In mid-morning trading the FTSE 100 is down five points as traders fail to get excited about earnings season.
GKN is leading the FTSE 100, with the engineering firm raising its profits and dividend. The strong pound has weighed on its sales but it hasn’t affected the share price, which is up over 6%. It would appear that there is no stopping Next, the fashion retailer has gone from strength to strength after it announced another increase in profits and raised its full-year guidance. The increase in market regulation and a drop in market volatility are evident when looking at the revenue stream from interdealer broker Tullet Prebon. Major inverstent banks are earning less from fixed income, currencies and commodities, and this is trickeling down to the deal makers. BP is being tarred with the same
brush as Russia, and being in bed with the oil producing nation could hit its second-quarter profits. Additional sanctions could be slapped on Moscow and the judgement from Yukos oil could hurt Rosneft, which BP owns a stake in.
In the US, we are expecting the Dow Jones to open 20 points lower at 16,965. Herbalife missed expectations, which took investors by surprise, after previously exceeding quarterly estimates for over five years in a row. The stock fell over 10% in post-market trading.
GKN is leading the FTSE 100, with the engineering firm raising its profits and dividend. The strong pound has weighed on its sales but it hasn’t affected the share price, which is up over 6%. It would appear that there is no stopping Next, the fashion retailer has gone from strength to strength after it announced another increase in profits and raised its full-year guidance. The increase in market regulation and a drop in market volatility are evident when looking at the revenue stream from interdealer broker Tullet Prebon. Major inverstent banks are earning less from fixed income, currencies and commodities, and this is trickeling down to the deal makers. BP is being tarred with the same
brush as Russia, and being in bed with the oil producing nation could hit its second-quarter profits. Additional sanctions could be slapped on Moscow and the judgement from Yukos oil could hurt Rosneft, which BP owns a stake in.
In the US, we are expecting the Dow Jones to open 20 points lower at 16,965. Herbalife missed expectations, which took investors by surprise, after previously exceeding quarterly estimates for over five years in a row. The stock fell over 10% in post-market trading.
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