This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| St. James’s Place PLC | 488.8 | 4.9% |
| Scottish Mortgage Investment Trust PLC | 895.2 | 2.9% |
| Rolls-Royce Holdings PLC | 439.8 | 2.8% |
| Persimmon PLC | 1,464.0 | 2.1% |
| Schroders PLC | 390.2 | 2.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| National Grid PLC | 993.2 | -11.9% |
| Rs Group PLC | 752.7 | -7.4% |
| Severn Trent PLC | 2506.0 | -5.0% |
| United Utilities Group PLC | 1024.0 | -4.9% |
| Smith & Nephew PLC | 985.8 | -2.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,339 | -0.4% | 7.4% |
| DOW JONES INDUS. AVG | 39,065 | -1.5% | 18.2% |
| DAX INDEX | 18,691 | 0.1% | 15.7% |
| NIKKEI 225 | 39,103 | 1.3% | 27.4% |
| S&P/ASX 200 INDEX | 7,812 | -0.5% | 8.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 76.87 | -0.90% |
| Brent Crude (ICE) | USD/bbl. | 81.48 | -0.51% |
| Gold Spot | USD/t oz. | 2,329 | -2.1% |
| Copper (Comex) | USd/lb. | 479 | -1.2% |
Click graph to enlarge
The UK 100 called to open -80 points at 8,263. UK 100 is set to open lower on Friday, following New York lower amid interest rate cut concerns after stronger-than-expected US jobs and PMI data. Wall Street ended lower with the Dow closing -1.5%, S&P -0.7% and Nasdaq -0.4%. In Asia Tokyo closed -1.1%, Shanghai -0.4% and Hong Kong -1.5%.
ABRDN CEO Stephen Bird will step down effective June 30th, by mutual agreement.
GSK: A jury in Chicago have rejected a woman’s claim that GSK’s now discontinued drug, Zantac caused her colon cancer, in the first trial out of thousands of lawsuits making similar allegations.
Hargreaves Lansdown: Peter Hargreaves the biggest shareholder is open to taking the company private and has held talks with investors recently about a transaction.
Intertek says their Like-for-Like revenue growth was 7% for the first four months of 2024. They have reiterated their 2024 outlook of mid-single digit Like-for-Like revenue growth and margin progression.
John Wood unanimously rejects a third proposal by Sidara, as they say it still undervalues the firm.
HSBC Downgrades Aviva to Hold (6 Buys / 4 Holds / 0 Sells)
UK
C&C Group PLC*
Capital Gearing Trust PLC*
Intertek Group
US
None
UK
None – Bank Holiday
US
None
German Gross Domestic Product
UK Retail Sales
US Durable Goods Orders
US Nondefense Capital Goods Orders ex Aircraft
Michigan Consumer Sentiment Index
UoM 5-year Consumer Inflation Expectation
UK 100 companies going ex-dividend on 30th May 2024:
Coca-Cola HBC AG
Severn Trent
Centrica
Intertek Group
Associated British Foods
Marks and Spencer Group
Sage Group
UK 250 companies going ex-dividend on 30th May 2024:
Hilton Food Group
Keller Group
Great Portland Estates
Hill & Smith
Centamin
Victrex
Britvic
Temple Bar Investment Trust
BlackRock World Mining Trust
Law Debenture Corporation
JTC
JPMorgan Global Growth & Income
SSP Group
Alliance Trust
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.