This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
This morning in London: The FTSE 100 is up 24 at 6671.
Stocks: We've seen trading updates and news from a number of firms this morning: Vodafone are looking at suing Telecom Italia; Glencore Xstrata are concluding the sale of Joe White Maltings; Pennon have announced a new director; Morgan Sindall's first-half profit dropped as the firm outlined how difficult it see the rest of the year.
Latest news: Trading volumes for the week could continue to be soft as the summer holiday season continues, though two of the bigger UK banks issue statements today. Lloyds appear to be on a charm offensive, with the group’s CEO stating that he believes up to 70% of company profit will be returned to shareholders by 2015. Meanwhile, HSBC are expected to post a profit rise of 15% for the first half.