Alexander Bueso Sharecast News
08 Aug, 2024 18:06 08 Aug, 2024 18:06

Friday preview: Chinese inflation data, Hargreaves Lansdown in focus

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Hargreaves LansdownCompany photo / HL

Financial markets' attention on Friday will shift towards Asia and inflation numbers due out in the region's largest economy.

Financial Services

16,162.54

16:49 09/09/24
1.85%
294.25

FTSE 250

20,650.88

16:49 09/09/24
n/a
n/a

FTSE 350

4,557.85

16:49 09/09/24
n/a
n/a

FTSE All-Share

4,513.72

17:14 09/09/24
n/a
n/a

Hargreaves Lansdown

1,107.00p

16:35 09/09/24
0.18%
2.00p

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

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