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Morning Report - 26 June 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Admiral Group PLC 2,627.0 2.3%
Easyjet PLC 463.6 1.9%
Smith (Ds) PLC 370.8 1.4%
Sage Group PLC 1,080.5 1.3%
Anglo American PLC 2,520.0 0.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Burberry Group PLC 972.6 -4.5%
Convatec Group PLC 231.4 -4.1%
BT Group PLC 140.0 -3.5%
Rightmove PLC 549.6 -3.1%
Marks And Spencer Group PLC 287.7 -2.8%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,248 -0.4% 10.7%
DOW JONES INDUS. AVG 39,112 -0.8% 16.0%
DAX INDEX 18,178 -0.8% 15.0%
NIKKEI 225 39,667 1.3% 21.3%
S&P/ASX 200 INDEX 7,783 -0.7% 10.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.35 0.64%
Brent Crude (ICE) USD/bbl. 85.50 0.58%
Gold Spot USD/t oz. 2,316 -0.2%
Copper (Comex) USd/lb. 437 0.1%

 

The UK 100 called to open +38 points at 8,285. 

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +38 points at 8,285.  The UK 100 looks set to open higher this morning, this follows yesterday’s tricky session.  Overnight, Asian stocks were mixed as markets prepared for the latest U.S. inflation print.  A rebound in Nvidia shares led the S&P and Nasdaq higher on Tuesday, a day after a sell-off in the chipmaking giant.  The broad market S&P added 0.39% to close at 5,469.30, while the Nasdaq advanced 1.26% and ended at 17,717.65. Both indexes ended three days of declines. The Dow Jones however lagged, losing 299.05 points, or 0.76%, closing at 39,112.16.

 

 

Company News & Broker Comments:

Company News:

Anglo American’s cycle 5 rough diamond sales De Beers came in at $315m, down from $456m YoY.

 

AO World posted an annual profit of £34m, beating its forecast and said they expected it to grow again this year by at least 6%.

 

Aston Martin have announced the debut of their new limited edition sportscar Valiant and said that deliveries would start in Q4.

 

AstraZeneca hails the approval of Tagrisso plus chemotherapy in China as 1st-line treatment.

 

Deliveroo: Doordash have flagged an interest in a takeover of Deliveroo.

 

Phoenix Group mulls the sale of their SunLife business.

 

PZ Cussons says their Q4 of FY24 traded in line with management expectations.

 

 

Broker Comments:

HSBC Downgrades Legal & General to Hold (5 Buys / 5 Holds / 0 Sells)

 

Jefferies Upgrades Future to Buy from Underperform (7 Buys / 1 Hold / 1 Sell)

 

RPT/Exane BNP Upgrades Prudential to Outperform from Neutral (9 Buys / 2 Holds / 0 Sells)

Reporting Today:

UK

 

AO World PLC

Liontrust Asset Management PLC

 

US

 

Micron Technology

 

Reporting Tomorrow:

UK

 

Foresight Group Holdings PLC*

Moonpig Group PLC

Watches of Switzerland Group PLC

Halfords*

Currys PLC

 

US

 

Nike

 

 

 

In Focus Today:

German GfK Consumer Confidence Survey

US New Home Sales Change

US Bank Stress Test Info

 

 

Tomorrow’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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