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Morning Report - 21 June 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Jd Sports Fashion PLC 125.9 5.1%
Fresnillo PLC 565.0 4.4%
Land Securities Group PLC 636.5 4.4%
Antofagasta PLC 2,146.0 4.3%
Wpp PLC 758.0 3.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
Ocado Group PLC 310.0 -12.1%
Hargreaves Lansdown PLC 1134.0 -1.7%
United Utilities Group PLC 993.4 -1.6%
Easyjet PLC 451.1 -0.9%
Croda International PLC 4100.0 -0.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,272 0.8% 9.3%
DOW JONES INDUS. AVG 39,135 0.8% 14.1%
DAX INDEX 18,254 1.0% 13.3%
NIKKEI 225 38,633 0.2% 15.1%
S&P/ASX 200 INDEX 7,769 0.0% 6.2%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.17 0.74%
Brent Crude (ICE) USD/bbl. 85.71 0.75%
Gold Spot USD/t oz. 2,360 0.0%
Copper (Comex) USd/lb. 453 0.1%

 

The UK 100 called to open -10 points at 8,272

4 Hours; 4 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -10 points at 8,272.  The UK 100 looks set to open modestly lower this morning after yesterdays strong showing.  Data out this morning showed UK retail sales have surged past market expectations in the latest sign the economy may be turning a corner.  May’s retail figures were up 2.9% month on month, well ahead of the consensus of 1.8%.

 

 

Company News & Broker Comments:

Company News:

GKP says their local sales at Shaikan field crude remain robust.

 

Informa report that they are on track to achieve annual earnings at the upper end of its guidance range, benefitting from strong performance across its markets. They have reiterated their adjusted operating profit forecast of £950-970m, while underlying revenue growth is expected to be in the high-single digits.

 

M&C Saatchi appoints Simon Fuller as their new CFO.

 

 

Broker Comments:

Barclays Downgrades Ryanair to Equal Weight from Overweight (4 Buys / 1 Hold / 0 Sells)

 

Barclays Downgrades Wizz Air to Underweight from Equal Weight (8 Buys / 10 Holds / 2 Sells)

 

JP Morgan Upgrades Severn Trent to Neutral from Underweight (3 Buys / 2 Holds / 2 Sells)

 

JP Morgan Upgrades United Utilities to Overweight from Neutral (2 Buys / 10 Holds / 0 Sells)

 

Morgan Stanley Downgrades B&M European Value Retail SA to Underweight (7 Buys / 5 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

 

US

 

None

 

Reporting Monday:

UK

 

None

 

US

 

None

 

 

 

In Focus Today:

UK Retail Sales

EcoFin Meeting

Eurogroup Meeting

EU HCOB PMI

UK S&P Global/CIPS PMI

US S&P Global PMI

US Existing Home Sales Change

 

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 27th June 2024:

 

Burberry Group

British American Tobacco

B&M European Value Retail S.A.

 

 

UK 250 companies going ex-dividend on 27th June 2024:

 

Premier Foods

Caledonia Investments

Sirius Real Estate

discoverIE Group

TR Property Investment Trust

Virgin Money UK

 

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.


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