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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Experian PLC | 3,752.0 | 8.1% |
| Imperial Brands PLC | 1,986.5 | 5.8% |
| Segro PLC | 936.8 | 5.5% |
| Persimmon PLC | 1,471.5 | 4.5% |
| Flutter Entertainment PLC | 16,575.0 | 4.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Burberry Group PLC | 1102.0 | -7.3% |
| Compass Group PLC | 2252.0 | -3.0% |
| B&M European Value Retail S.A. | 535.2 | -2.4% |
| St. James’s Place PLC | 485.4 | -2.3% |
| Barclays PLC | 213.1 | -1.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,446 | 0.2% | 9.0% |
| DOW JONES INDUS. AVG | 39,908 | 0.9% | 20.9% |
| DAX INDEX | 18,869 | 0.8% | 18.7% |
| NIKKEI 225 | 38,920 | 1.4% | 30.4% |
| S&P/ASX 200 INDEX | 7,881 | 1.7% | 8.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 78.98 | 0.45% |
| Brent Crude (ICE) | USD/bbl. | 83.09 | 0.41% |
| Gold Spot | USD/t oz. | 2,388 | 0.1% |
| Copper (Comex) | USd/lb. | 492 | -0.1% |
Click graph to enlarge
The UK 100 called to open -6 points at 8,439. The UK 100 looks set to open marginally lower this morning, Overnight, the three major US stock indices all closed at new record highs too, as softer inflation report strengthened rate cut expectations. The Nasdaq gained 1.4% and the S&P 500 added 1.2%, while the Dow Jones rose 0.9%.
Anglo American have suspended hiring globally as they plan to simplify themselves and build value to avert a $43bn takeover bid by BHP Group.
BT Group have set out on a path to more than double their free cash flow over the next five years as they pass the peak of its investment in fibre networks. They will increase their dividend by 3.9% to 8p per share after free cash flow beat expectations. They reported a FY pretax profit of £1.186bn.
EasyJet’s CEO Johan Lundgren will step down in early 2025 and be replaced by current CFO Kenton Jarvis. They reported a bigger-than-expected H1 loss ahead of a busy summer season that could be undermined by potential pilot strikes. They reported a pretax loss of £350m, compared with an expected loss of £340m according to average analyst estimates.
International Distribution Services are set to agree a £3.5bn takeover by Daniel Kretinsky if the Czech billionaire tables a formal offer.
United Utilities missed market expectations for annual profit as pricier consumer bills failed to offset a steep rise in costs. They reported an adjusted operating profit of £517.8m for the year ended March 31st, compared with average analyst expectations of £522.2m.
Vistry Group have raised their annual homebuilding target by around 3% to over 18,000, buoyed by resilient demand for its affordable homes. Their total sales rate averaged at 0.96 units year-to-date, compared with 0.87 a year ago and has improved by 1.23 units over the last eight weeks.
Barclays Upgrades Travis Perkins to Overweight from Equal Weight (3 Buys / 11 Holds / 1 Sell)
Deutsche Bank Downgrades Britvic to Hold from Buy (5 Buys / 5 Holds / 0 Sells)
Kind Regards,
UK
Grainger PLC
BT Group PLC
Convatec Group PLC
Sage Group PLC
easyJet PLC
United Utilities Group PLC
Vistry Group PLC
Premier Foods PLC
Future PLC*
US
Baidu
Deere & Co
JD.com
Walmart
Applied Materials
Take-Two Interactive Software
UK
Land Securities Group PLC
US
None
BoE’s Greene speech
US Building Permits
US Housing Starts
US Initial Jobless Claims
Philadelphia Fed Manufacturing Survey
US Industrial Production
Fed’s Mester speech
Fed’s Bostic speech
UK 100 companies going ex-dividend on 16th May 2024:
Kingfisher
Tesco
Bunzl
BP
Shell
Unilever
GSK
Pershing Square Holdings
UK 250 companies going ex-dividend on 16th May 2024:
RHI Magnesita N.V.
PageGroup
Balfour Beatty
Octopus Renewables Infrastructure Trust
Renewables Infrastructure Group
Greencoat UK Wind
Spectris
Essentra
Murray Income Trust
Witan Investment Trust
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