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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Ocado Group PLC | 370.0 | 8.2% |
| Vodafone Group PLC | 73.2 | 4.6% |
| Glencore PLC | 489.8 | 3.0% |
| BT Group PLC | 111.9 | 2.7% |
| Rightmove PLC | 549.4 | 2.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Anglo American PLC | 2,609.0 | -3.6% |
| DCC PLC | 5,780.0 | -2.1% |
| Flutter Entertainment PLC | 15,900.0 | -1.8% |
| International Consolidated Airlines Group S.A. | 184.6 | -1.0% |
| Shell PLC | 2,908.4 | -1.0% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,417 | -0.2% | 8.8% |
| DOW JONES INDUS. AVG | 39,508 | 0.0% | 18.6% |
| DAX INDEX | 18,742 | -0.2% | 17.7% |
| 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. | 78.95 | 0.88% |
| Brent Crude (ICE) | USD/bbl. | 83.26 | 0.57% |
| Gold Spot | USD/t oz. | 2,336 | -1.1% |
| Copper (Comex) | USd/lb. | 473 | 1.4% |
Click graph to enlarge
The UK 100 called to open +30 points at 8,460. UK 100 looks set to open towards new record highs on Wednesday morning. Stocks rose in the US on Tuesday following the release of fresh U.S. economic data, while investors waited for today’s U.S. CPI data, a key measure of inflation. The Nasdaq gained 0.75% and notched a fresh closing record of 16,511.18. The Dow Jones added 126.60 points, or 0.32%, to end at 39,558.11. The S&P added 0.48%, closing at 5,246.68.
Burberry reported a 34% drop un annual operating profit after it faced the challenge of repositioning its brand against a backdrop of slowing luxury demand. Their like-for-like sales fell 12% in the final quarter, wiping out gains made earlier in the year.
Experian report a FY24 pretax profit of $1.55bn, up from $1.17bn YoY. They expect 6-8% organic revenue growth in FY25 alongside 30-50bps margin expansion.
Hunting wins a $145m order from Kuwait Oil Company.
Imperial Brands reported higher H1 operating profit, thanks to increased sales of tobacco alternatives at higher prices. Their adjusted operating profit grew 2.8% in constant currency to £1.67bn for the six months ended March 31st. Analysts had expected a profit of £1.678bn in a company-compiled consensus.
TP ICAP report Q1 revenue of £570m, down 6% YoY from £606m.
TUI narrowed their operating loss in Q2 as its typically weak winter season in the Northern hemisphere ended better than expected. They reported a loss of 189m euros for the Jan-March period, which was better than the 246m euro loss expected by analyst estimates. They confirmed their 2024 guidance of 10% revenue growth and an increase in operating profit of 25%.
JP Morgan places B&M on ‘Negative Catalyst’ watch (10 Buys / 4 Holds / 0 Sells)
UK
TUI AG
Burberry Group PLC
Vanquis Banking Group PLC
Britvic PLC
Experian PLC
Compass Group PLC
Imperial Brands PLC
Spirax-Sarco Engineering PLC
US
Cisco Systems
The Trade Desk
UK
TUI AG
Burberry Group PLC
Vanquis Banking Group PLC
Britvic PLC
Experian PLC
Compass Group PLC
Imperial Brands PLC
Spirax-Sarco Engineering PLC
US
Baidu
Deere & Co
JD.com
Walmart
Applied Materials
Take-Two Interactive Software
EU Employment Change
EU Gross Domestic Product
EU Industrial Production
US Consumer Price Index
NY Empire State Manufacturing Index
US Retail Sales
US Retail Sales Control Group
Fed’s Kashkari speech
Japanese Gross Domestic Product
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
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