News

New Jerseyans are 'Sleepwalking into a Debt Crisis': Consolidation No Longer the Safety Net, Expert Warns. 

• Utilizing personal loans to consolidate credit card debt is no longer viable.
• New

• Full year guidance remains unchanged
• Group sales down 4% in 17 weeks to 26 August
• Computer sales weak
• Cost savings still front and centre

Currys's Full Year Guidance Remains Unchanged

• Half-year revenue rose 4.5% to £5.9bn, up 0.6% at constant currency
• Adjusted operating profit rose 6.5% to £438.3m, up 2.5% at constant currency
• Dividend up 5.2% to 18.2p
• 12 acquisitions

• Profit before tax up 4% to £233.9m
• Group turnover up 21% to £2.24bn
• Customers up 4% to 9.41m
• Interim dividend down 15% to 51.0p, 38.0p normal + 13.0p special

Admiral’s Price Hikes

• Operating profit of £941m, down 2%
• Dividend of 5.71p, up 5%
• Stock of deferred profits up to £13.8bn

Legal & General’s Earnings

“Don’t be alarmed if numbers look a little different to

Look ahead to FTSE 350, other companies reporting & economic events from 14-18 August

• Legal & General Group Plc (LON:LGEN) looks to capitalise on the higher rate environment
• Can Admiral

• FTSE 100 opens lower
• US Futures rise ahead of CPI data later this week
• Halifax house price index fall 2.4% in July
• Brent oil hovers around 4-month high

FTSE 100 Opens Lower

“UK

• Second quarter net sales of $134.4bn far ahead of expectations of $131.5bn as retail and AWS sales rise
• AWS profits dip to $5.4bn from $5.7bn last year, North America retail back in profit

• UK/European markets look to steady after US/Asian sell-off.
• Bank of England meets to decide whether to hike rates once more.
• Rolls Royce reports vastly improved performance at half-year

• First-half sales of £12.0bn, up 11% ignoring exchange rate impacts
• Underlying operating profit rose 10% to 1.3bn
• Interim dividend raised 11% to 11.5p

BAE Systems’ Earnings

“A strong

• Half-year total income rose 24% to £7.7bn
• Net interest margin rose from 2.58% to 3.20%, 3.13% for Q2
• Net impairment charge of £223m, default levels remain steady
• Earnings per share of

Key Points

• Rivian stock has surged nearly 87% in the last month and 106% in the previous three months.
• Analysts maintain a Moderate Buy rating with a consensus price target of $27.11

Compass Group plc (LON:CPG)’s third-quarter revenues grew by 15% on an organic basis, helped by double-digit increases in all regions. This has been achieved through a combination of volume and

VettaFi’s Fixed Income Symposium kicked off Monday morning with a discussion about the state of fixed income. Where will the Fed go next, and what can we learn from bonds’ return to relevance? How

Key Points

• Rivian’s stock has risen over 40% year-to-date after breaking above critical resistance levels and establishing firm support.
• The stock broke out after the company announced

Look ahead to FTSE 350, other companies reporting & economic events from 17 – 21 July

• Can Ocado Group PLC (LON:OCDO) overcome a difficult economic backdrop?
• Will sluggish market conditions

Key Points

• Shares of Elox surged almost 100% after receiving an increased price target from Oppenheimer and published preclinical data demonstrating activity against subtypes of colorectal

• Hunt and Sunak to consider review bodies’ pay proposals
• Barratt still on track to meet expectations
• UK GDP shrinks in May, but not by much
• Bob Iger given 2 more years at Disney
• Chinese

Mark Levin Salutes NLPC for Confronting Corporatists The Ben & Jerry’s ice cream company, a subsidiary of the London-based conglomerate Unilever, “celebrated” Independence Day by claiming that

Currys’ (LON:CURY) full-year revenue fell 7% to £9.5bn on a like-for-like basis, with declines in all markets except Greece. This was due to a fall in consumer spending as persistent inflation and