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Morning Report - 20 August 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
JD Sports Fashion PLC 93.9 7.0%
Marks And Spencer Group PLC 358.6 3.5%
Persimmon PLC 1,130.0 3.1%
Next PLC 12,130.0 3.0%
IMI PLC 2,316.0 2.9%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Babcock International Group PLC 969.0 -7.5%
Fresnillo PLC 1,625.0 -4.2%
BAE Systems PLC 1,721.0 -3.9%
Rolls-Royce Holdings PLC 1,059.5 -2.1%
Endeavour Mining PLC 2,436.0 -2.0%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 9,189 0.3% 11.1%
DOW JONES INDUS. AVG 44,922 0.0% 10.0%
DAX INDEX 24,423 0.5% 33.0%
NIKKEI 225 42,913 -1.5% 12.6%
S&P/ASX 200 INDEX 8,918 0.3% 11.5%

 

Copper (Comex) Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 62.58 0.37%
Brent Crude (ICE) USD/bbl. 66.23 0.67%
Gold Spot USD/t oz. 3,323 0.2%
Copper (Comex) USd/lb. 450 0.3%
The UK 100 called to open -12 points this morning at 9,162

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 called to open -12 points this morning at 9,162. The UK 100 index finished last night 31.48 points higher at a record 9189.22 but is forecast to drop slightly at today’s opening bell.  After data out this morning showed that the UK’s annual rate of inflation today rose to 3.8%, the highest level since January 2024.  July’s reading compared with June’s print of 3.6% and City forecasts for a figure of 3.7%.  Inflation has risen from 2.6% in March, fuelled by higher employment costs. It is seen hitting 4% this autumn.

In Asia this morning, Tokyo’s Nikkei 225 has fallen 1.5%, while the Hang Seng index and Shanghai Composite are closer to their opening marks.

Stateside yesterday, saw tech stocks last night come under heavy selling pressure as Palantir Technologies closed the session 9% lower and Nvidia down by 3.5%.  The Nasdaq Composite fell by 1.5% and the S&P 500 index weakened 0.6%, whereas the Dow Jones Industrial Average ended slightly higher.  The tech sell-off was blamed on interest rate jitters ahead of this week’s Jackson Hole economic symposium.

Company News & Broker Comments:

 

Company News:

Costain Group reported strong financial performance for the first half of 2025, with an increase in operating profit and margin despite a decrease in revenue. The company is confident in achieving its operating margin target for the fiscal year 2025, supported by a robust forward work position of £5.6 billion and high bidding activity levels. The government’s new Infrastructure Strategy and regulatory investments in key sectors provide significant growth opportunities for Costain, enhancing its market positioning and shareholder value.

 

OSB Group reported resilient financial performance for the first half of 2025, with strategic progress aligning with management expectations. The Group achieved a 1.2% growth in its net loan book and a 13.7% return on tangible equity, despite a decrease in net interest income and profit before tax due to more costly spreads and a fair value loss on financial instruments. The company continues to focus on its transformation programme and loan book diversification, while maintaining strong liquidity and capitalisation. The interim dividend increased by 5%, reflecting the Group’s commitment to delivering strong returns for shareholders.

Reporting Today:

 

UK

Costain Group (COST)

Lion Finance Group (BGEO)*

Ithaca Energy (ITH)

OSB Group (OSB)

 

US

Baidu (BIDU) PMO

The Estee Lauder Companies (EL) PMO

Reporting Tomorrow:

 

UK

Hays (HAS)

 

US

Walmart (WMT) PMO

Intuit (INTU) AMC

Zoom Communications (ZM) AMC

In Focus Today:

PBoC Interest Rate Decision

German Producer Price Index

UK Consumer Price Index

UK Producer Price Index

UK Retail Price Index

EU Core Harmonized Index of Consumer Prices

FOMC Minutes

Fed’s Bostic speech

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 21st August 2025:

Legal & General

Mondi

Schroders

Imperial Brands

Entain

Convatec Group

InterContinental Hotels Group

Babcock international

Anglo American

 

UK 250 companies going ex-dividend on 21st August 2025:

Plus 500

XPS Pension Group

Shafesbury Capital

Ibstock

 

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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.


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