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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Jd Sports Fashion PLC | 154.3 | 3.6% |
| Marks And Spencer Group PLC | 361.4 | 2.9% |
| Kingfisher PLC | 290.3 | 2.2% |
| Associated British Foods PLC | 2,232.0 | 2.0% |
| Tesco PLC | 370.6 | 1.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Phoenix Group Holdings PLC | 546.0 | -5.3% |
| Melrose Industries PLC | 467.2 | -2.6% |
| Spirax Group PLC | 7365.0 | -2.0% |
| Scottish Mortgage Investment Trust PLC | 806.4 | -1.5% |
| Prudential PLC | 615.0 | -1.4% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,278 | 0.1% | 7.4% |
| DOW JONES INDUS. AVG | 41,622 | 0.6% | 20.2% |
| DAX INDEX | 18,633 | -0.4% | 17.2% |
| NIKKEI 225 | 36,582 | -0.7% | 9.1% |
| S&P/ASX 200 INDEX | 8,122 | 0.3% | 11.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 70.09 | 2.10% |
| Brent Crude (ICE) | USD/bbl. | 72.97 | 1.90% |
| Gold Spot | USD/t oz. | 2,582 | 0.2% |
| Copper (Comex) | USd/lb. | 427 | 0.9% |
Click graph to enlarge
The UK 100 called to open +52 points at 8,330. The UK 100 looks set to open higher today, following the lead from Wall Street yesterday.
Yesterday on Wall Street saw a mixed bag for the major indices, the Dow Jones struck a new intraday and closing high, while the S&P also approached record highs as investors await the Federal Reserve’s interest rate decision and meeting tomorrow. The tech heavy Nasdaq however gave up ground, lead lower by the likes of Apple and Nvidia.
The S&P added 0.13%, ending at 5,633.09. The Dow Jones advanced 228.30 points, or 0.55%, ending at 41,622.08, meanwhile, the Nasdaq dropped 0.52%, falling to 17,592.13.
BP plans to sell its US onshore wind business, bp Wind Energy, as the company seeks to develop renewables projects through its solar business Lightsource bp. bp Wind Energy has interests in ten onshore wind sites across seven US states, of which it operates nine. Its assets have a combined gross generation capacity of 1.7 gigawatts, of which 1.3 gigawatts is net to BP. Operations are controlled at a remote centre in Houston, Texas. BP said it plans to launch a formal sale process shortly, with the division to be sold as an integrated business and workforce. The company noted all of wind energy’s assets are grid-connected and “providing power to a range of offtakers”. The decision to divest was made as “part of our strategy of continuing to simplify our portfolio and focus on value,” said Executive Vice President William Lin.
Flutter Entertainment today announces that it has agreed to acquire Snaitech S.p.A, one of Italy’s leading omni-channel operators, from a subsidiary of Playtech plc, for cash consideration based on an enterprise value of €2.3b1.
GSK’s Blenrep (myeloma drug) accepted for regulatory review in Japan, the third major regulatory filing acceptance for Blenrep combinations
Kingfisher this morning announced that trading was in line with expectations, with adjusted pre-tax profit (PBT) dipping half a percentage point to £334 million and top-line sales dipping 1.4%. It marks a considerable improvement from the 29% falling in adjusted PBT in the first half of 2023, suggesting a welcome recovery in the DIY market.
Learning Technologies Group has pointed to high inflation and the growth in AI adoption as it posted a drop in revenues and cut back its forecasts. LTG cut back its full-year revenue guidance from between £480m and £500m to between £473m £493m owing to exchange rate fluctuations, and said it expected to land at the bottom end of the new range.
The Hut Group this morning announced continued sales growth but FX headwinds. Momentum in Nutrition pleasing. Expect to be lower end of forecasts. Progressing with demerger Ingenuity. Transfer of shares so THG can become eligible for inclusion in FTSE UK index series.
RBC Downgrades Compass Group to Sector Perform from Outperform (12 Buy / 7 Hold/ 1 Sell)
UK
Kingfisher
IP Group
JTC
Petershill Partners
US
None
UK
Foresight Solar Fund*
Moonpig Group
PZ Cussons
Supermarket Income REIT*
US
None
German ZEW Survey – Current Situation
German ZEW Survey – Economic Sentiment
EU ZEW Survey – Economic Sentiment
US Retail Sales
US Retail Sales Control Group
US Industrial Production
Japanese Imports
Japanese Exports
Japanese Merchandise Trade Balance Total
UK 100 companies going ex-dividend on 19th September 2024:
Unite Group
UK 250 companies going ex-dividend on 19th September 2024:
Crest Nicholson Holdings
Foresight Group Holdings
Bridgepoint Group
IG Group Holdings
Drax Group
Essentra
Fidelity European Trust
PPHE Hotel Group
Energean
Patria Private Equity Trust
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