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Morning Report - 26 March 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Endeavour Mining 4,299.0 4.2%
Smiths Group 2,335.0 3.6%
GSK 2,047.5 3.5%
Anglo American 3,159.0 3.4%
ICG 1,538.0 3.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
Entain 563.4 -3.6%
Experian 2,526.0 -1.6%
RELX 2,396.5 -1.4%
Bunzl 2,159.0 -0.9%
Shell 3,430.0 -0.9%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,107 1.4% 16.3%
DOW JONES INDUS. AVG 46,429 0.7% 9.4%
DAX INDEX 22,957 1.4% 0.5%
NIKKEI 225 53,604 0.3% 41.0%
S&P/ASX 200 INDEX 8,526 0.1% 6.6%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 92.26 2.15%
Brent Crude (ICE) USD/bbl. 104.45 2.18%
Gold Spot USD/t oz. 4,459 1.1%
Copper (Comex) USd/lb. 549 1.3%
The UK 100 is called to open -50 points at at 10,056. 

4 Hours; 2 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open -50 points at at 10,056.  
The UK 100 looks set to open slightly softer today, this follows a 140+ point rise for the UK’s blue-chip index yesterday.

Stocks jumped stateside on Wednesday as oil prices pulled back and traders hoped the U.S. and Iran could reach an agreement for a ceasefire.  The Dow Jones gained 305.43 points, or 0.66%, and closed at 46,429.49. The S&P rose 0.54% to 6,591.90, and the Nasdaq advanced 0.77% to end at 21,929.83.

Asian stocks were mostly lower and oil prices gained on Thursday as a de-escalation of the Iran war remained uncertain.  Tokyo’s Nikkei 225 was trading 0.3% lower at 53,607.75. South Korea’s Kospi lost 1.9% to 5,537.30.  Hong Kong’s Hang Seng fell 1.4% to 24,978.71, while the Shanghai Composite index was down 0.6% to 3,909.16.  Australia’s S&P/ASX 200 edged down 0.2%, while Taiwan’s Taiex was trading 0.4% higher.

Oil prices were up again on Thursday after an earlier dip. Brent crude, the international standard, rose 1.3% to $98.51 per barrel. It was below $95 on Wednesday. Benchmark U.S. crude was 1.6% higher at $91.75 a barrel.

The rise in oil prices came as Tehran on Wednesday dismissed a ceasefire plan by the U.S., after the administration of U.S. President Donald Trump offered a 15-point proposal to Iran and Trump this week delayed a self-imposed deadline to “obliterate” its power plants in order to force Iran to reopen the Strait of Hormuz.

Company News & Broker Comments:

 

Company News:

Next has reported a jump in annual profits, with the fashion and homeware retailer warning that the conflict in the Middle East could push up costs and dampen sales growth in the year ahead.  Pre-tax profit rose 14.5% to £1.158 billion in the year to January 2026, in line with its latest upgraded guidance that month, as total group sales grew 10.8% to £7 billion.  After returning £839 million to shareholders during the year through dividends, share buybacks, and a capital distribution scheme, the board has proposed a final ordinary dividend of 181p per share, taking the full-year total to 268p, up from 233p a year earlier.  Next said it anticipates returning £500 million of cash to shareholders through share buybacks, special dividends or capital returns in the current year.  This is based on expectations that the year will see a pre-tax profit of £1.21 billion, up 4.5%, with full-price sales growth forecast at the same rate.  However, Next flagged the Middle East conflict as a near-term risk, noting the region accounts for around 6% of its total turnover.  The company said it had set aside £15 million to cover likely additional costs such as higher fuel and air freight bills over the next three months, though it added the figure was offset by savings elsewhere and would not affect its profit guidance.

 

Reporting Today:

 

UK

Next (NXT) – Full Year Results

US

 

None

 

Reporting Tomorrow:

 

UK

 

Carnival (CCL) – Q1 Results

US

None

 

In Focus Today:

 

ECB’s De Guindos speech

BoE’s Breeden speech

US Initial Jobless Claims

BoE’s Greene speech

BoE’s Taylor speech

Fed’s Cook speech

Fed’s Miran speech

Fed’s Jefferson speech

Fed’s Logan speech

Fed’s Barr speech

Today’s Ex-Dividends:

 

 

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

British American Tobacco

Mondi

Segro

St James Place

Smith & Nephew

Aviva

Prudential

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

MONY Group

International Personal Finance

Hammerson

Lion Finance Group

Primary Health Properties

Volution Group

Ithaca Energy

 

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