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Morning Report - 15 July 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Tesco PLC 409.8 2.2%
National Grid PLC 1,049.0 2.0%
International Consolidated Airlines Group S.A. 376.8 2.0%
Astrazeneca PLC 10,662.0 2.0%
Associated British Foods PLC 2,088.0 2.0%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Spirax Group PLC 6,020.0 -2.6%
JD Sports Fashion PLC 86.1 -1.8%
WPP PLC 414.6 -1.5%
Melrose Industries PLC 526.6 -1.4%
Shell PLC 2,635.5 -1.3%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,998 0.6% 10.0%
DOW JONES INDUS. AVG 44,460 0.2% 10.6%
DAX INDEX 24,161 -0.4% 30.0%
NIKKEI 225 39,642 0.5% -3.9%
S&P/ASX 200 INDEX 8,630 0.7% 7.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 66.62 -0.54%
Brent Crude (ICE) USD/bbl. 68.90 -0.45%
Gold Spot USD/t oz. 3,361 0.5%
Copper (Comex) USd/lb. 556 0.1%
The UK 100 called to open +18 points this morning at 9,017.

4 Hours; 7 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 called to open +18 points this morning at 9,017. The UK 100 looks set to open above 9000 for the first time today, striking another record high in the process.

Stateside yesterday saw the S&P edged higher on Monday even after President Donald Trump threatened high tariffs on more countries over the weekend. Losses were kept in check as investors bet those duties will eventually be negotiated down and looked ahead to a busy week for second-quarter earnings season.  The S&P added 0.14% to close at 6,268.56, while the Nasdaq rose 0.27% to settle at 20,640.33. The Dow Jones gained 88.14 points, or 0.20%, ending at 44,459.65.

 

Company News & Broker Comments:

 

Company News:

Barratt Redrow today said adjusted profits for the year to 29 June are in line with market expectations, despite home completions being slightly below guidance.  The housebuilder said it had been impacted by fewer international and investor completions than expected in its London businesses.  Total home completions including joint ventures reduced by 7.8% to 16,565 from last year’s comparable figure of 17,972.  However, the order book position continued to improve during the year based on total forward sales of £2.9 billion at the end of June equating to 9835 homes.  It is also seeing “tangible benefits” from last year’s acquisition of Redrow, with cost synergies being delivered ahead of schedule.  Chief executive David Thomas said: “Although demand during the year has been impacted by consumer caution and mortgage rates not falling as quickly as hoped, there remains a long-term structural under-supply of housing in this country.”

 

Experian delivered a strong first-quarter performance for 2025, with total revenue up 12% and organic growth hitting eight per cent – at the top end of the company’s guidance.  But while the global data and technology giant posted strong numbers across North America, Latin America and EMEA, its home UK market continued to show signs of strain.  UK and Ireland revenue grew by just two per cent at constant currency, with organic growth at just 1%.  The group’s B2B segment contracted by two per cent as economic conditions weighed on activity, even as new initiatives, like the Ascend Sandbox, were well received.

 

Reporting Today:

 

UK

Experian (EXPN)

Integrafin Holdings (IHP)

Barratt Redrow (BTRW)

NCC Group (NCC)

US

BlackRock (BLK) PMO

Citigroup Inc (C) PMO

JPMorgan Chase & Co (JPM) PMO

Wells Fargo & Co (WFC) PMO

Reporting Tomorrow:

 

UK

None

US

Bank of America Corp (BAC) PMO

Goldman Sachs (GS) PMO

Johnson & Johnson (JNJ) PMO

Morgan Stanley (MS) PMO

In Focus Today:

UK BRC Like-For-Like Retail Sales

Chinese Gross Domestic Product

Chinese Industrial Production

Chinese Retail Sales

EcoFin Meeting

German ZEW Survey

EU Industrial Production

EU ZEW Survey

Fed’s Logan speech

US Consumer Price Index

US NY Empire State Manufacturing Index

BoE’s Governor Bailey speech

This Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 17th July 2025:

None

 

 

UK 250 companies going ex-dividend on 17th July 2025:

Cranswick

Ninety One

NB Private Equity Partners

 

 

 

 

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