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Morning Report - 24 June 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Endeavour Mining PLC 2,356.0 3.1%
National Grid PLC 1,077.0 2.7%
Fresnillo PLC 1,443.0 2.6%
Convatec Group PLC 289.8 2.4%
Bunzl PLC 2,320.0 2.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
Natwest Group PLC 494.3 -2.4%
Mondi PLC 1,170.0 -2.4%
Easyjet PLC 506.6 -2.4%
Marks And Spencer Group PLC 354.0 -2.2%
Associated British Foods PLC 2,033.0 -2.1%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,758 -0.2% 5.8%
DOW JONES INDUS. AVG 42,582 0.9% 8.0%
DAX INDEX 23,269 -0.4% 27.0%
NIKKEI 225 38,717 1.0% 0.1%
S&P/ASX 200 INDEX 8,556 1.0% 10.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 64.96 -5.18%
Brent Crude (ICE) USD/bbl. 67.96 -4.92%
Gold Spot USD/t oz. 3,321 -1.4%
Copper (Comex) USd/lb. 495 1.0%

 

The UK 100 called to open +52 points this morning at 8,810

4 Hours; 5 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 called to open +52 points this morning at 8,810.  The UK 100 looks set to open higher, bouncing back from a fall late in trading yesterday, while oil prices have plunged after President Donald Trump revealed that a ceasefire between Israel and Iran had been agreed, Israeli Prime Minister Benjamin Netanyahu has this morning confirmed that they have agreed to a ceasefire with Iran.

Shortly after the closing bell in European markets, Iran launched missiles at a US air base in Qatar, though it turned out that the attack was well telegraphed and Qatar had been given notice to allow air traffic to be suspended.

At just after 11pm London time, Trump posted: “CONGRATULATIONS TO EVERYONE! It has been fully agreed by and between Israel and Iran that there will be a Complete and Total CEASEFIRE (in approximately 6 hours from now, when Israel and Iran have wound down and completed their in progress, final missions!), for 12 hours, at which point the War will be considered, ENDED!

“Officially, Iran will start the CEASEFIRE and, upon the 12th Hour, Israel will start the CEASEFIRE and, upon the 24th Hour, an Official END to THE 12 DAY WAR will be saluted by the World.”

The Dow Jones added 374.96 points, or 0.89%, ending at 42,581.78. The S&P gained 0.96% and closed at 6,025.17, while the Nasdaq climbed 0.94% and settled at 19,630.97.

Company News & Broker Comments:

 

Company News:

Bunzl announced that its trading is in line with expectations, with a 4% increase in group revenue at constant exchange rates compared to the previous year, driven by acquisitions. The company has agreed to acquire Solupack, a Brazilian distributor, to enhance its offerings in the food industry, pending regulatory approval. Bunzl’s operating margin is expected to remain stable, and the company is focused on improving performance in its largest markets. The acquisition aligns with Bunzl’s strategy of compounding growth and navigating economic uncertainties through diversification.

 

Diageo announced this morning that it has agreed to the sale of Diageo operation Italy.

Reporting Today:

 

UK

Sthree (STEM) *

Carnival (CCL)

Telecom Plus (TEP)

US

FedEx (FDX) AMC

Reporting Tomorrow:

 

UK

Liontrust Asset Management (LIO)

Babcock (BAB)

US

Micron Technology (MU) AMC

In Focus Today:

German IFO – Business Climate

German IFO – Current Assessment

German IFO – Expectations

BoE’s Greene speech

US Housing Price Index

Fed’s Hammack speech

BoE’s Ramsden speech

ECB’s Lane speech

BoE’s Governor Bailey speech

US Consumer Confidence

Fed’s Chair Powell testifies

BoE’s Breeden speech

Fed’s Williams speech

Fed’s Barr speech

This Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 26th June 2025:

British American Tobacco

International Consolidated Airlines Group

 

UK 250 companies going ex-dividend on 26th June 2025:

WAG Payment Solutions

Premier Foods

Caledonia Investments

Hollywood Bowl Goup

Sirius Retail Estate

discoverIE Group

B&M European Value Retail

Ocean Wilson 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.


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