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Morning Report - 1 July 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
3I Group PLC 3,066.0 2.2%
Airtel Africa PLC 120.1 1.3%
Beazley PLC 708.0 1.2%
Easyjet PLC 457.7 1.1%
Unite Group PLC 892.0 1.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
Jd Sports Fashion PLC 119.5 -5.4%
Marks And Spencer Group PLC 286.5 -2.5%
Burberry Group PLC 877.8 -2.5%
Lloyds Banking Group PLC 54.7 -2.4%
WPP PLC 724.4 -2.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,164 -0.2% 8.4%
DOW JONES INDUS. AVG 39,119 -0.1% 13.7%
DAX INDEX 18,235 0.1% 12.9%
NIKKEI 225 39,631 0.1% 19.4%
S&P/ASX 200 INDEX 7,751 -0.2% 7.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.06 0.64%
Brent Crude (ICE) USD/bbl. 85.54 0.64%
Gold Spot USD/t oz. 2,328 0.0%
Copper (Comex) USd/lb. 437 -0.4%
The UK 100 called to open +38 points at 8,202

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +38 points at 8,202.  The UK 100 looks set to open higher today as energy bills look set to fall in the UK to 2 year lows.  In Asia this morning were broadly flat as caution was shown towards news in France that Marine Le Pen’s national rally took 33.1% of the votes in the first round of parlimentary elections, Macron’s party taking just 20%.

 

 

Company News & Broker Comments:

Company News:

Anglo American suspends production at Grosvenor steelmaking coal mine in Queensland after underground gas ignition happened on Saturday at Grosvenor, where the workforce were safely evacuated without injury.

 

AstraZeneca notes positive EU CHMP opinion for Lynparza and Imfinzi in endometrial cancer.

 

Croda International names Johnson Matthey’s Stephen Oxley as their new CFO.

 

 

Broker Comments:

Berenberg Upgrades Centrica to Buy from Hold (3 Buys / 5 Holds / 0 Sells)

 

HSBC Upgrades British Land to Hold (6 Buys / 8 Holds / 2 Sells)

 

HSBC Upgrades Land Securities to Buy (6 Buys / 7 Holds / 2 Sells)

 

HSBC Upgrades Primary Health to Buy from Hold (4 Buys / 4 Holds / 0 Sells)

 

JP Morgan Places Trustpilot on ‘Positive Catalyst Watch’ (3 Buys / 2 Holds / 0 Sells)

 

UBS Upgrades Rentokil Initial to Neutral from Sell (6 Buys / 6 Holds / 1 Sell)

Reporting Today:

UK

 

None

 

US

 

None

 

Reporting Tomorrow:

UK

 

Sainsbury (J) PLC

 

US

 

None

 

 

 

In Focus Today:

Chinese Caixin Manufacturing PMI

German HCOB Manufacturing PMI

German Consumer Price Index

US ISM Manufacturing PMI

ECB’s President Lagarde speech

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 4th July 2024:

 

Next

 

 

UK 250 companies going ex-dividend on 4th July 2024:

 

Murray International Trust

ICG Enterprise Trust

Bank of Georgia Group

Big Yellow Group

Paragon Banking Group

Workspace Group

Safestore Holdings

 

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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