The FTSE
100 is called to open 40 points lower at 6363.
UK Gilt 10
Year Yield 1.83%, Spot Gold $1139.40 +5.11, Brent Crude $46.89. -0.57.
A tumble
in oil prices Wednesday prompted investors to sell shares of energy companies,
weighing on the broader stock market. Stocks had briefly pared losses to trade
near the flatline after the minutes from the Federal Reserve's July meeting
showed no clear sign that officials are ready to raise interest rates next
month. The Dow Jones Industrial Average fell 162.61 points, or 0.9%, to
17348.73, capping a turbulent session. The blue-chip index had dropped as much
as 229 points and briefly recouped all losses in the wake of the Fed minutes.
The S&P 500 declined 17.31 points, or 0.8%, to 2079.61 and the Nasdaq
Composite lost 40.30 points, or 0.8%, to 5019.05
PRESS
COMMENTARY
China's
stock markets swung wildly on Wednesday as the authorities battled to restore
investor confidence; shares on China’s main market - the Shanghai Composite -
ended the day 1.2% higher having earlier plunged by as much as 5%, Telegraph.
Britain’s
banks and finance firms performed surprisingly well in the credit crunch and
its aftermath because the industry is enormous, with good links to countries
all around the world, according to analysis from leading academics, Telegraph
COMPANY
NEWS
U.K. gambling
group Rank Group PLC (RNK.LN) said full-year profit rose and lifted the
dividend by a quarter.
Royal
Ahold NV, reported second-quarter profit that topped analysts’ estimates as the
company revamped U.S. stores and online sales grew in the Netherlands.
Primary
Health Properties PLC (PHP.LN), said the net asset value rose 6.3% in the first
half, with earnings also showing year-on-year gains.
KAZ
Minerals PLC (KAZ.LN) swung to a
first-half net loss as the copper price tumbled to multi-year lows. The company
also reaffirmed its full-year copper output guidance despite a delay to the
commissioning of one of its projects as a result of a fire last week.
WH Smith
PLC (SMWH.LN) reported that fiscal 2015 outcome is expected to be slightly
ahead of the consensus of analysts' expectations due to a strong second half
performance in the travel division.
Sportech
PLC (SPO.LN) reported a fall in first
half pretax profit, mainly due to the absence of any large exceptional gains in
the period, and said that it remains confident in the underlying strength of
the business.
Bank of
Georgia Holdings PLC (BGEO.LN) reported a rise in interim net profit and said
it expects a strong second half performance.
DNO Posts
2Q Net Loss; CWI Production Rises to 99.6kboe/d
Premier
Oil PLC (PMO.LN) swung to an interim pretax loss as low oil prices hit revenues
and kept its full year production guidance at 55,000 barrels of oil equivalent
per day.
Straumann
forecasts 2015 organic rev. growth in mid- to higher-single-digit range, saw
growth in mid-single- digit range; sees 2015 adj. Ebit margin target in “low
twenties,” saw at least 20% (organic).
Meggitt
PLC (MGGT.LN) said that it has won a three-year fuel cell contract worth up to
$39.8 million from the U.S. Defense Department.
Stock
Spirits Group PLC (STCK.LN) reported a
massive fall in first half pretax profit due to ongoing market disruption in
Poland and said that 2015 earnings, before interest, taxes, depreciation and
amortization, is anticipated to be between 60 million Euros ($66.32 million)
and EUR68 million.
Source Quilter
Cheviot
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