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Morning Report - 29 July 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
St. James’s Place PLC 1,210.2 4.5%
Rightmove PLC 797.6 2.2%
Airtel Africa PLC 198.5 1.8%
BP PLC 404.9 1.8%
Intertek Group PLC 4,970.4 1.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
BT Group PLC 210.4 -5.5%
Babcock International Group PLC 1,013.0 -2.9%
Marks And Spencer Group PLC 346.1 -2.5%
Rio Tinto PLC 4,580.0 -2.1%
Diageo PLC 1,935.0 -2.1%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 9,081 -0.4% 9.6%
DOW JONES INDUS. AVG 44,767 -0.3% 10.7%
DAX INDEX 23,970 -1.0% 30.2%
NIKKEI 225 40,998 -1.1% 6.6%
S&P/ASX 200 INDEX 8,698 0.4% 8.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 66.52 2.09%
Brent Crude (ICE) USD/bbl. 69.85 2.06%
Gold Spot USD/t oz. 3,313 -0.7%
Copper (Comex) USd/lb. 561 -3.0%

 

The UK 100 called to open +12 points this morning at 9,093.

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 called to open +12 points this morning at 9,093. The UK 100 looks set to recover some of yesterdays decline at the open, the UK’s blue-chip index dropped yesterday after initial optimism for the trade deal between the US and the EU faded.

Stateside yesterday saw the S&P end Monday near the flatline as traders looked past a trade deal announced between the U.S. and the European Union, and instead to a big week of macro announcements, including the Federal Reserve’s rate decision.  The broad market index added 0.02% and closed at 6,389.77. The S&P 500 hit a fresh record shortly after the opening bell, but the index was just up 0.2% at its session high as traders’ enthusiasm for the deal with the EU was muted. The Dow Jones slipped 64.36 points, or 0.14%, to end at 44,837.56. The Nasdaq added 0.33% and settled at 21,178.58. The technology-heavy index also hit a record on Monday.

 

 

Company News & Broker Comments:

 

Company News:

AstraZeneca beat second-quarter earnings expectations on Tuesday, helped by strong sales of key cancer, heart and kidney disease drugs, but maintained its full-year forecast as pricing pressures and global trade risks remain challenges.  The company hopes to move on from scandals in China, after indicating that any impact from probes in its second-biggest market would be minor, and focus on growing its U.S. footprint and drug pipeline to reach $80 billion in annual revenue by 2030.

 

Barclays today said half-year pre-tax profits rose 23% to £5.2 billion, boosted by a 28% improvement in the second quarter of the year.  It announced a further £1 billion share buyback and a 3% higher half year dividend of 3p a share, representing a 21% increase in capital distributions to £1.4 billion for the half year.  Chief executive C. S. Venkatakrishnan said: “We remain on track to achieve the objectives of our three-year plan, delivering structurally higher and more stable returns for our investors.”

 

Croda International reported a 7% sales growth at constant currency for the first half of 2025, driven by increased volumes across all business sectors, particularly in Beauty Care and Crop Protection. Despite a challenging environment, the company is on track with its strategic plan to enhance earnings and returns, with a focus on cost savings and operational efficiency, aiming for £100m in annualized savings by 2027.

 

Games Workshop reported a nearly 30% jump in annual pre-tax profit on Tuesday, boosted by sales of its flagship Warhammer 40,000: Space Marine 2 game.  The firm, known for its costly and fantastical medieval fantasy-themed wargame miniatures, has been leveraging its popular Warhammer intellectual property through various licensing deals.

 

Greggs reported a 14% fall in first half profit, reflecting a previously flagged slowdown in sales growth in June which it blamed on very warm weather.  Greggs, known for its sausage rolls, steak bakes, vegan alternatives and sweet treats, said on Tuesday it made a pretax profit of 63.5 million pounds ($84.8 million) in the six months to June 28, down from 74.1 million pounds in the same period last year, on total sales up 7.0% to 1.03 billion pounds, boosted by new store openings.

Reporting Today:

 

UK

AstraZeneca (AZN)

Barclays (BARC)

ConvaTec Group (CTEC)

Croda International (CRDA)

Entain (ENT)

Games Workshop (GAW)

Greggs (GRG)

Inchcape (INCH)

Morgan Sindall Group (MGNS)

Shaftesbury Capital (SHC)

US

Boeing (BA) PMO

PayPal Holdings (PYPL) PMO

Procter & Gamble (PG) PMO

Spotify Technology SA (SPOT) PMO

UnitedHealth Group (UNH) PMO

Booking Holdings (BKNG) AMC

MARA Holdings Inc (MARA) AMC

Mondelez (MDLZ) AMC

Starbucks Corp (SBUX) AMC

Teladoc (TDOC) AMC

Visa (V) AMC

Reporting Tomorrow:

 

UK

BAE Systems (BA.)

HSBC Holdings (HSBA)

Rathbones Group (RAT)

Rio Tinto (RIO)

Taylor Wimpey (TW.)

GSK (GSK)

US

Automatic Data Processing (ADP) PMO

Etsy (ETSY) PMO

Fiverr International (FVRR) PMO

The Kraft Heinz Co (KHC) PMO

Takeda Pharmaceutical (TAK) PMO

ARM Holdings (ARM) AMC

Ford Motor (F) AMC

Markel Group (MKL) E

Meta Platforms (META) AMC

Microsoft Corp (MSFT) AMC

Qualcomm Inc (QCOM) AMC

In Focus Today:

US Housing Price Index

US Consumer Confidence

US JOLTS Job Openings

This Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 31st July 2025:

Lloyds Banking Group

 

 

UK 250 companies going ex-dividend on 31st July 2025:

HICL Infastructure

MONY Group

Brunner Investment Trust

 

 

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