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Marshalls' 2020 vision, Balfour Beatty and UK retail

Marshalls' 2020 vision, Balfour Beatty and UK retail

Readers would have noticed a slight lull in the outflow of half-year reports ahead of the usual pick-up towards the end of August. Chances are they would have also noticed the contribution that sterling’s post-referendum decline has had on the top line of top-tier constituents. However, the FTSE 100 followed a number of European indexes into the red on Thursday trading, albeit marginally. A slight retracement in the value of sterling was partly responsible as the bulk of benchmark constituents have sizable earnings in non-sterling denominated currencies. A number of stocks were also marked ex-dividend on the day.

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