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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Whitbread PLC | 3,191.5 | 4.7% |
| HSBC Holdings PLC | 698.1 | 4.5% |
| Intermediate Capital Group PLC | 2,106.0 | 3.6% |
| Haleon PLC | 340.4 | 2.8% |
| Beazley PLC | 668.5 | 1.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Fresnillo PLC | 556.0 | -5.8% |
| Prudential PLC | 705.8 | -4.8% |
| Anglo American PLC | 2,638.0 | -4.1% |
| Entain PLC | 788.0 | -3.7% |
| Vodafone Group PLC | 68.0 | -2.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,144 | 0.0% | 3.5% |
| DOW JONES INDUS. AVG | 37,816 | -1.5% | 11.1% |
| DAX INDEX | 17,932 | -1.0% | 12.6% |
| NIKKEI 225 | 38,274 | -0.3% | 31.4% |
| S&P/ASX 200 INDEX | 7,570 | -1.2% | 3.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 81.02 | -1.11% |
| Brent Crude (ICE) | USD/bbl. | 87.86 | -0.61% |
| Gold Spot | USD/t oz. | 2,288 | 0.1% |
| Copper (Comex) | USd/lb. | 454 | -0.5% |
Click graph to enlarge
The UK 100 called to open +5 points at 8,149. The UK 100 looks set to open marginally higher once more this morning. Stateside yesterday stocks tumbled to close out a losing month after higher-than-expected wage data raised fresh inflation concerns ahead of the Federal Reserve’s rate decision on Wednesday. The S&P dropped 1.57% to close at 5,035.69 The Dow Jones fell 570.17 points, or 1.49% to finish the session at 37,815.92. The Nasdaq shed 2.04% to 15,657.82.
Aston Martin posted a bigger-than-expected Q1 pretax loss due to higher finance costs and the timings of its car launches. They reported an adjusted pretax loss of £111m for Q1, up from £57m YoY. Analysts on average were expecting an adjusted pretax loss of £93m.
GSK have raised their FY profit forecast and said that its sales would be higher in H1 than H2 on the back of strong demand for its common respiratory virus and shingles vaccines. They now expect a rise of 8-10% in annual adjusted earnings per share, up from 6-9% growth previously forecast. They also expect their 2024 sales to rise in the upper end of its 5-7% forecast range. They reported a profit of 43.1p per share on sales of £7.36bn for Q1, above analysts’ average expectations of a 37.3p profit on sales of £7.07bn.
Haleon report a Q1 pretax profit of £590m, up from £542m YoY. They expect their 2024 organic revenue growth to be around 4-6% as their operating environment continues to remain challenging. They state they’re well positioned to deliver on guidance for 2024.
Halma buys MK Test Systems for £44m.
Next have maintained their forecast for annual profit after reporting a 5.7% rise in Q1 full-price sales that was slightly ahead of its guidance. They still expect a profit before tax of £960m in its 2024/25 year, up from £918m in 2023/24. They expect sales in Q2 to be weaker than Q1 because last year it benefited from particularly warm weather from late May to end of June.
Smith & Nephew missed market expectations of Q1 revenue due to softness in it Advanced Wound Management segment. They posted Q1 revenue of $1.39bn, slightly below analysts’ average expectations of $1.4bn.
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UK
Coca-Cola HBC
Elementis
Glencore
HSBC Holdings
Hargreaves Lansdown
Howden Joinery Group
Rotork
St James’ Place
Whitbread
US
Automatic Data Processing
Barrick Gold
The Estee Lauder Companies
The Kraft Heinz Co
Mastercard
Pfizer
Etsy
Qualcomm Inc
UK
Endeavour Mining*
Melrose Industries
Shell
Smurfit Kappa Group
Spectris
Standard Chartered*
TI Fluid Systems
US
Amgen
Moderna
Novo Nordisk
Apple Inc
Block
Cloudflare
Coinbase Global
Illumina
Unity Software
US ADP Employment Change
US ISM Manufacturing PMI
US JOLTS Job Openings
Fed Interest Rate Decision
Fed Monetary Policy Statement
FOMC Press Conference
BoJ Monetary Policy Meeting Minutes
UK 100 companies going ex-dividend on 2nd May 2024:
RELX
Glencore
UK 250 companies going ex-dividend on 2nd May 2024:
Inchcape
GCP Infrastructure Investments
Coats Group
Genuit Group
4imprint Group
Hiscox
Elementis
Senior
Edinburgh Investment Trust
IWG
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