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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Marks And Spencer Group PLC | 256.6 | 4.4% |
| Pershing Square Holdings LTD | 3,970.0 | 4.1% |
| Sainsbury (J) PLC | 269.0 | 3.9% |
| Vodafone Group PLC | 69.6 | 3.9% |
| Tesco PLC | 291.1 | 3.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Fresnillo PLC | 587.0 | -2.5% |
| Antofagasta PLC | 2,201.0 | -2.2% |
| Intermediate Capital Group PLC | 1,960.0 | -2.0% |
| Smith (Ds) PLC | 354.8 | -1.1% |
| Anglo American PLC | 2,160.0 | -0.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| FTSE 100 INDEX | 8,045 | 0.3% | 1.7% |
| DOW JONES INDUS. AVG | 38,504 | 0.7% | 13.7% |
| DAX INDEX | 18,138 | 1.6% | 14.3% |
| NIKKEI 225 | 38,460 | 2.4% | 34.5% |
| S&P/ASX 200 INDEX | 7,683 | 0.0% | 4.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 83.01 | 1.36% |
| Brent Crude (ICE) | USD/bbl. | 88.05 | 1.21% |
| Gold Spot | USD/t oz. | 2,330 | 0.1% |
| Copper (Comex) | USd/lb. | 446 | -1.1% |
Click graph to enlarge
The UK 100 called to open +46 points at 8,091. The UK 100 looks set to open higher again this morning, setting a fresh all time high in the process, a combination of interest rate optimism and a pause in Middle East tensions have now seen the UK’s Blue-Chip index close at record highs for two consecutive sessions. Stocks on Wall Street ripped higher for a second session yesterday as a strong batch of corporate earnings assuaged concerns over higher rates. The Dow Jones climbed 263.71 points, or 0.69%, to close at 38,503.69. The S&P gained 1.2% to finish the session at 5,070.55, while the Nasdaq ticked up 1.59% to end at 15,696.64.
ABRDN reported a rise in total assets and a return to net inflows of client cash in Q1 2024, as improved market sentiment helped it stem investor exits to rivals. They reported £0.8bn of net inflows over January-March period, while their assets under management increased 3% to £507.7bn since the start of the year.
Croda International says they are on track to meet previous group guidance for FY24.
Fresnillo says their 2024 silver and gold production outlooks are in line with previous guidance. Their Q1 total silver production +2.7% YoY as gold production was -19% YoY.
Jet2 expects their FY24 profit before forex and tax to be in the range of £515-520m. Their FY24 profit will be up 33% on the year and in line with market expectations.
Lloyds reported that their Q1 profit fell 28%, in line with analyst expectations as peaking interest rates and rising competition in the mortgage market squeezed margins. They reported a Q1 pretax profit of £1.6bn, down from £2.3bn a year ago.
Reckitt Benckiser’s like-for-like sales growth beat estimates in Q1 as more people bought its Lysol, Dettol and Finish cleaning products even as prices rose. They are on track to meet FY revenue and profit targets, led by mid-single-digit growth across its health and hygiene businesses. Their quarterly like-for-like net sales rose 1.5%, ahead of the 0.9% growth analysts had expected.
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UK
Fresnillo
Lloyds Banking Group
PZ Cussons
Reckitt Benckiser
abrdn
US
AT&T
Boeing
CME Group
Thermo Fisher Scientific
Ford Motor Co
International Business Machines
Meta Platforms
QuantumScape
ServiceNow Inc
Teladoc Health
UK
AstraZeneca
Barclays
Hikma Pharmaceuticals
Ibstock
Inchape
London Stock Exchange Group
PPHE Hotel Group
Persimmon
RELX
Sainsbury
Schroders
Travis Perkins
Unilever
W.A.G Payment Solutions
WH Smith
WPP Group
Weir Group
Indivior
US
Bristol-Myers Squibb
Caterpillar Inc
Merck & Co
Willis Towers Watson
Alphabet Inc C
Alphabet Inc A
Gilead Sciences
Intel Corp
Microsoft Corp
Snap Inc A
German IFO – Business Climate
German IFO – Current Assessment
German IFO – Expectations
US Durable Goods Orders
UK 100 companies going ex-dividend on 25th April 2024:
Legal & General Group
St. James’s Place
ConvaTec Group
Spirax-Sarco Engineering
Rightmove
UK 250 companies going ex-dividend on 25th April 2024:
Bakkavor Group
Morgan Sindall Group
Tyman
Greggs
Derwent London
ME Group International
Morgan Advanced Materials
Bodycote
Foresight Solar Fund
Murray International Trust
City of London Investment Trust
Shaftesbury Capital
Schroder Oriental Income Fund
Bankers Investment Trust
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