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Morning Report - 2 July 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Diageo PLC 1,896.5 3.8%
Whitbread PLC 2,918.0 3.4%
Jd Sports Fashion PLC 91.3 2.9%
Endeavour Mining PLC 2,292.0 2.9%
Astrazeneca PLC 10,402.0 2.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
Convatec Group PLC 272.0 -5.7%
Rolls-Royce Holdings PLC 939.6 -2.9%
Babcock International Group PLC 1,119.0 -2.5%
Barclays PLC 329.7 -2.3%
Standard Chartered PLC 1,182.0 -2.1%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,785 0.3% 8.2%
DOW JONES INDUS. AVG 44,495 0.9% 13.1%
DAX INDEX 23,673 -1.0% 30.3%
NIKKEI 225 39,791 -0.5% -0.7%
S&P/ASX 200 INDEX 8,598 0.7% 11.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 65.27 -0.28%
Brent Crude (ICE) USD/bbl. 67.00 -0.16%
Gold Spot USD/t oz. 3,334 -0.2%
Copper (Comex) USd/lb. 512 0.4%

 

The UK 100 called to open +34 points this morning at 8,819.

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 called to open +34 points this morning at 8,819.  The UK 100 has been tipped to make a solid start on Wednesday, extending gains from the previous day and after a mixed session on Wall Street overnight.

Asian equity markets outside of China are on the weaker side this morning, given concern over trade, led by Japan’s Nikkei falling over 1% for the second day in a row.

The Dow Jones climbed on Tuesday as investors rotated out of technology stocks to kick off the second half of 2025.  Investors were also weighing the latest developments with President Donald Trump’s giant tax and spending bill as well as comments from Federal Reserve Chair Jerome Powell.  The S&P inched down 0.11% and closed at 6,198.01, while the Nasdaq lost 0.82% to settle at 20,202.89. The blue-chip Dow was the outlier, gaining 400.17 points, or 0.91%, to end at 44,494.94.

Company News & Broker Comments:

 

Company News:

Greggs today scaled back profit guidance after seeing sales growth slow due to the impact of June’s warm weather on footfall.  Like-for-like sales rose 2.6% in the 26 weeks to 28 June, which compares with an uplift of 2.9% in its previous update on 20 May.  It now expects that full-year operating profit could be modestly below that achieved in 2024.  Total sales in the 26 weeks were up 6.9% to £1.03 billion, having opened 87 new shops and closed 56. It has an estate of 2649 outlets.

 

Spectris has accepted an improved takeover offer from U.S. private equity firm KKR (KKR.N), opens new tab, valuing the scientific instruments maker at about 4.7 billion pounds ($6.46 billion), including debt, the companies said on Wednesday.  The offer values Spectris at 40 pounds per share, including dividends, and is a 6.3% premium to Advent’s 37.63 pounds per share offer, marking Britain’s largest takeover deal so far this year.

Reporting Today:

 

UK

None

US

None

Reporting Tomorrow:

 

UK

Currys (CURY)*

Watches of Switzerland Group (WOSG)

US

None

In Focus Today:

ECB’s De Guindos speech

ECB’s Cipollone speech

EU Unemployment Rate

ECB’s Lane speech

BoE’s Taylor speech

US ADP Employment Change

ECB’s President Lagarde speech

Today & Tomorrow’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 3rd July 2025:

Next

F&C Investment trust

 

 

UK 250 companies going special ex-dividend on 2nd July 2025:

Spirent Communications

 

UK 250 companies going ex-dividend on 3rd July 2025:

Workspace Group

Big Yellow Group

Lion Finance Group

FirstGroup

JPMorgan European Discovery Trust

Primary Health Properties

Paragon Banking Group

Safestore Holdings

PayPaoint

NCC Group

Murray International Trust

ICG Enterprise Trust

Atalaya Mining

 

 

 

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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