertek have announced an interim dividend of 53.9p as they expect a strong H2 in 2024.
Prudential reported a rise in Q2 adjusted profit at its US unit was boosted by stronger underwriting and higher investment returns.
Virgin Money report that their Q3 2024 customer lending was down 0.7% to £72bn and customer deposits were up 3.8% to £69.8bn. Their net interest margin came in slightly lower YoY at 1.89%. They expect 5-10% growth FY in target business/unsecured lending segments.
Exane BNP Downgrades Hammerson to Neutral (1 Buy / 4 Holds / 3 Sells)
Peel Hunt Downgrades Man Group to Add from Buy (8 Buys / 3 Holds / 1 Sell)
UK
International Consolidated Airlines Group
Intertek Group
Virgin Money UK
US
Chevron
Exxon Mobil
AMC Entertainment
UK
Clarkson
Senior
US
Lucid Group
Palantir Technologies
BoE’s Pill speech
US Average Hourly Earnings
US Nonfarm Payrolls
US Unemployment Rate
US Factory Orders
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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