8.37am: Warhammered?
It’s not clear why Games Workshop is down over 5% on these file outcomes.
Jefferies analyst Andrew Wade sees “little in here not to like”, noting that pre-tax revenue beat May steering by 4%, whereas core working revenue rose 17% at fixed currencies.
Trade accounts grew 12%, MyWarhammer prospects climbed 21% and Warhammer+ subscriptions elevated 16%, he factors out.
It might be the licensing hangover from Space Marine 2, as Wade lists one of many key dangers to his ‘purchase’ ranking is that the animation “one-off boost was bigger than expected”.
8.15am: FTSE 100 edges greater at open, Unilever at entrance
The FTSE 100 has begun the session with a small step greater, edging up simply over 9 factors to 10,791.
Dragging the index into optimistic territory is Unilever’s early 5.5% achieve on the again of its finest gross sales quarter in a decade.
Other risers embrace fellow shopper items group Reckitt Bckiser, up 2%, in addition to Diageo, and tobacco corporations Imperial Brands and BAT.
Barclays is down 4.8% regardless of its buyback, whereas Games Workshop is down on its outcomes too.
7.52am: Barclays provides one other £1bn buyback
Barclays upgraded its 2026 earnings goal and announced a £1 billion share buyback after stronger funding banking and curiosity earnings lifted second-quarter revenue.
The FTSE 100 financial institution reported group earnings of £8.3 billion within the second quarter, up 16% on a yr in the past, whereas pre-tax revenue rose 31% to £3.3 billion. Return on tangible fairness within the quarter improved to 16.1% from 12.3% a yr earlier and 13.5% in Q1.
Investment banking income rose 20% to £3.96 billion, beating the £3.66 billion City consensus, as world markets earnings and advisory charges elevated. Fixed-income, currencies and commodities income of £1.47 billion fell barely wanting the £1.51 billion forecast.
7.31am: Unilever’s finest gross sales in a decade
Unilever has nudged its full-year outlook upwards after posting its strongest quarterly volume growth in more than a decade.
The shopper items group reported underlying gross sales rose 5.8% within the second quarter, forward of the 4.14% City analyst consensus and up from 3.8% within the first quarter. Sales volumes elevated 5.5% in opposition to expectations of two.29% and income rose 3.8% to €13.05 billion, topping the €12.87 billion forecast.
Chief government Fernando Fernandez referred to as it “the best volume quarter at Unilever in over a decade”, with Power Brands and rising markets main the development.
Unilever now expects full-year underlying gross sales development of 4% to six%, with quantity development of round 3%. It beforehand anticipated gross sales development on the decrease finish of the multi-year 4-6% vary and at the least 2% quantity development.
FTSE 100 Live: Lower begin anticipated
The FTSE 100 is predicted to open barely decrease on Tuesday as oil costs lengthen their sharp retreat and know-how shares come underneath renewed stress.
Futures level to a 13-point decline for London’s blue-chip index, which yesterday added 45.5 factors to complete the day at 10,781.75.
whereas on mainland Europe, Germany’s DAX and France’s CAC 40 are seen opening 0.1% and 0.2% decrease, respectively.
Oil costs have continued to fall after the US halted its assaults on Iran since Friday and President Donald Trump mentioned there was “a good chance” of reaching a take care of Tehran.
Having stood at $100 final week, Brent crude fell beneath $87 a barrel within the early hours and is now at slightly below $88.
The fall might weigh additional on heavyweight FTSE 100 power corporations but ease stress on inflation and bond yields.
Iran has denied that talks are happening, nevertheless, leaving doubts over whether or not the retreat will final.
Swissquote analyst Ipek Ozkardeskaya says Trump’s assertion might be “another empty promise” or a verbal intervention meant to halt the rise in US yields. The US 10-year yield has fallen from a current peak of 4.70%, whereas the two-year yield has retreated to 4.30% because the Federal Reserve begins its two-day coverage assembly.
An preliminary increase from the drop in power costs proved short-lived as Wall Street provided a blended handover, with the Dow Jones up 0.5% in a single day, whereas the S&P 500 was broadly flat and the Nasdaq fell 0.2%.
Technology shares, particularly the chip sector, stay underneath stress, with Nasdaq futures down 1.1% this morning, after Nvidia dropped greater than 4% and ASML slumped nearly 6% in a single day. S&P 500 futures are 0.4% decrease, whereas the Dow is seen roughly flat.
In UK firm information, outcomes are due from Unilever, Barclays, Games Workshop, Unite, Croda, SSP, Man Group and plenty of extra.
