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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Persimmon PLC | 1,422.0 | 4.1% |
| DCC PLC | 5,710.0 | 3.9% |
| Barclays PLC | 210.0 | 3.8% |
| SSE PLC | 1,722.1 | 3.7% |
| Lloyds Banking Group PLC | 53.9 | 3.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Easyjet PLC | 510.9 | -5.7% |
| BP PLC | 500.0 | -2.0% |
| Melrose Industries PLC | 593.4 | -1.7% |
| Burberry Group PLC | 1,160.6 | -1.6% |
| Haleon PLC | 326.9 | -0.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 8,314 | 1.2% | 6.9% |
| DOW JONES INDUS. AVG | 38,884 | 0.1% | 15.5% |
| DAX INDEX | 18,430 | 1.4% | 15.5% |
| NIKKEI 225 | 38,835 | 1.6% | 34.2% |
| S&P/ASX 200 INDEX | 7,793 | 1.4% | 7.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 78.38 | -0.13% |
| Brent Crude (ICE) | USD/bbl. | 83.04 | -0.35% |
| Gold Spot | USD/t oz. | 2,314 | -0.4% |
| Copper (Comex) | USd/lb. | 461 | -0.2% |
Click graph to enlarge
The UK 100 called to open +18 points at 8,335. UK 100 is set to open higher on Wednesday setting new record highs, while New York equities closed mixed overnight and Asian stocks trended lower amid a lack of macro catalysts. Solid earnings and revived hopes that interest rate cuts may still be on the table in 2024 have pushed equity markets higher. The Dow closed +0.1%, S&P +0.1% and Nasdaq -0.1%. In Asia the Nikkei closed -1.5%, Shanghai -0.3% and Hong Kong -0.5%.
AstraZeneca has initiated the worldwide withdrawal of its COVID-19 vaccine due to a “surplus of available vaccines” since the pandemic.
Boohoo reported a 7% fall in annual core earnings, in line with guidance after revenue dropped 17%. Their EBITDA came in at £58.6m in the year to end of Feb 2024, at the bottom end of guidance of £58-70m, but up on the £63.3m made in 2022/23.
Direct Line Insurance Group have reported that their Q1 2024 gross written premium and associated fees are up 15%.
JD Wetherspoon have forecast their profit to be towards the upper end of market expectations after they posted higher Q3 sales, aided by strong demand for its traditional ales and vodka. They reported a 5.2% rise in like-for-like sales for the 13 weeks to April 28th.
Renishaw says their pretax profit in 9 months to March 31st was £86.8m, down from £111.8m YoY as they state they continue to deliver solid performance in mixed market conditions. They expect the recent improvement in trading performance to strengthen in the remainder of the year. They expect their adjusted pretax profit to be in the range of £122-135m.
UBS Upgrades Centrica to Buy from Neutral (2 Buys / 7 Holds / 0 Sells)
UK
OSB Group
Renishaw
Wetherspoon (JD)
Direct Line Insurance Group PLC
US
Shopify
Airbnb
AMC Entertainment
ARM Holdings
Uber Technologies
UK
3i Group
Airtel Africa*
Balfour Beatty
Derwent London
Harbour Energy
ITV
Rathbone Brothers
Spire Healthcare*
Wood Group (John)
IMI
US
Fiverr International
Roblox
Takeda Pharmaceutical
Viatris
Cleanspark
Jackson Financial
Marathon Digital
German Industrial Production
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
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