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Morning Report - 25 July 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
BT Group PLC 220.2 10.4%
Reckitt Benckiser Group PLC 5,542.0 10.0%
Howden Joinery Group PLC 910.0 8.9%
Airtel Africa PLC 196.4 7.3%
Ashtead Group PLC 5,032.0 3.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
SSE PLC 1,851.5 -3.2%
Beazley PLC 889.5 -2.3%
Fresnillo PLC 1,433.0 -2.1%
3I Group PLC 4,264.0 -1.8%
BP PLC 397.8 -1.7%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 9,138 0.9% 11.6%
DOW JONES INDUS. AVG 44,694 -0.7% 11.9%
DAX INDEX 24,296 0.2% 32.8%
NIKKEI 225 41,444 -0.9% 9.5%
S&P/ASX 200 INDEX 8,667 -0.5% 10.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 66.58 0.83%
Brent Crude (ICE) USD/bbl. 69.74 0.81%
Gold Spot USD/t oz. 3,356 -0.4%
Copper (Comex) USd/lb. 582 0.3%
The UK 100 called to open +9 points this morning at 9,147.

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 called to open +9 points this morning at 9,147.  The UK 100 looks set to open modestly higher this morning, as the UK’s blue-chip index looks to notch up a seventh consecutive positive day, a run which has seen the UK 100 breaking the 9,000 point barrier for the first time and strike another all-time high closing level yesterday of 9,139.

Data out this morning showed retail sales volumes had returned to growth in June after recording a 2.8% slump the previous month.  The ONS today reported growth of 0.9%, compared with City forecasts for a figure of 1.2%.  Food store sales rose by 0.7% following a 5.4% fall in May, with retailers reporting that the warm weather had a positive effect.

The S&P and the Nasdaq eked out record closes on Thursday after Alphabet’s latest quarterly results came in better than expected.  The broad market index added 0.07% to end at 6,363.35, and the tech-heavy Nasdaq rose 0.18% to close at 21,057.96. Both indexes sharply curtailed their gains as the session ended. The Dow Jones fell 316.38 points, or 0.70%, to settle at 44,693.91. The 30-stock Dow was bogged down by shares of IBM slipping more than 7% after its second-quarter software revenue missed expectations.  Both the S&P and the Nasdaq had scored new intraday all-time highs earlier in the session, bolstered by a 1% move higher in Alphabet.  shares after the Google parent posted a second-quarter earnings and revenue beat.

 

Company News & Broker Comments:

 

Company News:

NatWest today upgraded its income and returns guidance for 2025 after reporting a “strong performance” in the first half of the year.  Pre-tax profits rose 20% to £2.67 billion, including a broadly flat quarter-on-quarter figure of £1.3 billion for the three months to 30 June.  An interim dividend of 9.5p a share is 58% higher than a year ago, while it intends to commence a share buyback programme of £750 million in the second half.  A net impairment charge of £193 million, or 19 basis points of gross customer loans, in the second quarter included an £81 million charge on the acquisition of balances from Sainsbury’s Bank.  New guidance for 2025 includes a loan impairment rate below 20 basis points.

Reporting Today:

 

UK

Rightmove (RMV)

NatWest Group (NWG)

US

Aon (AON) PMO

Reporting Tomorrow:

 

UK

None

US

None

In Focus Today:

UK GfK Consumer Confidence

UK Retail Sales

German IFO – Business Climate

German IFO – Current Assessment

German IFO – Expectations

US Durable Goods Orders

Next Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 31st July 2025:

Lloyds Banking Group

 

 

UK 250 companies going ex-dividend on 31st July 2025:

HICL Infastructure

MONY Group

Brunner Investment Trust

 

 

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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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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