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Morning Report - 21 May 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
Babcock International 1,039.5 5.3%
Antofagasta 3,822.0 4.7%
Barclays 440.6 3.7%
Barratt Redrow 249.2 3.3%
Anglo American 3,767.0 3.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
Experian 2,600.0 -6.4%
Fresnillo 3,193.0 -4.2%
Compass Group 2,093.0 -3.8%
Endeavour Mining 4,370.0 -3.0%
Intermediate Capital Group 1,779.0 -2.9%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,432 1.0% 18.7%
DOW JONES INDUS. AVG 50,009 1.3% 17.2%
DAX INDEX 24,737 1.4% 2.6%
NIKKEI 225 61,684 3.1% 65.4%
S&P/ASX 200 INDEX 8,622 1.5% 2.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 107.77 0.82%
Brent Crude (ICE) USD/bbl. 106.18 1.10%
Gold Spot USD/t oz. 4,525 0.4%
Copper (Comex) USd/lb. 628 0.8%
The UK 100 is called to open -52 points at at 10,380.

4 Hours; 4 Months

Click graph to enlarge

Markets Overview:


The UK 100 is called to open -52 points at at 10,380. 
The UK 100 looks set to start lower on Thursday after a prosperous previous day on both sides of the Atlantic.  London’s blue-chip index has been called 52 points lower on the futures market, chipping away at the gain of almost 102 points made yesterday when it closed at 10,432.34.

There was a bigger bounce in New York overnight, with all three major indexes snapping a three-day losing streak as investors welcomed softer Treasury yields and a sharp drop in oil prices.  The tech-powered Nasdaq led the way, striding 1.5% higher, with the Dow Jones climbing 1.3% and the S&P 500 1.1%.

After the closing bell, Nvidia delivered another blockbuster quarter of earnings and $80 billion of buybacks, but saw its shares fall 1.3% in afterhours trade. with investors difficult to impress after the recent years of breakneck growth from the chip heavyweight.

Company News & Broker Comments:

 

Company News:

 

Autotrader unveiled plans on Thursday to return around £600 million ($806.2 million) to shareholders in fiscal 2027 after reporting a 4% rise in annual profit.

 

BT Group has posted record fibre build and connections as it declared that its transformation strategy was ahead of plan.  The company achieved its upgraded fibre build target, passing 4.8 million premises, and now reaches over two-thirds of UK homes and businesses.  Openreach saw 2.2 million net new fibre connections and EE’s 5G+ coverage expanded to 73% of the population.  The board proposes a final dividend of 5.87 pence per share up 2% from 5.76p, bringing the full year dividend to 8.32p.  It reiterated its guidance for sustained growth, projecting normalised free cash flow to reach approximately £2 billion in FY27 and £3bn by the end of the decade.  Reported revenue for the year to the end of March was £19.7bn, down 3%, while adjusted EBITDA remained flat at £8.2bn, with a reported profit before tax of £1.4bn, up 8%.

 

EasyJet posted a ​first-half loss of £552 million ($741.39 million) on Thursday, in line with the £540 million-£560 million it ​had warned of in April, ​as the Iran war continued to ⁠weigh on jet fuel ​costs and consumer bookings heading into ​the critical summer season.  The war has upended the global aviation industry, sending jet fuel ​prices soaring more than ​80% since late February and forcing airlines ‌to ⁠raise fares, slash capacity or face squeezed margins as the blockade of the Strait of Hormuz ​chokes off ​critical ⁠oil supplies.  The carrier said its second-half bookings were ​58% sold as customers ​booked ⁠vacations closer to home. Easyjet’s April-September bookings were 77% sold at ⁠the ​same point a ​year earlier.

Reporting Today:

 

UK

Autotrader Group (AUTO) – Full Year Results

BT Group (BT.A) – Full Year Results

ConvaTec Group (CTEC) – Trading Update

AJ Bell (AJB) – Interim Results

easyJet (EZJ) – Half Year Results

Sage Group (SGE) – Half Year Results

 

US

Deere & Co (DE) PMO

Walmart (WMT) PMO

Take-Two Interactive Software (TTWO)​​​​​​​ AMC

 

 

Reporting Tomorrow:

 

UK

None

 

US

None

 

 

In Focus Today:

 

EU HCOB PMI

UK S&P Global PMI

BoE’s Taylor speech

US Building Permits

US Housing Starts

US Initial Jobless Claims

Philadelphia Fed Manufacturing Survey

US S&P Global PMI

EU Consumer Confidence

 

Today’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 21st May 2026:

Whitbread

Bunzl

Imperial Brands

Shell

 

UK 250 companies going ex-dividend on 21st May 2026:

TBC Bank Group

Grainger

Bellway

Spire Healthcare Group

 

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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