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Morning Report - 16 April 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Entain 585.0 4.9%
ConvaTec Group 234.0 4.5%
Barratt Redrow 267.3 3.5%
ICG 1,781.0 3.3%
Autotrader Group 495.3 3.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
Imperial Brands 2,829.5 -3.5%
Airtel Africa 360.8 -3.2%
Fresnillo 3,579.0 -3.0%
GSK 2,131.0 -2.7%
Associated British Foods 1,828.5 -2.5%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,560 0.5% 27.6%
DOW JONES INDUS. AVG 48,464 0.2% 22.2%
DAX INDEX 24,067 0.1% 12.9%
NIKKEI 225 59,600 2.5% 75.7%
S&P/ASX 200 INDEX 8,955 0.3% 15.4%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 91.60 0.34%
Brent Crude (ICE) USD/bbl. 94.93 0.00%
Gold Spot USD/t oz. 4,818 0.6%
Copper (Comex) USd/lb. 618 0.6%
The UK 100 is called to open +5 at at 10,564.

4 Hours; 2 Months

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Markets Overview:


The UK 100 is called to open +5 points at at 10,564.  
The UK 100 looks set to open marginally higher this morning, data out this morning showing the UK economy grew 0.5%i n February, exceeding all estimates, whilst US markets continued an incredible run during yesterday session as traders bought into the hope that the US and Iran may extend a ceasefire, according to reports from Bloomberg.

US equities pushed to fresh record highs as markets leaned into de-escalation hopes and strong earnings momentum. The S&P closed +0.80% at 7,022.95, while the Nasdaq gained +1.60% to 24,016.02. The Dow underperformed, falling -0.15% to 48,463.72.  Sector leadership was firmly growth-led, with technology +2.08% and software +4.3%, while materials (-1.3%) and industrials (-1.24%) lagged. Financials were supported by earnings, with Bank of America +1.8% and Morgan Stanley +4.5%.

Asia extended the US-led rally. Japan’s Nikkei surged +2.6% to a record 59,624, with the Hang Seng +1.3% and CSI 300 +0.7%. China data supported sentiment, with Q1 GDP at 5.0% (vs 4.8% expected).  Futures point to continued upside bias, with US 500 +0.18% and European futures broadly firmer despite UK 100 futures holding.

 

Company News & Broker Comments:

 

Company News:

 

Tesco reported steady growth for the 53 weeks to 28 February 2026, with group sales excluding fuel rising 4.6% to £66.6bn and adjusted operating profit edging up to £3.15bn on a comparable 52‑week basis. Statutory operating profit climbed 10.1%, diluted EPS rose sharply, and free cash flow improved to nearly £2bn, supporting a higher dividend despite an increase in net debt linked to prior banking disposals.  Chief executive Ken Murphy said sustained investment in low prices, quality and service amid cost‑of‑living pressures and Middle East‑related uncertainty has driven Tesco’s highest U.K. market share in over a decade. Strategic progress under its “Save to Invest” programme, expanded value initiatives and rapid‑delivery growth, combined with refreshed long‑term ambitions in food leadership, broader everyday services and supplier partnerships, position the retailer for continued market outperformance and long‑term growth while funding wage increases and staff bonuses.

 

 

Reporting Today:

 

UK

Tesco (TSCO) – Full Year Results

Dunelm Group (DNLM) – Q3 Trading Statement

Entain (ENT) – Q1 Trading Update

Rentokil Initial (RTO) – Q1 Trading Update

 

US

Taiwan Semiconductor Manufacturing Co

Netflix Inc.

Abbott Laboratories

 

 

Reporting Tomorrow:

 

UK

None

 

US

None

 

 

In Focus Today:

 

US IMF Meeting

Chinese Gross Domestic Product

Chinese Industrial Production

Chinese Retail Sales

UK Average Earnings

UK Claimant Count

UK Employment Change

UK Gross Domestic Product

UK ILO Unemployment Rate

UK Industrial Production

UK Manufacturing Production

EU Core Harmonized Index of Consumer Prices

US Initial Jobless Claims

US Industrial Production

 

 

Today’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 16th April 2026:

Convatec Group

London Stock Exchange Group

Diageo

Antofagasta

Games Workshop Group

 

UK 250 companies going ex-dividend on 16th April 2026:

Unite Group

Jupiter Fund Management

Rathbones Group

Johnson Service Group

Quilter

Costain Group

Travis Perkins

Kier Group

 

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