FTSE 100 Clinging on Wall Street Wall Street

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  • FTSE 100 closes marginally higher

  • Footsie's dollar earners celebrates sterling lower drops US $ 1.30

  • Unilever top Footsie gainer

  • WH Ireland biffed as assets under management decline

FTSE 100 closed higher on Thursday, unlike Its footing was closed up around seven points, gold 0.10% at 7,683.

In Europe, the CAC 40 was down 30 points and the German DAX shed nearly 80 points.

Sterling fell due to the disappointing week of data, culminating today on weak High Street sales for June. The pound dropped below US $ 1.29 at the time of writing – down 0.48%.

Against the Euro, it lost 0.35% to € 1.12.

Meanwhile, US Dow Jones Industrial Index down 0.38%, or 95 points, to 25.102 and the S & P 500 is down two points at the time of writing.

Top riser on FTSE 100 was Unilever (), which gained around 3% to 4,330.50p after the Anglo-Dutch firm

Elsewhere, plc () shed around 4% to 1,622p to be top laggard on FTSE, despite it announcing a 6% year-on-year rise in output in the second quarter, driven by coking coal, copper and it also revised upwards its platinum guidance.

3 , 30pm: FTSE 100 drifts back

The Footsie drifted back, almost to square one, after a weaker-than-expected opening on Wall Street. [19659006] The UK's top-share index was up 7 at 7,683 while in the US The S & P 500 was down 10 at 2,806.

"The Dow Jones' winning streak appeared to come to an end on Thursday, with the US index dropping 120 points after the bell rang on Wall Street, "reported Connor Campbell, at.

" This decline, at least in part by Donald Trump threatening the EU with 'tremendous retribution' through auto tariffs last night, took the Dow back under 25100, undoing the growth in the last couple of sessions. The dollar's strength is playing its role as well; the greenback stole another half a pound of pound, while nabbing 0.3% off the euro, "Campbell said.

Wealth management firm WH Ireland Group PLC () was in the wars, shedding 8.6% at 117p after it said its current chief executive officer, Richard Killingbeck, would be moving to

He will be replaced by Philip Wale, currently The head of fixed income (Europe) at Europe.

News of Killingbeck's departure for the second half of the month of the financial services company made up of a loss of 3.71mln, versus a loss of £ 3.2ml for the 12 months to the end of November 2016. [19659027] WH Ireland CEO and wealth head starting following restructuring: //t.co/dXXRN9AFU3

– Investment Week (@InvestmentWeek) July 19, 2018

2.15pm: US Expected to Open, Bringing a Five-Day Winning Streak

The FTSE 100 was up 14 at 7,691, despite the heavily-weighted miners dragging the index down.

Over the US, the S & P 500 index was predicted to open at around 2,807, down eight points from last night's close.

"The weak pound helps the FTSE take the lead so far on Thursday among equity indices. With a relatively low flow rate, two brokerage upgrades for the drifting lower still, "observed Ken Odeluga at City Index.

Shell shares were up 1.5% at 2,750p after its price forecast by US $ 5 per barrel and 3,505p. The bank's target price for BP PLC () has been raised to 640p from 610p; BP 'shares were 0.7% higher at 566.1p.

Away from the FTSE 350, the chemical technology group () shot up to 15.4p to 102p after Teslin Participaties revealed it had increased its stake in the company to 13.1%.

A trading update for PLC () has the shares of the 23p higher to 227p.

The cinemas operator said it had performed in line with expectations in the first 27 weeks of 2018 and the board is confident of a successful outcome for the full year.

Addition, demand for the Everyman in the United States of America and the United Kingdom (four screens) and London Broadgate (three screens), both of which are expected to open in 2019.

11.45am: FTSE 100 firmer goal FTSE 250 deep in the red

The FTSE 100 was in the morning while the FTSE 250 was down in the dumps.

The FTSE 100 was up 12 at 7,688 with Dutch giant goods occupying an unfam Positioning at the top of the leader-board after its second-quarter results.

Seeing Unilever at the top of the Footsie is like an articulated lorry holding pole position on the grid of a Formula One race and its position was achieved 1.6% growth versus 1.6% growth, growth expectations

"These numbers are a predictor of the future," said Steve Clayton, manager of the Select funds

Clayton was not alone in the company's plans to move its headquarters to the Netherlands, which could see the blue-chip of the FTSE 100 indexes and portfolios of all the funds

Helal Miah, an investment research analyst at the Share Center, was also disturbed.

"Management kept their guidance for full year contract sales growth of 3-5% with an improvement in margins and a strong cash flow; they also remain on track for their 2020 goals; however, the results have been overshadowed by the possible move of its headquarters to the Netherlands, which will be confirmed on October 25th. While simplification of the group's structure should be welcomed, many of the FTSE 100 indexes, "he said.

The FTSE 250 was down 102 points at 20,882 with Group PLC () and both getting clobbered after trading

READ: Babcock Intl. full-year earnings growth rate in the market, slowdown in defense, marine work

Babcock shed 12% at 717.2p after lowering sales guidance, Liberum Capital Markets kept the faith.

Based on Liberum's projected earnings for 2019, Babcock is trading on an earnings multiple of 9.1, which the broker says is roughly 34% discount to the sector average of 13.8.

The price of a stock market and a price of 1,100p.

"A big slump in annual profit should suggest it to its core competencies rather than engaging in speculative retail investment," says Russ Mold, the investment director, after the sportswear flogger reported a big paper-loss on its 30% stake in PLC ().

Mold 's Commentary on Group PLC () – The best performing mid – cap – was less acerbic.

"The excitement around price comparison site Moneysupermarket may have less to do with publication of its first half r

"This venture is aimed at developing a mortgage comparison tool. In the long term the mortgage market, which the company argues is 'ripe for disruption', could be reported for the purpose of growth, "Mold reported.

Shares in Moneysupermarket were up 7% at 330.8p.

Meanwhile, This morning's disappointing retail sales data to spark speculation that will be tested twice, although a hike is still 68% priced in (according to 72% yesterday), according to Craig Erlam at Oanda.

10.00 am: Insipid retail sales data makes it less likely

UK retail sales figures dealt a blow to the pound, giving a boost to the footsie and its large gaggle of foreign currency earners.

The FTSE 100 was up 3 points at 7,680, with PLC () leading the way, up 1.7%, followed by 1.3% – and PLC () – up 1.2%.

" Retailers can always find ways to blame the weather and this time it's the heatwave t can be blamed for a dismal performance by the UK consumer in June. "Neil Wilson, the chief market analyst at markets.com."

With the market expecting that the (BoE) is now more In the United States, the dollar fell to US $ 1.30. <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> <br> month.

"Combined with the disappointing [inflation] reading [yesterday] it suggests the MPC would be well informed to row back to planes, a fact that seems to be reflected by traders' bets on this morning's sterling , "Wilson commented."

The volume of retail sales fell 0.5% in June from May's level; excluding petrol sales, the index was down 0.6%.

According to the Office for National Statistics (ONS), continued growth in food sales is offset by declining spending in many other countries. Cup and the heatwave

The UK retail sales report was much weaker than expected, with headline sales falling 0.6% in June, the annual rate of sales growth slowed down to 4.4% in May. Although retail sales figures can be volatile, there is a growing sense that the UK is slowing down sharply, and with the political backdrop deteriorating, suggests Kathleen Brooks , at Capital Index.

"The details of the report are worth noting," Brooks continued.

"Declines in UK sales last month were broad-based. Not even sales retail sales volumes fall by 1.4%, and the annual rate for non-store sales was down 9.8% in June, compared with 16.1% in May, "she added.

The giant sales (), which was trading 0.5% higher at 4,225.5p after its second-quarter results.

The Brazilian truckers' strike has taken a toll, knocking Unilever off course.

Having said that, the Dutch company is impressively global and management. "Fiona Cincotta, a senior market analyst at City Index."

"Management has already been warned of the hit, but at 2.7%, first-half sales growth has been reduced to the revised company-compiled consensus prediction of 2.8%.

"Pressure on pricing remains a problem almost everywhere, but the price is at least generating a decent level of volume growth."

"A much more positive feature of this result has come through the cost side of the equation. Major restructuring efforts in the field of improvement in the field of improvement in all three divisions, "she added.

9.15am: Expectations of a subdued start are fulfilled

A half-hearted effort to continue yesterday's advance soon fizzled

The FTSE 100 was down 14 at 7,662 with marketing and advertising WPP PLC () leading the retreat.

"This is based on a read-across from French peer Publicis 2.1% decline in Q2 net revenues (consensus + 1.1%) attributable to a sharp drop in US healthcare communications ("we were not expecting this sudden dip"), currency swings and GDPR costs, "explained Mike van Dulken, the head of research at Accendo Markets.

Mining stocks – heavily represented on the Footsie – are doing the top-share index no favors, or, with the likes of Antofagasta PL C (), (), PLC () and () down 2-3%.

Among the mid-caps, market commentators (in French) poorly-received full-year results

"Mike Ashley's quest to turn into the selfridges of the sector fell flat on its face on Thursday, with the high street staple reporting a huge drop in full-year pre-tax profit, from £ 281.6 million in 2017 to £ 77.5 million in 2018. This is the most ignominious because 85.4 million of the drop from the company's stake in, Ashley's coat of hoovering up an ostensible bargain biting him in the backside, "suggests Connor Campbell, a financial analyst at

Lee Wild at Interactive Investor takes a more measured approach, pointing out that the shares are up to 50% in the past year and at a level that has historically been difficult to breach.

"Given they're up 10% in the past couple of weeks, it's unsurprising that sellers have emerged following the results," Wild said.

The shares were down 7.6% at 403p.

Proactive news headlines:

dotdigital Group PLC's () growth story continues in the financial year just ended, with revenues up to a third year-on-year.

's () BRICKLIVE Animal Paradise show will begin to three-year, 20-city tour of China next month.

It has been focused on the Blue Moon project, in accordance with its new strategy, it has also evaluated a number of new opportunities. Earlier this month, the company has a new capital base, a $ 100,000 fund for the new opportunities, to support initial due diligence and license application costs.

Amryt Pharma PLC () said strong progress had The company, which develops and sells drugs for rare and orphan diseases, posted revenues of € 7m, up 14% on the year earlier.

A boost from the World Cup helped pizza franchise owner () to a bumper first half. The AIM-listed group saw total sales volume by 38% and like-for-like by 13% in the first six months of 2018. June.

PLC () has been adjusted to full-year earnings guidance for investment in business development, service capacity and a provision for customer spend volatility.

() is raising 10.6mln to fund the expansion of the Phase III clinical trial of its grass pollen-induced hay fever immunotherapy, PQ Grass.

Bacanora Lithium PLC () has scrapped plans for a US $ 100mln the construction of a lithium mine at Sonora mine in Mexico. The placement was part of the funding for 17,500 tonnes per annum lithium carbonate operation at Sonora.

Production costs tumbled at Tanzania-based Gold Mining Shanta Gold PLC () in the last three months year. Shanta will shift operations at New Luika to be fully stocked at the end of August, CEO Eric Zurrin.

() said trading in the first six months of the year, adding it to the forecasts. The healthcare-focused advisory group said "good growth" in revenue and earnings, while profit margins were slightly higher than the comparable period last year.

() told investors that it has been successfully completed. The program has been fully funded by its partners and is well-established,

() MCBP (MTPP).

Emerging Markets-Focused Limited () is comfortably on track to a special mining license (SML) for the Mbeya Coal to Power Project (MCPP). meet its target annual dividend yield of 6%.

() This morning confirmed the completion of its latest acquisition, acquiring production and midstream infrastructure in the Appalachian Basin. The US $ 575mln deal more than double the group's output, daily production rates are set to increase by 115% to over 60,000 barrels of oil equivalent per day.

This is the place to be, but it's not going to be there. Wednesday, July 25th at Prince Philip House, 3 Carlton House Terrace, St James', London SW1Y 5DG from 6-9pm. The following is a discussion of the FTSE 100.

6.45am: Little movement expected

The FTSE 100 was set to open barely changed as Brexit concerns continued to hang over

After rising 50 points yesterday to close at 7,676, the FTSE 100 was expected to open at 7,675

US markets were modestly firming yesterday except for the tech-heavy Nasdaq Composite, which was more gold The Dow Jones rose 79 points to 25,199 while the S & P 500 advanced 6 points to 2,816.

"There were no surprises in Fed Chair Jerome Powell's second day of testimony in front of the House Financial Services Committee, where the overall message was repeated that the FOMC will continue to hike the interest rate gradually. Like Tuesday's session in the Senate, questions were closely related to the flattening of the yield curve and the impact on the economy of tariffs, "observed Danske Bank.

Approaching the end of trading in Asia, the Nikkei 225 was down 8 points at 22,786, while in Hong Kong, the Hang Seng was 48 points weaker at 28,069.

In the UK, retail sales are at 9.30am, which may give analysts who follow the sector.

Analysts have forecast a 7.1% increase in full-year earnings (EBITDA) to £ 292.1mln and a 3.9% increase in revenue to £ 3.37bn for the year.

George Salmon, an equity analyst at, said the results will be a "very important set of numbers for".

He said the recent bout of nice weather and England's good run in the World Cup – up to the semi-final anyway – could have boosted trading.

Significant announcements due: [19659014] Finals : PLC (), Versarien PLC ()

Interims : (), Moneysupermarket PLC (), ()

Trading Updates : PLC (), (), (Q1) (), PLC ()

AGMs : Royal Mail Group PLC (), PLC (), PLC (), PLC (), AO World PLC () ), ()

Economic data : UK retail sales; US weekly jobless claims; US Philadelphia Fed index

Around the markets

  • Sterling: US $ 1.3070, down 0.01 cents
  • 10-year gilt: Yielding 1.279%
  • Gold: US $ 1.223.60 an ounce, down US $ 4.30
  • Brent crude : US $ 72.76 to barrel, down 14 cents
  • Bitcoin: US $ 7,322, down to US $ 14

Business headlines

The Times

Google has warned that it could start charging handset makers the technology company was fined a record € 4.3 billion by the European Commission yesterday.

The Daily Telegraph

The Boss of Premier Foods , Gavin Darby, Nissin Foods, Japanese noodle giant Nissin Foods.

TalkTalk's chairman Sir Charles Dunstone % of the broad

Capita's finance director Nick Greatorexis

The Competition and Markets Authority's (CMA) ), which has been investigating the board of investment consultants since September, has been toughened up by Mercer, Aon Hewitt and Willis Towers Watson.

The Guardian

EasyJet

The Gaucho's Restaurant Group Gaucho is on the verge of filing for administration, putting 1,500 jobs at risk.

Daily Mail

British Steel has posted profits of £ 21 million for the quarter and its continuous turnaround.

Dulux owner Akzo Nobel ha The price of oil is much higher than that of oil in the United States.

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