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|Thursday’s UK 100 Leaders||Price (p)||% Chg|
|Thursday’s UK 100 Laggards||Price (p)||% Chg|
|Legal & General||211.2||-6.09%|
|Royal Dutch Shell B||1,113.8||-5.72%|
|Royal Dutch Shell A||1,158.8||-3.38%|
|Major World Indices||Price||% Chg||1 Year|
|UK 100 INDEX||5,990||-2.3%||-21.1%|
|DOW JONES INDUS. AVG||26,314||-0.9%||-2.1%|
|S&P/ASX 200 INDEX||6,051||0.7%||-11.2%|
|WTI Crude Oil (Nymex)||USD/bbl.||40.43||1.28%|
|Brent Crude (ICE)||USD/bbl.||42.94||-1.85%|
|Gold Spot||USD/t oz.||1,957||0.0%|
UK 100 called to open +25 points this morning at 6017. Calls for a positive open come after yesterday saw the Dow Jones slide 225.92 points, or 0.8%, to end the day at 26,313.65. The S&P 500 dipped 0.4% to 3,246.22. The Nasdaq however outperformed, rising 0.4% to 10,587.81. The catalyst for the fall came as data from the U.S. government released Thursday showed GDP had fallen by a record 32.9% in Q2. The number, however was not as bad as feared, as economists surveyed by Dow Jones had expected a 34.7% decline. This paired with continuing jobless claims, totalling 17.018 million, up from about 16 million last week saw investor sentiment fall.
British American Tobacco reports that H1 2020 profit tops estimates on market demand, as they sold more high-priced cigarettes and saw strong demand for vaping products in the USA. They reported EPS of 157.8p, higher than analysts forecast of 154.5p. Total revenue rose 0.8% to £12.27bn, slightly above analysts expectations of £12.2bn.
BT report that Q1 revenue and earnings have fallen 7% due to the impact of COVID-19 pandemic affecting BT Sport television revenue and reducing demand from business customers. They expect to produce adjusted core earnings of £7.2-7.5bn on 5-6% lower revenue for its 2020/21 financial year.
Glencore ups expectations for trading after sticking to copper and colbat guidance. This is due to stellar performance in its trading division, which would see it hit the top end of guidance for the year. They did post lower production figures for H1 2020 after copper output fell 11% and colbat output was down 33% y-o-y.
IAG has said it plans to raise £2.75bn euros in a capital increase backed by Qatar airways, to strengthen its finances after the pandemic wiped out the travel market. They reported an operating loss for Q2 2020 of £1.365bn euros, broadly in line with consensus (£1.395bn loss expected).
Natwest tumbles to H1 2020 pre-tax loss of £770m (2019: £2.7bn profit) on pandemic bad loan charges, after setting aside a fresh £2.1bn provision (£1.7bn expected) against a potential surge in loan losses due to the COVID-19 pandemic.
British American Tobacco
CN – Manufacturing PMI
German – Retail Sales
EUR – GDP
Sabre Insurance Group
Aberforth Smaller Companies Trust
St. Modwen Properties
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