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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Rentokil Initial PLC | 474.6 | 14.3% |
| St. James’s Place PLC | 536.0 | 5.5% |
| Persimmon PLC | 1,499.5 | 4.0% |
| Intermediate Capital Group PLC | 2,356.0 | 3.8% |
| Howden Joinery Group PLC | 892.5 | 3.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Legal & General Group PLC | 230.5 | -5.2% |
| B&M European Value Retail S.A. | 472.5 | -2.6% |
| Smurfit Kappa Group PLC | 3534.0 | -1.6% |
| Vodafone Group PLC | 69.2 | -1.2% |
| BP PLC | 463.9 | -1.0% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,215 | 0.8% | 8.5% |
| DOW JONES INDUS. AVG | 38,712 | -0.1% | 13.6% |
| DAX INDEX | 18,631 | 1.4% | 15.7% |
| NIKKEI 225 | 38,877 | -0.7% | 17.7% |
| S&P/ASX 200 INDEX | 7,716 | -0.5% | 8.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 78.29 | 0.50% |
| Brent Crude (ICE) | USD/bbl. | 82.38 | 0.56% |
| Gold Spot | USD/t oz. | 2,325 | 0.3% |
| Copper (Comex) | USd/lb. | 453 | 0.7% |
Click graph to enlarge
The UK 100 called to open -23 points at 8,192. The UK 100 looks set to open lower this morning. Yesterday on Wall Street saw the S&P jump to a fresh record and closed above 5,400 for the first time after the Federal Reserve’s latest policy announcement and May inflation data pointed to easing pricing pressures. However, the Fed’s latest projections, also released Wednesday, showed the central bank only sees one rate cut taking place this year. That is down from three expected rate cuts in early 2024. The broader market index climbed 0.85%, closing at 5,421.03, while the Nasdaq gained 1.53%, ending at 17,608.44. The Dow Jones slipped 0.09%, or 35.21 points, to end at 38,712.21.
Crest Nicholson Holdings have issued a profit warning as they have forecast their profit would fall by around one-third amid demand challenges in the housing sector after they reported an 88% slump in HY earnings and cut their dividend payout. They reported a H1 pretax profit of £2.6m, down from £20.9m a year ago. Their CEO Peter Truscott will step down from the board on Friday and will be replaced by Martyn Clark.
Halma reports a FY24 pretax profit “record” of £340.3m, up 17% YoY from £291.5m. They’ve had “positive start” to FY25, as they expect “good” organic CER revenue growth.
Virgin Money UK report a H1 pretax profit of £279m, up 18% YoY from £236m.
Wise reports a FY24 pretax profit of £481.4m, more than triple the £146.5m profit they reported last year.
No new broker comments
UK
Crest Nicholson Holdings
Halma
Virgin Money UK
US
Signet Jewelers
Adobe
UK
Tesco
US
None
Eurogroup Meeting
EU Industrial Production
US Initial Jobless Claims
US Producer Price Index
Fed’s Williams speech
UK 100 companies going ex-dividend on 13th June 2024:
Intermediate Capital Group
RS Group
Land Securities Group
Compass Group
JD Sports Fashion
Scottish Mortgage Investment Trust
UK 250 companies going ex-dividend on 13th June 2024:
TBC Bank Group
3i Infrastructure
Empiric Student Property
Hollywood Bowl Group
LondonMetric Property
Worldwide Healthcare Trust
SDCL Energy Efficiency Income Trust
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