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Morning Report - 23 February 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Diageo 1,851.0 3.9%
Burberry Group 1,213.5 3.3%
Antofagasta 3,992.0 3.0%
British American Tobacco 4,569.0 2.2%
Lloyds Banking Group 104.2 2.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
BP 467.6 -2.4%
DCC 5,135.0 -1.3%
Associated British Foods 1,953.5 -1.2%
Mondi 926.4 -0.9%
ConvaTec Group 228.8 -0.8%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,687 0.6% 23.4%
DOW JONES INDUS. AVG 49,626 0.5% 14.3%
DAX INDEX 25,261 0.9% 13.3%
NIKKEI 225 56,826 1.1% 46.6%
S&P/ASX 200 INDEX 9,026 0.6% 8.8%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 65.70 1.17%
Brent Crude (ICE) USD/bbl.
Gold Spot USD/t oz. 5,135 0.6%
Copper (Comex) USd/lb.

 

The UK 100 is called to open -21 at 10,665.

4 Hours; 2 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open -21 at 10,665.  
The UK 100 looks set to open lower this morning as renewed tariffs uncertainty means the UK’s blue-chip index is set to fall back after Friday’s record close.

U.S. stock futures fell on Monday after President Donald Trump said he’s raising his global tariffs to 15% from 10% after the Supreme Court struck down the president’s “reciprocal” tariffs. The new tariffs heightened market uncertainty about the outlook for inflation and ​global growth.  Dow Jones futures dropped 300 points, or 0.5%. S&P futures and Nasdaq futures slid 0.6% and 0.7%, respectively.

Stocks had risen on Friday after the Supreme Court ruled against President Donald Trump’s tariffs, potentially providing relief for companies burdened by higher costs from the duties and easing concern about sticky inflation still plaguing the U.S. economy.  The S&P advanced 0.69% and closed at 6,909.51, while the Nasdaq gained 0.9% and settled at 22,886.07. The Dow Jones added 230.81 points, or 0.47%, and ended at 49,625.97. The 30-stock index recovered from a 200-point loss earlier in the session on disappointing economic data.

Asian markets traded unevenly amid thin holiday liquidity, with the Hang Seng outperforming on technology and auto strength while South Korea reached record highs driven by semiconductor demand tied to artificial intelligence. Regional sentiment was shaped by U.S. tariff developments, with investors weighing potential benefits to China and India against rising policy uncertainty. Safe-haven flows supported gold and the Yen.

Oil prices sank, with Brent ⁠crude ‌futures declining 1.2% to $70.93 a barrel. U.S. ‌crude futures were at $65.65 a barrel, down 1.2%.

Company News & Broker Comments:

 

Company News:

JD Sports Fashion has launched a new £200 million share buyback for its new financial year, beginning immediately.  The first swathe worth up to £100 million is expected to be completed no later than its 31 July half-year stage, followed by the second tranche in the second half.

Reporting Today:

 

UK

 

Mony Group Plc (MONY)

US

 

None

Reporting Tomorrow:

 

UK

 

Standard Chartered (STAN) – Full Year Results

Croda International (CRDA) – Full Year Results

Unite Group (UTG) – Full Year Results

ConvaTec Group (CTEC) – Full Year Results

US

 

Keurig Dr Pepper Inc (NASDAQ:KDP) PMO

The Home Depot Inc (NYSE:HD) PMO

AMC Entertainment Holdings Inc (NYSE:AMC) AMC

HP Inc (NYSE:HPQ) AMC

Lucid Group Inc (NASDAQ:LCID) AMC

 

In Focus Today:

 

German IFO

BoE’s Taylor speech

Fed’s Waller speech

US Factory Orders

ECB’s President Lagarde speech

This Week’s Ex-Dividends:

 

 

UK 100 companies going ex-dividend on 26th February 2026:

Alliance Witan

Unilever

UK 250 companies going ex-dividend on 26th February 2026:

Ashmore 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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