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Morning Report - 10 July 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Severn Trent PLC 2,546.0 1.8%
Haleon PLC 332.2 1.7%
Smith & Nephew PLC 1,076.5 1.4%
Fresnillo PLC 588.8 1.2%
Entain PLC 639.0 1.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
Burberry Group PLC 853.2 -5.0%
BP PLC 457.6 -3.6%
Frasers Group PLC 836.0 -3.5%
Melrose Industries PLC 564.4 -3.1%
Persimmon PLC 1426.5 -3.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,193 -0.1% 13.4%
DOW JONES INDUS. AVG 39,414 0.1% 17.5%
DAX INDEX 18,487 0.1% 19.0%
NIKKEI 225 40,781 -0.3% 25.9%
S&P/ASX 200 INDEX 7,763 -0.8% 10.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.77 -0.47%
Brent Crude (ICE) USD/bbl. 86.29 -0.29%
Gold Spot USD/t oz. 2,368 -1.0%
Copper (Comex) USd/lb. 465 -0.1%


The UK 100 called to open +20 points at 8,159

4 Hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +20 points at 8,159.  The UK’s blue chip index looks set to open higher this morning as it stages an attempt at recovering some of yesterday’s losses.  Although there is not a raft of macroeconomic news today, focus will likely once again be on Fed chief Jerome Powell, whom yesterday, expressed concern that holding interest rates too high for too long could jeopardise economic growth.  On Wall Street yesterday, the broad market index inched higher by 0.07% to 5,576.98 for its 36th record close of the year. The Nasdaq added 0.14% to close at 18,429.29, also ending the day at a record. Both indexes touched fresh all-time highs during the session. The Dow Jones ticked down 52.82 points, or 0.13%, and ended at 39,291.97.



Company News & Broker Comments:

Company News:

Barratt Developments forecasts that their FY24 profit is to be slightly ahead of expectations, after they built homes at the upper end of its outlook range, partly helped by stabilising prices.


Direct Line Insurance Group plans to pay around 60% of its operating earnings as a regular dividend.


JD Wetherspoon reports that their Like-for-Like sales increased 5.8% in the 10 weeks to July 7th. Their profit for the current FY is set to be in line with market expectations.



Broker Comments:

Goldman Sachs Downgrades the Autos & Construction sector to ‘Underweight’


JP Morgan places Flutter on ‘Positive Catalyst Watch’ (14 Buys / 3 Holds / 0 Sells)

Reporting Today:



Barratt Developments PLC

Big Yellow Group PLC*

Grafton Group PLC

PageGroup PLC

Zigup PLC

Liontrust Asset Management






Reporting Tomorrow:



Hays PLC

Severn Trent PLC

Trustpilot Group PLC

Jet2 PLC

Wood Group PLC




Delta Air Lines





In Focus Today:

Chinese Consumer Price Index

Chinese Producer Price Index

Fed’s Beige Book

US Monthly Budget Statement



Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 11th July 2024:





UK 250 companies going ex-dividend on 11th July 2024:


WH Smith

Oxford Instruments

CMC Markets

Global Smaller Companies Trust

Merchants Trust

Balanced Commercial Property Trust

Supermarket Income REIT


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