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Morning Report - 17 June 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Bt Group PLC 139.6 3.4%
Tesco PLC 310.2 2.6%
Sage Group PLC 1,056.5 2.5%
Airtel Africa PLC 118.6 2.3%
Ocado Group PLC 357.3 1.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Burberry Group PLC 980.2 -4.2%
Melrose Industries PLC 600.6 -4.2%
Bae Systems PLC 1335.0 -3.5%
Rentokil Initial PLC 447.1 -3.1%
Intertek Group PLC 4744.0 -3.0%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,147 -0.2% 6.6%
DOW JONES INDUS. AVG 38,589 -0.2% 12.5%
DAX INDEX 18,002 -1.4% 10.1%
NIKKEI 225 38,102 -1.8% 13.0%
S&P/ASX 200 INDEX 7,700 -0.3% 6.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 78.09 -0.46%
Brent Crude (ICE) USD/bbl. 82.22 -0.48%
Gold Spot USD/t oz. 2,318 -0.7%
Copper (Comex) USd/lb. 442 -1.3%
The UK 100 called to open +52 points at 8,198

4 Hours; 2 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +52 points at 8,198.  The UK 100 looks set to start the week on the front foot, rebounding from last week’s disappointing performance. It was a mixed day for Asian markets today with India’s Sensex up 0.24% and the Hang Seng up 0.1% in Hong Kong, but Tokyo’s Nikkei down 1.8% and the Shanghai Composite down 0.55%.  The Nasdaq ticked higher on Friday to close at a record for the fifth straight session. The tech-heavy index inched higher by 0.12% to end at 17,688.88. The S&P inched lower by 0.04%, closing at 5,431.60 and snapping a four-day win streak. The Dow slipped 57.94 points, or 0.15%, to end at 38,589.16.

 

 

Company News & Broker Comments:

Company News:

AstraZeneca notes that Imfinzi plus chemotherapy approved in US for form of endometrial cancer.

 

Hikma Pharmaceuticals are to buy parts of Cellia’s US finished dosage form business for $135m plus an additional contingent consideration of up to $50m.

 

Kingfisher have hired British Land CFO Bhavesh Mistry to be their new CFO.

 

 

Broker Comments:

Goldman Sachs Downgrades SSP Group to Sell from Neutral (9 Buys / 3 Holds / 1 Sell)

Reporting Today:

UK

 

Monks Investment Trust

 

 

US

 

None

 

Reporting Tuesday:

UK

 

Ashtead Group PLC

Telecom Plus PLC*

Whitbread PLC

 

US

 

None

 

 

 

In Focus Today:

Chinese Industrial Production

Chinese Retail Sales

Eurogroup Meeting

NY Empire State Manufacturing Index

Fed’s Harker speech

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 20th June 2024:

 

United Utilities Group

Persimmon

Airtel Africa

3i Group

Experian

 

 

UK 250 companies going ex-dividend on 20th June 2024:

 

British Land Company

Tate & Lyle

Mercantile Investment Trust

Templeton Emerging Markets IT

AVI Global Trust

MITIE Group

Patria Private Equity Trust

Fidelity China Special Situations

 

 

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