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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Antofagasta | 4,299.0 | 8.7% |
| Metlen Energy & Metals | 40.2 | 7.2% |
| Intertek Group | 5,580.0 | 5.3% |
| Anglo American | 4,075.0 | 4.5% |
| Rio Tinto | 8,272.0 | 4.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Airtel Africa | 359.6 | -13.1% |
| RELX | 2,333.0 | -5.0% |
| Experian | 2,526.0 | -4.6% |
| Sage Group | 847.6 | -3.6% |
| Imperial Brands Group | 2,756.0 | -2.7% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 10,325 | 0.6% | 20.0% |
| DOW JONES INDUS. AVG | 49,693 | 0.1% | 17.9% |
| DAX INDEX | 24,137 | 0.8% | 2.1% |
| NIKKEI 225 | 63,272 | 0.8% | 66.0% |
| S&P/ASX 200 INDEX | 8,630 | 0.5% | 4.2% |
| Commodity | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 101.02 | 1.14% |
| Brent Crude (ICE) | USD/bbl. | 105.75 | 1.87% |
| Gold Spot | USD/t oz. | 4,693 | 0.1% |
| Copper (Comex) | USd/lb. | 668 | 2.3% |
Click graph to enlarge
The UK 100 is called to open +1 points at at 10,326. The UK 100 is expected to open very marginally higher on Thursday as the UK’s economic growth proved stronger than expected. UK gross domestic product expanded 0.3% in March, the Office for National Statistics, more than the 0.1% decline that economists expected, and slowing only slightly from the 0.5% the month before. London’s blue-chip benchmark is seen rising by just 1 point this morning, having climbed 60 points to 10,325.35 by yesterday’s close.
Stateside yesterday saw the S&P rose to a new all-time high as traders’ enthusiasm for the technology trade overshadowed yet another hotter-than-expected inflation report. The broad market index rose 0.58% to 7,444.25, and the tech-heavy Nasdaq added 1.2% to end at 26,402.34. Both hit fresh intraday and closing records. The Dow Jones shed 67.36 points, or 0.14%, ending at 49,693.20. Technology stocks outperformed from the rest of the market, as inflation fears spurred by higher energy prices due to the Iran war weighed on other sectors such as retail and banking. Nvidia shares closed higher by more than 2%. Micron Technology gained more than 4%. The VanEck Semiconductor ETF (SMH) advanced 2%.
Asian markets were mixed this morning, with Tokyo’s Nikkei and the Shanghai Composite index both down 0.7%, not putting on its best show for Donald Trump’s first full day in China. The Hong Kong Hang Seng and Mumbai’s Sensex both up.
Burberry has returned to profit as it hails a “meaningful inflection point” in its turnaround, following drastic job cuts and savings drives. The UK 100 fashion house took £49m in pre-tax profit in the year to March, marking a recovery from its £66m pre-tax loss in the year prior. The brand has pivoted towards “timeless British luxury” through its “Burberry forward” campaign in recent years, as new chief executive Joshua Schulman reverses a short-lived foray into ultra-high fashion. Burberry met consensus expectations with £2.4bn in revenues, down 2% from last year, while its recovery from a loss was not enough to meet analysts’ £88m pre-tax forecasts. In the last year, the blue-chip firm said it had secured £80m in cost savings during, with a target of £100m by its next annual results.
ITV, the UK’s largest commercial broadcaster, expects its Studios division to deliver margins at the lower end of its 13% to 15% target range this year, reflecting a shift in revenue mix even as the unit posts good top-line growth. The company said revenue, margin and profit at ITV Studios would be weighted to the second half, driven by the phasing of large scripted deliveries and high-margin licensing deals. The update came as ITV reported a mixed first quarter, with group total external revenue up 1% in the three months to 31 March but total revenue flat year on year. ITV Studios was the standout performer, delivering total revenue growth of 4% on the back of an 8% jump in external revenue.
National Grid the UK 100 energy networks operator, has committed to spending at least £70 billion over the next five years to modernise and expand electricity and gas infrastructure across the UK and the US Northeast. The company said it expects the investment programme to drive compound annual asset growth of around 10% and underlying earnings per share (EPS) growth of 8% to 10% over the period to 2030/31, from a 2025/26 baseline of 78.0p. For the current financial year, National Grid guided for underlying EPS to increase 13% to 15%, reflecting higher allowed revenue as it transitions from the RIIO-T2 to RIIO-T3 regulatory price control period. The outlook was set out alongside full-year results for the 12 months to 31 March 2026, which showed record capital investment of £11.6 billion, up 18% on the prior year. Underlying EPS rose 8% at constant currency to 78.0p, with strong operating performance partially offset by divestments, storm costs, a higher share count and the impact of a recent order from the US Federal Energy Regulatory Commission. Statutory earnings per share came in at 65.5p, up 9%.
Spire Healthcare said on Thursday it received a 250 pence per share buyout proposal from the British specialist investment manager Toscafund Asset Management.
UK
3i Group (III) – Full Year Results
Burberry Group (BRBY) – Preliminary Results
Land Securities Group (LAND) – Full Year Results 2026
United Utilities Group (UU.)* – Earnings Release
Future (FUTR) – Trading Update Q2 2026
Grainger (GRI) – Half Year Results 2026
ITV (ITV) – Trading Update Q1 2026
National Grid (NG.) – Full Year Results
US
Applied Materials (AMAT) AMC
Cleanspark (CLSK) AMC E
MARA Holdings (MARA) AMC E
UK
Grafton Group (GFTU) – Trading Update
US
None
UK Gross Domestic Product
UK Industrial Production
UK Manufacturing Production
US Initial Jobless Claims
US Retail Sales
Fed’s Hammack speech
Fed’s Williams speech
UK 100 companies going ex-dividend on 14th May 2026:
Pershing Square Holdings
Coca-Cola HBC AG
Tesco
BP
GSK
Unilever
HSBC Holdings
UK 250 companies going ex-dividend on 14th May 2026:
Morgan Sindall Group
PageGroup
Lancashire Holdings
Balfour Beatty
Greencoat Wind
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