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Monday,01 August 2022 at 15:55
today’s risers after the company lifted its dividend and interim profits
The firm reported a pretax profit of £179m for the six months to June 30, from
£4m a year earlier, when it booked £85m in restructuring costs a year earlier.
Revenue rose 12% year-on-year to £1.79bn and the dividend rose 4.8% to 6.6p a
UK & European stocks
closed slightly lower to begin the new month, with investors
digesting a fresh round of corporate earnings.
The U.S. dollar sank
to its lowest in more than six weeks versus the Japanese yen as investors
ramped up bets that aggressive Federal Reserve monetary policy would tip the
economy into a recession.
Oil prices dropped sharply
as weak manufacturing data from China and Europe weighed on the demand outlook
while investors braced for this week’s meeting of officials from OPEC and other
top crude producers on supply.
buoyed by a softer dollar, while investors strapped in for more economic
readings that could determine the future pace of interest rate hikes
FTSE 100 7,413 (-0.13%)
FTSE 250 20,079 (-0.42%)
DAX 13,504 +0.15%
Dow Jones 32,938 +0.28%
S&P 500 4,139 +0.23%
NASDAQ 12,464 +0.59%
UK 10-YR YIELD 1.801
Gold $1,769 +0.19%
Brent $99.57 (-7.50%)
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.