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Morning Report - 25 June 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Prudential PLC 759.0 7.3%
Frasers Group PLC 903.5 3.9%
Burberry Group PLC 1,018.0 3.4%
Antofagasta PLC 2,121.0 3.1%
JD Sports Fashion PLC 130.0 3.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
Berkeley Group Holdings (The) PLC 4632.0 -2.1%
Sage Group PLC 1066.5 -1.3%
National Grid PLC 888.8 -1.1%
Smurfit Kappa Group PLC 3620.0 -1.0%
Auto Trader Group PLC 804.6 -0.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,282 0.5% 11.0%
DOW JONES INDUS. AVG 39,411 0.7% 16.9%
DAX INDEX 18,326 0.9% 15.8%
NIKKEI 225 39,178 1.0% 19.0%
S&P/ASX 200 INDEX 7,832 1.3% 9.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.69 0.07%
Brent Crude (ICE) USD/bbl. 86.06 0.06%
Gold Spot USD/t oz. 2,325 -0.4%
Copper (Comex) USd/lb. 443 0.2%
The UK 100 called to open +19 points at 8,301

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +19 points at 8,301.  The UK 100 looks set to open higher today, continuing on from yesterdays strong showing for the UK’s blue-chip index.  On Wall Street yesterday it was a mixed session, the Dow Jones Industrial Average climbed Monday as investors sold big technology names in favour of other sectors such as banks and energy.  The Dow advanced 260.88 points, or 0.67%, to close at 39,411.21. The S&P slid 0.31% to 5,447.87, while the tech-heavy Nasdaq declined 1.09% to 17,496.82. It was the worst day since April for the Nasdaq.

 

 

Company News & Broker Comments:

Company News:

AstraZeneca states that Imfinzi improved event-free survival and overall survival in bladder cancer but Imfinzi did not achieve statistical significance re form of lung cancer. They also hail the approval of Tagrisso plus chemotherapy in Japan as 1st-line treatment.

 

Hipgnosis notes that the CMA needs no further information re takeover by Blackstone-advised funds.

 

Land Securities buys an additional 17.5% stake in Bluewater from GIC for £120m.

 

 

Broker Comments:

Berenberg Downgrades Direct Line Insurance Group to Hold from Buy (6 Buys / 8 Holds / 0 Sells)

 

Berenberg Upgrades Admiral Group to Buy from Hold (2 Buys / 6 Holds / 2 Sells)

 

UBS Downgrades 3i Group to Neutral from Buy (4 Buys / 1 Hold / 0 Sells)

Reporting Today:

UK

 

Warehouse REIT PLC

Carnival

 

 

US

 

Carnival Corp

FedEx

 

Reporting Tomorrow:

UK

 

AO World PLC

Liontrust Asset Management PLC

 

US

 

Micron Technology

 

 

 

In Focus Today:

Eurogroup Meeting

US Housing Price Index

US Consumer Confidence

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 27th June 2024:

 

Burberry Group

British American Tobacco

B&M European Value Retail S.A.

 

 

UK 250 companies going ex-dividend on 27th June 2024:

 

Premier Foods

Caledonia Investments

Sirius Real Estate

discoverIE Group

TR Property Investment Trust

Virgin Money UK

 

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