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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| COMPASS GROUP PLC | 1,694.0 | 7.4% |
| PRUDENTIAL PLC | 942.2 | 6.7% |
| PERSHING SQUARE HOLDINGS LTD | 2,585.0 | 4.7% |
| GLENCORE PLC | 476.0 | 4.5% |
| BURBERRY GROUP PLC | 1,547.5 | 4.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| OCADO GROUP PLC | 764.2 | -3.4% |
| AIRTEL AFRICA PLC | 135.6 | -3.3% |
| ASTRAZENECA PLC | 10026.0 | -2.2% |
| BUNZL PLC | 2905.0 | -2.1% |
| ADMIRAL GROUP PLC | 2236.0 | -1.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,348 | 1.4% | 4.9% |
| DOW JONES INDUS. AVG | 31,834 | -1.0% | -5.2% |
| DAX INDEX | 13,829 | 2.2% | -8.7% |
| NIKKEI 225 | 25,749 | -1.8% | -8.5% |
| S&P/ASX 200 INDEX | 6,941 | -1.8% | -1.5% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 104.24 | -1.39% |
| Brent Crude (ICE) | USD/bbl. | 106.21 | -1.21% |
| Gold Spot | USD/t oz. | 1,854 | 0.1% |
| Copper (Comex) | USd/lb. | 414 | -1.6% |
Click graph to enlarge
The UK 100 is called to open -120 points this morning at 7225. The UK 100 index’s gains from yesterday are expected to be undone on Thursday as markets continue to reflect worry about inflation, central bank tightening and potential recessions, after the US consumer price index in April remained near its highest level in more than 40 years. Another Wall Street sell-off took place overnight, following US consumer price inflation fell slightly to 8.3%. Tech and growth stocks on the Nasdaq led the decline, tumbling another 3.2%, with the S&P 500 falling 1.65% and the Dow Jones dropping 1%. Asian shares tumbled on Thursday; The Shanghai Composite in China declined 0.46% while Hong Kong’s Hang Seng index fell 2.25%. Japan’s Nikkei 225 was trading 1.80% lower and South Korea’s Kospi slipped 1.65%.
BT Group have finalised a deal to combine its sports broadcasting unit with Discovery Inc, as it met expectations with a 2% rise in core earnings for the year to end-March. They also reconfirmed its outlook for the current year.
Coca-Cola HBC will evaluate all options for its Russian operations and have a smaller presence in the country, focusing on local brands. They reported that organic revenue in Q1 rose 25.9%, excluding Russia and Ukraine.
Hargreaves Lansdown reports assets under administration of £132.3bn, with client growth of 90,000 year to date and client retention rate of 92.4%.
Land Securities are to sell 32-50 Strand in London for £195m.
Rolls-Royce traded in line with expectations for the first four months of the year, helped by a gradual return to flying and increased government investment in defence. They expect underlying revenue growth to be at a low double-digit percentage compound growth rate from 2021 and an operating margin percentage in the high single digits. They expect trading cashflow to comfortably exceed operating profit.
Vodafone are in talks to merge their UK operations with Three Uk.
Berenberg Upgrades SSE to Buy from Hold (8 Buys / 7 Holds / 0 Sells)
Deutsche Bank Downgrades Rio Tinto to Hold from Buy (5 Buys / 10 Holds / 2 Sells)
RBC Downgrades Homeserve to Sector Perform from Outperform (6 Buys / 4 Holds / 0 Sells)
3i Group
BT Group
Balfour Beatty
Coca-Cola HBC
ConvaTec
Grainger
Hargreaves Lansdown
TUI*
ContourGlobal
Sage Group
Scottish Mortgage Investment Trust
UK Gross Domestic Product
UK Industrial Production
UK Manufacturing Production
UK NIESR GDP Estimate
US Initial Jobless Claims
US Producer Price Index ex Food & Energy
FTSE 100:
BP
FTSE 250:
Inchcape
Lancashire Holdings
Greggs
Clarkson
BlackRock Smaller Companies Trust
Greencoat UK Wind
Serco Group
UK Commercial Property REIT
Petershill Partners
Fidelity Special Values
BMO Commercial Property Trust
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