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 |
| Rightmove PLC | 582.4 | 4.0% |
| Spirax Group PLC | 8,950.0 | 2.8% |
| Frasers Group PLC | 875.0 | 2.8% |
| Next PLC | 9,108.0 | 2.2% |
| Marks And Spencer Group PLC | 309.6 | 2.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| United Utilities Group PLC | 1057.0 | -3.4% |
| Endeavour Mining PLC | 1811.0 | -2.3% |
| Rentokil Initial PLC | 464.0 | -2.2% |
| International Consolidated Airlines Group S.A. | 174.0 | -2.2% |
| Severn Trent PLC | 2659.0 | -2.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,253 | 0.4% | 11.0% |
| DOW JONES INDUS. AVG | 40,001 | 0.6% | 15.9% |
| DAX INDEX | 18,748 | 1.2% | 16.4% |
| NIKKEI 225 | 41,191 | -2.5% | 27.2% |
| S&P/ASX 200 INDEX | 7,959 | 0.9% | 9.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 82.21 | -0.50% |
| Brent Crude (ICE) | USD/bbl. | 85.03 | -0.43% |
| Gold Spot | USD/t oz. | 2,411 | -0.2% |
| Copper (Comex) | USd/lb. | 459 | 1.9% |
Click graph to enlarge
The UK 100 called to open -30 points at 8,224. UK 100 is set to open lower on Monday after a weekend of political uncertainty in the US, which saw an assassination attempt on Donald Trump and Joe Biden reassure supporters that he will stand for re-election. On Friday Wall Street ended higher with the Dow, S&P & Nasdaq all closing +0.6%. In Asia Shanghai was down marginally, while Hong Kong closed -1.3%. China’s economy grew 4.7% YoY in Q2 2024, but it was less than the 5.1% analysts had expected.
Burberry CEO Jonathan Akeroyd leaves immediately “by mutual agreement” with the board and will be replaced by Joshua Schulman. They have suspended their dividend for 2025 as they expect to post an operating loss in H1 after a disappointing Q1 performance.
Me Group International says the group continues to see positive trading momentum in H2.
Unilever will cut 3,200 office jobs in Europe by late 2025 as they are seeking to save 800m euros over the next 3 years.
Barclays Upgrades Glencore to Overweight from Equal Weight (5 Buys / 5 Holds / 0 Sells)
Bernstein Downgrades Ocado to Underperform from Outperform (4 Buys / 4 Holds / 2 Sells)
Morgan Stanley Downgrades BP to Equal-weight from Overweight (7 Buys / 4 Holds / 0 Sells)
UK
Me Group International PLC
US
BlackRock
Goldman Sachs
UK
B&M European Value Retail SA
Experian PLC
IntegraFin Holdings PLC
Intermediate Capital Group PLC*
Ocado Group PLC
Rio Tinto PLC
US
Bank of America Corp
Morgan Stanley
UnitedHealth Group
Chinese Gross Domestic Product
Chinese Industrial Production
Chinese Retail Sales
German Retail Sales
Eurogroup Meeting
EU Industrial Production s.a.
US NY Empire State Manufacturing Index
Fed’s Daly speech
UK 100 companies going ex-dividend on 18th July 2024:
None
UK 250 companies going ex-dividend on 18th July 2024:
Cranswick
Bytes Technology Group
Ninety One
C&C Group
FirstGroup
Schroder Oriental Income Fund
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.