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 |
| Convatec Group PLC | 235.4 | 1.7% |
| Marks And Spencer Group PLC | 291.9 | 1.5% |
| Centrica PLC | 137.8 | 1.3% |
| Scottish Mortgage Investment Trust PLC | 888.4 | 1.2% |
| Associated British Foods PLC | 2,524.0 | 1.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| International Consolidated Airlines Group S.A. | 163.9 | -2.6% |
| Smurfit Kappa Group PLC | 3538.0 | -2.2% |
| Entain PLC | 647.2 | -2.0% |
| Land Securities Group PLC | 613.5 | -1.9% |
| Imperial Brands PLC | 2023.0 | -1.6% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,225 | -0.3% | 10.2% |
| DOW JONES INDUS. AVG | 39,128 | 0.0% | 15.3% |
| DAX INDEX | 18,155 | -0.1% | 14.6% |
| NIKKEI 225 | 39,342 | -0.8% | 20.9% |
| S&P/ASX 200 INDEX | 7,760 | -0.3% | 9.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 80.74 | -0.20% |
| Brent Crude (ICE) | USD/bbl. | 85.14 | -0.13% |
| Gold Spot | USD/t oz. | 2,301 | 0.1% |
| Copper (Comex) | USd/lb. | 434 | -0.6% |
Click graph to enlarge
The UK 100 called to open +10 points at 8,235. The UK 100 looks set to open slightly higher this morning after a difficult session yesterday for the UK’s bluechip index. On Wall Street yesterday the S&P eked out a small gain Wednesday as investors evaluated their holdings following a booming first half of the year led by artificial intelligence plays. The broad market index ended the day up 8.60 points, or 0.16%, to close at 5,477.90. The Dow Jones added 15.64 points, or 0.04%, to end at 39,127.80. Meanwhile, the tech-heavy Nasdaq added 87.50 points, or 0.49%, to finish at 17,805.16.
Bunzl have upgraded their guidance for 2024 based on improved margin performance. They expect their H1 revenue to fall 3-4% YoY at actual exchange rates, due to volume reductions in their US foodservice redistribution business.
Currys have met their guidance with a 10% rise in FY profit, reflecting a strong finish to the period both in its home market and the Nordics region. They reported an adjusted profit before tax of £118m in the year to April 27th, in line with guidance upgraded last month and up from £107m made in 2022/23.
Halma acquires Global Fire Equipment for 42.5m euros in cash to expand their fire safety portfolio.
GSK’s RSV shot has showed that the efficacy in year one to year two dropped from 79% to 59% according to a CDC presentation released last night.
Moon Pig posts a FY24 pretax profit of £46.4m, up 33% from £34.9m YoY as the start of the new financial year’s trading has been in line with expectations.
Serco has increased their 2024 guidance, citing good progress in H1.
Smurfit Kappa has obtained regulatory clearances re combination with WestRock.
Watches of Switzerland Group made a FY pretax profit of £92m.
Berenberg Downgrades Anglo American to Sell from Hold (4 Buys / 8 Holds / 1 Sell)
Berenberg Downgrades Hochschild Mining to Hold from Buy (4 Buys / 1 Hold / 0 Sells)
Berenberg Downgrades Rio Tinto to Hold from Buy (6 Buys / 7 Holds / 0 Sells)
Redburn Downgrades Darktrace to Neutral from Buy (4 Buys / 10 Holds / 0 Sells)
UK
Foresight Group Holdings PLC*
Moonpig Group PLC
Watches of Switzerland Group PLC
Halfords*
Currys PLC
US
Nike
UK
None
US
None
Eurogroup Meeting
US Housing Price Index
US Consumer Confidence
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.
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.