The FTSE 100 is called to open 4 points lower at 7672.
Stocks in Asia put in a mixed performance as summer breaks appeared to put a damper on trading volumes. The yuan slid as China signaled it was comfortable with the currency’s recent retreat. A pullback in Hong Kong and Chinese equities had no obvious trigger in trading that was below recent averages across the region. Indexes in Japan closed slightly lower. European futures were little changed.
The Times: Google has warned that it could start charging handset makers for using its Android software, after the technology company was fined a record €4.3 billion by the European Commission yesterday
Upgrades and downgrade
Electrolux Upgraded to Neutral at JPMorgan; PT 225 Kronor
Ericsson Upgraded to Reduce at AlphaValue
Ericsson Upgraded to Hold at SEB Equities; PT 66 Kronor
Ferrexpo Raised to Buy at Global Mining Research Pty
Novartis Upgraded to Equal-weight at Barclays; PT 80 Francs
Continental Downgraded to Hold at Bankhaus Lampe
Puma Downgraded to Hold at Deutsche Bank
Maisons du Monde Rated New Buy at Bryan Garnier; PT 41 Euros
TargetEveryOne Rated New Buy at SpareBank
Unilever said a truckers’ strike in Brazil hit underlying sales growth in the first half of 2018 and that net profit declined 2.3%.
SSE said that its adjusted operating profit for the first quarter was 80 million pounds ($104.5 million) lower than expected, hit by low renewable-energy production and reduced gas demand.
Anglo American said total production in the second quarter of 2018 grew 6% on a copper equivalent basis, excluding the impact of suspended operations at its
Minas-Rio iron-ore operations in Brazil.
AO World said that it is on track to deliver its long-term strategy and that board expectations for the full year remain unchanged.
Babcock International Group said that it expects a revenue hit due to delays in U.K. defense activity, but backed its earnings guidance for the year.
ABB reported second-quarter orders that beat estimates.
Nordea reported profit in the second quarter that exceeded market estimates, and committed to a forecast that it will make more money in 2018 than it did last year.
Aggreko – Spec it could a target for Ashtead or Utd Rentals (Telegraph). Stock moved up 35p yest afternoon.
Sports Direct International said that fiscal 2018 pretax profit plunged despite a revenue increase, citing negative effects from an investment.
TheWorks.co.uk, first day of dealing @160 to open 170/175
Volvo Profit Rises More Than Expected as Truck Demand Increases.
Roche’s Phase III Tecentriq Study Met Co-Primary Endpoint.
SAP Raises 2018 Outlook on Strong Cloud Business Momentum.
Givaudan First Half Ebitda 3.1% Below Estimates.
Airbus-Boeing Duel Expands as Small Jets Take $26 Billion Haul.