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Morning Report - 6 May 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
International Consolidated Airlines Group S.A. 279.0 5.0%
Melrose Industries PLC 455.9 4.9%
Babcock International Group PLC 842.0 4.0%
Rentokil Initial PLC 359.4 3.6%
Spirax Group PLC 6,115.0 3.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
Sainsbury (J) PLC 263.4 -1.7%
United Utilities Group PLC 1,115.0 -1.5%
Whitbread PLC 2,704.0 -1.4%
Severn Trent PLC 2,741.0 -1.4%
Kingfisher PLC 287.9 -1.4%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,596 1.2% 4.7%
DOW JONES INDUS. AVG 41,219 -0.2% 6.1%
DAX INDEX 23,345 1.1% 28.4%
NIKKEI 225 36,831 1.0% -5.2%
S&P/ASX 200 INDEX 8,151 -0.1% 6.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 58.21 1.89%
Brent Crude (ICE) USD/bbl. 61.36 1.88%
Gold Spot USD/t oz. 3,366 1.0%
Copper (Comex) USd/lb. 469 -0.1%

 

The UK 100 called to open +28 points this morning at 8,624.

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +28 points this morning at 8,624.  The UK 100 looks set to start the week on the front foot, having extended its now record breaking streak of winning sessions to 15 before the bank holiday.

The S&P fell Monday, ending a nine-day rally as investors monitored the latest developments on global trade.  The broad-market index shed 0.64% to close at 5,650.38, while the Nasdaq dipped 0.74% to end at 17,844.24. The Dow Jones dropped 98.60 points, or 0.24%, to settle at 41,218.83. The S&P came into the session riding a nine-day winning streak, its longest since 2004.  At its lows, the Dow fell as much as 253.99 points, while the S&P and Nasdaq lost around 1% each before curtailing their losses. Data released on Monday from the Institute for Supply Management reflected stronger-than-expected service sector activity in April, even as company executives reported rising concerns about tariffs.

Asia-Pacific markets mostly rose Tuesday as investors assessed trade developments between the U.S. and countries in the region, with focus also on Asian currencies that have been strengthening on the back of a declining dollar.  Mainland China’s CSI 300 index rose 0.95% while Hong Kong’s Hang Seng Index added 0.67%. China’s Caixin services purchasing managers’ index came in at a seven-month low of 50.7 in April, compared to 51.9 in the previous month.  Over in India, the benchmark Nifty 50 fell 0.15% while the BSE Sensex moved up 0.14% in early trade.  Australia’s S&P/ASX 200 benchmark was last seen flat.  Japanese and South Korean markets are closed for public holidays.

 

Company News & Broker Comments:

Company News:

 

Associated British Foods has confirmed that it is in talks about potentially selling its Allied Bakeries business. The FTSE 100 group made the statement in response to recent media speculation, adding that it is “in discussions” with Endless, the owner of bread brand Kingsmill, about a potential deal.

 

BP, Bloomberg reports Shell is evaluating a potential acquisition of BP but is waiting for further stock and oil price declines

 

Deliveroo has agreed to a £2.9 billion takeover by the US company DoorDash that will see a multi-million pound payout for its CEO and co-founder Will Shu.  Deliveroo shareholders will receive 180p in cash for each share, representing a 44% premium to the closing price of 125p on 4 April, the last business day prior to DoorDash going public with an open letter.

Reporting Today:

UK

 

International Workplace Group (IWG)

 

US

 

Ball Corp (BALL) PMO

Advanced Micro Devices (AMD) AMC

Arista Networks (ANET) AMC

Lemonade Inc (LMND) E

Lucid Group (LCID) AMC

Rivian Automotive (RIVN) AMC

Upstart Holdings (UPST) AMC

Super Micro Computer (SMCI) AMC

 

Reporting Tomorrow:

UK

 

Card Factory (CARD)

J D Wetherspoon (JDW)

Burford Capital Ltd (BUR)

Flutter Entertainment (FLTR)

Smiths News (SNWS)

 

US

 

Barrick Gold (GOLD) PMO

Fiverr International (FVRR) PMO

Novo Nordisk (NVO) PMO

Uber Technologies (UBER) PMO

Unity Software (U) PMO

The Walt Disney Co (DIS) PMO

AMC Entertainment (AMC) AMC

ARM Holdings (ARM) AMC

Occidental Petroleum (OXY) AMC

In Focus Today:

UK BRC Like-For-Like Retail Sales

Chinese Caixin Services PMI

German HCOB PMI

EU HCOB PMI

EU Producer Price Index

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 8th May 2025:

 

RELX

HSBC

UK 250 companies going ex-dividend on 8th May 2025:

 

Ibstock

Clarkson

Hochschild Mining

Barr (AG)

Petershill Partners

Playtech

 

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