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Morning Report - 29 July 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Croda International 3,160.0 8.0%
Unilever 4,998.0 8.0%
Experian 2,981.0 6.3%
Compass Group 32.9 5.9%
RELX 2,832.0 5.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
Barclays 505.0 -4.8%
Polar Capital Technology Trust 610.5 -3.0%
Centrica 155.2 -2.9%
Lion Finance Group 11,440.0 -2.8%
Diploma 7,420.0 -2.8%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,871 0.8% 19.7%
DOW JONES INDUS. AVG 52,747 1.0% 17.6%
DAX INDEX 25,464 0.4% 6.2%
NIKKEI 225 62,365 4.0% 53.3%
S&P/ASX 200 INDEX 8,948 0.6% 2.8%

 

Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.81 4.48%
Brent Crude (ICE) USD/bbl. 84.09 4.83%
Gold Spot USD/t oz. 4,016 0.3%
Copper (Comex) USd/lb. 633 0.4%

 

The UK 100 is called to open +29 points at at 10,900.

4 Hours; 6 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open +29 points at at 10,900.   
Stocks in London are set to open slightly lower on Wednesday, while oil prices moved higher as hostilities in the Middle East resumed.

UK 100 futures indicate the FTSE 100 to open 29 points higher, at 10,900 on Wednesday. The index of London large-caps closed up 89.27 points, 0.8%, at 10,871.02 on Tuesday.

US and Saudi warplanes carried out strikes on Tuesday against Iran-backed militants in Iraq who launched more than two dozen drone attacks in recent days, the US military said.  The strikes targeted “Iran-aligned terrorists that the Islamic Revolutionary Guard Corps directed to attack US forces and Saudi energy infrastructure,” US Central Command said in a statement.

In Tokyo, the Nikkei 225 was down 1.7% on Wednesday. In China, the Shanghai Composite was up 0.8%, while the Hang Seng Index in Hong Kong shot up 1.3%. Sydney’s S&P/ASX 200 rose 1.0%.

Company News & Broker Comments:

 

Company News:

Reckitt beat second-quarter sales growth estimates and reaffirmed its annual forecast on Wednesday, as strong demand in China, India and other emerging markets helped offset weakness in Europe and disruption linked to the Iran war.  The consumer goods group, which makes Durex condoms and Finish cleaning products, also announced a new share buyback programme of up to £500 million ($664.9 million).  Emerging markets have remained a key driver of growth for Reckitt and other consumer goods companies, including Unilever, helping cushion the impact of higher costs and supply-chain disruptions stemming from tensions in the Middle East.  Reckitt continues to face several challenges, including the effects of Western sanctions on its Russian business, new taxes on condoms in China, and ongoing litigation against its baby formula business Mead Johnson.  The company reported like-for-like net revenue growth of 4.2% in its core business for the quarter ended June 30, compared with the 3.6% forecast by analysts in a company-compiled poll.

 

Standard Chartered shot up 5.8% in Hong Kong. It hailed a “record first half performance”, announced a USD1.0 billion buyback and lifted guidance.  It now expects operating income growth year-on-year for 2026 around the middle of its 5% to 7% range at constant currency and excluding “material notable items”. It previously expected growth towards the lower end of the range.  First half pretax profit rose 9.1% to $4.78 billion from $4.38 billion, with operating income climbing 6.4% to $11.60 billion from $10.91 billion.  In the second quarter alone, pretax profit rose 2.4% to $2.33 billion from $2.28 billion and operating income was 3.2% higher at $5.70 billion from $5.53 billion.  Pretax profit beat consensus of $2.07 billion and operating income topped $5.55 billion forecast.

Reporting Today:

 

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

Reporting Tomorrow:

 

UK

Shell (SHEL) – Q2 2026 Results

BAE Systems (BA.) – Half Year Results

Drax Group (DRX) – Half Year Results

Endeavour Mining (EDV) – Half Year Results

Lloyds Banking Group (LLOY) – Half Year Results

London Stock Exchange Group (LSEG) – Half Year Results

Mondi (MNDI) – Half Year Results

Rentokil Initial (RTO) – Interim Results

 

US

Bristol-Myers Squibb Co (NYSE:BMY) PMO

Mastercard Inc Class A (NYSE:MA) PMO

Willis Towers Watson (NASDAQ:WTW) PMO

Amazon.com Inc (NASDAQ:AMZN) AMC

Apple Inc (NASDAQ:AAPL) AMC

Coinbase Global Inc Ordinary Shares – Class A (NASDAQ:COIN) AMC E

Riot Platforms Inc (NASDAQ:RIOT) AMC E

Rivian Automotive Inc Class A (NASDAQ:RIVN) AMC

Strategy Inc Class A (NASDAQ:MSTR) AMC

In Focus Today:

 

Fed Interest Rate Decision

Fed Monetary Policy Statement

FOMC Press Conference

Tomorrow’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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