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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Ashtead Group PLC | 5,350.0 | 2.5% |
| 3I Group PLC | 3,067.0 | 1.7% |
| Barclays PLC | 225.8 | 1.5% |
| BAE Systems PLC | 1,279.0 | 0.9% |
| Intercontinental Hotels Group PLC | 8,384.0 | 0.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Burberry Group PLC | 744.0 | -16.1% |
| Frasers Group PLC | 843.5 | -3.6% |
| Antofagasta PLC | 2145.0 | -3.6% |
| Marks And Spencer Group PLC | 299.9 | -3.1% |
| Smith & Nephew PLC | 1070.5 | -2.7% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,183 | -0.9% | 10.1% |
| DOW JONES INDUS. AVG | 40,212 | 0.5% | 16.5% |
| DAX INDEX | 18,591 | -0.8% | 15.4% |
| NIKKEI 225 | 41,191 | -2.5% | 27.2% |
| S&P/ASX 200 INDEX | 8,018 | 0.7% | 9.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 81.86 | -0.43% |
| Brent Crude (ICE) | USD/bbl. | 84.81 | -0.26% |
| Gold Spot | USD/t oz. | 2,421 | 0.4% |
| Copper (Comex) | USd/lb. | 452 | -1.7% |
Click graph to enlarge
The UK 100 called to open -38 points at 8,144. UK 100 is set to open lower on Tuesday despite dovish Fed & Bank of England comments. US Fed reserve chair Jerome Powell said yesterday that recent data lifts the central bank’s confidence that inflation is coming down towards its 2% target. Q2 earnings season continues in the US with Bank of America and Morgan Stanley due to report before the US open today. Wall Street ended higher on Monday with the Dow closing +0.5%, S&P +0.3% and Nasdaq +0.4%. Equities were mixed in Asia on Tuesday as Tokyo closed +0.3%, Shanghai +0.3% and Hong Kong -1.2%.
B&M European Value Retail SA reported 2.4% growth in Q1 revenue despite wet weather in the UK, helped by higher volumes across its businesses.
Experian says their COO Craig Boundy is to step down as they report that their Q1 revenue increased 7% at actual exchange rates.
Ocado reported a lower H1 loss and have raised their financial guidance for the FY. They now expect their key technology solutions division to achieve a “mis-teens” EBITDA margin in the full 2023-24 year, versus previous guidance of over 10%. They have also forecast that their underlying cash flow would improve by £150m, ahead of previous expectations of £100m.
Rio Tinto reported that Q2 iron ore shipments below analyst estimates reflecting impacts to production from a train derailment in May.
No new broker comments
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
UK
Antofagasta PLC
US
Johnson & Johnson
EcoFin Meeting
Eurogroup Meeting
ECB Bank Lending Survey
German ZEW Survey – Current Situation
German ZEW Survey – Economic Sentiment
EU ZEW Survey – Economic Sentiment
US Retail Sales
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
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