Market Report

Market Report by Email

If you would like to receive the daily Market Report by email please fill out your name and email address in the sign-up form below and you will be added to our mailing list.

* indicates required

Please select all the ways you would like to hear from Ramsey Crookall:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our email marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing.

Learn more about Mailchimp's privacy practices here.

Tuesday,20 September 2022 at 16:04

B&Q owner Kingfisher reported a fall in first-half profits against a tough comparator last year when DIY boomed during pandemic lockdowns and now amid a more uncertain macroeconomic environment.
 
The company said pre-tax profits for the six months to July 31 fell by a third to £474m, while like-for-like sales were down 4.1%.
 
Kingfisher, which also owns Brico Depot in France, said it now expected full-year adjusted pre-tax profit of £730m - £770m having run several scenarios to account for a more volatile economic environment.

UK and European markets closed lower, losing momentum after Europe's previous session’s broadly higher trade.

U.S. stocks barrelled lower as investors prepared for Federal Reserve officials to deliver another jumbo rate hike in their fight against persistent inflation.

Oil prices dipped on the spectre of an economic slowdown and accompanying drop in fuel demand.

Gold priced lower.

Markets
At the close
FTSE 100 7,192 (-0.61%)
FTSE 250 18,528 (-1.43%)
DAX 12,670 (-1.03%)
At 16:45
Dow Jones 30,680 (-1.10%)
S&P 500 3,858 (-1.07%)
NASDAQ 11,461 (-0.64%)
Fixed Income
UK 10-YR YIELD 3.299
Exchange Rates
GBP/USD 1.140
GBP/EUR 1.140
Commodities
Gold $1,665 (-0.61%)
Brent $90.08 (-1.77%)
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.

We use cookies to improve your experience on our website.
By continuing to browse, you agree to our use of cookies. Cookie Policy

Accept
Members of the London Stock Exchange and PIMFA | Licensed by the Isle of Man Financial Services Authority (IoMFSA) Registered Office: Ramsey Crookall and Co. Ltd., 38/42 Athol Street, Douglas, Isle of Man, IM1 1QH
Copyright © 2022 - Ramsey Crookall & Co. Ltd
Building Personal Finance Futures London Stock Exchange