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Morning Report - 17 July 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Intermediate Capital Group PLC 2,044.0 3.4%
Hiscox LTD 1,274.0 2.6%
Beazley PLC 912.0 1.5%
3I Group PLC 4,210.0 1.5%
British American Tobacco PLC 3,873.0 1.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Ashtead Group PLC 4,679.0 -2.6%
Croda International PLC 2,854.0 -2.3%
WPP PLC 411.7 -2.1%
Pershing Square Holdings LTD 4,100.0 -1.9%
Melrose Industries PLC 520.8 -1.8%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,927 -0.1% 9.0%
DOW JONES INDUS. AVG 44,255 0.5% 7.4%
DAX INDEX 24,009 -0.2% 30.2%
NIKKEI 225 39,908 0.6% -3.2%
S&P/ASX 200 INDEX 8,639 0.9% 7.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 66.56 0.27%
Brent Crude (ICE) USD/bbl. 68.62 0.15%
Gold Spot USD/t oz. 3,329 -0.5%
Copper (Comex) USd/lb. 550 -0.6%
The UK 100 called to open +60 points this morning at 8,986.

4 Hours; 7 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 called to open +60 points this morning at 8,986. The UK 100 looks set to rebound from yesterdays mixed session which saw the UK’s bluechip index see-saw through the session, ultimately  closing lower by 12 points.

Data out this morning saw unemployment increased to 4.7% in the three months to May, rising from 4.6%, where it had been expected to remain.    Average weekly wage growth slowed to 5.0% from a revised-up 5.4%, as expected, while pay growth excluding bonuses also softened to 5.0% from a revised-up 5.3%.

It was also somewhat of a roller-coaster ride in the Stateside on Wednesday as a White House official indicated to CNBC that President Donald Trump was moving closer to firing Jerome Powell as Federal Reserve chairman, initially knocking down the S&P. The benchmark rebounded as Trump later denied the report, but traders remained concerned he could follow through.  The S&P added 0.32% and ended at at 6,263.70. The Nasdaq gained 0.26%, settling at 20,730.49 and posting its ninth record close of the year. The Dow Jones added 231.49 points, or 0.53%, ending at 44,254.78. At its low of the session, the 30-stock index dropped 264.31 points, or 0.6%.

 

Company News & Broker Comments:

 

Company News:

 

easyJet’s third quarter profit today improved by £50 million to £286 million, driven by strong demand for its primary airport network and the timing of Easter.  Airline passenger numbers increased by 2% in the three months to 30 June, with the load factor up slightly.  It remains positive on the outlook for the rest of the financial year, despite recent higher fuel costs and the scale of industrial action by French air traffic control.  Two-thirds of fourth-quarter capacity has been sold as the trend towards later bookings continues to be seen.  Chief executive Kenton Jarvis said: “We performed well in the quarter, increasing profits alongside improving operational performance which has boosted easyJet’s customer satisfaction scores and we continued to see strong demand from our customers.  “We are extremely unhappy with the strike action by the French ATC in early July, which as well as presenting unacceptable challenges for customers and crew also created unexpected and significant costs for all airlines.  He said the easyJet holidays division remains on track to deliver more than £235 million of profits for the full year.

Reporting Today:

 

UK

Wise (WISE)

SSE (SSE)

US

Abbott Laboratories (ABT) PMO

PepsiCo (PEP) PMO

Taiwan Semiconductor Manufacturing (TSM) PMO

Netflix (NFLX) AMC

Reporting Tomorrow:

 

UK

None

US

3M (MMM) PMO

American Express (AXP) PMO

SLB (SLB) PMO

In Focus Today:

UK Average Earnings

UK Employment Change

UK Unemployment Rate

EU Harmonized Index of Consumer Prices

US Initial Jobless Claims

Philadelphia Fed Manufacturing Survey

US Retail Sales

Today’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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