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Morning Report - 28 July 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Vodafone Group 120.2 4.8%
RELX 2,682.0 4.4%
Autotrader Group 510.8 4.4%
Airtel Africa 348.4 4.3%
JD Sports Fashion 92.7 4.2%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Glencore 519.1 -3.4%
BP 534.3 -2.6%
Polar Capital Technology Trust 629.5 -2.5%
IMI 2,980.0 -2.3%
Antofagasta 3,551.0 -2.2%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,782 0.4% 18.2%
DOW JONES INDUS. AVG 52,210 0.5% 16.3%
DAX INDEX 25,361 1.0% 4.7%
NIKKEI 225 64,931 0.5% 58.4%
S&P/ASX 200 INDEX 8,894 1.4% 2.3%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.91 0.85%
Brent Crude (ICE) USD/bbl. 88.36 8.70%
Gold Spot USD/t oz. 4,077 0.0%
Copper (Comex) USd/lb. 639 0.2%
The UK 100 is called to open +39 points at at 10,820. 

4 Hours; 6 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open +39 points at at 10,820.   
The UK 100 looks set to open higher this morning, adding 39 points, 0.3%, at 10,820 on Tuesday. The index of London large-caps closed up 45.52 points, 0.4%, at 10,781.75 on Monday.

US President Donald Trump on Monday voiced optimism at the prospects for a negotiated peace deal with Iran, as the two sides held their fire for a third consecutive day.

In New York on Monday, the Dow Jones Industrial Average rose 0.5%, the S&P 500 ended flat, while the Nasdaq Composite fell 0.2% despite starting the day in the green.

The unease was felt in Asian trade also. The Nikkei 225 was down 4.1% on Tuesday in Tokyo. In China, the Shanghai Composite was down 1.3%. The Hang Seng Index in Hong Kong was down 0.2%. Sydney’s S&P/ASX 200, however, was up 0.5%. In Seoul, the Kospi shed 11%, with Samsung Electronics and SK Hynix each down 13%.

Company News & Broker Comments:

 

Company News:

Barclays on Tuesday reported a first-half profit ‌rise of ⁠17%, beating analysts’ forecasts, ⁠as it followed Wall Street peers in reaping ‌bumper equities trading revenues and deal fees this year. The British ‌bank reported profit before tax ‌for January-June of £6.1 billion on Tuesday, just above analysts’ ‌expectations of about £5.94 billion. It also announced a ⁠fresh ⁠share ‌buyback of £1 billion, above forecasts for £831 million.

 

Croda has kept its full-year guidance unchanged after reporting higher first-half profits, with strong consumer care sales and transformation savings helping offset continued weakness in parts of its life sciences business.  The Goole-headquartered speciality chemicals group said organic sales rose 4.6% in the six months to 30 June, while adjusted operating profit increased 6.1% to £155.8m.

 

Unilever raised its full-year sales outlook on Tuesday after second-quarter underlying sales growth accelerated, helped by strong volumes across its biggest brands and momentum in emerging markets.  The maker of Dove soap and Hellmann’s mayonnaise reported underlying sales growth of 5.8% in the second quarter, with underlying volume growth of 5.5%, its strongest volume quarter in more than a decade.  Turnover rose 3.8% to 13.0 billion euros, despite a 2.4% drag from currency movements.  Unilever said it now expects full-year 2026 underlying sales growth within its 4%-6% multi-year guidance range, compared to its earlier forecast of growth at the bottom end of that range. The company sees underlying volume growth of around 3%.  It expects second-half sales growth of 4%-5%, led by pricing, and a modest improvement in full-year underlying operating margin from 20.0% in 2025.

Reporting Today:

 

UK

Croda International (CRDA) – Half Year Results

Essentra (ESNT) – Half Year Results

Inchcape (INCH) – Half Year Results

Unilever (ULVR) – Q2 and Half-Year 2026 Results

Unite Group (UTG) – Interim Results

Games Workshop Group (GAW) – Full Year Results

GSK (GSK) – Q2 Results 2026

Barclays (BARC) – H1 2026 results

 

US

Boeing Co (NYSE:BA) PMO

Coca-Cola Co (NYSE:KO) PMO

PayPal Holdings Inc (NASDAQ:PYPL) PMO

Ford Motor Co (NYSE:F) AMC

Mondelez International Inc Class A (NASDAQ:MDLZ) AMC

Visa Inc Class A (NYSE:V) AMC

Reporting Tomorrow:

 

UK

Sage Group (SGE) – Q3 2026 Trading Update

Aberdeen Group (ABDN) – Half Year Results

Breedon Group (BREE) – Half Year Results

Rathbones Group (RAT) – Interim Results

Rio Tinto (RIO) – 2026 Half Year Results

St James’s Place (STJ) – Half year results

Standard Chartered (STAN) – Half year results

 

US

Aon  Class A (NYSE:AON) PMO

Automatic Data Processing Inc (NASDAQ:ADP) PMO

Etsy Inc (NYSE:ETSY) PMO E

Fiverr International Ltd (NYSE:FVRR) PMO

Lemonade Inc Ordinary Shares (NYSE:LMND) PMO

Markel Group Inc (NYSE:MKL) PMO E

Procter & Gamble Co (NYSE:PG) PMO

ARM Holdings  ADR (NASDAQ:ARM) AMC

Lam Research Corp (NASDAQ:LRCX) AMC

Meta Platforms Inc Class A (NASDAQ:META) AMC

Microsoft Corp (NASDAQ:MSFT) AMC

Qualcomm Inc (NASDAQ:QCOM) AMC

Robinhood Markets Inc Class A (NASDAQ:HOOD) AMC

Starbucks Corp (NASDAQ:SBUX) AMC

In Focus Today:

 

US ADP Employment Change 4-week average

US Housing Price Index

US Consumer Confidence

This Week’s Ex-Dividends:

 

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

None

 

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

MONY Group

 

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