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Morning Report - 20 May 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Hiscox 1,841.0 12.3%
3i Group 2,120.0 4.6%
JD Sports Fashion 72.0 2.5%
RELX 2,423.0 2.5%
BP 552.2 2.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Fresnillo 3,193.0 -4.2%
Compass Group 31.5 -3.8%
Antofagasta 3,649.0 -3.6%
Anglo American 3,657.0 -3.3%
Endeavour Mining 4,370.0 -3.0%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,331 0.1% 17.7%
DOW JONES INDUS. AVG 49,364 0.7% 15.7%
DAX INDEX 24,401 0.4% 1.5%
NIKKEI 225 59,871 1.1% 59.5%
S&P/ASX 200 INDEX 8,497 1.3% 1.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 103.02 1.08%
Brent Crude (ICE) USD/bbl. 110.16 1.01%
Gold Spot USD/t oz. 4,467 0.3%
Copper (Comex) USd/lb. 620 0.0%

 

The UK 100 is called to open -42 points at at 10,288. 

4 Hours; 4 Months

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Markets Overview:


The UK 100 is called to open -42 points at at 10,288. 
The UK 100 and other European markets are expected to start in red on Wednesday as market sentiment remains uncertain in the face of a lack of progress around Middle Eastern peace talks.

Fresh from the Office for National Statistics was news that UK consumer price inflation eased to 2.8% in April from 3.3% March, almost entirely thanks to the energy price cap that came in last month.  Overnight on Wall Street, selling dominated as the Dow Jones and the S&P both dropped 0.7%, and the Nasdaq slid 0.8% as government bonds continued to exert pressure.

Asian markets are red this morning, with the Nikkei down 1.4%, the Hang Seng sliding 0.7% and India’s Sensex 0.1%.

Company News & Broker Comments:

 

Company News:

 

 

British Land says demand for office space in London from AI and technology companies is supporting its results. The real estate group points to interest from tenants including Anthropic, the creator of Claude, as a factor helping offset a slowdown in rental growth as its retail parks near full occupancy.  The company reports underlying profit of 294 million pounds, or $393.6 million, for the year ended March 31. That is above analyst expectations of 291 million pounds, based on a company-compiled consensus.

 

Marks & Spencer said it had seen “a year of two halves” after a cyber attack hit sales and led to a sharp fall in profit.  The retailer suffered a £131m hit from the attack which caused severe disruption for three months.  The chain said it had bounced back from the incident and enters 2026/27 with a clear plan and a strong balance sheet that will see profit growth resume.  For the year to 28 March it saw a 23.8% fall in adjusted profit before tax to £671.4m, though the second half was up 4.1%. Statutory profit before tax was down 28.8% at £364.6m.  Food sales rose 7%, fashion, Home & Beauty sales were down 7.7% and International sales 7.2% lower. The board is proposing a 16.7% rise in the full year dividend to 4.2p.  The company opened 12 food and 3 full line stores during the period.  Higher fuel and freight costs due to the Iran war, on top of a heavier tax and regulatory burden, have added to pressures across the high street.

Reporting Today:

 

UK

British Land Co (BLND) – Full Year Results

Experian (EXPN) – Full Year Results

Marks & Spencer Group (MKS) – Full Year Results

RS Group (RS1) – Full Year Results

Severn Trent (SVT) – Full Year Results

 

US

Intuit (INTU) AMC

NVIDIA (NVDA) AMC

 

 

Reporting Tomorrow:

 

UK

Autotrader Group (AUTO) – Full Year Results

BT Group (BT.A) – Full Year Results

ConvaTec Group (CTEC) – Trading Update

AJ Bell (AJB) – Interim Results

easyJet (EZJ) – Half Year Results

Sage Group (SGE) – Half Year Results

 

US

Deere & Co (DE) PMO

Walmart (WMT) PMO

Take-Two Interactive Software (TTWO)​​​​​​​ AMC

 

 

In Focus Today:

 

Fed’s Paulson speech

UK Consumer Price Index

UK Producer Price Index

UK Retail Price Index

EU Non-Monetary Policy ECB Meeting

EU Harmonized Index of Consumer Prices

FOMC Minutes

 

Tomorrow’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 21st May 2026:

Whitbread

Bunzl

Imperial Brands

Shell

 

UK 250 companies going ex-dividend on 21st May 2026:

TBC Bank Group

Grainger

Bellway

Spire Healthcare Group

 

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.


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