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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| JD Sports Fashion PLC | 128.0 | 3.9% |
| Airtel Africa PLC | 113.6 | 3.5% |
| Segro PLC | 913.0 | 2.4% |
| 3I Group PLC | 3,092.0 | 2.1% |
| Natwest Group PLC | 368.3 | 1.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Reckitt Benckiser Group PLC | 4060.4 | -9.5% |
| Entain PLC | 596.6 | -8.1% |
| International Consolidated Airlines Group S.A. | 164.1 | -1.9% |
| Anglo American PLC | 2339.5 | -1.7% |
| Burberry Group PLC | 735.6 | -1.6% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,292 | 0.1% | 7.8% |
| DOW JONES INDUS. AVG | 40,578 | 0.0% | 14.2% |
| DAX INDEX | 18,321 | -0.5% | 11.2% |
| NIKKEI 225 | 38,469 | 2.1% | 17.4% |
| S&P/ASX 200 INDEX | 7,990 | 0.9% | 7.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 75.51 | -2.14% |
| Brent Crude (ICE) | USD/bbl. | 79.44 | -2.08% |
| Gold Spot | USD/t oz. | 2,378 | -0.4% |
| Copper (Comex) | USd/lb. | 409 | -0.8% |
Click graph to enlarge
The UK 100 called to open -19 points at 8,273. The UK 100 looks set to open marginally lower this morning, this follows an initially strong trading session yesterday which somewhat fizzled out towards the close as UK Chancellor, Rachel Reeves aanouced a series of spending cuts to address the £22bn funding shortfall. The S&P 500 ticked higher Monday as Wall Street geared up for a busy week of corporate earnings and looked ahead to a key policy announcement from the U.S. central bank. The broad market index gained 0.08%, closing at 5,463.54, and the Nasdaq advanced 0.07% to end at 17,370.20. The Dow Jones lost 49.41 points, or 0.12%, and closed at 40,539.93.
BHP Group: BHP and Lundin Mining agree to jointly acquire Filo for around 4.1bn Canadian Dollars.
BP reported Q2 profits of $2.76bn, beating expectations as they increased their dividend and extended their share repurchasing programme. They also lifted their dividend to 8 cents per share (up from 7.27 cents) in line with analysts’ expectations. They have given the go-ahead for the sixth operated hub in the Gulf of Mexico with production slated to start in 2029.
Diageo reported a 4.8% decline in annual organic operating profit, just short of analyst expectations for a 4.5% decline.
Glencore left their 2024 production guidance unchanged for most metals and increased coal to reflect the acquisition of Teck’s steelmaking coal unit, saying it will announce whether it will proceed with a demerger of its coal assets in its HY results next week.
Greggs reported a 16.3% rise in H1 profit as it broadened its product range and made it more accessible to more customers through deliveries and extended store opening hours.
NatWest: Plans for a retail share sale in NatWest will be scrapped as they are a “bad use of taxpayer money” the new chancellor Rachel Reeves has announced.
Ocado is extending the maturity of its debt by raising £600m in bonds due for 2029 repayment to finance a tender offer of existing bonds due in earlier years.
Standard Chartered reported that its pretax profit rose 5% in H1 2024, just ahead of analysts’ estimates and announced its largest share buyback to date. Their statutory pretax profit for H1 came in at $3.49bn, up from $3.32bn a year earlier and above the $3.46bn average of analyst estimates compiled by the bank. They also unveiled a $1.5bn share buyback.
St James’s Place plans to cut tens of millions of pounds of costs, as it tries to rebuild investor confidence following regulatory scrutiny of its charges. They reported net inflows of client cash for H1 of £1.9bn exceeding company-compiled average of analyst forecasts, but down on the £3.4bn gained in the prior year. Their total managed funds of £181.9bn was slightly below analyst forecasts. They also announced an interim dividend of 6p per share and a share buyback of £32.9m.
Weir Group report a H1 adjusted operating profit of £215m.
Deutsche Bank Downgrades Man Group to Hold from Buy (9 Buys / 2 Holds / 1 Sell)
HSBC Downgrades SThree to Hold (5 Buys / 1 Hold / 0 Sells)
RBC Downgrades Howden Joinery to Sector Perform from Outperform (7 Buys / 5 Holds / 0 Sells)
UBS Downgrades Lloyds to Neutral from Buy (6 Buys / 7 Holds / 0 Sells)
UK
BP
Barr (AG)*
Bodycote
ConvaTec Group
Croda International
Diageo
Essentra
Games Workshop Group
Glencore
Greggs
Inchcape
Paragon Banking Group
Spectris
St James Place
Standard Chartered
Weir Group
US
Merck & Co
PayPal Holdings
Pfizer
Procter & Gamble
Advanced Micro Devices
Arista Networks
Lemonade
Microsoft Corp
Mondelez
Starbucks Corp
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
German Gross Domestic Product
EU Business Climate
EU Consumer Confidence
EU Gross Domestic Product
German Consumer Price Index
German Harmonized Index of Consumer Prices
US Housing Price Index
US Consumer Confidence
US JOLTS Job Openings
Japanese Retail Trade
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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