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Morning Report - 29 May 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 407.0 8.9%
Jd Sports Fashion PLC 127.3 4.8%
Fresnillo PLC 618.5 3.8%
Antofagasta PLC 2,311.0 2.9%
Intermediate Capital Group PLC 2,386.0 2.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
Flutter Entertainment PLC 14975.0 -6.4%
Entain PLC 682.4 -3.5%
Associated British Foods PLC 2634.0 -3.2%
Persimmon PLC 1436.5 -3.0%
Relx PLC 3430.0 -2.6%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,254 -0.8% 8.2%
DOW JONES INDUS. AVG 38,853 -0.6% 17.4%
DAX INDEX 18,678 -0.5% 17.1%
NIKKEI 225 38,557 -0.8% 23.5%
S&P/ASX 200 INDEX 7,666 -1.3% 6.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 80.09 0.33%
Brent Crude (ICE) USD/bbl. 84.39 0.20%
Gold Spot USD/t oz. 2,352 -0.4%
Copper (Comex) USd/lb. 486 0.0%

 

The UK 100 called to open -12 points at 8,242

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -12 points at 8,242.  The UK 100 looks set to open lower once more today as investors will be looking to break a six day losing streak for the UK’s blue chip index.  Last night, the Dow Jones fell 0.55%, the Nasdaq however rose 0.59%, with the S&P closing close to flat, with NVIDIA hitting a new all-time high but other tech mega-caps flattish. All major Asian indices are in red this morning, with the Hang Seng down 1.9% and Nikkei 0.8% lower.

 

 

Company News & Broker Comments:

Company News:

Anglo American: BHP Group are struggling to find common ground with Anglo American in talks over its takeover offer, with no new concessions as a deadline nears to submit a binding offer.

 

International Distribution Services agrees to a £3.6bn takeover by Czech Billionaire Daniel Kretinsky.

 

Pets at Home posted lower annual profit as inflationary pressures and lower purchasing power dented demand for pet accessories such as collars and bedding. They posted an underlying profit before tax of £132m for 2024, compared with £136.4m in the previous year.

 

 

Broker Comments:

RBC Upgrades Fresnillo to Outperform from Sector Perform (1 Buy / 10 Holds / 0 Sells)

Kind Regards,

Reporting Today:

UK

 

Bank of Georgia PLC

Pets at Home Group PLC

 

 

US

 

HP

Salesforce

UiPath

 

 

Reporting Tomorrow:

UK

 

Auto Trader Group PLC

Dr Martens PLC

 

US

 

Costco Wholesale

MongoDB

Zscaler

 

 

 

In Focus Today:

German GfK Consumer Confidence Survey

German Consumer Price Index

German Harmonized Index of Consumer Prices

Fed’s Williams speech

Fed’s Beige Book

 

 

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 30th May 2024:

 

Coca-Cola HBC AG

Severn Trent

Centrica

Intertek Group

Associated British Foods

Marks and Spencer Group

Sage Group

 

 

UK 250 companies going ex-dividend on 30th May 2024:

 

Hilton Food Group

Keller Group

Great Portland Estates

Hill & Smith

Centamin

Victrex

Britvic

Temple Bar Investment Trust

BlackRock World Mining Trust

Law Debenture Corporation

JTC

JPMorgan Global Growth & Income

SSP Group

Alliance Trust

 

 

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