FTSE 100 dips amid Fed monetary easing fears

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The FTSE 100 has dipped 1.73% to 7,045.16 amid renewed virus fears and concerns about the easing of monetary policy by the US Federal Reserve on the back of the latest meeting minutes.

Mining giant Antofagasta cut its outlook on full-year production, but hiked its interim dividend after reporting a jump in first-half profit, underpinned by rising copper prices.

For the six months ended 30 June, pre-tax profit jumped by $1.40 billion to $1.78 billion year-on-year as revenue climbed 67.9% to $3.59 billion.

Telecommunications infrastructure company Helios Towers narrowed its losses in the first half of the year, amid boost from acquisitions.

For the six months to 30 June 2021, pre-tax losses narrowed $43.6 million from $83.0 million year-on-year as revenue increased by 4% year-on-year to US$212.4 million.

Marshalls half year revenue is up 42%, driven by continued strong growth in domestic and international sales.

For the six months to the end of June, 2021, the specialist landscape product company saw revenues reach £298.1 million, up 42% on 2020 and 6% on 2019.

Rank Group's revenues halved for the 12 months to the end of June, as the pandemic forced the majority of its venues to close.

For the period, group underlying net gaming revenue was £288.2 million, compared with £575.6 million the year prior, while the underlying operating loss was £67 million.

Specialist lending and retail savings, OSB Group, has reported a 62% increase in underlying pre-tax profit, hitting a record £252.8 million for the first half of 2021.

Private equity advisory firm Apax Global Alpha reported net asset return was 17.4% in the first half of year, driven by strong performance in its private equity portfolio.

For the six months ended 30 June, total adjusted net asset value increased to about €1.4 billion, with adjusted NAV per share increasing from €2.45 (£2.19) to €2.81 (£2.41).

Mining services company Capital hiked its interim dividend after reporting a rise in profit as revenue was boosted by rising demand for drilling services.

For the period 1 January to 30 June 2021, pre-tax profit rose $24.3 million from $19.1 million year-on-year as revenue jumped to $98.7 million from $65.1 million.