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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| AVEVA GROUP PLC | 2,781.0 | 26.9% |
| PERSHING SQUARE HOLDINGS LTD | 2,750.0 | 4.0% |
| BUNZL PLC | 3,133.0 | 2.6% |
| DECHRA PHARMACEUTICALS PLC | 3,498.0 | 2.3% |
| MELROSE INDUSTRIES PLC | 141.8 | 2.3% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| CENTRICA PLC | 82.1 | -2.7% |
| PRUDENTIAL PLC | 930.0 | -2.5% |
| LAND SECURITIES GROUP PLC | 666.0 | -2.5% |
| SAINSBURY (J) PLC | 209.8 | -2.5% |
| BRITISH LAND CO PLC | 435.9 | -2.5% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,472 | -0.2% | 4.9% |
| DOW JONES INDUS. AVG | 32,969 | 0.2% | -6.8% |
| DAX INDEX | 13,220 | 0.2% | -16.9% |
| NIKKEI 225 | 28,313 | -0.5% | 2.1% |
| S&P/ASX 200 INDEX | 6,998 | 0.5% | -7.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 95.28 | 1.64% |
| Brent Crude (ICE) | USD/bbl. | 101.70 | 1.48% |
| Gold Spot | USD/t oz. | 1,752 | 0.3% |
| Copper (Comex) | USd/lb. | 364 | -1.3% |
Click graph to enlarge
The UK 100 is called to open +47 points this morning at 7521. The UK 100 looks set to make a strong start to trading on Thursday following gains in the US on Wednesday and in Asia overnight. US stocks ended the session on a positive note as selling pressure faded and commodity prices held steady in a quiet trading day. The S&P climbed 0.3% after the benchmark index fell for three straight sessions, closing at 4,141 points. The Dow Jones added 60 points, or about 0.2%, to finish at 32,969 and the Nasdaq gained 0.4% to close at 12,432. In focus today will be the first day of the Jackson Hole symposium of central bankers.
AstraZeneca's Tagrisso has been approved in Japan for early-stage EGFR-mutated lung cancer.
CRH reports that their interim pretax profit has risen to $1.2bn (2021: $929m), as they declare a 24 US cents dividend, +4% YoY. Their Americas material division has been supported by resilient underlying demand. The Europe materials trading environment has been challenged by inflation and uncertainty.
Grafton Group reported a H1 adjusted pretax profit of £143.4m, down 3.6% from £148.8m last year. They state that volumes and profitability were lower in Selco after exception year earlier. Revenue and profit in Woodie's DIY, Home and Garden retail business has normalised. They are also seeing improved supply chain consistency and eased building material shortages.
Harbour Energy report a H1 pretax profit of $1.49bn (2021: $120.2m) as they declare an interim dividend of 11 cents per share. They have increased their share buybacks to $300m. They have also narrowed their FY production guidance to 200-210 kboepd.
Hays report that their FY22 net fees increased to £1.19bn (2021: £918.1m) as did their operating profit £210.1m (2021: £95.1m). They reported a FY22 pretax profit of £204.3m (2021: £88.1m), stating they have made a good start to the new financial year as their fees and activity are sequentially stable at strong levels.
Berenberg Downgrades Biffa to Hold from Buy (3 Buys / 2 Holds / 0 Sells)
CRH
Grafton Group
Harbour Energy
Hays
Pershing Square Holdings*
CRH
Grafton Group
Harbour Energy
Hays
Pershing Square Holdings*
German Gross Domestic Product
German IFO – Business Climate
German IFO – Current Assessment
German IFO – Expectations
ECB Monetary Policy Meeting Accounts
US Gross Domestic Product Annualized
US Initial Jobless Claims
Jackson Hole Symposium
Tokyo Consumer Price Index
FTSE 100:
Phoenix Group Holdings
Natwest Group
St. James's Place
Land Securities Group
Diageo
Mondi
Auto Trader Group
FTSE 250:
Plus500
RHI Magnesita N.V.
FDM Group (Holdings)
Henderson Smaller Cos Inv Tst
ContourGlobal
OSB Group
HICL Infrastructure
Biffa
Drax Group
Witan Investment Trust
Capital & Counties Properties
ConvaTec Group
Personal Assets Trust
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