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 |
| Next PLC | 9,300.0 | 1.0% |
| Associated British Foods PLC | 2,664.0 | 0.9% |
| Admiral Group PLC | 2,713.0 | 0.8% |
| United Utilities Group PLC | 989.4 | 0.8% |
| Fresnillo PLC | 618.3 | 0.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| National Grid PLC (RIGHTS) | 151.9 | -19.7% |
| Ocado Group PLC | 366.1 | -10.8% |
| National Grid PLC | 837.2 | -4.5% |
| Rs Group PLC | 723.7 | -4.0% |
| Anglo American PLC | 2485.0 | -2.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,183 | -0.9% | 8.8% |
| DOW JONES INDUS. AVG | 38,442 | -1.1% | 16.3% |
| DAX INDEX | 18,473 | -1.1% | 16.1% |
| NIKKEI 225 | 38,054 | -1.3% | 21.5% |
| S&P/ASX 200 INDEX | 7,628 | -0.5% | 5.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 79.01 | -0.28% |
| Brent Crude (ICE) | USD/bbl. | 83.36 | -0.29% |
| Gold Spot | USD/t oz. | 2,330 | -0.4% |
| Copper (Comex) | USd/lb. | 470 | -1.9% |
Click graph to enlarge
The UK 100 called to open -37 points at 8,146. The UK 100 looks set to open lower today ahead of key Macro data out of the US later today, the GDP number, a key gauge of inflation is being seen as fairly pivotal as bond yields continue to rise, could this be the positive catalyst needed to turn the recent loosing streak for equities around? Mood in Asia this morning was equally cautious, with the Nikkei & Hang Sang both down 1.5%. On Wall Street yesterday the Dow Jones dropped 1.1%, the S&P dropped 0.7% and the Nasdaq completed the bleak session, albeit the smallest of the falls, giving up 0.6%.
Anglo American: BHP Group have confirmed they do not intend to make a firm offer for Anglo American, hours after the latter rejected its request for an extension to a bid deadline.
Darktrace COO Nick Trim will step down end of June and will be replaced by Jill Popelka.
Dr Martens report a FY24 pretax profit of £93m, down 42% YoY from £159.4m. They have sold 11.5m pairs of boots in FY24, down 17% from 13.8m in FY23 as the US region saw disappointing trading and they are implementing a plan to return it to growth. Their current trading is in line with expectations for FY25 as they expect a 20% decline in revenue in H1 FY25, driven by wholesale revenue being down by a third as FY25 results are to be very H2 weighted, especially for profit.
Berenberg Upgrades Currys to Buy from Hold (4 Buys / 3 Holds / 0 Sells)
UBS Downgrades Anglo American to Neutral from Buy (3 Buys / 8 Holds / 0 Sells)
Kind Regards,
UK
Auto Trader Group PLC
Dr Martens PLC
US
Costco Wholesale
MongoDB
Zscaler
UK
AVI Global Trust PLC*
US
None
EU Business Climate
EU Consumer Confidence
EU Economic Sentiment Indicator
EU Unemployment Rate
US Core Personal Consumption Expenditures
US Gross Domestic Product Annualized
US Initial Jobless Claims
US Personal Consumption Expenditures Prices
US Pending Home Sales
Fed’s Williams speech
BoE’s Governor Bailey speech
Tokyo Consumer Price Index
Japanese Unemployment Rate
Japanese Retail Trade
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.