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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| B&M European Value Retail S.A. | 466.0 | 4.3% |
| Jd Sports Fashion PLC | 118.7 | 3.5% |
| Smith (Ds) PLC | 438.0 | 3.5% |
| Marks And Spencer Group PLC | 309.3 | 3.1% |
| Airtel Africa PLC | 119.6 | 3.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Burberry Group PLC | 704.6 | -5.3% |
| Severn Trent PLC | 2473.0 | -4.8% |
| United Utilities Group PLC | 997.0 | -3.7% |
| Glencore PLC | 458.6 | -2.7% |
| Rio Tinto PLC | 5071.0 | -2.3% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,165 | -0.2% | 9.8% |
| DOW JONES INDUS. AVG | 40,954 | 1.9% | 18.7% |
| DAX INDEX | 18,518 | -0.4% | 15.0% |
| NIKKEI 225 | 41,275 | 0.2% | 27.4% |
| S&P/ASX 200 INDEX | 7,999 | -0.2% | 9.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 80.76 | -1.40% |
| Brent Crude (ICE) | USD/bbl. | 83.93 | -1.08% |
| Gold Spot | USD/t oz. | 2,469 | 1.9% |
| Copper (Comex) | USd/lb. | 445 | -1.7% |
Click graph to enlarge
The UK 100 called to open +5 points at 8,175. UK 100 is set to open slightly higher on Wednesday following Fed Chair Jerome Powell’s latest assurance that inflation is retuning to target, which has driven hope of an imminent interest rate cut. UK CPI data ticked higher this morning +2% YoY, when +1.9% was expected. This is still in line with the government’s key 2% inflation target. Wall street surged yesterday, posting fresh record highs with the Dow closing +1.9% at 40,954, S&P +0.6% at 5,667 & Nasdaq +0.2% at 18,509. In Asia overnight it was a mixed trading session as Hong Kong closed +0.1% and Tokyo closed -0.2%.
Antofagasta expects their FY Copper output to be at the lower end of its 670,000-710,000 metric ton guidance range, due to lower ore grades. Their net cash costs stood at $1.94 per pound in H1, 11% higher than the same 2023 period.
Babcock International posted a 34% jump in annual profit, helped by its strong operating performance in nuclear, land and aviation sectors.
BHP Group reported record annual iron ore production, helped by improved weather conditions and higher contribution from its South Flank operations in Australia.
HSBC promotes their current CFO Georges Elhedery to be their new CEO from September.
Reckitt Benckiser confirms all employees are safe after tornado strikes their Indiana warehouse. Their Mount Vernon warehouse is significantly damaged and is not operational.
Smiths Group sells 1.2m shares in ICU Medical (4.9% stake) to receive net $152m.
RBC Downgrades Legal & General to ‘Sector Perform’ from Outperform (4 Buys / 6 Holds / 0 Sells)
UK
Antofagasta PLC
US
Johnson & Johnson
UK
AJ Bell PLC
Anglo American PLC
Dunelm Group PLC
Kier Group PLC
QinetiQ Group PLC
SSE PLC
Diploma PLC
US
Abbott Laboratories
Blackstone
Taiwan Semiconductor Manufacturing
Intuitive Surgical
Netflix
UK Consumer Price Index
UK Producer Price Index
UK Retail Price Index
EU Harmonized Index of Consumer Prices
US Building Permits
US Housing Starts
US Industrial Production
Fed’s Beige Book
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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