UK market update – Unemployment rate falls, BT gets new chair

imageStock Markets12 hours ago (Aug 17, 2021 08:35)

© Reuters.

By Samuel Indyk – At 08:32BST, the FTSE 100 is trading lower by 0.25% at 7,136. The midcap FTSE 250 is trading lower by 0.4% at 23,615.

In FX markets, GBP/USD is trading at 1.3809, EUR/GBP is trading at 0.8524. The US Dollar Index is +0.1%.

Today’s calendar highlights include US retail sales and industrial production.


UK unemployment rate falls to 4.7% in June. Employment increased by 95,000 versus consensus of 75,000. Number of people on the payroll has regained about four fifths of the fall seen at the start of the pandemic. Number of job vacancies passed one million for the first time ever in July. Average earnings ex-bonus rose 7.4%, in line with expectations.


BT Group (LON:BT) – Adam Crozier to succeed Jan du Plessis as Chairman. Crozier to step down as Asos Chairman before taking the role.

BHP Group (LON:BHPB) – Entered merger commitment deed to combine their respective oil & gas portfolios by an all-stock merger. Separately, BHP said FY profit from operations increased 80% to $25.9 billion. To pay final dividend of $2.00 per share or $10.1 billion.

Just Eat Takeaway (LON:JETJ) – H1 revenue up 52% to €2.6 billion. Says has reached the peak of its absolute losses in the first half of 2021. Management reiterates its guidance for order growth, gross transaction value and adjusted EBITDA margin for the full year 2021.

Plus500 (LON:PLUSP) – H1 group revenue of $346.2 million (H1 2020: $564.2 million; H2 2020: $308.3 million). Declares interim dividend of $0.5921 per share and share buyback of $12.6 million. Board expects revenue to be significantly ahead of current compiled analysts’ consensus forecasts, with sustainable growth to be delivered over the medium to long term.

Genuit (LON:GENG) – H1 revenue 32.4% higher than H1 2019, reflecting continued strong trading and the benefit of acquisitions. Plans interim dividend of 4.0 pence per share. Expects underlying operating profit for the full year to be ahead of previous management expectations.

Syncona (LON:SYNCS) – Continued positive clinical progress across companies over the period. Companies executing on their business and clinical plans and continue to seek a wide range of new opportunities.

UK market update – Unemployment rate falls, BT gets new chair

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.


Please enter your comment!
Please enter your name here