This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| St. James’s Place PLC | 484.0 | 3.0% |
| Spirax-Sarco Engineering PLC | 9,340.0 | 2.8% |
| Standard Chartered PLC | 775.2 | 2.7% |
| Glencore PLC | 474.1 | 2.3% |
| Burberry Group PLC | 1,187.0 | 2.2% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Rightmove PLC | 546.3 | -4.6% |
| Rolls-Royce Holdings PLC | 424.9 | -2.1% |
| Ocado Group PLC | 346.9 | -2.0% |
| Unite Group PLC | 961.5 | -1.7% |
| Land Securities Group PLC | 671.5 | -1.4% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,434 | 0.6% | 8.8% |
| DOW JONES INDUS. AVG | 39,513 | 0.3% | 18.7% |
| DAX INDEX | 18,773 | 0.5% | 18.0% |
| NIKKEI 225 | 38,179 | -0.1% | 29.9% |
| S&P/ASX 200 INDEX | 7,750 | 0.0% | 6.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 78.12 | -0.18% |
| Brent Crude (ICE) | USD/bbl. | 82.61 | -0.22% |
| Gold Spot | USD/t oz. | 2,350 | -0.4% |
| Copper (Comex) | USd/lb. | 467 | 0.1% |
Click graph to enlarge
The UK 100 called to open -5 points at 8,428. The UK 100 looks set to open marginally lower this morning, the UK’s blue chip index looks set to pause for breath following 6 consecutive record closes. The Dow eked out its eighth straight session of gains on Friday and closed out its best week of the year as US stocks finished the day mostly in the green. The Dow Jones Industrial Average, which capped off its best week since Dec, jumped roughly 0.3%, or about 125 points. The benchmark S&P finished the day up about 0.2%, closing above 5,220. The tech-heavy Nasdaq closed just below the flatline.
Diploma report a H1 pretax profit of £77.8m, down from £78.7m YoY. They have declared an interim dividend of 17.3p per share, up 5% from 16.5p YoY. They have upgraded their FY24 guidance as they now expect approximately 20.5% “strong” operating margin.
Phoenix Group CFO Rakesh Thakrar is to leave in 2024. They will now start to look for a new CFO, with Stephanie Bruce hired as interim CFO.
Unite confirms the sale of six UK properties for £184m.
Victrex report a H1 pretax profit of £3.3m, down from £39.1m YoY. They state that the softer H1 performance is in line with expectations of the wider chemical sector. They are expecting mid-single digit volume growth for FY25, with no growth in pretax profit.
CitiGroup Downgrades Mondi to Neutral (2 Buys / 4 Holds / 0 Sells)
UK
Victrex PLC
Diploma PLC
US
None
UK
Greggs PLC
Virgin Money PLC
DCC PLC
Marston’s PLC*
Vodafone Group PLC
Flutter Entertainment PLC
On The Beach Group PLC
US
Alibaba Group Holding
The Home Depot
Fed’s Jefferson speech
Fed’s Mester speech
UK 100 companies going ex-dividend on 16th May 2024:
Kingfisher
Tesco
Bunzl
BP
Shell
Unilever
GSK
Pershing Square Holdings
UK 250 companies going ex-dividend on 16th May 2024:
RHI Magnesita N.V.
PageGroup
Balfour Beatty
Octopus Renewables Infrastructure Trust
Renewables Infrastructure Group
Greencoat UK Wind
Spectris
Essentra
Murray Income Trust
Witan Investment 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.
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.