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Morning Report - 4 June 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Jd Sports Fashion PLC 136.0 6.6%
St. James’s Place PLC 520.5 4.2%
Easyjet PLC 476.4 3.6%
Entain PLC 697.4 3.3%
Ocado Group PLC 384.1 2.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
GSK PLC 1601.5 -9.3%
Ashtead Group PLC 5546.0 -2.5%
BP PLC 481.2 -1.4%
Intermediate Capital Group PLC 2281.0 -1.3%
Severn Trent PLC 2358.0 -1.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,263 -0.2% 8.6%
DOW JONES INDUS. AVG 38,274 -1.1% 13.4%
DAX INDEX 18,608 0.6% 15.9%
NIKKEI 225 38,923 1.1% 23.5%
S&P/ASX 200 INDEX 7,761 0.8% 8.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 74.30 -3.49%
Brent Crude (ICE) USD/bbl. 78.46 -3.27%
Gold Spot USD/t oz. 2,347 0.9%
Copper (Comex) USd/lb. 466 1.3%

 

The UK 100 called to open -20 points at 8,242

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -20 points at 8,242.  The UK 100 looks set to open slightly lower this morning as oil prices have continued to decline overnight.  Stateside yesterday saw a mixed trading session, The Dow Jones slipped 115.29 points, or 0.30% to close at 38,571.03. The S&P inched higher by 0.11% to finish the session at 5,283.40, while the Nasdaq added 0.56% to 16,828.67.

 

 

Company News & Broker Comments:

Company News:

British American Tobacco said they expect a small decline in HY revenue and adjusted profit from operations, but have maintained their FY forecast of low single digit growth.

 

Chemring Group is targeting to increase their annual revenue to around £1bn by 2030. They reported an adjusted H1 pretax profit of £22.7m.

 

Vistry, Blackstone Real Estate and Regis Group agree terms for 1,750 new homes worth £580m.

 

Vodafone CFO Luka Mucic buys 510,000 shares at 76p, worth £388,365 on Monday.

 

Wizz Air carries 5.1m passengers in May at 91% load factor.

 

 

Broker Comments:

Berenberg Upgrades Future to Buy from Hold (6 Buys / 2 Holds / 1 Sell)

 

Peel Hunt Upgrades Carnival to Buy (16 Buys / 3 Holds / 2 Sells)

Reporting Today:

UK

 

British American Tobacco PLC

Chemring Group PLC

Londonmetric Property PLC

 

 

US

 

CrowdStrike

Hewlett Packard Enterprise

 

Reporting Tomorrow:

UK

 

B&M European Value Retail SA

Discoverie Group PLC

Ninety One PLC

Paragon Banking Group PLC

WH Smith PLC

Workspace Group PLC

 

US

 

GameStop

 

 

 

In Focus Today:

German Unemployment Change

German Unemployment Rate s.a.

US Factory Orders

Japanese Labor Cash Earnings

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 6th June 2024:

 

Vodafone Group

National Grid

Sainsbury (J)

WPP

Informa

 

 

UK 250 companies going ex-dividend on 6th June 2024:

 

Marshalls

Computacenter

Assura

IntegraFin Holdings

Energean

Johnson Matthey

AJ Bell

Capital Gearing Trust

Edinburgh Investment Trust

JLEN Environmental Assets Group

Pets At Home Group

Balanced Commercial Property Trust

 

 

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