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Morning Report - 4 July 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Coca-Cola Hbc AG 3,964.0 3.9%
Natwest Group PLC 489.0 3.2%
Lloyds Banking Group PLC 75.9 3.2%
Convatec Group PLC 265.4 3.1%
Pershing Square Holdings LTD 4,120.0 3.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
Rio Tinto PLC 4,296.0 -1.9%
Astrazeneca PLC 10,204.0 -1.8%
Melrose Industries PLC 524.8 -1.2%
GSK PLC 1,394.0 -1.1%
Anglo American PLC 2,244.0 -0.9%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,823 0.6% 7.1%
DOW JONES INDUS. AVG 44,829 0.8% 13.9%
DAX INDEX 23,934 0.6% 29.7%
NIKKEI 225 39,789 0.0% -2.7%
S&P/ASX 200 INDEX 8,603 0.1% 9.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 66.75 -0.37%
Brent Crude (ICE) USD/bbl. 68.43 -0.54%
Gold Spot USD/t oz. 3,342 0.5%
Copper (Comex) USd/lb. 508 -1.2%

 

The UK 100 called to open -29 points this morning at 8,794.

4 Hours; 5 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 called to open -29 points this morning at 8,794.  The UK 100 looks set to dip this morning, giving up a chunk of yesterdays gains.

U.S. stocks rose on Thursday, with the S&P 500 and Nasdaq Composite hitting fresh record highs, after a better-than-expected jobs report fuelled optimism the U.S. economy was hanging tough despite fast-changing trade policy and geopolitics.

The Dow Jones advanced 344.11 points, or 0.77%, settling at 44,828.53. The S&P added 0.83% to close at 6,279.35, while the Nasdaq gained 1.02% and ended at 20,601.10. Both the S&P 500 and the Nasdaq Composite also closed at records.

Nonfarm payrolls rose by 147,000 in June, the Bureau of Labor Statistics reported Thursday. That’s above the Dow Jones forecast from economists for 110,000 and the upwardly revised 144,000 in May. The unemployment rate also fell to 4.1%, while economists had projected an increase to 4.3%.

Asian shares were mixed on Friday after U.S. stocks climbed further into record heights as the clock ticks on President Donald Trump’s July 9 tariff deadline.

Japan’s Nikkei 225 fell 0.6% to 39,762.20 after earlier gains, while South Korea’s KOSPI index was down 1.2% to 3,078.31.  Hong Kong’s Hang Seng index lost 0.6% to 23,914.44 while the Shanghai Composite index added 0.4% to 3,475.24. Australia’s S&P/ASX 200 rose 0.1% to 8,609.50. India’s Sensex index was up 0.1% to 83,288.73.

Company News & Broker Comments:

 

Company News:

MJ Gleeson reported on Friday that its profit before tax and exceptional items for the year ended June 30, 2025, is expected to be within current market expectations of £21.0m to £22.5m.  The company completed 1,793 homes during the fiscal year, slightly up from 1,772 in the previous year. Net reservation rates improved to 0.88 per site per week in the second half, compared to 0.63 in the same period last year.  Gleeson Homes, the company’s main division, is expected to report an operating profit within market expectations of £21.7m to £23.0m. The division secured three partnership deals covering 175 homes during the second half and holds a forward order book of 845 plots, up from 559 plots a year earlier.  The company’s land division completed seven disposals during the year and is expected to report an operating profit at the lower end of market expectations of £7.0m to £8.4m. Three anticipated disposals have been delayed to the first half of fiscal 2026.  MJ Gleeson ended the year with a net debt position of £0.8m, compared to a net cash position of £12.9m at the end of the previous fiscal year.  The company announced organizational changes at Gleeson Homes, including the departure of division Chief Executive Mark Knight. The restructuring is expected to incur a one-time cost of approximately £1.2m.

Reporting Today:

 

UK

None

US

None

Reporting Monday:

 

UK

Vanquis Banking Group (VANQ)

US

None

In Focus Today:

German Factory Orders

EU Producer Price Index

BoE’s Taylor speech

Next Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 10th July 2025:

Halma

Games Workshop Group

 

 

UK 250 companies going ex-dividend on 10th July 2025:

WH Smith

Bytes Technology Group

CMC Markets

Oxford Instruments

 

 

 

 

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