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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Convatec Group PLC | 219.1 | 6.5% |
| Bae Systems PLC | 981.2 | 5.1% |
| Taylor Wimpey PLC | 118.2 | 3.6% |
| Smurfit Kappa Group PLC | 3,112.0 | 1.7% |
| Vodafone Group PLC | 74.2 | 0.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Ocado Group PLC | 875.8 | -6.6% |
| Endeavour Mining PLC | 1,739.0 | -5.0% |
| Prudential PLC | 1,015.0 | -4.2% |
| Hargreaves Lansdown PLC | 806.6 | -4.0% |
| Scottish Mortgage Investment Trust PLC | 702.1 | -3.8% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,547 | -1.6% | 2.4% |
| DOW JONES INDUS. AVG | 35,381 | -0.7% | 9.2% |
| DAX INDEX | 16,014 | -1.4% | 19.4% |
| NIKKEI 225 | 32,708 | -2.3% | 17.9% |
| S&P/ASX 200 INDEX | 7,355 | -1.3% | 5.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 79.38 | -2.45% |
| Brent Crude (ICE) | USD/bbl. | 83.10 | -2.13% |
| Gold Spot | USD/t oz. | 1,935 | -0.5% |
| Copper (Comex) | USd/lb. | 385 | -1.6% |
Click graph to enlarge
The UK 100 called to open -13 point at 7,548. The UK 100 is expected to open modestly lower today, having fallen heavily on Wednesday with all eyes on the interest rate decision by the Bank of England at midday. The BoE is expected to hike rates by another 25 basis points to 5.25%, a more modest increase than the larger 50bps raise at its last meeting. On Wednesday, US markets fell sharply in the wake of the credit ratings downgrade by Fitch while today markets in Asia were mixed. In Asia, the Nikkei 225 index in Tokyo was down 1.2%. In China, the Shanghai Composite was up 0.4%, while the Hang Seng index in Hong Kong was up 0.3%.
London Stock Exchange Group reported H1 total income of £4.179bn, +11.9% YoY, saying that their revenue growth for the year is expected to be near the top end of guidance.
Next have raised their guidance for annual profit by £10m to £845m, after full prices sales came in better than expected as they enjoyed a strong end-of-season summer sale.
Pets at Home report that their FY guidance remains unchanged as they are comfortable with market expectations.
Rolls-Royce reported an underlying H1 operating profit of £673m, more than five times the level of a year ago, led by large improvement in its civil aerospace margin. They have upgraded their FY profit last month to £1.2-1.4bn up from its previous guidance of £800m-1bn.
Smith & Nephew report a H1 pretax profit of $211m, up from $204m YoY. They have increased their FY underlying revenue growth guidance to between 6-7%. Their CFO Anne-Francoise Nesmes will step down in Q2 of 2024.
Wizz Air reported an operating profit of 79.9m euros for Q1 as well as higher revenues as it continues to benefit from strong travel demand across the airlines sector.
Berenberg Upgrades Hochschild Mining to Buy from Hold (3 Buys / 2 Holds / 0 Sells)
UK
Helios Towers
Hikma Pharmaceuticals
London Stock Exchange Group
Morgan Sindall
Next
Serco Group
Shaftesbury Group
Smith & Nephew
Wizz Air Holdings
US
Alibaba Group
Ball Corp
Fiverr International
Moderna
Airbnb
Amazon.com
Amgen
Apple Inc
Block
Coinbase Global
Gilead Sciences
UK
Capita
US
None
Chinese Caixin Services PMI
German HCOB Composite PMI
EU HCOB Composite PMI
EU Producer Price Index
Bank of England Minutes
Bank of England Monetary Policy Report
BoE Interest Rate Decision
UK Monetary Policy Summary
BoE’s Governor Bailey speech
US Initial Jobless Claims
US Factory Orders
US ISM Services PMI
UK 100 companies going ex-dividend on 3rd August 2023:
BT Group
Unilever
Lloyds Banking Group
Reckitt Benckiser Group
RELX
Rentokil Initial
UK 250 companies going ex-dividend on 3rd August 2023:
Oxford Instruments
Schroder Oriental Income Fund
Moneysupermarket.com Group
Games Workshop Group
Tyman
Rathbones Group
Aberforth Smaller Companies Trust
Jupiter Fund Management
Inchcape
Vesuvius
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