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Morning Report - 22 July 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Antofagasta 3,667.0 5.8%
Marks & Spencer Group 398.3 4.8%
Fresnillo 2,566.0 4.4%
Babcock International Group 1,080.5 4.1%
Endeavour Mining 3,554.0 3.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Segro 869.4 -3.5%
London Stock Exchange Group 8,600.0 -2.8%
JD Sports Fashion 85.8 -2.6%
Reckitt Benckiser Group 4,938.0 -2.6%
RELX 2,454.0 -2.5%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,586 0.6% 17.5%
DOW JONES INDUS. AVG 52,225 0.7% 17.8%
DAX INDEX 25,011 0.7% 2.9%
NIKKEI 225 66,232 3.3% 66.5%
S&P/ASX 200 INDEX 8,793 0.0% 1.3%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 84.67 0.39%
Brent Crude (ICE) USD/bbl. 91.01 2.01%
Gold Spot USD/t oz. 4,081 0.1%
Copper (Comex) USd/lb. 653 0.3%
The UK 100 is called to open +25 points at at 10,610

4 Hours; 4 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open +25 points at at 10,610.  
The UK 100 is expected to continue rising on Wednesday, as the pound searches for direction following as easing in UK inflation.  On the futures market, the UK 100 has been called around 25 points higher, carrying the positive momentum from yesterday afternoon when the index closed up 61.15 points at 10,585.91.

UK inflation softened more than expected last month, according to fresh figures from the Office for National Statistics, with the headline consumer prices index slowing to a 2.6% annual rate in June from 2.8% in May.

Core CPI held steady at 2.6%, while services inflation, a key measure watched by the Bank of England, eased to 3.6% from 3.7%, although it remained slightly above expectations.

Stocks climbed on Tuesday Stateside, supported by chipmakers, as investors looked through the latest developments in the Iran war to focus on corporate earnings updates.

The Dow Jones rose 385.38 points, or 0.74%, to 52,224.64. The S&P advanced 0.89% to close at 7,509.20, and the Nasdaq added 1.29% to end at 25,837.21. All three indexes broke three-day losing streaks.

Company News & Broker Comments:

 

Company News:

JD Wetherspoon has warned that profits are likely to come in below market expectations this year, due to intensifying cost pressures, despite another quarter of steady top-line growth.  Chairman Tim Martin says: “Profits for the year are likely to be below market expectations, with marginally lower sales than anticipated in the final quarter, combined with higher costs in the areas of food, labour, repairs, energy and business rates.”  This compares to what he said in a profit warning in May, when he cautioned that rising costs “may result in profits slightly below market expectations”.

 

Reporting Today:

 

UK

J D Wetherspoon (JDW) – Trading Announcement

Reach (RCH) – Interim Results

 

US

AT&T Inc (NYSE:T) PMO

CME Group Inc Class A (NASDAQ:CME) PMO

GE Vernova Inc (NYSE:GEV) PMO

Philip Morris International Inc (NYSE:PM) PMO

Alphabet Inc Class A (NASDAQ:GOOGL) AMC

International Business Machines Corp (NYSE:IBM) AMC

QuantumScape Corp Ordinary Shares – Class A (NASDAQ:QS) AMC

ServiceNow Inc (NYSE:NOW) AMC

Tesla Inc (NASDAQ:TSLA) AMC

 

Reporting Tomorrow:

 

UK

AJ Bell (AJB) – Trading Announcement

Howden Joinery Group (HWDN) – Interim Results

Morgan Sindall Group (MGNS) – Interim Results

 

US

Blackstone Inc (NYSE:BX) PMO

Intel Corp (NASDAQ:INTC) AMC

Newmont Corp (NYSE:NEM) AMC

In Focus Today:

 

UK Consumer Price Index

UK Producer Price Index

UK Retail Price Index

Tomorrow’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 23rd July 2026:

SSE

 

UK 250 companies going ex-dividend on 23rd July 2026:

Bloomsbury Publishing

QinetiQ Group

Pennon Group

 

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