Intertek rises, Punch Taverns falls - 1st August Update

Elisabeth Paetow of http://www.cityindex.co.uk/ presents the daily market update for 1st August 2011, including news of a rise for Intertek and a fall for Punch Taverns. Full headlines as follows:

- Monday saw a promising start to the FTSE 100, with the index pushing towards the 5900 benchmark.

- HSBC was up 4% today after releasing better-than-expected results.

- Intertek is up 5.8% after releasing a trading update, while Punch Taverns is down over 80% after completing its demerger.

- In economic data, the UK manufacturing PMI will be released at 9.30am (London time), followed by US ISM Manufacturing PMI figures at 3pm (London time).

For more market analysis from City Index, visit http://www.cityindex.co.uk/market-analysis/

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