FTSE to edge higher on busy corporate earnings day

Taking its lead from Asian and US markets, the top-share index in London is set to open 7 points higher than yesterday’s close on a hectic day of corporate earnings releases and with a glut of stocks going ex-dividend.

Oil prices weakened overnight, while precious metals were on the up.


The Dow Jones Industrial Average closed 0.45%, or 97.58 points, higher at 21,711.01, the S&P 500 climbed 0.03%, or 0.7 points, to 2,477.83 and the Nasdaq Composite added 0.16%, or 10.57 points, to 6,422.75.

In Asia this morning, the Nikkei 225 was up 0.13% at 20,077.01 and the Hang Seng was 0.5% higher at 27,075.36.

At 6.00am, WTI crude was down 0.23% to $48.64 per barrel and Brent was 0.2% lower at $50.87 per barrel. Gold was higher, up 1.12% at $1,269.7 an ounce, with silver and copper also firmer.


Final results are expected from Angle, Diageo, Renishaw, Sky and Torotrak.

Interim results are due from Anglo American, AstraZeneca, British American Tobacco, Bodycote, Burford Capital, Countrywide, Glencore, Inchcape, Indivior, Intu Properties, Just Eat, Jardine Lloyd Thompson, Lloyds Banking Group, Lancashire Holdings, Mitchells & Butlers, National Express, Novolipetsk Steel, Primary Health Properties, Royal Dutch Shell, RELX, Rentokil Initial, Schroders, Seplat, Smith & Nephew, St James’s Place, Telefonica, Greencoat UK Wind, Vesuvius and Weir.

Meanwhile, CMC Markets, Daily Mail and General Trust, Kaz Minerals, Ladbrokes Coral, Sophos, Tate & Lyle and Thomas Cook are scheduled to release trading updates.

In addition, shareholder meetings are to be held by CMC Markets, Escape Hunt, Etalon Group, Orogen Gold and Volex.

A plethora of stocks go ex-dividend today.

Story provided by StockMarketWire.com