Market Pulse
Barclays raises interest guidance despite fall in first-half income
Barclays reported a return on tangible equity (RoTE) of 11. 1% for its first half on Thursday, down from 13. 2% in the same period last year, with profit before tax slipping to £4. 2b from £4. 6bn, although it raised its full-year net interest income guidance.
China Caixin manufacturing PMI deteriorates in July
Activity in China’s manufacturing sector deteriorated more than expected in July, according to data released on Thursday.
Shell Q2 earnings beat expectations, $3.5bn share buyback launched
Oil giant Shell reported better-than-expected earnings for the second quarter on Thursday as it announced a $3. 5bn share buyback.
UK annual house price growth fastest since December 2022 - Nationwide
UK house prices rose in July at the fastest annual rate since December 2022, according to data released by Nationwide on Thursday.
London pre-open: Stocks seen up ahead of BoE announcement
London stocks were set to rise at the open on Thursday following strong gains on Wall Street after Fed chair Jerome Powell put a September rate cut on the table, and as investors eyed an expected rate cut from the Bank of England later in the day.
Thursday newspaper round-up: Meta, Mohsin Issa, Arm Holdings
Meta’s shares rose in after-hours trading on Wednesday off the back of a strong earnings report that comes as the company is spending heavily on AI tools. The company’s stock price grew around 5% following the report, which revealed the company outperformed analysts’ expectations for its second quarter. Meta, which owns Facebook, Instagram and WhatsApp, reported $39. 07bn in revenue and $5. 16 earnings per share. Both results outpaced market predictions of around $38bn in revenue and $4.