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Morning Report - 12 March 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Persimmon PLC 1,234.5 5.5%
London Stock Exchange Group PLC 11,055.0 3.4%
Rolls-Royce Holdings PLC 747.4 2.0%
Barratt Redrow PLC 434.9 1.9%
Fresnillo PLC 854.0 1.9%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
International Consolidated Airlines Group S.A. 291.5 -6.1%
Rentokil Initial PLC 323.4 -4.6%
Intertek Group PLC 4,960.0 -4.1%
Diploma PLC 4,016.0 -4.0%
Spirax Group PLC 6,750.0 -3.9%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,496 -1.2% 9.7%
DOW JONES INDUS. AVG 41,433 -1.1% 6.2%
DAX INDEX 22,329 -1.3% 24.3%
NIKKEI 225 36,819 0.1% -5.1%
S&P/ASX 200 INDEX 7,786 -1.3% 1.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 66.37 0.18%
Brent Crude (ICE) USD/bbl. 69.72 0.23%
Gold Spot USD/t oz. 2,913 -0.1%
Copper (Comex) USd/lb. 479 0.6%

 

The UK 100 called to open +22 points at 8,517

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +22 points at 8,517.  The UK 100 looks set to open modestly higher this morning. 

The S&P ended the session 0.76% lower, falling to 5,572.07. At its low of Tuesday’s session, the index was 10% below its record close. The Dow Jones lost 478.23 points, or 1.14%, to close at 41,433.48. The Nasdaq slipped 0.18%, closing at 17,436.10.  The S&P 500 was in the green at one point during the trading session before Trump declared on Truth Social that Canadian steel and aluminum duties would double to 50% from 25%, effective Wednesday. The president made the move in response to Ontario Premier Doug Ford’s surcharge on electricity exported to the U.S.  Later in the day, Ford said he was temporarily suspending the 25% surcharge after talking with Commerce Secretary Howard Lutnick.

In focus today will be the consumer price index read out of the US at the 12.30pm (GMT).

 

Company News & Broker Comments:

Company News:

Balfour Beatty has hiked its dividend after the construction giant reported a bumper year.  On Wednesday, the London-listed firm recommended a final dividend per share of 12.5p, up nine per cent from last year’s 11.5p. Basic earnings per share also rose from 34.2p to 43.6p.  Balfour Beatty is also in the process of a multi-year share buyback programme and announced its intention to repurchase £125m of shares in 2025.  The net result means shareholders can expect around £188m in returns in 2025, up from £161m in 2024.  Balfour Beatty announced the cash returns as its order book swelled to £18.4bn in 2024 and its annual pre-tax profit jumped from £214m to £289m.

 

Legal & General Group has unveiled a 5% dividend hike and a £500 million share buyback, though profits for last year were very slightly below expectations.  The size of the life insurer’s buyback was larger than many analysts’ predictions, with figures below £400 million having generally been forecast.

 

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

4imprint Group (FOUR)

Balfour Beatty (BBY)

Hill & Smith (HILS)

Hochschild Mining (HOC)

Legal & General Group (LGEN)

 

US

 

Adobe (ADBE) AMC

UiPath (PATH) AMC

 

Reporting Tomorrow:

UK

 

OSB Group (OSB)

Savills (SVS)

Halma (HLMA)

Trainline (TRN)

 

US

 

DocuSign (DOCU) AMC

In Focus Today:

German 10-y Bond Auction

US Consumer Price Index

Fed’s Musalem speech

US Monthly Budget Statement

 

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 13th March 2025:

 

Endeavour Mining

NatWest Group

Anglo American

Entain

UK 250 companies going ex-dividend on 13th March 2025:

 

Safestore Holdings

Dunelm Group

JPMorgan Emerging Markets Invest Trust

Tritax Big Box REIT

Apax Global Alpha

SDCL Energy Efficiency Income Trust

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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