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Morning Report - 10 April 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
BP 580.5 3.2%
United Utilities Group 1,396.0 2.3%
GSK 2,167.0 2.0%
Hiscox 1,607.0 1.9%
SSE 2,757.5 1.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
Entain 535.2 -8.4%
Informa 774.4 -3.8%
Compass Group 28.1 -3.6%
Standard Life 707.4 -3.5%
Experian 2,590.5 -3.3%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,603 -5.4% 34.0%
DOW JONES INDUS. AVG 8,185.8 0.6% 21.70%
DAX INDEX 23,807 1.1% 15.8%
NIKKEI 225 56,870 1.8% 64.3%
S&P/ASX 200 INDEX 8,961 -0.1% 16.2%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 98.5 0.66%
Brent Crude (ICE) USD/bbl. 96.7 0.80%
Gold Spot USD/t oz. 4,758 -0.19%
Copper (Comex) USd/lb. 579.1 0.45%
The UK 100 is called to open +20 points at at 10,623

4 Hours; 2 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open +20 points at at 10,623. 
Uncertainty over the potential reopening of the Strait of Hormuz kept Brent crude prices elevated, dampening enthusiasm despite a US-Iran ceasefire. In Europe, stability mirrors the gains seen overnight in US markets, where the Dow Jones and S&P 500 both rose 0.6%, led by the technology sector as the Nasdaq Composite gained 0.8%. Asian markets followed Wall Street’s upward trend, with Japan’s Nikkei 225 surging between 1.8% and 1.9% and South Korea’s Kospi rising 1.5%, while China’s Shanghai Composite and Hong Kong’s Hang Seng also posted modest gains.

Investors are now turning their focus to upcoming inflation data, with the March US Consumer Price Index (CPI) forecast at 3.3%, the highest reading since May 2024, driven largely by persistent oil prices. Meanwhile, gold prices remained flat and market confidence remains fragile ahead of upcoming peace talks in Islamabad.

 

Company News & Broker Comments:

 

Company News:

 

Metlen Energy & Metals reported a sharp decline in profitability despite strong revenue growth. Pre-tax profit fell to €382m, down 48% from €748m, while EBITDA dropped over 30% to €753m. At the same time, revenue rose 25% to €7.1bn, showing that demand remains robust. However, rising net debt, up to €3.11bn from €2.63bn, reflects the strain of cost overruns and delays at a major energy-from-waste project in Cheshire, compounded by contractor issues and operational setbacks. The overall picture is one of strong top-line expansion undermined by execution challenges and tighter margins.

Lidl GB is pursuing an aggressive growth strategy following a strong financial performance. The company reported revenue of £11.7bn, up 8.3%, while profits more than doubled to £156.8m. Backed by this momentum, Lidl plans to invest £600m in the UK, opening 50 new stores and creating around 2,000 jobs. Its market share has reached 8.3%, putting it level with Morrisons, as discount retailers continue to attract cost-conscious consumers. The strategy highlights a cycle of profitability fuelling expansion, reinforcing Lidl’s competitive position in the UK grocery market.

 

 

Reporting Today:

 

UK

Unite Group (UTG) – Trading update and Q1 fund valuations

 

US

None

 

 

Reporting Tomorrow:

 

UK

None

 

US

None

 

 

In Focus Today:

Chinese Consumer Price Index

US Consumer Price Index

US Factory Orders

Michigan Consumer Sentiment Index

US UoM 1-year Consumer Inflation Expectations

US UoM 5-year Consumer Inflation Expectations

US Monthly Budget Statement

 

 

Next Week’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

 

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.


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