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Morning Report - 7 May 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Fresnillo 3,462.0 11.1%
Endeavour Mining 4,678.0 9.2%
Prudential 1,184.0 7.4%
Anglo American 3,827.5 7.4%
Antofagasta 3,818.5 7.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
BP 551.3 -3.7%
Smith & Nephew 1,117.5 -3.6%
Shell 3,211.5 -3.1%
London Stock Exchange Group 9,340.0 -2.5%
Sage Group 886.6 -2.4%
Major World Indices Price % Chg 1 Year, not sorted
UK 100 INDEX 10,439 2.2% 21.4%
DOW JONES INDUS. AVG 49,911 1.2% 22.2%
DAX INDEX 24,919 2.1% 7.2%
NIKKEI 225 59,513 0.4% 61.8%
S&P/ASX 200 INDEX 8,794 1.3% 7.5%
Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 95.08 7.03%
Brent Crude (ICE) USD/bbl. 101.87 7.28%
Gold Spot USD/t oz. 4,693 0.0%
Copper (Comex) USd/lb. 619 3.2%
The UK 100 is called to open +10 points at at 10,458

4 Hours; 4 Months

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Markets Overview:


The UK 100 is called to open +10 points at at 10,458.  
The index looks to hold gains following a 2.2% surge driven by geopolitical optimism. Today the spotlight falls on local elections, with analysts warning that the results could trigger significant leadership challenges within the opposition. This potential for internal party upheaval is adding a fresh layer of political uncertainty to the markets.

Stocks rose Stateside on Wednesday following a report that the U.S. and Iran were nearing an agreement to end the war. The S&P advanced 1.46% to 7,365.12, while the Nasdaq gained 2.02% and ended at 25,838.94. Both indexes touched new highs and closed at records. The Dow Jones added 612.34 points, or 1.24%, to close at 49,910.59.

 

Company News & Broker Comments:

 

Company News:

 

Shell significantly outperformed expectations, posting adjusted earnings of $6.92 billion, beating the $6.36 billion consensus. The growth was driven by higher energy prices, better refining margins, and a reduction in operating costs (down to $8.6 billion). Despite the profit jump, the company has slightly trimmed its quarterly share buyback from $3.5 billion to $3 billion.

Next outperformed expectations with Q1 full-price sales up 6.2%, beating its own 4% forecast. Strong early-year performance has led the company to nudge its full-year profit guidance up by £8 million to £1.218 billion.

FanDuel owner Flutter Entertainment posted a 17% jump in revenue, bolstered by strong iGaming growth and M&A activity, despite the impact of closing its Indian operations.

 

 

Reporting Today:

 

UK

Balfour Beatty (BBY) – Trading Update

Coca-Cola HBC AG (CCH) – Q1 2026 Trading Report

Harbour Energy (HBR) – Trading & Operations Update

InterContinental Hotels Group (IHG) – Q1 Trading Update

Metlen Energy & Metals (MTLN) – Q1 Trading Update

S4 Capital (SFOR) – Q1 2026 Sales and Revenue Release

Shell (SHEL) – Q1 2026 Results

JD Sports Fashion (JD.) – Full Year Results

 

US

McDonald’s (MCD)​​​​​​​ PMO

Unity Software (U) PMO

Viatris (VTRS) PMO

Airbnb (ABNB)​​​​​​​ AMC

Block Inc (XYZ)​​​​​​​​​​​​​​ AMC

Cloudflare (NET)​​​​​​​​​​​​​​ AMC

Coinbase (COIN) AMC

CoreWeave (CRWV)​​​​​​​​​​​​​​ AMC

Gilead Sciences (GILD) AMC

IREN Ltd (IREN)​​​​​​​​​​​​​​ AMC

Rocket Lab (RKLB)​​​​​​​​​​​​​​ AMC

The Trade Desk (TTD) AMC

Wheaton Precious Metals (WPM)​​​​​​​​​​​​​​ AMC

 

 

Reporting Tomorrow:

 

UK

International Consolidated Airlines Group SA (IAG) – Q1 2026 Results

Airtel Africa (AAF) – Full Year Results

 

US

Anglogold Ashanti (AU)​​​​​​​ PMO

 

 

In Focus Today:

 

Chinese RatingDog Services PMI

EU HCOB Composite PMI

EU Producer Price Index

US ADP Employment Change

Fed’s Musalem speech

Fed’s Goolsbee speech

 

Today’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 7th May 2026:

Admiral Group

RELX

Glencore

 

UK 250 companies going ex-dividend on 7th May 2026:

ME Group International

Inchcape

Barr (A.G.)

Coats Group

Clarkson

Ibstock

Wetherspoon (JD)

Hochschild Mining

 

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