UIL Limited Grapples with Market Volatility

UIL Ltd (GB:UTL) has released an update.

UIL Limited reported a decrease of 1.4% in their NAV total return for July, lagging behind the FTSE All Share Index’s 3.1% gain, amidst global market volatility influenced by political events and mixed performance across sectors. The company’s top portfolio holdings remained unchanged, while emerging markets showed resilience, benefitting from a weaker US Dollar and the anticipation of interest rate cuts. UIL’s ordinary share price saw an uptick, and the company paid out a quarterly interim dividend to shareholders at the end of July.

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