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Morning Report - 20 February 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
British American Tobacco 4,473.0 3.0%
RELX 2,293.0 2.6%
BAE Systems 2,163.0 2.5%
BP 479.0 2.0%
Babcock International Group 1,397.0 1.5%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Centrica 185.4 -5.4%
Antofagasta 3,853.0 -3.7%
easyJet 474.3 -3.7%
Rio Tinto 7,123.0 -3.6%
Melrose Industries 663.0 -2.8%

 

Major World Indices Price % Chg 1 Year, not sorted
UK 100 INDEX 10,627 0.6% 22.7%
DOW JONES INDUS. AVG 49,395 0.5% 11.8%
DAX INDEX 25,044 0.9% 12.2%
NIKKEI 225 56,826 1.1% 46.9%
S&P/ASX 200 INDEX 9,081 0.1% 9.1%

 

Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 67.05 0.93%
Brent Crude (ICE) USD/bbl.
Gold Spot USD/t oz. 5,023 0.5%
Copper (Comex) USd/lb.
The UK 100 is called to open +29 at 10,656.  

4 Hours; 2 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open +29 at 10,656.  
The UK 100 looks set to open higher this morning, adding to the weekly gains, despite a more subdued day yesterday.

Data out this morning showed the retail sector has recorded a strong start to the year after sales volumes jumped by a surprise 1.8% in January, the largest monthly rise since May 2024.  The Office for National Statistics (ONS) said growth was partly because of artwork and antiques sales, alongside continued strong sales from online jewellers.  Volumes rose by 0.1% in the three months to January, compared with the three months to October. Volumes were 2.6% higher than the same three months a year ago.

Stateside yesterday saw Stocks fall, leaving the S&P near the flat line for the year, as investors shifted away from financials and monitored simmering tensions between the U.S. and Iran.  The Dow Jones lost 267.50 points, or 0.54%, settling at 49,395.16. The broad-based S&P 500 slipped 0.28% and ended at 6,861.89. The Nasdaq lost 0.31% and closed at 22,682.73.

Asian equities traded mixed overnight, reflecting weaker cues from Wall Street and ongoing geopolitical concerns. Japan’s Nikkei and TOPIX fell after softer inflation data, while Hong Kong’s Hang Seng declined following a three-day holiday break as Chinese tech stocks tracked global weakness.  South Korea’s KOSPI was a notable outperformer, rallying to record highs driven by gains in brokerage, defence and insurance shares. Chinese markets remained closed for the Lunar New Year holiday.

Company News & Broker Comments:

 

Company News:

Anglo American posted a $3.7 billion loss on Friday after taking another write-down on its diamonds business, as the miner pushes ahead with plans to shed non-core assets and complete its merger with Teck Resources.  The company booked a $2.3 billion pre-tax impairment, mostly tied to its De Beers unit, and declared a dividend of 0.23 cents per share, or about $200 million. That was down from $0.64 a share, or $800 million, a year earlier.

Reporting Today:

 

UK

 

Anglo American (AAL) – Full Year Results

Segro (SGRO) – Full Year Results

TBC Bank Group (TBCG) – Full Year Results

US

 

Berkshire Hathaway Inc (NYSE:BRK.B) AMC E

Reporting Tomorrow:

 

UK

 

Mony Group Plc (MONY)

US

 

Riot Platforms Inc (NASDAQ:RIOT) AMC E

 

In Focus Today:

 

PBoC Interest Rate Decision

German Producer Price Index

UK Retail Sales

German HCOB PMI

EU HCOB PMI

UK S&P Global PMI

ECB’s President Lagarde speech

US Personal Consumption Expenditures

US Gross Domestic Product

Fed’s Bostic speech

US S&P Global PMI

Michigan Consumer Expectations Index

US New Home Sales Change

UoM 1-year Consumer Inflation Expectations

UoM 5-year Consumer Inflation Expectations

Fed Monetary Policy Report

Next Week’s Ex-Dividends:

 

 

UK 100 companies going ex-dividend on 26th February 2026:

Alliance Witan

Unilever

UK 250 companies going ex-dividend on 26th February 2026:

Ashmore Group

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