Friday preview: Chinese inflation data, Hargreaves Lansdown in focus
Financial markets' attention on Friday will shift towards Asia and inflation numbers due out in the region's largest economy.
Financial Services
17,646.57
16:59 03/12/24
FTSE 250
20,892.74
16:59 03/12/24
FTSE 350
4,607.59
16:59 03/12/24
FTSE All-Share
4,562.54
17:14 03/12/24
Hargreaves Lansdown
1,092.50p
17:09 03/12/24
Overnight, China's National Bureau of Statistics will publish consumer price figures for July.
They are expected to show that the annual rate of increase in CPI ticked up by a tenth of a percentage point to 0.3%.
The year-on-year rate of increase in producer prices on the other hand is expected to have eased from -0.8% in June to -0.9%.
Also due out are readings for German and Italian CPI covering that same month, at 0600 BST and 0900 BST, respectively.
Hargreaves Lansdown's interims will be in the spotlight at the end of the week.
Of key interest according to UBS analyst Haley Tam would be the contribution of recurring fund platform fees to revenues, as opposed to transactional stockbroking and FX.
Tam was also keen for an update on the business's progress on its cost efficiency plans as outlined in 2022 under a four-year plan.
The analyst's estimates were calling for a 4.8% rise in revenues to reach £770.2m, against consensus at £755m.
Profit before tax meanwhile was seen edging up by 2.7% to reach £450.5m for earnings per share of 70.2p.
Friday 09 August
INTERIMS
FBD Holdings (CDI), The Renewables Infrastructure Group Limited
INTERIM DIVIDEND PAYMENT DATE
Schroder UK Mid Cap Fund
QUARTERLY PAYMENT DATE
Tufton Oceanic Assets Limited NPV
INTERNATIONAL ECONOMIC ANNOUNCEMENTS
Consumer Price Index (GER) (07:00)
FINALS
Hargreaves Lansdown
TRADING ANNOUNCEMENTS
Bellway
FINAL DIVIDEND PAYMENT DATE
Atalaya Mining, Caffyns, CMC Markets, Next 15 Group, Sanderson Design Group