FTSE 100 Live FTSE 100 slides weighed down by fall in AstraZeneca

FTSE 100 Live: FTSE 100 slides weighed down by fall in AstraZeneca

The FTSE 10 0-type stock index was driven by the fall of Astrazena, Parsimon, and SSE, and the transaction was completed at the worst level of the day.

At the closing price, the London's excellent stock index was 33. 27 points (0. 4 %) of 7. 595. 48, and the FTSE250 has finished transactions at a flat of 19. 102. 72.

Online Trading Platform IG's Chief Market Analyst, Chris Bows Chan, has fallen by 40 points today's FTSE100, and the other European markets are leaning today. He pointed out.

He added that Astra's poor performance after summer was a major factor that the FTSE100 would not be delayed to other companies in the industry, and today's numbers suggest that this burden will continue for the time being.

Bat shares have risen by 7 % after Mondy confirmed that Mondi had consulted DS Smith for a merger and BAT was considering selling Indian ITC shares.

3:10pm: Entain climbs after top-end revenue from BetMGM

Entein PLC (LSE: ENT) reported on Thursday that a strong financial return would be obtained in 2023 from US joint venture BETMGM.

BETMGM, the owner of Ladbrokes and Coral, has announced that pure income from BETMGM's business has reached $ 1. 96 billion, up 36%yea r-o n-year, reaching the $ 1. 8 billion of $ 1. 8 billion.

In both IGAMING and online sport s-betting, the main indicators have improved the average monthly action, initial amount, continuation rate, bonus level, net game revenue, and unit prices.

BETMGM has a profitable profit for the second half of 2023, and the profit before the deduction of depreciation expenses is in the black, and EBITDA in 2023 is expected to be about $ 67 million.

For the 2026 EBITDA target of $ 500 million, maintained ordinary guidance as of December 2023.

Enteein's stock price rose by 1, 5%in London, 987, 00 pense.

2:40pm: Subdued start in the US

NY shares started in the town because employment statistics were strong and immediate interes t-down observations have receded.

Immediately after the opening, the average of 30 types of Dow Industries has risen by 0. 1 %, 38. 715, 35 points, the S & P500 index dropped small, 4. 993, 07 points, and the Nasdaq Comprehensive stock index to 15. 758, 7777 points.

The number of new unemployment insurance applications in the United States has decreased more than expected in the last week.

According to the Ministry of Labor, the number of new unemployment insurance applications for the week ended on February 3 increased from 227. 000 in the previous week. The level of the previous week was revised up 3. 000 to 3. 000.

The FXSTREET consensus was below 220. 000. The 4-week moving average was 212. 250, up 3. 750 from the previous week's revised average.

1:34pm: Mondi says DS Smith deal an "exciting opportunity"

Mondi issued a statement on its potential merger with DS Smith.

The company said it sees the potential stock combination with DS Smith as an exciting opportunity to create an industry leader in sustainable paper-based packaging solutions in Europe.

The combined business will be well positioned to benefit from structural growth trends in sustainable packaging, benefit from enhanced vertical integration, and provide greater earnings resilience through cycles and improved paper supply security.

There are also significant synergies expected.

Mondi's strategy is to deliver value growth and, as mentioned above, it takes a disciplined approach to acquisitions and investments from a capital allocation perspective, he said.

Mondi said it remains committed to maintaining a strong and stable financial position, supported by a strong investment-grade credit rating, and a dividend policy aimed at providing shareholders with long-term dividend growth under a coverage policy.

1:06pm: German house prices fall at fastest annual pace in 60 years

House prices are falling the fastest in Germany.

According to the German Real Estate Index published by the Kiel Institute for the World Economy, house prices fell sharply in Europe's largest economy last year.

Sale prices for apartments fell 8, 9% during 2023, while single-family home prices fell 11, 3%. Prices for multifamily homes fell 20, 1%.

The decline narrowed in the fourth quarter as some banks cut mortgage rates.

"Perhaps house prices are starting to stabilize," said Moritz Schlarick, president of the Kiel Institute.

12:27pm: UBS cuts LSEG on forex, Credit Suisse hit

UBS removed the London Stock Exchange from its "buy" list due to currency fluctuations and Credit Suisse's success with business losses.

The Swiss bank downgraded its investment rating to "neutral" from "buy" and reduced its price target by 5% to 10, 000 pence per share.

UBS also lowered its earnings per share forecasts for 2023/24/25 by 2%/5%/6% respectively.

Roughly half of the EPS cut was due to currency movements, with the US dollar weakening by 3-4% in the second half of 2023, and the other half was due to the impact of Credit Suisse's operating losses, it said.

Ironically, UBS rescued Credit Switzerland last year.

The stock price is traded at 1. 0 % cheaper.

12:06pm: US stocks seen edging lower

The US stock on Thursday is expected to start at a small price due to the idea of ​​whether the S & P500 type stock index breaks through the 5, 000 storm. It is noted that it will break through.

In front of the market, Dow average futures dropped by 0. 1 %, S & amp; P500 dropped by 0. 2 %, and Nasdaq 100 decreased by 0. 2 %.

On Wednesday, hig h-tech stocks such as Meta, Nvidia, and Microsoft rose again, and S & P updated the hig h-day price, but did not reach $ 5, 000.

Investors have good achievements, including Philip Morris, Konoko Philips (NYSE: COP, ETR: YCP), Apollo Global Management (NYSE: APO), Kenview, Hassie, T-Row Price, Spirit Airlines, Ralph Lauren. The brands you expect will be on the first day one after another.

Pintalest, Illumina, and Expedia will announce their financial results after the closing.

Before opening, the number of new unemployment insurance applications, which will be the indicator of Reof, is expected to decrease from 224, 000 last week to 22. 2 million last week.

11:30am: AstraZeneca slips after earnings miss

The stock price of Astrazenka (LSE: AZN) is now falling 5. 5 % due to the unprecedented financial results for the fourth quarter.

Sean Capital's analyst Seancapital said that the sales were as expected as the consensus, but the core EPS was 3 % later than expected.

Oncology sales were 1 % lower than expected, and Taglisso was lower than 4 %.

R & D expenses, sales expenses, and general management expenses exceeded expectations, so the core operating income dropped significantly than expected and gave guidance 14 %.

Nevertheless, Conroy has not lost his positive attitude toward the stock price. The target stock price of 000 pense was set.

"We continue to believe that premiums will be justified based on profits and pipeline growth prospects.

11:04am: NatWest to poach UBS executive to join Coutts

Sky News reported that Natewest Group PLC (LSE: NWG) has transferred Emma Crystal from UBS and participated in the Wealth Management category, including the Cats and Banking.

Crystal joined a stat e-run financial institution from a major Swiss bank as a successor to the Cots Company executive who was forced to leave the company last year by Nigel Farage's "deban king" turmoil.

Crystal, who also worked in Credit Switzerland, will be the second highest executive of the Wealth Management Division, including Peter Frabel, who left Natewest last summer.

10:22am: DS Smith jumps after Mondi approach

DS Smith has confirmed that Mondi PLC (LSE: MNDI) has been "extremely preliminary interest statements" regarding integration with DS Smith.

"The DS Smith's Board of Directors understands that Mondi is considering suggestions for acquisition to DS Smith, but has not received proposals at this stage."

After the announcement, Mondi's stock price has risen 13%and is currently falling 2. 2%.

Smartfit Kappa rose 5. 6%, which is also supported by JP Morgan's favorable comments.

9:50am: DS Smith climbs on vague bid talks

DS Smith's stock price rose sharply due to bidding rumors. BETAVILLE suggested that the company, including private equity companies, is interested in the acquisition.

The report was enough to push the stock price to nearly 6 %, with Smartfit Kappa, 5, 3 % and 2, 7 % Mondi.

Other than that, BAT, Unilever, and Compass have been stopped after updating on Thursday.

Interactive Investor Richard Hunter said, "It's at a starting point for transforming business transformation," the company said.

Past growth is the main factor in raising products than increasing sales volume, and the group is paying attention to this special mix.

In the fourth quarter, he explained that the situation has improved a little by 1, 8 %, contributing to 4, 7 % of the total.

Hunter believes that the next stage of a relatively new CEO strategy is to simplify the operating model, but it may take time to complete it.

"For investors, today's updates are a number of promising signs, but the examinations will continue until the strategy has appeared," he added.

9:15am: BAT mulls sale of stake in ITC

The BDT is currently rising 6, 0%, and another support factor was that the company is considering investing in India ITC.

"We have been aggressively working to complete the regulatory process necessary to make a part of the equity flexible, and we will report to you as soon as possible," said the Company. 。

Analysts believe it is worth 15 billion pounds.

Jeffrey's analyst says, "To put it together, ITC's comments and speculation about it have no changes in the split politics that crowded the paper, and that it will be versatile and positive for the centment.

8:45am: BAT up on earnings beat, Compass gains on upbeat trading

The FTSE100 maintains a positive area and has 7. 634, 16 points, up to 5 points.

With the development of new categories such as bape, electronic cigarettes, and nicotine patches, the BDT was a good financial statement that exceeded the analyst forecasts, rising 4, 1 %.

According to Adam Bettes, an investment platform analyst, "It has long been clear that cigarettes need sel f-reforms as smoking rates and smoking alternatives become widespread.

"British American tobacco has been in this process in recent years, and the latest profits have exceeded expectations after the fall of 2024, which has fallen by 30 %."

Compass Group PLC (LSE: CPG) was also performing well, rising 3. 4%after reporting tw o-digit organic income growth in the first quarter of the fiscal year.

Sall y-based food catering companies have announced that sales have been organically increased by 12 % in three months ending on December 31.

This was a 13 % increase in the European region and the other regions increased by 12 %. North America's growth rate was 11 %.

In particular, the company added that business and industrial customers have exceeded the expectations of the "synchronization of the previous year".

8:15am: FTSE 100 opens higher as investors digest earnings

The FTSE 10 0-specific stock index began as an investor expanded the financial results of many influential indices.

At 8:15 am, London's excellent stock index rose 0. 2 % to 7. 644, 03 points.

In addition to the three brands of Astrazenka, Uneliva, and British American tobacco, compass, Anglo American, and SSE have risen today.

The reaction in the early stages varied

Astrazenka fell 1. 9 %, despite the increase in sales and profits in the fourth quarter.

Deren Nathan, Director of Hereglives Lands Down, said: "Astrazeneka has made a decrease in sales of COVID-19 with a strong performance in 2023, and in the third quarter. New drugs have been approved and they are not in their position. "

Unilever has risen by 3, 0%, reporting the recovery of the sales volume with new shares.

Although SSE remained in business forecasts, it has announced that the turbine installation of Dogger Bank Wind Power Station has been hit by the weather and the full operation may be after 2025.

7:51am: Unliever in new buyback but performance "needs to improve"

Unilever PLC (LSE: ULVR) has started buying a $ 1. 5 billion of $ 1. 5 billion and reported its basic sales growth in the fourth quarter.

According to the company, a reported company of FTSE100, which manufactures Hermans mayonnaise and DaV Soap, the basic sales in the fourth quarter up to 4. 7 % to 14. 2 billion euros, but the GAA P-based sales are 3. 0 %. The decrease was recorded.

In 2023, basic sales increased by 7 % to € 5960 billion, but operating income decreased by 9 % to 976 billion euros.

Hein Schumacher said, "There is still something to do."

"Today's financial results have improved financial achievements in regression to the number of units and reconstruction of margins.

"However, our competitiveness is still disappointing and we need to improve overall performance.

Basic sales of beauty and wellby swings increased 7, 9 % yea r-o n-year, sales of personal care increased by 6, 4 %, and food sales increased by 4, 7 %. Ice cream sales decreased by 0. 4 %.

A new acquisition of 1. 5 billion euros was approved in 2024.

Unilever said that the company's 30 brands (about 75 % of sales) challenged growth and profit margin, and basic sales increased by 8, 6 %.

The company expects the basic sales growth rate in 2024 to be 3 % to 5 % in the long term, and believes that the balance between quantity and price will be better.

7:45am: BAT sees progress in new category sales

British American tobacco PLC (LSE: BATS) reported on Thursday that new categories such as vapes (VAPES) have increased, and basic profitability has improved slowly.

FTSE 100 companies' FTSE2023 sales increased by 1. 6 % to £ 272. 8 billion, supported by 15. 6 % of new categories.

BAT's operating loss was £ 15. 75 billion, and the no n-cash costs of 27. 6 billion pounds related to US businesses were affected.

Excluding this, operating income increased by 3. 1%to £ 12. 47 billion.

After adjusting the potential stock, EPS increased by 4. 0%to 375, 6 penses, and dividends increased 2. 0%to 235, 52.

Caustic soda total sales increased by 0, 6%, and organic prices/ mixes were 6, 1% plus, but sales volume and regional mixing due to US macroeconomic pressure in the United States mainly influenced premium segments. It was offset.

"The new category has been driven by Vue and Vero to increase sales and profitability," "The new category has been driven by Vues and Vero.

"As a result, the new category portfolio has become profitable two years earlier than the initial goal.

"In barrels, commercial plans in the United States enable the initial signs of recovery from portfolio."

7:00am: FTSE 100 expected to edge higher while S&P 500 closes in on landmark

The FTSE 10 0-type stock index is expected to begin on Thursdays at a small amount in response to the U. S. Market's rise in technology and updating the highest ever.

The London's major stock index is expected to rise by about four points after transactions at 7. 628. 75 points, 52. 26 points lower.

In Wall Street, the S & Amp; P500 index rose 0. 8%to update the highest day during the day.

In Asia, China's January consumer price has fallen at the fastest pace in the past 14 years.

This data will spur the voices of a boost for economic revitalization.

"In a nutshell, China's efforts to stimulate growth and recover inflation are not functioning as planned," said Swiss Court Bank's senior analyst, Swiss Court Bank Senior Analyst. I talked.

Returning to London, compasses, BATs, Astrazeneka, Uneliva, SSE, Anglo American, etc. will be announced by FTSE100. < SPAN> London's major stock index is expected to rise by about 4 points after transactions at 7. 628. 75 points, 52. 26 points.

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Elim Poon - Journalist, Creative Writer

Last modified: 27.08.2024

FTSE Live 7 May: Index closes up points at yet another record high, BP profits down, FRC fines · FTSE Live Tuesday · Wetherspoons. Sept 5 (Reuters) - Britain's benchmark FTSE stock index ended lower on Thursday, weighed by a decline in pharma shares, while a handful of. The FTSE today dipped points to as AstraZeneca fell 2% or p to leave London's biggest stock at 12,p for a value near £.

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