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Morning Report - 13 August 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Bt Group PLC 140.4 7.6%
Entain PLC 582.7 4.4%
Centrica PLC 127.1 3.1%
Bae Systems PLC 1,301.4 1.9%
Beazley PLC 736.5 1.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
Jd Sports Fashion PLC 120.3 -4.1%
Burberry Group PLC 672.0 -1.9%
Hikma Pharmaceuticals PLC 2008.0 -1.5%
Whitbread PLC 2820.0 -1.2%
B&M European Value Retail S.A. 449.2 -1.2%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,210 0.5% 9.1%
DOW JONES INDUS. AVG 39,357 -0.4% 11.6%
DAX INDEX 17,726 0.0% 12.0%
NIKKEI 225 36,233 3.5% 11.6%
S&P/ASX 200 INDEX 7,827 0.2% 6.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 79.58 -0.60%
Brent Crude (ICE) USD/bbl. 81.74 -0.68%
Gold Spot USD/t oz. 2,464 -0.4%
Copper (Comex) USd/lb. 404 -0.8%

 

The UK 100 called to open +5 points at 8,215

1 Day; 7 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +5 points at 8,215.  The UK 100 looks set to open modestly higher this morning after better than expected UK jobs data out this morning and a continuation of the recovery rally in Japan overnight.

The UK’s unemployment rate for June fell to 4.2%, better than the reading of 4.5% expected and the 4.4% in the previous month.

In Tokyo, the Nikkei 225 saw this strongest gains in Asian markets this morning, adding 3.2%.

Yesterday on Wall Street saw stocks seesaw during the session, the S&P ended flat, up a mere 0.23 points, at 5,344.39. The Nasdaq advanced 0.21% to close at 16,780.61. Shares of Nvidia gained 4% to help the technology-heavy index climb. The Dow Jones gained 140 points, or 0.36%, at 39,357.01.

 

 

Company News & Broker Comments:

Company News:

 

Dowlais expect a mid to high single-digit fall in annual revenue due to lower light vehicle production and delays in battery electric vehicle production.

 

Just Group expects to exceed their previous 2024 profit forecast after new businesses drove a 44% jump in underlying operating profit in H1. Their underlying operating profit came in at £249m, compared with £173m a year earlier.

 

Tate & Lyle hires former De Beers Group CFO Sarah Kuijlaars as their new CFO.

 

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

Dowlais Group

Genuit Group

Just Group

Network International Holdings*

Sycona

 

 

US

 

The Home Depot

 

Reporting Tomorrow:

UK

 

Aviva

Balfour Beatty

 

 

US

 

Cisco Systems

 

 

In Focus Today:

UK Average Earnings Including Bonus

UK Claimant Count Change

UK Employment Change

UK ILO Unemployment Rate

German ZEW Survey – Current Situation

German ZEW Survey – Economic Sentiment

EU ZEW Survey – Economic Sentiment

US Producer Price Index

Fed’s Bostic speech

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 15th August 2024:

 

Rio Tinto

Entain

Anglo American

Hikma Pharmaceuticals

Barclays

HSBC Holdings

GSK

Shell

Haleon

London Stock Exchange Group

Pershing Square Holdings

 

 

UK 250 companies going ex-dividend on 15th August 2024:

 

Chemring Group

ICG Enterprise Trust

Greencoat UK Wind

Murray Income Trust

Elementis

abrdn

Rotork

Target Healthcare REIT

Keller Group

Domino’s Pizza Group

Renewables Infrastructure Group

Hiscox

4imprint Group

Impax Environmental Markets

Balanced Commercial Property Trust

Lancashire Holdings

Tritax EuroBox GBP

NextEnergy Solar Fund

Harbour Energy

TI Fluid Systems

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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