By Samuel Indyk
Investing.com – At 08:03BST, the FTSE 100 is trading lower by 0.3% at 7,198. The midcap FTSE 250 is trading lower by 0.1% at 23,727.
In FX markets, GBP/USD is trading at 1.3857, EUR/GBP is trading at 0.8468. The US Dollar Index is flat.
Today’s calendar highlights include Eurozone industrial production, US jobless claims and PPI and interest rate decisions from Turkey and Mexico.
Data
UK Q2 GDP (QoQ) was in line with expectations at 4.8%. Hospitality benefitted from first full month of indoor dining. Spending on advertising boosted by reopening of many services. GDP still around two percentage points below pre-pandemic peak.
Stocks
Coca Cola HBC (LON:CCH) - H1 FX-neutral revenue growth +23.1% like-for-like. Volume growth of 15.9% like-for-like. Continue to expect a strong recovery in FX-neutral revenues and now believe can achieve a 20-30bps EBIT margin expansion this year.
Entain (LON:ENT) - H1 revenue up 12% to £1.767 billion. Underlying EBITDA up 12% to £401.1 million. 22nd consecutive quarter of double-digit growth. BetMGM JV firmly established as number two operator of sports betting and iGaming market in US. Not proposing interim dividend.
Aviva (LON:AV) - To return at least £4 billion to investors by end of H1 2022, including £750 million share buyback starting immediately. Adjusted operating profit up 17% to £725 million.
Tui (LON:TUIT) - 876,000 customers departed in Q3 vs 159,000 in Q2. Added 1.5 million summer bookings since H1.
Boohoo (LON:BOOH) - Retailer to crate 5,000 jobs on the back of a £500 million investment programme over the next five years.
Cineworld (LON:CINE) - Majority of capacity restrictions lifted in US and UK since 21st July. Gradual recovery of admissions and demand since reopening. Admissions in H1 were 14.1 million versus 47.5 million in H1 last year. Considering a listing of Cineworld in or partial listing of Regal in the US.