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Morning Report - 5 August 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
International Consolidated Airlines Group S.A. 167.5 4.7%
Haleon PLC 367.8 2.7%
United Utilities Group PLC 1,059.0 2.5%
Severn Trent PLC 2,653.0 2.5%
GSK PLC 1,562.5 2.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
Intermediate Capital Group PLC 1980.0 -7.1%
Diploma PLC 4074.0 -7.0%
Jd Sports Fashion PLC 123.8 -6.6%
Melrose Industries PLC 482.6 -6.3%
Barclays PLC 209.1 -6.2%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,175 -1.3% 8.1%
DOW JONES INDUS. AVG 39,737 -1.5% 13.3%
DAX INDEX 17,661 -2.3% 10.7%
NIKKEI 225 31,458 -12.4% -2.3%
S&P/ASX 200 INDEX 7,650 -3.7% 4.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 72.64 -1.20%
Brent Crude (ICE) USD/bbl. 75.93 -1.15%
Gold Spot USD/t oz. 2,429 -0.6%
Copper (Comex) USd/lb. 406 -1.0%
The UK 100 called to open -140 points at 8,034

4 Hours; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -140 points at 8,034.  The UK 100 looks set to open sharply lower this morning as global markets continue to sell off with Japan’s Nikkei 225 closed 12.4% lower suffering its worst day since Black Monday amid fears of a US recession.  Weaker than expected jobs and manufacturing figures in the US have raised concerns that the Federal Reserve have left it too late to begin cutting interest rates without damaging the economy.

 

 

Company News & Broker Comments:

Company News:

 

Clarkson reports a H1 pretax profit of £50.1m and a H1 dividend of 32p per share.

 

Senior report that their H1 profit rose 10%, buoyed by demand for commercial aircraft and higher defence spending. They reported an operating profit of £25.1m, up from £22.9m YoY.

 

Broker Comments:

 

Barclays Downgrades Pennon Group to Equal weight from Overweight (2 Buys / 7 Holds / 0 Sells)

 

Barclays Downgrades Severn Trent to Equal Weight from Overweight (2 Buys / 4 Holds / 2 Sells)

 

Barclays Downgrades United Utilities to Underweight from Equal weight (2 Buys / 9 Holds / 0 Sells)

 

Citigroup Downgrades Lloyds to Neutral from Buy (5 Buys / 8 Holds / 0 Sells)

 

Deutsche Bank Downgrades Prudential to Hold from Buy (9 Buys / 1 Hold / 0 Sells)

 

HSBC Downgrades Greggs to Hold from Buy (8 Buys / 3 Holds / 0 Sells)

Reporting Today:

UK

 

 

Clarkson

Senior

 

US

 

Lucid Group

Palantir Technologies

 

Reporting Tomorrow:

UK

 

Dominos Pizza Group

Intercontinental Hotels Group

Keller Group

Morgan Advanced Minerals

Rotork

Spirent Communications*

Travis Perkins

abrdn

 

US

 

Amgen

Caterpillar Inc

Airbnb

Illumina

Rivian Automotive

Super Micro Computer

Uber Technologies

Upstart Holdings

 

 

In Focus Today:

Chinese Caixin Services PMI

German HCOB PMI

EU HCOB Composite PMI

EU Sentix Investor Confidence

EU Producer Price Index

US S&P Global Composite PMI

US ISM Services PMI

US ISM Services Prices Paid

US Loan Officer Survey

Fed’s Daly speech

UK BRC Like-For-Like Retail Sales

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 8th August 2024:

 

BT Group

Ashtead Group

Informa

Unilever

AstraZeneca

Rentokil Initial

NatWest Group

IMI

SEGRO

Pearson

BP

Standard Chartered

Fresnillo

Melrose Industries

 

 

UK 250 companies going ex-dividend on 8th August 2024:

 

Monks Investment Trust

Jupiter Fund Management

Man Group

GCP Infrastructure Investments

Aberforth Smaller Companies Trust

Games Workshop Group

Inchcape

Scottish American Investment Company

Vesuvius

 

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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