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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Fresnillo PLC | 12,436.0 | 2.8% |
| Schroders PLC | 379.2 | 2.4% |
| Antofagasta PLC | 2,417.0 | 1.0% |
| Centrica PLC | 147.6 | 1.0% |
| Bae Systems PLC | 1,385.0 | 1.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| BT Group PLC | 127.4 | -3.7% |
| Vodafone Group PLC | 75.1 | -2.7% |
| Easyjet PLC | 462.2 | -2.7% |
| Rs Group PLC | 807.8 | -2.6% |
| Smith (Ds) PLC | 368.0 | -2.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,416 | -0.1% | 8.3% |
| DOW JONES INDUS. AVG | 39,873 | 0.2% | 19.8% |
| DAX INDEX | 18,727 | -0.2% | 15.4% |
| NIKKEI 225 | 38,617 | -0.9% | 24.4% |
| S&P/ASX 200 INDEX | 7,848 | -0.1% | 8.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 79.26 | -0.68% |
| Brent Crude (ICE) | USD/bbl. | 82.21 | -0.81% |
| Gold Spot | USD/t oz. | 2,416 | -0.2% |
| Copper (Comex) | USd/lb. | 505 | -1.1% |
Click graph to enlarge
The UK 100 called to open -28 points at 8,388. The UK 100 looks set to open lower this morning, as UK inflation data cools slower than had been expected. The CPI read showed inflation has dropped to 2.3%, down from 3.2% in March and is now just above the 2% target set by the Bank of England. It hasn’t been this low since July 2021, the Office for National Statistics (ONS) said. Core inflation to missed expectations, coming in at 3.9%, having been forecast at 3.6% however still also down from 4.2% in March. Stateside yesterday saw the tech-heavy Nasdaq rise 0.22% to 16,832.62. The S&P added 0.25% to 5,321.41 and the Dow closed 0.17% higher at 39,872.99.
British Land expects its rental growth to be between 3-5% in the 2025 financial year, buoyed by high occupancy levels at its properties, even as a persistent drop in building valuations dents its business. The value of its buildings (EPRA net tangible assets) fell 4.4% to 562p as of March 31st.
Close Brothers says their managed assets increased to £18.5bn on April 30th, up from £17.7bn in January. Their banking net interest margin decreased to 7.4%, down from 7.5% in H1.
Marks & Spencer reported a 58% rise in annual profit, ahead of market expectations, as its strategy to re-shape the business delivered strong sales growth in both its food and clothing divisions.
Mitchells & Butlers report that their HY operating profit came in at £164m. Their HY strong trading performance came with like-for-like sales growth of 7%. Cost headwinds are anticipated to total £55m this financial year, slightly less than previously expected.
SSE reported a FY24 adjusted pretax profit of £2.17bn and a FY dividend of 60p. They expect their SSEN Transmission operating profit to decline in FY25.
Severn Trent reports a FY24 pretax profit of £201.3m, up from £167.9m YoY. They have proposed a final dividend of 70.10p, up from 64.09p YoY as they are “planning record levels of investment in the coming years”.
Jefferies Downgrades Assura to Hold from Buy (6 Buys / 3 Holds / 0 Sells)
UK
4imprint Group PLC
Big Yellow Group PLC*
British Land Co PLC
Close Brothers PLC
HICL Infastructure PLC*
IntegraFin Holdings PLC
Marks & Spencer Group PLC
RS Group PLC
SSE PLC
Severn Trent PLC
US
Nvidia
Snowflak
Synopsys
UK
AJ Bell PLC
Aviva PLC
Bytes Technology Group PLC*
Energean PLC
Great Portland Estates PLC
Hill & Smith Holdings PLC
International Distribution Services PLC*
Investc PLC
Johnson Matthey PLC
National Grid PLC
Petershill Partners PLC
QinetiQ Group PLC
Tate & Lyle PLC
US
Medtronic
Intuit
UK Consumer Price Index
UK Core Consumer Price Index
UK Producer Price Index
UK Retail Price Index
BoE’s Breeden speech
BoE Monetary Policy Report Hearings
US Existing Home Sales Change
FOMC Minutes
UK 100 companies going ex-dividend on 23rd May 2024:
DCC
Whitbread
Imperial Brands
Diploma
UK 250 companies going ex-dividend on 23rd May 2024:
TI Fluid Systems
NextEnergy Solar Fund
Diversified Energy Company
Bluefield Solar Income Fund
BlackRock Smaller Companies Trust
Tritax EuroBox GBP
HICL Infrastructure
Tritax Big Box REIT
Grainger
Spire Healthcare Group
Scottish American Investment Company
Bellway
BlackRock Greater Europe Inv Trust
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