This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Phoenix Group Holdings PLC | 519.5 | 6.5% |
| Berkeley Group Holdings (The) PLC | 5,040.0 | 5.0% |
| Persimmon PLC | 1,366.5 | 4.7% |
| Taylor Wimpey PLC | 139.2 | 4.1% |
| Barratt Developments PLC | 478.7 | 4.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Intercontinental Hotels Group PLC | 7,726.0 | -2.1% |
| Beazley PLC | 629.5 | -1.6% |
| Fresnillo PLC | 549.5 | -1.5% |
| BP PLC | 510.4 | -1.1% |
| Easyjet PLC | 541.6 | -1.0% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,213 | 0.5% | 5.6% |
| DOW JONES INDUS. AVG | 38,852 | 0.5% | 15.4% |
| DAX INDEX | 18,175 | 1.0% | 13.9% |
| NIKKEI 225 | 38,835 | 1.6% | 33.2% |
| S&P/ASX 200 INDEX | 7,793 | 1.4% | 7.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 78.55 | 0.09% |
| Brent Crude (ICE) | USD/bbl. | 83.39 | 0.07% |
| Gold Spot | USD/t oz. | 2,321 | -0.1% |
| Copper (Comex) | USd/lb. | 458 | -0.7% |
Click graph to enlarge
The UK 100 called to open +81 points at 8,295. The UK 100 looks set to test 8300 for the first time this morning, this follows a strong week for the UK’s blue chip index, which saw a record high close before the bank holiday weekend. Driven by Shifting expectations of near-term rate cuts both in the UK and across the Atlantic fuelled much of the market optimism. Yesterday the Dow Jones climbed 176.59 points, or 0.46%, to close at 38,852.27. It was the fourth consecutive winning session for the 30-stock index. The S&P advanced 1.03% to end at 5,180.74, and the Nasdaq gained 1.19% to reach 16,349.25.
BP reported Q1 earnings of $2.7bn, missing forecasts of $2.87bn while the company extended their $1.75bn share repurchase programme. The results reflected lower energy prices and the impact of Whiting refinery outage and a significantly weaker fuels margin. Those were partially offset by significantly lower level of turnaround activity at BP facilities as well as a strong oil trading result and higher realised refining margins.
IWG reported Q1 2024 revenue of $912m, up from $911m YoY. They have 141,000 rooms open with a pipeline of 138,000 rooms signed but not yet opened. They are focused on improving margin and controlling overheads across the group.
No new broker comments
UK
BP
IWG
US
The Walt Disney Co
Arista Networks
Occidental Petroleum
Rivian Automotive
Twilio
Upstart Holdings
Virgin Galactic
UK
OSB Group
Renishaw
Wetherspoon (JD)
Direct Line Insurance Group PLC
US
Shopify
Airbnb
AMC Entertainment
ARM Holdings
Uber Technologies
German Factory Orders
German Trade Balance
EU Retail Sales
Fed’s Kashkari speech
UK 100 companies going ex-dividend on 9th May 2024:
HSBC Holdings
Admiral Group
UK 250 companies going ex-dividend on 9th May 2024:
Petershill Partners
SThree
Ibstock
Barr (A.G.)
Bellevue Healthcare Trust
Lancashire Holdings
Clarkson
Fidelity Special Values
Balanced Commercial Property Trust
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.