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Morning Report - 21 May 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Diploma PLC 4,860.0 15.1%
Vodafone Group PLC 77.7 7.3%
Smiths Group PLC 2,144.0 4.4%
Centrica PLC 156.9 3.2%
Sainsbury (J) PLC 289.2 3.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
Entain PLC 758.8 -1.5%
Bunzl PLC 2,490.0 -1.4%
Coca-Cola Europacific Partners PLC 6,600.0 -0.6%
Antofagasta PLC 1,790.0 -0.6%
Intercontinental Hotels Group PLC 8,938.0 -0.4%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,781 0.9% 4.3%
DOW JONES INDUS. AVG 42,677 -0.3% 7.0%
DAX INDEX 24,036 0.4% 28.4%
NIKKEI 225 37,316 -0.6% -4.1%
S&P/ASX 200 INDEX 8,387 0.5% 6.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 62.73 1.13%
Brent Crude (ICE) USD/bbl. 66.06 1.04%
Gold Spot USD/t oz. 3,319 0.9%
Copper (Comex) USd/lb. 470 1.0%
The UK 100 called to open -28 points this morning at 8,753

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -28 points this morning at 8,753. The UK 100 looks set to dip this morning, this comes after the UK’s Bluechip index hit two month highs yesterday, the UK’s annual rate of inflation today jumped by more than expected to 3.5%.  The increase, which compared with the previous month’s 2.6%, follows a surge in energy and water bills. It is the highest level since January 2024.  City analysts had forecast a figure of 3.3%.

Stocks slipped Stateside on Tuesday as the big tech-led rally lost steam and the S&P 500 ended a six-day winning run.  The S&P fell 0.39% to end at 5,940.46, while the Nasdaq dipped 0.38% and closed at 19,142.71. The Dow Jones lost 114.83 points, or 0.27%, finishing at 42,677.24.

Asia-Pacific markets traded mostly higher Wednesday after Wall Street halted its six-day win streak.  Japan’s benchmark Nikkei 225 slipped 0.23% after the country reported that exports slowed for a second straight month as the country reels under U.S. President Donald Trump’s sweeping tariffs.  South Korea’s Kospi climbed 0.58% while the small-cap Kosdaq traded 0.95% higher.  Australia’s benchmark S&P/ASX 200 climbed 0.43%.  Hong Kong’s Hang Seng index rose 0.45% at the open, while mainland China’s CSI 300 traded flat.

 

 

Company News & Broker Comments:

Company News:

 

JD Sports posted a 2% fall in underlying sales for its first quarter, in line with its expectations for volatile trading and amid uncertainty over the impact of tariffs.

 

Marks & Spencer today warned it faces a £300 million hit to profit following the cyber attack that has severely impacted its operations since Easter.  The operating profit estimate for the 2025/26 financial year is before insurance and cost management initiatives.  It warned that online disruption in its fashion, home and beauty division is set to continue throughout June and into July “as we restart, then ramp up operations”.Announcing annual results, chief executive Stuart Machin said: “Over the last 140 years, M&S has overcome many challenges – testament to the longevity of this brand.“  This incident is a bump in the road, and we will come out of this in better shape, and continue our plan to reshape M&S for customers, colleagues and shareholders.”  M&S reported an operating profit of £984.5 million for 2024/25, representing a 17.4% improvement on the year before.  It added: “We are confident that we will enter the second half with a strong customer proposition, returning to the performance we were delivering immediately prior to the incident and throughout 2024/25.”

Reporting Today:

UK

 

Marks & Spencer (MKS)

Intermediate Capital Group plc (ICG)

SSE (SSE)

Currys (CURY)

JD Sports (JD)

 

US

 

Baidu (BIDU) PMO

Medtronic (MDT) PMO

XPeng Inc ADR (XPEV) PMO

Snowflake Inc (SNOW) AMC

Zoom Communications Inc (ZM) AMC

 

Reporting Tomorrow:

UK

 

BT Group (BT.A)

easyJet (EZJ)

Johnson Matthey (JMAT)

 

US

 

Intuit Inc (INTU) AMC

In Focus Today:

Fed’s Bostic speech

Fed’s Daly speech

Fed’s Hammack speech

Japanese Imports

Japanese Exports

Japanese Trade Balance

UK Consumer Price Index

UK Producer Price Index

UK Retail Price Index

 

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 22nd May 2025:

 

DCC

Kingfisher

Bunzl

Whitbread

Imperial Brands

UK 250 companies going ex-dividend on 22nd May 2025:

 

RHI Magnesita N.V.

NextEnergy Solar Fund

Bluefield Solar Income Fund

Keller Group

HICL Infastructure

Tritax Big Box REIT

Grainger

Spire Healthcare Group

JPMorgan Global Growth & Income

Bellway

BlackRock Greater European Inv Trust

 

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