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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| British American Tobacco PLC | 3,187.0 | 3.6% |
| GSK PLC | 1,394.5 | 2.4% |
| St. James’s Place PLC | 1,094.0 | 2.2% |
| Scottish Mortgage Investment Trust PLC | 1,010.5 | 2.0% |
| F&C Investment Trust PLC | 1,110.0 | 1.9% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Anglo American PLC | 2,066.0 | -3.6% |
| Melrose Industries PLC | 465.4 | -2.1% |
| Antofagasta PLC | 1,821.0 | -1.9% |
| Glencore PLC | 266.0 | -1.7% |
| Kingfisher PLC | 310.8 | -1.7% |
| Major World Indices | Price | % Chg | 1 Year |
| FTSE 100 INDEX | 8,685 | 0.6% | 3.1% |
| DOW JONES INDUS. AVG | 42,655 | 0.8% | 6.6% |
| DAX INDEX | 23,767 | 0.3% | 27.1% |
| NIKKEI 225 | 37,474 | -0.7% | -3.4% |
| S&P/ASX 200 INDEX | 8,295 | -0.6% | 6.2% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 62.09 | -0.64% |
| Brent Crude (ICE) | USD/bbl. | 64.97 | -0.67% |
| Gold Spot | USD/t oz. | 3,228 | 0.8% |
| Copper (Comex) | USd/lb. | 461 | 0.3% |
Click graph to enlarge
The UK 100 called to open -31 points this morning at 8,653. The UK 100 looks set to open lower this morning, following news on Friday that credit agency Moody’s has downgraded the US sovereign credit outlook from the top Aaa rating to Aa1.
On a seemingly more upbeat note, there has been a “breakthrough” in talks between London and Brussels, the BBC is reporting. Citing sources from within 10 Downing Street, talks last night were said to have made important progress aherad of Keir Starmer meeting EU leaders at a summit today that is designed to try and reset the post-Brexit relationship between the two sides. Hurdles to a potential agreement over fishing rights were “solved” last night, government sources said, with talks also covering defence, trade and a youth mobility scheme.
The S&P rose Friday for a fifth session and posted a sharp weekly gain, as investors looked past the release of disappointing consumer sentiment data and persistent inflation worry. The broad market index climbed 0.70% to end at 5,958.38, while the Nasdaq gained 0.52% to close at 19,211.10. The Dow gained 331.99 points, or 0.78%, settling at 42,654.74. Friday’s advance put the 30-stock benchmark into positive territory for 2025. For the week, the S&P surged 5.3%, and the Dow gained 3.4%. The Nasdaq jumped 7.2% this week. Technology stocks also had a strong week. Shares of Nvidia gained about 16%, while Meta advanced 8%. Shares of Apple climbed 6%, while Microsoft popped 3%.
Asian markets dropped on Monday, Japan’s Nikkei dropped 0.74% to above 37,477, the Japanese yen strengthened past 145 per dollar, marking its fifth consecutive session of gains, as the U.S. dollar weakened following Moody’s credit rating downgrade. China’s Shanghai Composite fell 0.08% to around 3,365, marking a third consecutive session of losses for mainland equities as investors digested a batch of economic data.
BT Group reportedly nearing a deal to sell TNT Sports stake to Warner Bros Discovery.
Diageo revealed the “unmitigated impact” of recent tariff developments at about $150 million on an annual basis. The Guinness and Smirnoff firm said: “We expect that given the actions that we have in place already, before any pricing, we will be able to mitigate around half of this impact on operating profit on an ongoing basis. “Looking ahead, we will continue to work on measures to mitigate this impact further. “Our long track record of managing international tariffs gives us confidence in our ability to navigate this successfully.” The update came as the group reported a 2.9% increase in net sales to $4.4 billion in the third quarter, with unchanged guidance for the year. The company’s calculations are based on assumptions that the current 10% tariff remains on both UK and European imports into the US and that Mexican and Canadian spirits imports into the US remain exempt. Tariffs between the US and China do not have a material impact on the business.
Ryanair today reported a 16% drop in annual profit to 1.92 billion euros (£1.6 billion) but said it expects a return to growth in the current year. Total revenues rose 4% to €13.95 billion (£11.7 billion) after a 7% decline in average fares led to traffic growth of 9% to just over 200 million passengers. It expects traffic in the current financial year to grow by 3% to 206 million passengers, reflecting the impact of delayed deliveries of new Boeing planes. The company expect to recover most, but not all of last year’s 7% fares decline, which should lead to “reasonable net profit growth” in the 2025/26 year.
UK
Big Yellow Group (BYG)
Kainos Group (KNOS)
US
None
UK
Cranswick (CWK)
SSP Group (SSPG)
Vodafone Group (VOD)
Greggs (GRG)
Smiths Group (SMIN)
Diploma (DPLM)
US
The Home Depot Inc (HD) PMO
Palo Alto Networks (PANW) AMC
Chinese Industrial Production
Chinese Retail Sales
EU Index of Consumer Prices
German Buba Monthly Report
Fed’s Williams speech
UK 100 companies going ex-dividend on 22nd May 2025:
DCC
Kingfisher
Bunzl
Whitbread
Imperial Brands
UK 250 companies going ex-dividend on 22nd May 2025:
RHI Magnesita N.V.
NextEnergy Solar Fund
Bluefield Solar Income Fund
Keller Group
HICL Infastructure
Tritax Big Box REIT
Grainger
Spire Healthcare Group
JPMorgan Global Growth & Income
Bellway
BlackRock Greater European Inv Trust
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