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 pre-open: Stocks to fall after UK jobs data, ahead of US inflation
(Sharecast News) - London stocks were set to fall at the open on Tuesday as investors mulled the latest UK jobs data and looked to the release of US inflation figures. The FTSE 100 was called to open 15 points lower at 7,458.
CMC Markets analyst Michael Hewson said: "As we look ahead to today's European open the main focus will be on US CPI numbers for August, followed by PPI tomorrow, as hopes grow that we may well have seen the peak, in the US at least."
On home shores, data from the Office for National Statistics showed that the unemployment rate fell to 3.6% in the three months to July from 3.8% in the previous quarter, hitting its lowest level since 1974. Economists were expecting the rate to be unchanged.
Meanwhile, total pay including bonuses rose 5.5% on the year, up from 5.2%, while regular pay grew 5.2%, up from 4.7%. In real terms, however, total pay fell 2.6% and regular pay was down 2.8%.
In corporate news, Ocado Retail said it expected a small fall in annual sales as customers started to tighten their belts amid the cost-of-living crisis.
The joint venture between Ocado Group and retailer Marks & Spencer also said it now expected close to break-even core earnings. It had previously forecast low single digit revenue growth and a low single digit profit margin.
Media company Future said that the "encouraging performance" detailed by the group in its June trading update had continued despite operating within a "challenging macro" environment.
Future said that full-year adjusted operating profits were projected to be at the "top end" of market expectations of £266.4m to £270.7m after it witnessed a return to organic audience growth in the second half, with Covid comparators fully lapped.
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.