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Morning Report - 8 May 2026

Yesterday’s UK 100 Leaders Price (p) % Chg
JD Sports Fashion 74.6 9.6%
Fresnillo 3,672.5 6.1%
Endeavour Mining 4,919.5 5.2%
Auto Trader Group 524.6 4.8%
Hiscox 1,614.0 4.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
RELX 2,462.0 -5.5%
Admiral Group 3,165.0 -5.4%
HSBC Holdings 1,286.4 -5.4%
Centrica 198.7 -5.2%
BAE Systems 1,991.8 -4.7%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 10,277 1.6% 20.5%
DOW JONES INDUS. AVG 49,597 0.6% 19.9%
DAX INDEX 24,664 1.0% 5.6%
NIKKEI 225 62,615 0.4% 69.6%
S&P/ASX 200 INDEX 8,744 1.5% 6.8%

 

Commodity Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 94.83 0.02%
Brent Crude (ICE) USD/bbl. 100.31 0.25%
Gold Spot USD/t oz. 4,728 0.9%
Copper (Comex) USd/lb. 629 1.8%

 

The UK 100 is called to open -80 points at at 10,196.

4 Hours; 4 Months

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Markets Overview:


The UK 100 is called to open -80 points at at 10,196. 
The UK 100 looks set for a sharp fall at the open as the price of oil responds to an exchange of fire between the US and Iran, despite a ceasefire between the two sides.  London’s blue-chip index is expected to open around 80 points lower after toppling 161 points to 10,276 in Thursday’s session.

The S&P fell on Thursday after hitting a new all-time intraday high as oil prices came back from sizable losses, with traders eyeing more developments between the U.S. and Iran.  The broad market index fell 0.38% to close at 7,337.11, dragged lower by losses in Amazon as well as semiconductor stocks such as Broadcom and Micron Technology. The Nasdaq slid 0.13% and ended at 25,806.20. The tech-heavy index had also scored a fresh all-time high during the session. The Dow Jones shed 313.62 points, or 0.63%, settling at 49,596.97.  Oil prices came off their session lows after trading meaningfully below $100 earlier in the session. U.S. West Texas Intermediate crude futures settled down 0.28% at $94.81 per barrel, while international Brent crude futures fell 1.19%, closing at $100.06 a barrel.

Asian stocks retreated and oil prices rose on Friday as the fragile ceasefire with Iran was strained by missile and drone attacks that prompted U.S. retaliatory strikes on Iranian military facilities.  Tokyo’s Nikkei 225 fell 1.1% to 62,174.12 after closing the day before at a record high of 62,833.84. It also briefly crossed the 63,000 mark for the first time during Thursday trading. SoftBank Group, one of Japan’s largest stocks, lost more than 5%.  Elsewhere in Asia, South Korea’s Kospi fell 1.1% to 7,409.63. Hong Kong’s Hang Seng dropped 1.3% to 26,289.50. The Shanghai Composite index shed 0.3% to 4,167.56. Australia’s S&P/ASX 200 lost 1.7% to 8,729.40.  Taiwan’s Taiex was 0.5% lower. India’s Sensex declined 0.6%.

 

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

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

Airtel Africa (AAF) – Full Year Results

 

US

Anglogold Ashanti (AU)​​​​​​​ PMO

 

 

Reporting Tomorrow:

 

UK

Compass Group (CPG)

 

US

Barrick Mining (B) PMO

AST SpaceMobile Inc (ASTS) AMC

 

 

In Focus Today:

 

US Average Hourly Earnings

US Labor Force Participation Rate

US Nonfarm Payrolls

US Unemployment Rate

 

Next Week’s Ex-Dividends:

 

UK 100 companies going ex-dividend on 14th May 2026:

Pershing Square Holdings

Coca-Cola HBC AG

Tesco

BP

GSK

Unilever

HSBC Holdings

 

UK 250 companies going ex-dividend on 14th May 2026:

Morgan Sindall Group

PageGroup

Lancashire Holdings

Balfour Beatty

Greencoat Wind

 

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