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Morning Report - 24 July 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Informa PLC 866.8 4.9%
JD Sports Fashion PLC 89.8 4.6%
Astrazeneca PLC 10,674.0 3.1%
Ashtead Group PLC 4,857.0 2.6%
Croda International PLC 2,879.0 2.2%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Centrica PLC 158.8 -3.3%
SSE PLC 1,912.0 -2.9%
United Utilities Group PLC 1,138.5 -2.4%
Severn Trent PLC 2,717.0 -2.4%
National Grid PLC 1,062.5 -2.0%

 

Major World Indices Price % Chg 1 Year
UK  100 INDEX 9,061 0.4% 11.0%
DOW JONES INDUS. AVG 45,010 1.1% 11.5%
DAX INDEX 24,241 0.8% 30.6%
NIKKEI 225 41,171 3.5% 5.2%
S&P/ASX 200 INDEX 8,737 0.7% 9.7%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 65.25 -0.09%
Brent Crude (ICE) USD/bbl. 68.66 0.10%
Gold Spot USD/t oz. 3,387 -1.3%
Copper (Comex) USd/lb. 582 1.7%

 

The UK 100 called to open +50 points this morning at 9,111. 

4 Hours; 7 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 called to open +50 points this morning at 9,111. The UK 100 looks set to continue its strong run this week, called to open above he 9,100 level, striking another all time high in the process.

Stocks rose on Wednesday as the latest trade developments spurred optimism on Wall Street that the U.S. would reach more deals before its impending tariff deadline.  The Dow Jones added 507.85 points, or 1.14%, ending at 45,010.29 and missing a record close by about four points. The S&P climbed 0.78% for a record close of 6,358.91 — its 12th of the year. The broad-market index also hit a new all-time intraday high in the session. The Nasdaq rose 0.61%, settling at 21,020.02 — its first close above the 21,000 threshold.  Trump said in a Truth Social post Tuesday night that the U.S. had completed a “massive Deal” with Japan. The agreement includes “reciprocal” tariffs of 15% on the nation’s exports to the U.S. The president also said the U.S. is meeting with European officials in a push to reach a trade deal with the European Union.  Stocks received a bit of a boost later Wednesday after the Financial Times reported that the U.S. is closing in on a 15% tariff agreement with the European Union, saying that it would echo the U.S.-Japan deal.

 

Company News & Broker Comments:

 

Company News:

BT Group reported a solid start to the year with significant expansion in its full fibre broadband and 5G network coverage, reaching over 19 million homes and businesses and 87% of the UK population, respectively. The company is experiencing strong customer demand for its broadband and mobile services, with record Openreach fibre take-up and continued investment in network infrastructure. Despite a slight decline in overall revenue and profit due to weaker handset sales and international trading challenges, BT is on track to meet its annual targets, supported by cost transformation efforts that have offset increased costs. The company continues to focus on improving customer experience, as evidenced by a rise in its Net Promoter Score.

 

Lloyds Banking Group today reiterated guidance for 2025 after reporting an underlying profit of £2 billion for the three months to 30 June.  The figure rose 32% on the previous quarter, reflecting a 3% increase in net income to £4.5 billion and drop in impairment charge to £133 million from £309 million.  Underlying profits for the first half of the year rose 2% to £3.56 billion. Lloyds intends to pay an interim dividend of 1.22p, representing a rise of 15% on a year ago.  Chief executive Charlie Nunn said: “We continue to make great progress in our purpose-driven strategy, building differentiated customer outcomes and delivering growth across our business as we build towards our ambitious targets for 2026.

 

RELX reported strong financial results for the first half of 2025, with significant growth in revenue and profits. The company completed three acquisitions and a substantial share buyback, indicating robust financial health and strategic expansion. The CEO highlighted the company’s shift towards higher growth analytics and decision tools, leveraging AI and deep customer insights to drive long-term growth and customer value.

 

Vodafone reported a 5.5% rise in organic service revenue in the first quarter, a slight increase on the previous quarter, with Germany showing an improved trajectory and positive outcomes in Britain, the rest of Europe, Turkey and Africa.  The mobile operator also said on Thursday it was reiterating its full year guidance of growth in profit and cash flow.  Chief Executive Margherita Della Valle has reshaped the British group in the last two years by selling operations in Spain and Italy and merging its UK operations with those of CK Hutchison to create “VodafoneThree”.

Reporting Today:

 

UK

IG Group Holdings (IGG)

Centrica (CNA)

Howden Joinery Group (HWDN)

Lloyds Banking Group (LLOY)

Reckitt Benckiser (RKT)

RELX (REL)

ITV (ITV)

AJ Bell (AJB)

BT Group (BT.A)

Vodafone Group (VOD)

Wizz Air Holdings (WIZZ)

Airtel Africa (AAF)

US

Blackstone (BX) PMO

Keurig Dr Pepper (KDP) PMO

Intel Corp (INTC) AMC

Newmont (NEM) AMC

Reporting Tomorrow:

 

UK

Rightmove (RMV)

NatWest Group (NWG)

US

Aon (AON) PMO

In Focus Today:

German GfK Consumer Confidence Survey

German PMI

EU PMI

UK S&P PMI

ECB Main Refinancing Operations Rate

ECB Monetary Policy Statement

ECB Rate On Deposit Facility

US Initial Jobless Claims

ECB Press Conference

US S&P PMI

US New Home Sales Change

Today’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 24th July 2025:

SSE

 

 

UK 250 companies going ex-dividend on 24th July 2025:

QinetiQ Group

Bloomsbury Publishing

Pennon Group

Telecom Plus

Supermarket Income REIT

 

 

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