Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
London open: Inflation again in focus at quarter's end
(Sharecast News) - Stocks were edging up in the final trading session of the second quarter, as investors waited on the release of key inflation data in the euro area and U.S..
As of 0902 BST, the London's top-flight index was edging up by 0.26% to 7,491.09, alongside a 0.27% advance to 18,319.23 on the FTSE 250.
Another batch of stronger-than-expected economic data published the day before had pushed bond yields higher and dragged on stocks during the prior session.
That prompted Michael Hewson, chief market analyst at CMC Markets UK, to tell clients: "The surprising resilience of US economic data this week has made it an absolute certainty that we will see another rate increase in July, but also raised the possibility that we might see another 2 more rate increases after that."
Overnight China's National Bureau of Statistics said that its manufacturing sector Purchasing Managers' Index improved from a reading of 48.8 for May to 49.0 in June.
However, the non-factory PMI slipped from 54.5 to 53.2 (consensus: 53.5).
Back in the UK, Nationwide reported that UK house prices eked out a 0.1% month-on-month rise in June, but the annual rate of increase dipped from -3.4% for May to -3.5% this time around.
Earlier, the Office for National Statistics had confirmed an earlier estimate of 0.1% quarter-on-quarter growth in the UK economic during the first three months of 2023.
Still ahead for later in the session, at 1000 BST Eurostat was scheduled to release a preliminary reading for euro area consumer prices in June.
That would be followed at 1330 BST by U.S. Department of Commerce figures for the personal consumption expenditures price deflators for June.
Also due out were MNI Chicago's factory sector index for June and a final reading on US consumer confidence for the same month out of the University of Michigan.
Centrica squirrels away for the winter
Energy group Centrica has increased capacity at its previously mothballed Rough gas storage facility, it confirmed on Friday. The owner of British Gas said that following engineering work, the facility - located 18 miles off the coast of east Yorkshire - can now hold 54bn cubic feet of gas, the equivalent of around six days of average gas use.
Global automotive distributor Inchcape has formed a global strategic partnership with China's Great Wall Motor Company, the company said on Friday.Under the partnership, Inchcape and GWM will develop new areas of collaboration, including opportunities to distribute GWM vehicles in markets where Inchcape is already present, starting with Indonesia.
Barratt Developments has agreed the future sale of 604 homes to Citra Living Properties, a wholly-owned subsidiary of Lloyds Bank for £168.4m. The housebuilder on Friday said it would recognise revenue and profit on the legal completion of each home under the sale agreement.
Endeavour Mining announced the sale of its 90% interests in the Boungou and Wahgnion mines in Burkina Faso to Lilium Mining for over $300m on Friday. The consideration included upfront and deferred cash payments, as well as net smelter return royalties. Following the sale, Endeavour updated its 2023 production and cost guidance, with a decrease in production but an improvement in all-in sustaining costs.
Market Movers
FTSE 100 (UKX) 7,502.72 0.42% FTSE 250 (MCX) 18,335.91 0.36% techMARK (TASX) 4,450.26 0.17%
FTSE 100 - Risers
Ocado Group (OCDO) 551.60p 2.11% NATWEST GROUP (NWG) 239.60p 1.83% Weir Group (WEIR) 1,766.00p 1.79% Abrdn (ABDN) 218.60p 1.44% Centrica (CNA) 121.75p 1.42% BP (BP.) 461.10p 1.39% IMI (IMI) 1,616.00p 1.38% Rentokil Initial (RTO) 608.80p 1.33% Informa (INF) 726.80p 1.28% Melrose Industries (MRO) 506.40p 1.24%
FTSE 100 - Fallers
Airtel Africa (AAF) 108.30p -1.72% United Utilities Group (UU.) 962.80p -1.37% Endeavour Mining (EDV) 1,839.00p -1.34% Severn Trent (SVT) 2,570.00p -0.89% Scottish Mortgage Inv Trust (SMT) 662.20p -0.48% Associated British Foods (ABF) 1,977.00p -0.33% WPP (WPP) 814.20p -0.32% National Grid (NG.) 1,035.00p -0.29% Vodafone Group (VOD) 74.14p -0.27% Rolls-Royce Holdings (RR.) 148.45p -0.17%
FTSE 250 - Risers
Aston Martin Lagonda Global Holdings (AML) 359.00p 4.54% Ruffer Investment Company Ltd Red PTG Pref Shares (RICA) 283.50p 2.53% Drax Group (DRX) 575.80p 2.53% Liontrust Asset Management (LIO) 731.50p 1.88% BH Macro Ltd. GBP Shares (BHMG) 379.50p 1.74% Wood Group (John) (WG.) 137.40p 1.70% Balanced Commercial Property Trust Limited (BCPT) 66.40p 1.68% HICL Infrastructure (HICL) 134.60p 1.66% Carnival (CCL) 1,248.00p 1.63% Indivior (INDV) 1,816.00p 1.62%
FTSE 250 - Fallers
ICG Enterprise Trust (ICGT) 1,050.00p -4.37% Tyman (TYMN) 250.50p -1.96% Abrdn Private Equity Opportunities Trust (APEO) 438.00p -1.79% Fidelity China Special Situations (FCSS) 202.00p -1.70% Bridgepoint Group (Reg S) (BPT) 198.40p -1.68% TR Property Inv Trust (TRY) 261.00p -1.51% Bakkavor Group (BAKK) 95.00p -1.45% North Atlantic Smaller Companies Inv Trust (NAS) 3,490.00p -1.41% BlackRock Greater Europe Inv Trust (BRGE) 526.00p -1.31% Plus500 Ltd (DI) (PLUS) 1,454.00p -1.22%
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity and Inclusion | Doing Business with Fidelity | Fidelity gender pay report | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Security | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.