FTSE 100

Stocks are deep in the red across Europe, despite some trimming of losses, but stronger oil prices have helped keep the FTSE 100 from further falls. F.

GBP/USD is consolidating the rebound below 1.1600 amid a broad US dollar recovery and cautious optimism. The equity market finished out last week in a pretty calm but lower fashion. Gold catches fresh bids on Tuesday and builds on last week's bounce from the $1,689-$1,688 area or the lowest level since July 21. US ISM PMI is next of note. Sentiment is in the doldrums, but unless the outlook starts to change, and soon, even a mid-month bounce in stocks looks to have a short lifespan.” No representation or warranty is given as to the accuracy or completeness of this information. This week’s ECB meeting is unlikely to deliver a sunny outlook, and has the It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. 100,000 barrels per day might not sound like much in the context of global output, but it signals that OPEC is not pleased with the recent weakness in crude prices, and is not particularly bothered by the prospect of a global recession that might do severe damage to demand. Risk-aversion and higher yields aid the renewed US dollar buying ahead of ISM Services PMI. OPEC’s talk of a modest cut to production has provided the spark for another bounce in Should it continue to cut production if prices sink further, it risks intensifying the global recession that seems to be more likely with each passing day.”

The FTSE 100 closed marginally higher, outperforming its continental peers on Monday, in a day plagued with further European energy woes.

The reading for August was a 17-month low. A poor PMI reading did little to boost the euro either. The merger is expected to close in the first quarter of 2023. Pretax profit increased 4.9% to £77.6 million, compared to £74.0 million in 2021. Asos ended its financial year in late-August. The Cboe UK 100 index closed marginally higher at 727.82. The single currency was hurt by energy supply worries. BAE Systems closed 3.0% higher, one of the best blue-chip performers. The AIM All-Share index lost 5.05 points, or 0.6%, at 861.14. Countryside shareholders will own about 37% of enlarged firm. Elsewhere, there was also M&A activity, PMI readings and a planned OPEC+ oil output cut for investors to mull over during a busy start to a key week for financial markets. The mid-cap FTSE 250 index lost 223.54 points, or 1.2%, at 18,629.68.

Speculation that incoming prime minister Liz Truss is planning a freeze to energy bills lifted retailers and stocks with exposure to the UK economy today.

The builder tends to earn more profit in the second half of the year, in line with the seasonal peak in home-buying patterns. B&Q owner Kingfisher, which is one the most shorted stocks on the London market as hedge funds bet on a further downturn in fortunes, gained 4% or 9.5p to 249.1p. He has been saying so to the new PM. Alongside the main listing in Frankfurt, VW may sell to retail investors in Spain, Italy, Austria, Switzerland and France. For the current financial year, it expects pre-tax profit of £600 million. Global stock indices are struggling and VW says the plan also depends on conditions in the capital market. However, a rally in Kingfisher shares today of more than 5% means its shares are broadly flat over the past month. The iconic status of Porsche — who have tennis star Emma Raducanu as an ambassador — means a shortage of buyers is unlikely. It has completed over 18,000 homes in the past five years. Jon Jayal, CEO of Quixant told the Standard: Gaming’s been a remarkably resilient market in economic downturns. Qatar has already signalled it will take a stake of around 5%. Both Rentokil Initial and C&C Group’s shares are down in the past month.

The energy crisis shows the need for additional investment in the renewable energy sector, according to UBS.

Parity is still in radar for the pound bears.” These loans would be repaid from bills over the next 10-20 years. This comes after the home retailer last week detailed plans to sell shares, cut its workforce by 20%, and close 150 stores. With Liz Truss set to be officially appointed as Prime Minister today, Michael Hewson chief market analyst at CMC Markets UK, said “the next focus will be on the fiscal response to protect consumers as well as businesses from the sharp rise in energy prices that is coming our way in October.” Looking ahead, Tombs said “the outlook for retail sales, like much of the rest of the economy, now hinges on the scope of support measures to help households with higher energy bills announced by the new PM in the coming days.” The BBC has reported the "deficit reduction scheme" is expected to form the centre piece of the government's attempt to tackle the high cost of energy for consumers. Reports that the incoming Truss Government is to unveil a broad package of support to households and businesses provided support with analysts estimating the package could cost £100bn. The group said it had continued to trade well during the first four months of the current financial year and remained on track to meet guidance for pre-tax profits of £600mln for the current year, and £625mln in the year to April 30, 2024. Scholar suggested “perhaps the energy giant is attempting to impose political pressure on Truss who could announce a type of financing support for Centrica and others as part of her plans to tackle energy in her first course of action as PM.” The Government is set to announce its plans to deal with the energy crisis on Thursday. The government would agree to reimburse energy suppliers for their losses and the price of energy charged to businesses would be reviewed quarterly, according to the report. The FTSE 100 posted small gains in early afternoon trading with hopes that the Government would provide substantial support to alleviate the energy crisis set to be announced on Thursday.

Among UK companies with reports and updates are Go-Ahead, Ashtead Group, Berkeley Group and Rio Tinto.

Even the recent opening of the Elizabeth Line is likely to have a positive impact, with Berkeley already noting an uplift in properties along the line in London and the Thames Valley. The market consensus of the shares as a buy most likely reflects an increasingly undemanding valuation and perhaps equally importantly, the longer term view given the group’s access to a rarefied market in London and the South East.' An increasingly toxic combination of fears of persistent inflation, the propensity of consumers to buy given the tightening economic environment and a rising interest rate environment which puts further pressure on affordability. Forward sales, which at the full-year numbers in June stood at £2.2 billion, are expected to improve marginally, while the net cash position of £269 million remains intact. Activity weakness was broad-based in August, with none of the three monitored categories immune to the wider slowdown. This provides the group with flexibility, although from an acquisition perspective where the company has been active, few further developments are expected for the time being. New orders slowed to a crawl, while concerns about the sector and the wider economy led to a drop in confidence. 'As with its peers, cash generation also provides a healthy level of returns for shareholders. Meanwhile, the main positive from the latest survey was a solid increase in employment. Not only did construction activity fall for the second month running, but a range of indicators from the survey pointed to further weakness ahead. The pound managed to recover off its intraday lows yesterday... The FTSE 100 is up 0.4 per cent in afternoon trading.

Shares fell back 1% on the news. 1.00pm: Energy crisis should prompt investment in renewables - UBS. Analysts at UBS said higher energy prices will heighten the ...

Parity is still in radar for the pound bears.” These loans would be repaid from bills over the next 10-20 years. This comes after the home retailer last week detailed plans to sell shares, cut its workforce by 20%, and close 150 stores. With Liz Truss set to be officially appointed as Prime Minister today, Michael Hewson chief market analyst at CMC Markets UK, said “the next focus will be on the fiscal response to protect consumers as well as businesses from the sharp rise in energy prices that is coming our way in October.” Looking ahead, Tombs said “the outlook for retail sales, like much of the rest of the economy, now hinges on the scope of support measures to help households with higher energy bills announced by the new PM in the coming days.” The Government is expected to allow energy suppliers to take out government-backed loans in order to subsidise bills providing support to many households and businesses. Reports that the incoming Truss Government is to unveil a broad package of support to households and businesses provided support with analysts estimating the package could cost £100bn. The group said it had continued to trade well during the first four months of the current financial year and remained on track to meet guidance for pre-tax profits of £600mln for the current year, and £625mln in the year to April 30, 2024. Scholar suggested “perhaps the energy giant is attempting to impose political pressure on Truss who could announce a type of financing support for Centrica and others as part of her plans to tackle energy in her first course of action as PM.” The Government is set to announce its plans to deal with the energy crisis on Thursday. The government would agree to reimburse energy suppliers for their losses and the price of energy charged to businesses would be reviewed quarterly, according to the report. The FTSE 100 posted small gains in early afternoon trading with hopes that the Government would provide substantial support to alleviate the energy crisis set to be announced on Thursday.

06 September 2022. Hargreaves Lansdown joined the UK's 10 most shorted stocks in August as investment firms bet against financial companies. By Tom Aylott,.

Although it reached the top position in August, the number of shorted shares in Boohoo actually dropped by 0.15 percentage points to 7.74%. Online retailer, Boohoo, became the UK’s most shorted company in August after hovering near the top position for a number of months. Mirabella, Marshall Wace and Segantii became the latest firms to short the company after it revealed that its debt increased to £3.6bn from £2.7bn in the June the year before. Shorted shares in the company reached 5.69% throughout the month after Blackrock and Citadel Advisors became the latest firms to bet against the company, with a combined position of 1.36%. Pest control company, Rentokil Initial, was another stock to enter the UK’s top 10 most shorted companies in August after bets against the business increased 1.26 percentage points. Investment platform, Hargreaves Lansdown, became one the UK’s most shorted companies in August after short sellers increased their positions in the company by 1.89 percentage points.

The FTSE 100 index lifted 11.76 points to 7299.19, having closed marginally higher yesterday during a resilient performance aided by energy and commodity stocks ...

The builder tends to earn more profit in the second half of the year, in line with the seasonal peak in home-buying patterns. B&Q owner Kingfisher, which is one the most shorted stocks on the London market as hedge funds bet on a further downturn in fortunes, gained 4% or 9.5p to 249.1p. He has been saying so to the new PM. Alongside the main listing in Frankfurt, VW may sell to retail investors in Spain, Italy, Austria, Switzerland and France. For the current financial year, it expects pre-tax profit of £600 million. Global stock indices are struggling and VW says the plan also depends on conditions in the capital market. However, a rally in Kingfisher shares today of more than 5% means its shares are broadly flat over the past month. The iconic status of Porsche — who have tennis star Emma Raducanu as an ambassador — means a shortage of buyers is unlikely. Jon Jayal, CEO of Quixant told the Standard: Gaming’s been a remarkably resilient market in economic downturns. Energy stocks were also notable names on the list of falling stocks ahead of Truss’s response to the cost of living crisis, expected tomorrow. Persimmon was up by the same margin to 1497p. Both Rentokil Initial and C&C Group’s shares are down in the past month.

Shares of banks and retailers lifted UK's blue-chip FTSE 100 index on Tuesday, while Liz Truss prepared to take charge as the country's new prime minister ...

[(BKGH.L)](https://www.reuters.com/companies/BKGH.L) rose 4.8% after saying underlying sales in the first four months until August were ahead of year-ago numbers. [read more](/world/uk/uk-homebuilder-berkeley-says-robust-demand-offsets-higher-costs-2022-09-06/) [read more](/world/uk/uks-truss-plans-46-billion-energy-package-businesses-bloomberg-2022-09-06/) [read more](/markets/europe/omicron-boosts-uk-supermarket-spending-hits-hospitality-surveys-2022-01-11/) [read more](/world/uk/liz-truss-replace-boris-johnson-british-pm-tuesday-2022-09-05/) [(BP.L)](https://www.reuters.com/companies/BP.L) and Shell [(SHEL.L)](https://www.reuters.com/companies/SHEL.L) fell more than 1.5% each, tracking weaker crude prices. [(.FTMC)](https://www.reuters.com/quote/.FTMC) rose 1.3%, erasing previous session's sharp losses. [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) [(.FTNMX301010)](https://www.reuters.com/quote/.FTNMX301010) advanced 1.0%. [(.FTNMX404010)](https://www.reuters.com/quote/.FTNMX404010) climbed 4.2% and were on track for their best performance in more than three months. [(.FTSE)](https://www.reuters.com/quote/.FTSE) edged up 0.2% and was set to extend gains into a third straight session.

Shares in some of the UK's largest retailers and pub groups were among the biggest risers on London's stock market on Tuesday morning, after reports that ...

[fallen in recent months](https://www.theguardian.com/business/2022/aug/19/retail-sales-in-great-britain-rise-despite-cost-of-living-crisis), according to figures from the Office for National Statistics, as shoppers have started to cut back on spending amid the cost of living crisis and fears of an impending recession. The lender found that 83% of 2,000 surveyed said they are worried about the cost of living squeeze on their household finances, while 71% said they felt they had cut back their outgoings as much as possible. Despite this, shares in retailers traded higher on Tuesday, Streeter added, “with investors assessing that help will be on the way to ease the cost of living crisis which could put more money back in the pockets of their customers”. [Kingfisher](https://www.theguardian.com/business/kingfisher) all climbed more than 4% on the FTSE 100, as investors hoped that Truss’s economic measures could leave consumers with a little more spending money in their pockets, despite the cost of living crisis. [Mitchells & Butlers](https://www.theguardian.com/business/mitchellsandbutlers), JD Wetherspoon, Marks & Spencer and Greggs – pushed the more UK-focused FTSE 250 higher on Tuesday, in anticipation of a government spending package which would lessen the squeeze on households and help businesses to pay their own bills. Shares in Mitchells & Butlers – one of the UK’s largest pub groups and owner of chains including All Bar One, O’Neill’s and Toby Carvery – rose by 10% on the FTSE 250, while shares in the pub group

At 2.45pm the blue chip index was trading 27.60 points higher at 7315.03 while the broader FTSE 250 index was 255.56 points higher at 18885.24.

Parity is still in radar for the pound bears.” These loans would be repaid from bills over the next 10-20 years. This comes after the home retailer last week detailed plans to sell shares, cut its workforce by 20%, and close 150 stores. Looking ahead, Tombs said “the outlook for retail sales, like much of the rest of the economy, now hinges on the scope of support measures to help households with higher energy bills announced by the new PM in the coming days.” The BBC has reported the "deficit reduction scheme" is expected to form the centre piece of the government's attempt to tackle the high cost of energy for consumers. Reports that the incoming Truss Government is to unveil a broad package of support to households and businesses provided support with analysts estimating the package could cost £100bn. The group said it had continued to trade well during the first four months of the current financial year and remained on track to meet guidance for pre-tax profits of £600mln for the current year, and £625mln in the year to April 30, 2024. Scholar suggested “perhaps the energy giant is attempting to impose political pressure on Truss who could announce a type of financing support for Centrica and others as part of her plans to tackle energy in her first course of action as PM.” The Government is set to announce its plans to deal with the energy crisis on Thursday. The government would agree to reimburse energy suppliers for their losses and the price of energy charged to businesses would be reviewed quarterly, according to the report. The FTSE 100 posted small gains in early afternoon trading with hopes that the Government would provide substantial support to alleviate the energy crisis set to be announced on Thursday. "In a week that is dominated by central bank announcements from the RBA, BoC, and ECB, it should be noted that monetary policy’s ability to bring inflation under control in the face of weakening currencies and soaring energy prices is somewhat limited," said Joshua Mahony from online trading group IG in a note.

Spread betting companies are calling the lead index down by around 10 points. FTSE 100 is expected to make a subdued start to trading with US markets closed ...

Parity is still in radar for the pound bears.” These loans would be repaid from bills over the next 10-20 years. This comes after the home retailer last week detailed plans to sell shares, cut its workforce by 20%, and close 150 stores. Looking ahead, Tombs said “the outlook for retail sales, like much of the rest of the economy, now hinges on the scope of support measures to help households with higher energy bills announced by the new PM in the coming days.” The BBC has reported the "deficit reduction scheme" is expected to form the centre piece of the government's attempt to tackle the high cost of energy for consumers. Reports that the incoming Truss Government is to unveil a broad package of support to households and businesses provided support with analysts estimating the package could cost £100bn. The group said it had continued to trade well during the first four months of the current financial year and remained on track to meet guidance for pre-tax profits of £600mln for the current year, and £625mln in the year to April 30, 2024. Scholar suggested “perhaps the energy giant is attempting to impose political pressure on Truss who could announce a type of financing support for Centrica and others as part of her plans to tackle energy in her first course of action as PM.” The Government is set to announce its plans to deal with the energy crisis on Thursday. The government would agree to reimburse energy suppliers for their losses and the price of energy charged to businesses would be reviewed quarterly, according to the report. The FTSE 100 posted small gains in early afternoon trading with hopes that the Government would provide substantial support to alleviate the energy crisis set to be announced on Thursday. "In a week that is dominated by central bank announcements from the RBA, BoC, and ECB, it should be noted that monetary policy’s ability to bring inflation under control in the face of weakening currencies and soaring energy prices is somewhat limited," said Joshua Mahony from online trading group IG in a note.

Financial markets in the UK have reacted positively to the nomination of the new Prime Minister, Liz Truss. The FTSE 100 has effectively ...

The latter is seeing downward pressure as the confrontation with Russia continues to damage the European economy.” Financial markets in the UK have reacted positively to the nomination of the new Prime Minister, Liz Truss. Farah Mourad, Senior Market Analyst of XTB MENA said, “Truss has promised plans to resolve these issues.

Technology Minerals said Recyclus, its 49%-owned battery recycling business, received approval from the UK's Environmental Agency to recycle car batteries at ...

The next Tory leader will be announced today. Alien Metals entered into a binding agreement with Mallina Exploration to acquire a strategic tenement. Vistry agreed to take over rival Countryside Properties in a deal worth £1.25bn.

Europe's deepening energy crisis triggered more volatility for financial markets today, leading to fresh pressure for London-listed shares.

Dechra was back at 3238p after today’s fall of 258p, even though long-serving boss Ian Page said the veterinary pharmaceutical market was resilient and in growth. The FTSE 100 index dropped 0.9% or 64.38 points to 7216.81, representing a resilient performance in comparison with the 2.5% losses seen on the continent and the decline of 1.3% or 246.30 points to 18,606.92 for the FTSE 250 index. The Dax in Frankfurt is expected to open 400 points lower at 12,650, while CMC Markets is also forecasting a fall for the FTSE 100 index of over 70 points to 7211. The FTSE 100 has fallen 63.76 points to 7217.46, a resilient performance in comparison with declines of more than 2% for benchmarks in Europe. The economic impact of higher energy prices led to further pressure on currency markets, with the euro below 99 cents for the first time in two decades. In the FTSE 250 index, Aston Martin Lagonda shares fell 6% or 30.1p to 450p after it announced plans to raise £575 million through a 4-for-1 rights issue. The promotion capped a remarkable stock market story that began in 2000 when Dechra listed at 120p a share, rising to over 5000p by the end of last year. Dechra Pharmaceuticals continues to find the going tougher in the FTSE 100 index after shares in the veterinary drugs business suffered a big results-day slide. The Cheshire-based firm has lost about a third of its value so far in 2022, with the stock down another 7% at the top of a heavily-populated top flight fallers board today. Dechra was one of London’s top performing stocks during the pandemic, with strong demand for pets and pet related services boosting investor interest and helping to propel the company into the FTSE 100. Debt-ridden British carmaker Aston Martin has drafted in the support of Mercedes and the Saudi Arabian sovereign wealth fund after announcing a £576 million rights issue in a bid to shore up its finances. James Bond film favourite Aston Martin said it would use the capital raise to pay down its debts and invest in a new range of electric sports cars.

Victoria Scholar, head of investment, interactive investor said “Oil prices are trading higher with brent crude and WTI both up by around 2% as OPEC+ considers ...

The benchmarks started positive but turned sour in the afternoon, clinching their third-straight week of losses. “With the pound now below 1.1500 against the US dollar the new PM and the cabinet will need to set out how they intend to deal with the sharp rises in energy prices that are set to kick in next month, and without some form of government intervention to help with gas and electricity costs could see hundreds of businesses go to the wall.” “In order to stem some of the recent bearishness in the market, the cartel is understood to be considering reducing its production to limit supply and provide some support for prices.” “Although a production cut is on the table, the most likely outcome of today’s discussions is that OPEC+ sticks to its current output levels.” “But of course, the decision suspiciously came slightly after the G7 countries agreed to impose a price cap on Russian oil, probably around the Russian production cost.” Sunak has also committed to a bonfire of EU laws that are “getting in the way” of British businesses. Sunak would set a new legal target for the UK to be energy independent by 2045 at the latest and has committed to maintaining the government’s legally binding goal of reaching net zero emissions by 2050 and has assured the Tories’ green wing he would protect the environment. [Bank of England](https://www.proactiveinvestors.co.uk/PRIVATE-UK:BOE/Bank-of-England/) due to announce its next monetary policy decision on September 15th, the combination of weak activity growth and some better news on inflation could be consistent with a shift in the UK central bank's thinking.” “Combining the services reading with August's manufacturing survey, the composite PMI of 49.7 was the lowest for 18 months and pointed to the private sector as a whole stagnating.” “In tandem with August's manufacturing survey, the latest services gauge pointed to a slowdown in input price inflation” although “output price inflation accelerated slightly from July's five-month low.” “However, a fourth successive monthly decline in the index - to 50.9 from July's 52.6 - signals a further slowdown in activity growth.” Reflecting on the latest services sector PMI Martin Beck, chief economic advisor to the EY ITEM Club, said: “Amid a succession of downbeat developments for the UK economy, August's services PMI remained in expansionary territory, which provides some consolation.”

Ondo InsurTech PLC said Monday that it has appointed Kevin Withington as chief financial officer. ---. Close Brothers' Winterflood Business CEO to Retire, ...

"The fundamentals of the business remain robust with no sell recommendations on the stock from the analyst community," Scholar adds. veterinary pharmaceutical company has been facing a challenging 2022--a fall of more than a third of its value since the peak--despite reporting a 14% jump in revenue, raising its dividend and previously announcing further acquisitions, the analyst adds. "With shares down 65% year-to-date and 95% over the last five years, Aston Martin may be better off accepting a takeover off with the cheap share price and the slump in the pound arguably providing an attractive opportunity for an international automaker," she says. gas prices jumped 22% to 693 British pence a therm. Benchmark European gas futures surged 24% to EUR275.88 a megawatt-hour. "But given the negative growth environment--sterling is a procyclical currency--it is hard to see the pound turn around against the dollar," he says. As the legal-and-professional services provider already gave a positive update for FY 2022, investors will turn their attention toward the impact of inflation, especially wage inflation, talent acquisition, services demand and other factors that could impact on margins, Murray says. Investors will also look for news about the recent acquisitions of Adamson Jones and Smithers Purslow, the analyst says. Global grain inventories are expected to continue trending lower to 777.50 million metric tons in 2022-23 according to the USDA from 801.11 million tons in 2020-21. The deal is bold given the cost-of-living crisis, signs of a weakening housing market and rising interest rates, AJ Bell says. --- Still, Harbour Energy, BP and Shell are among a handful of risers as Russia's decision to suspend gas supplies to Europe through the Nord Stream 1 pipeline boosts Brent crude by 2.7% to $95.50 a barrel.

(RTTNews) - U.K. stocks were moving lower on Monday after a survey showed the U.K. service sector growth slowed down further in August.

stocks were moving lower on Monday after a survey showed the U.K. Europe's energy woes and anxiety ahead of the announcement of a new prime minister later in the day also weighed on sentiment. (RTTNews) - U.K.

Russia's decision not to resume gas flows through the main Nord Stream 1 pipeline to Germany has prompted a surge in European wholesale gas costs, ...

[DPH](/equities/dechra-pharma)) are also due. The benchmarks started positive but turned sour in the afternoon, clinching their third-straight week of losses. The FTSE 100 is expected to open sharply lower when trading resumes on Monday following the sharp falls in the US on Friday and news that Russia is suspending gas deliveries via the Nord Stream 1 pipeline indefinitely. “With the pound now below 1.1500 against the US dollar the new PM and the cabinet will need to set out how they intend to deal with the sharp rises in energy prices that are set to kick in next month, and without some form of government intervention to help with gas and electricity costs could see hundreds of businesses go to the wall.” [VTYV](/equities/bovis-homes)) PLC (LSE:VTY) has agreed to buy Countryside Partnerships PLC (LSE:CSP) in a £1,254mln deal. Michael Hewson chief market analyst at CMC Markets UK said: “The late US weakness looks set to translate into a sharply lower European open as we look ahead to a big week for the European Central Bank, as they look to navigate a way through a crisis that could put the finances, as well as the borrowing costs of some of the weaker members of the currency bloc under huge strain.”