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Morning Report - 28 April 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Burberry Group 1,173.2 2.2%
Smith & Nephew 1,182.0 2.1%
Standard Chartered 1,763.8 1.2%
M&G 298.0 1.2%
IG Group Holdings 1,526.0 1.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
Entain 567.0 -5.4%
Marks & Spencer Group 330.4 -4.8%
Endeavour Mining 4,386.0 -3.6%
Sainsbury (J) 333.0 -3.3%
Weir Group 2,902.0 -3.1%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,321 0.6% 22.7%
DOW JONES INDUS. AVG 49,168 0.1% 22.6%
DAX INDEX 24,084 0.2% 8.3%
NIKKEI 225 60,537 1.4% 68.9%
S&P/ASX 200 INDEX 8,787 0.1% 9.9%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 96.74 2.48%
Brent Crude (ICE) USD/bbl. 108.37 2.89%
Gold Spot USD/t oz. 4,679 0.7%
Copper (Comex) USd/lb. 609 0.1%
The UK 100 is called to open +3 points at at 10,323.

4 Hours; 4 Months

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Markets Overview:


The UK 100 is called to open +3 points at at 10,323.
The UK 100 looks set to open modestly higher this morning having dropped 58 points yesterday.

The S&P and the Nasdaq rose to new record highs on Monday, but gains were limited as stalled Iran peace talks and a fresh escalation in the Strait of Hormuz pushed oil prices higher.

The broad market index added 0.12% and closed at a record level of 7,173.91. The Nasdaq Composite gained 0.20% and notched a closing record of 24,887.10. Both indexes also reached new all-time highs in the session. The Dow Jones fell 62.92 points, or 0.13%, to settle at 49,167.79.

Asian equities traded mixed on Tuesday due to high oil prices and ongoing geopolitical uncertainty. The Bank of Japan held interest rates steady.  Japan (NKY:IND) fell 0.99% to below 60,200 on Tuesday, retreating from recent record highs. The Japanese yen strengthened to around 159 per dollar on Tuesday, recouping recent losses after the Bank of Japan kept its policy rate unchanged at 0.75% for a fourth straight meeting, in line with expectations.   The Bank of Japan maintained its short-term policy rate at 0.75% during its April 2026 meeting, though the decision saw a notable shift in board sentiment.  Japan’s unemployment rate rose to 2.7% in March 2026, slightly above market expectations and up from 2.6% in the previous month.  China’s Shanghai Composite fell 0.07% to 4,082 on Tuesday, while the Shenzhen Component fell 0.8% to 14,869.

China’s job market added 2.99 million new urban jobs in the first quarter of 2026, with the surveyed urban unemployment rate averaging 5.3%.  Hong Kong’s Hang Seng fell 0.64% to 25,850 on Tuesday, as sentiment remained cautious amid persistent geopolitical tensions and mixed external cues.

 

Company News & Broker Comments:

 

Company News:

 

Barclays ⁠reported its first ​quarter profit in line ​with ‌expectations on Tuesday, as ⁠a £200m ($270 million) ​provision for a loss to a single company exposure ​was ‌counterbalanced by a steady performance from its investment bank ​thanks to robust trading. The ‌British bank reported profit before tax ‌for January-March of £2.8 billion, slightly up from ​£2.7 billion a ‌year ago and in line with analysts’ forecasts according ⁠to ⁠LSEG data.  Barclays ‌also announced a fresh £500m share buyback.

 

BP on Tuesday reported stronger-than-expected first-quarter profit, following a surge in oil and gas prices driven by the Middle East conflict.  The oil giant posted underlying replacement cost profit, used as a proxy for net profit, of $3.2 billion for the first three months of the year. That beat analyst expectations of $2.63 billion, according to an LSEG-compiled consensus.  The company said the results reflect “exceptional” oil trading contributions and stronger midstream performance.  BP’s net profit came in at $1.38 billion over the same period last year and $1.54 billion in the final three months of 2025.  It comes as oil and gas companies experience a significant share price boost, with fossil fuel prices soaring since the U.S.-Israeli war against Iran started on Feb. 28.

 

Taylor Wimpey said on Tuesday that build cost inflation would reach low- to mid-single digits in 2026 due to rising energy costs stemming from the conflict in the Middle East.

 

 

Reporting Today:

 

UK

Card Factory (CARD) – Preliminary Results

Howden Joinery Group (HWDN) – Trading Update

Barclays (BARC) – Q1 2026 Results

BP (BP.) – Q1 2026 Results

 

US

Coca-Cola (KO) PMO

General Motors (GM) PMO

Spotify (SPOT) PMO

Booking Holdings (BKNG) AMC

Mondelez International (MDLZ) AMC

Robinhood Markets (HOOD) AMC

Starbucks (SBUX) AMC

Visa (V) AMC

 

 

Reporting Tomorrow:

 

UK

Evoke (EVOK)* – Full Year Results

Haleon (HLN) – Q1 2026 Trading Statement

Lloyds Banking Group (LLOY) – Q1 Interim Management Statement

PPHE Hotel Group Ltd (PPH) – Q1 2026 Results

AstraZeneca (AZN) – Q1 2026 results

GSK (GSK) – Q1 2026 results

 

US

AbbVie (ABBV) PMO

Automatic Data Processing (ADP) PMO

Etsy (ETSY) PMO

Fiverr International (FVRR) PMO

Lemonade (LMND) PMO

Markel Group (MKL) PMO

Alphabet (GOOGL) AMC

Amazon.com (AMZN) AMC

Ford Motor Co (F) AMC

Meta Platforms (META) AMC

Microsoft (MSFT)​​​​​​​ AMC

Qualcomm (QCOM)​​​​​​​ AMC

 

 

In Focus Today:

 

ECB Bank Lending Survey

US ADP Employment Change 4-week average

US Housing Price Index

US Consumer Confidence

ECB’s President Lagarde speech

 

 

This Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 30th April 2026:

Weir Group

IG Group Holdings

 

UK 250 companies going ex-dividend on 30th April 2026:

Senior

International Workplace Group

Greggs

Elementis

Genuit Group

4imprint Group

Bodycote

Alfa Financial Software Holdings

 

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