Market Pulse
Rand fluctuations help Old Mutual pare profit declines
Old Mutual posted its interim results for the six months to 30 June on Thursday, amid a managed separation into four different entities.
Forex takes some fizz out of Coca-Cola HBC
European soft drink bottler Coca-Cola HBC reported its results for the six-month period to 1 July on Thursday morning, with FX-neutral net sales revenue growing by 2. 4%, or 3. 0% taking into account the one less selling day.
London pre-open: Stocks seen lower as oil prices decline
London stocks were set to open lower on Thursday amid weaker oil prices.
Thursday newspaper round-up: UK housing, energy, Hinkley Point
The number of homes on the market hit a record low in July as house price growth slumped on the uncertainty in the wake of the Brexit referendum. The level of market activity, such as the amount of new buyer inquiries and the number of agreed sales, continued to fall, according to the Royal Institution of Chartered Surveyors (Rics). – Telegraph .
Legal & General sells Cofunds platform to Aegon
Legal & General Group has agreed the sale of its Cofunds investment platform to Aegon for £140m.