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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Informa PLC | 880.0 | 3.9% |
| Easyjet PLC | 442.6 | 3.5% |
| Intertek Group PLC | 4,798.0 | 3.0% |
| Endeavour Mining PLC | 1,786.0 | 2.9% |
| Reckitt Benckiser Group PLC | 4,520.0 | 2.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Rolls-Royce Holdings PLC | 446.0 | -3.0% |
| Scottish Mortgage Investment Trust PLC | 853.8 | -2.8% |
| Pershing Square Holdings LTD | 4122.2 | -2.1% |
| Burberry Group PLC | 705.4 | -2.0% |
| Halma PLC | 2566.5 | -1.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,167 | -0.4% | 6.4% |
| DOW JONES INDUS. AVG | 40,358 | -0.1% | 14.0% |
| DAX INDEX | 18,558 | 0.8% | 14.6% |
| NIKKEI 225 | 39,155 | -1.1% | 20.8% |
| S&P/ASX 200 INDEX | 7,964 | -0.1% | 9.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 77.36 | 0.52% |
| Brent Crude (ICE) | USD/bbl. | 81.42 | 0.51% |
| Gold Spot | USD/t oz. | 2,418 | 0.3% |
| Copper (Comex) | USd/lb. | 416 | -0.1% |
Click graph to enlarge
The UK 100 called to open -44 points at 8,109. The UK 100 looks set to open lower this morning following yesterdays tech sell-off on Wall Street. The S&P fell 2% and the Nasdaq 3.6% in their worst performances since 2022, lead lower by a 7% fall in Nvidia and a 5% drop in Alphabet. In Asia this morning Japan’s Nikkei dropped 3.2%.
AstraZeneca raised their sales and profit forecast for 2024 and topped analyst expectations for Q2 revenue, buoyed by demand for its therapies for cancer and rare diseases.
British American Tobacco reported a 1.3% rise in H1 profit, exceeding analyst expectations.
BT Group state they are on track to deliver its financial outlook for the year and its cash flow targets up to 2030. Tight cost control have helped increase earning in Q1, despite a fall in revenue that was in-line with expectations.
Centrica reported a fall in H1 adjusted operating profit as the energy market moved towards a more normalised operating environment amid reduced price volatility.
ITV reported a 10% rise in total advertising revenue in H1, which it said was ahead of expectations, benefiting from Euro 2024. They are on track to deliver the 2026 Key Performance Indicator targets it previously set out.
Lloyds reported a 14% fall in H1 pretax profit to £3.3bn, broadly in line with forecasts, as lending margins held firm in the face of mounting competition. Analysts had been expecting a statutory pretax profit of £3.21bn for H1 and £1.58bn for Q2. They reported a 2.94% net interest margin, a key profit metric that measures the gap between what the bank pays savers and charges borrowers, matching forecasts. They left their performance guidance for the rest of the year unchanged, saying they were confident in meeting their targets for this year and out to 2026. They pledged an interim dividend of 1.06p per share, up 15% YoY. There were no further provisions for the probe into overcharging by motor finance lenders.
Unilever reported a worse-than-expected underlying quarterly sales after it was unable to win back shoppers it had alienated in recent years with higher prices.
Vodafone reported a 5.4% rise in service revenue for Q1, a slowdown on the previous three quarters, after its biggest market Germany went into reverse due to changes in cable TV regulation. Their performance was in line with guidance for the FY.
Barclays Downgrades Ascential to Equal-weight from Overweight (4 Buys / 1 Hold / 0 Sells)
Berenberg Downgrades Ascential to Hold from Buy (4 Buys / 1 Hold / 0 Sells)
Deutsche Bank Downgrades Primary Health Properties to Hold from Buy (5 Buys / 3 Holds / 0 Sells)
UK
Airtel Africa PLC*
Anglo American PLC
AstraZeneca PLC
BT Group PLC
British American Tobacco PLC
Centamin PLC
Centrica PLC
Hammerson PLC*
Howden Joinary PLC
IG Group Holdings
ITV PLC
JTC PLC
Lloyds Banking Group PLC
RELX PLC
Rentokil Initial PLC
Unilever PLC
Vodafone Group PLC
US
AbbVie
GE Vernova
Keurig Dr Pepper
Mastercard
Willis Towers Watson
UK
Alliance Trust PLC*
Drax Group PLC
IMI PLC
Informa PLC*
Jupiter Fund Management PLC*
Man Group PLC
NatWest Group PLC
Rightmove PLC
Segro PLC
US
3M Co
Aon
Bristol-Myers Squibb
Eurogroup Meeting
German IFO – Business Climate
German IFO – Expectations
US Core Personal Consumption Expenditures
US Durable Goods Orders
US Gross Domestic Product Annualized
US Initial Jobless Claims
US Personal Consumption Expenditures Prices
US Pending Home Sales
UK 100 companies going ex-dividend on 25th July 2024:
SSE
UK 250 companies going ex-dividend on 25th July 2024:
Pennon Group
QinetiQ Group
Foresight Solar Fund
Bankers Investment Trust
City of London Investment Trust
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