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Morning Report - 8 July 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Smurfit Kappa Group PLC 3,656.0 3.5%
United Utilities Group PLC 1,025.0 3.5%
Vistry Group PLC 1,302.0 3.4%
Severn Trent PLC 2,504.0 3.1%
Fresnillo PLC 593.0 2.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
HSBC Holdings PLC 673.6 -2.6%
Whitbread PLC 2936.0 -2.5%
Intercontinental Hotels Group PLC 8062.0 -2.2%
Standard Chartered PLC 723.0 -2.2%
Smiths Group PLC 1700.0 -2.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,204 -0.5% 13.1%
DOW JONES INDUS. AVG 39,376 0.2% 16.7%
DAX INDEX 18,475 0.1% 18.4%
NIKKEI 225 40,781 -0.3% 25.9%
S&P/ASX 200 INDEX 7,763 -0.8% 10.2%


Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.69 -0.57%
Brent Crude (ICE) USD/bbl. 86.18 -0.42%
Gold Spot USD/t oz. 2,378 -0.6%
Copper (Comex) USd/lb. 460 -1.2%
The UK 100 called to open -19 points at 8,184.

4 Hours; 3 Months

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Markets Overview:

The UK 100 called to open -19 points at 8,184. The UK 100 looks set to open flat this morning as markets continue to digest last week’s general election result and how to navigate the new political landscape.  The S&P climbed to a new high on Friday, posting a record close as the latest jobs report reignited hopes for rate cuts from the Federal Reserve.  The broad market index advanced 0.54%, closing at 5,567.19, while the Nasdaq gained 0.90% to end at 18,352.76. Both indexes reached all-time highs during the session and ended at records, with the S&P 500 registering its 34th record close in 2024. The Dow Jones added 0.17%, or 67.87 points, ending at 39,375.87.



Company News & Broker Comments:

Company News:

Britvic has agreed to be taken over by Carlsberg for £3.3bn, after the Danish brewer sweetened their bid. This values Britvic at around 1315p per share.


Ocado and Aeon open third customer fulfilment centre in Japan which will go live in 2027.


Unite Group says they are confident in delivering 98-99% of occupancy for 2024/25 academic year. They expect rental growth of at least 7% for 2024/25 academic year as demand is strong from domestic and international students.



Broker Comments:

RBC Upgrades Melrose Industries to Outperform from Sector Perform (6 Buys / 2 Holds / 0 Sells)


UBS Downgrades GSK to Neutral from Buy (11 Buys / 7 Holds / 1 Sell)

Reporting Today:









Reporting Tomorrow:



Hunting PLC

Vistry Group PLC








In Focus Today:

German Trade Balance

Eurogroup Meeting

EU Sentix Investor Confidence

UK BRC Like-For-Like Retail Sales



This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 11th July 2024:





UK 250 companies going ex-dividend on 11th July 2024:


WH Smith

Oxford Instruments

CMC Markets

Global Smaller Companies Trust

Merchants Trust

Balanced Commercial Property Trust

Supermarket Income REIT


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