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UK stocks rundown – BP increased dividend, buybacks; Greggs sales recover

Stock MarketsAug 03, 2021 08:43
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© Reuters.

By Samuel Indyk

Investing.com – At 08:36BST, the FTSE 100 is trading higher by 0.3% at 7,104.35. The midcap FTSE 250 is trading higher by 0.3% at 23,269.47.

In FX markets, GBP/USD is trading at 1.3914, EUR/GBP is trading at 0.8538. The US Dollar Index is lower by 0.1%.

Today’s calendar is relatively quiet. Highlights include Eurozone PPI (10:00BST), US Factory Orders (15:00BST) and weekly API inventory data.

On Thursday, the Bank of England announces its latest monetary policy decisions.

Friday is the July US Nonfarm Payrolls report.

Stocks        

BP (LON:BP) (+2.4%) – Hikes dividend and increased size of share buyback as profit beat expectations.

Greggs (LON:GRG) (+1.5%) - Two-year like for like sales for first half down 9.2%, however they’ve been positive since non-essential retail reopened. Expects full year profit to be slightly ahead of previous expectations.

Travis Perkins (LON:TPK) (-2.2%) - Raised 2021 earnings outlook following strong performance in merchanting business. Announces special dividend of £0.35 per share.

Wizz Air (LON:WIZZ) (+0.1%) - Carried 2,956,000 passengers at a load factor of 79% in July.

TP ICAP (LON:NXGN) (-3.9%) - Revenue in the Period of £936m, 1% lower than the equivalent period last year. Expects full-year revenue to be broadly in line with 2020.

Rotork (LON:ROR) (-6.4%) – CEO Kevin Hostetler to step down. Reported pre-tax profit climbed from £50m to £54.1m.

Smiths Group (LON:SMIN) (-5.8%) – To sell medical division to US PE firm TA Associates for £1.7 billion.

Domino’s Pizza (LON:DOM) (+3.5%) – Reports 27.7% increase in underlying profit before tax in H1. Boosts share buyback by £35 million.

Hiscox (LON:HSX) (+3.5%) – Reported a profit of $133.4 million in H1 compared to loss of $138.9 million a year earlier. Resumes interim dividend.

Sectors

Travel & Leisure – UK set to scrap proposal to create an “amber watchlist” of countries at risk of moving to red.

UK stocks rundown – BP increased dividend, buybacks; Greggs sales recover
 

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