Getting latest data loading
Home / Morning Report / Morning Report – 28th May 2025

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 28 May 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Melrose Industries PLC 476.5 5.6%
International Consolidated Airlines Group S.A. 334.3 4.5%
Intermediate Capital Group PLC 2,020.0 3.2%
Ashtead Group PLC 4,348.0 3.1%
BAE Systems PLC 1,900.0 3.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Centrica PLC 156.2 -1.5%
Rio Tinto PLC 4,498.5 -1.4%
Endeavour Mining PLC 2,230.0 -1.3%
Experian PLC 3,742.0 -1.2%
Fresnillo PLC 1,122.0 -1.0%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,778 0.7% 6.4%
DOW JONES INDUS. AVG 42,344 1.8% 9.0%
DAX INDEX 24,226 0.8% 29.7%
NIKKEI 225 37,750 0.1% -2.6%
S&P/ASX 200 INDEX 8,397 -0.1% 8.1%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 61.04 0.25%
Brent Crude (ICE) USD/bbl. 64.22 0.20%
Gold Spot USD/t oz. 3,304 0.1%
Copper (Comex) USd/lb. 471 -0.7%
The UK 100 called to open +5 points this morning at 8,783

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +5 points this morning at 8,783.  The UK 100 looks set to open higher today, following a positive performance in Asian markets and Wall Street’s rebound. The UK’s blue chip index gained 0.7% on Tuesday, closing at 8,680.29 points. This uptick was driven by investor optimism after U.S. President Donald Trump delayed tariffs on European Union imports, boosting investor sentiment across global markets.

Asian markets are broadly higher this morning, in Japan the Nikkei 225 has gained 1.8%, reaching 39,215.99 points, driven by strong performances in technology stocks such as Tokyo Electron, which surged 4.4%.  In Hong Kong the Hang Seng index rose by 0.2% to 19,595.53 points, with gains in Chinese technology stocks contributing to the positive.  In China the Shanghai Composite index edged up 0.2% to 3,370.74 points, reflecting a stable economic outlook amid easing trade tensions.

Yesterday stocks rallied in the US.  The Dow Jones gained 740.58 points, or 1.78%, to finish at 42,343.65, while the S&P rose 2.05% to 5,921.54. Both snapped four-day losing streaks. The Nasdaq popped 2.47% to 19,199.16 as technology names like Tesla saw outsized gains.

 

 

Company News & Broker Comments:

Company News:

 

Kingfisher reported a 1.8% rise in first quarter same store sales, with a strong performance in Britain offset by continued weakness in France.  The UK 100 listed group, which owns B&Q and Screwfix in the UK and Castorama and Brico Depot in France and other markets, said on Wednesday it was sticking with its full-year forecast for adjusted pretax profit of £480 million to £540 million ($647-$728 million), versus £528 million in 2024/25.

 

Pets at Home Group reported its FY25 preliminary results, showcasing strategic growth and transformation into a comprehensive pet care platform. The company achieved a slight increase in statutory revenue and a significant rise in statutory profit before tax, driven by strong performance in its Vet Group despite a challenging market environment. The transformation included a complete overhaul of its digital infrastructure and distribution network, positioning the company for future growth. The Vet Group saw a 13% increase in consumer revenue, while retail revenue experienced a slight decline due to market conditions. The company also reported a robust free cash flow increase and plans for further expansion in its vet practices. Pets at Home aims to leverage its new digital platform and distribution network to enhance its omnichannel offerings and continue its growth trajectory.

 

Thames Water has been handed record fines totalling almost £123 million following two investigations into the company by the industry regulator.  Ofwat said Britain’s largest supplier will have to pay £104.5 million for breaking rules relating to waste water. It is the biggest fine the watchdog has ever issued.  Thames Water, which is trying to seal a takeover deal to stabilise its finances, will also pay an additional penalty of £18.2 million for breaches of rules relating to dividend payments.  Ofwat said the fines have to be paid by the company and its investors,and not passed on to customers.

 

Reporting Today:

UK

 

Pets At Home Group (PETS)

Kingfisher (KGF)

 

US

 

HP (HPQ) AMC

NVIDIA Corp (NVDA )AMC

Salesforce Inc (CRM) AMC

Synopsys Inc (SNPS) AMC

 

Reporting Tomorrow:

UK

 

Auto Trader Group (AUTO)

Hollywood Bowl Group (BOWL)*

 

US

 

Costco Wholesale Corp (COST) AMC

MongoDB (MDB) E

UiPath (PATH) AMC

Zscaler Inc (ZS) AMC

In Focus Today:

BoE’s Lombardelli speech

Fed’s Waller speech

German Unemployment Change

Fed’s Kashkari speech

FOMC Minutes

 

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 29th May 2025:

 

National Grid

Severn Trent

Coca-Cola HBC AG

Intertek Group

Informa

Londonmetric Property

Associated British Foods

Marks & Spencer Group

Sage Group

Alliance Witan

Diploma

UK 250 companies going ex-dividend on 29th May 2025:

 

Hilton Food Group

Diversified Energy Company

Victrex

Hill & Smith

Great Portland Estates

Temple Bar Investment Trust

JTC

SSP Group

Henderson European Trust

Alfa Financial Software Holdings

 

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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.