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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| FLUTTER ENTERTAINMENT PLC-DI | 8,716.0 | 5.1% |
| INTERTEK GROUP PLC | 5,078.0 | 1.5% |
| DCC PLC | 6,246.0 | 1.3% |
| AVEVA GROUP PLC | 2,187.0 | 1.1% |
| CRODA INTERNATIONAL PLC | 7,504.0 | 0.9% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| KINGFISHER PLC | 241.6 | -5.0% |
| JD SPORTS FASHION PLC | 128.5 | -4.7% |
| DECHRA PHARMACEUTICALS PLC | 3364.0 | -4.6% |
| AVAST PLC | 508.4 | -4.4% |
| INTERMEDIATE CAPITAL GROUP | 1464.0 | -3.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,493 | -0.9% | 6.5% |
| DOW JONES INDUS. AVG | 34,061 | 2.8% | -0.5% |
| DAX INDEX | 13,971 | -0.5% | -7.9% |
| NIKKEI 225 | 26,819 | -0.1% | -6.9% |
| S&P/ASX 200 INDEX | 7,365 | 0.8% | 3.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 108.66 | 0.79% |
| Brent Crude (ICE) | USD/bbl. | 111.15 | 0.92% |
| Gold Spot | USD/t oz. | 1,900 | 1.0% |
| Copper (Comex) | USd/lb. | 441 | 1.6% |
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The UK 100 is called to open +95 points this morning at 7588. The UK’s blue-chip index looks set to open higher this morning after US markets soared on the back of comments from Fed chair Jerome Powell, As expected, the Fed raised US interest rates by 0.5% and also said it will start shrinking its balance sheet initially by $47bn a month from 1 June but rising to $95bn a month by September. This saw The Dow Jones rise by 932.27 points, or 2.81%, to close at 34,061.06. The S&P gained 2.99% to 4,300.17. The tech-heavy Nasdaq jumped 3.19% to 12,964.86. It was the biggest gain since 2020 for both the S&P 500 and the Dow. Focus will now turn today to the Bank of England’s interest rate decision at midday, where it is widely expected that interest rates will rise to 1%, the highest level in the UK for 13 years.
BAE Systems says Q1 was in line with expectations amid strong order intake. They state that 2022 guidance is unchanged, and EBIT & EPS are to be up 4-6%.
Barratt Developments became the latest company to reiterate robust demand in an undersupplied housing market, dispelling inflation-led slowdown concerns. Their total forward sales were £4.38bn as of May 1st, compared with £3.7bn a year earlier when the sector was ably supported by several government measures.
Hikma Pharmaceuticals expects Generics revenue to be between $710-750m.
Next has maintained its guidance for FY profit after reporting a 21.3% rise in Q1 full price sales that was driven by a very weak comparative in 2021 when its stores were closed in a COVID-19 lockdown. They kept guidance for 2022-23 profit before tax of £850m, a 3.3% increase on 2021-22.
Shell reported a profit of $9.13bn in Q1, its highest ever, boosted by higher oil and gas prices and a strong performance at its trading division. Q1 earnings rose 43% from the previous quarter to $9.13bn, above average analyst forecast of $8.67bn.
Virgin Money reported a 58% rise in H1 pretax profit, supported by "record credit card sales" and boost in credit card spending as easing COVID-19 curbs lifted consumer and business confidence. Underlying profit before tax came in at £388m for the six months ended March 31st, up from £245m a year earlier.
HSBC Upgrades Ocado to Hold from Reduce (8 Buys / 6 Holds / 2 Sells)
Derwent London
Domino's Pizza Group
Helios Towers
IMI
Melrose Industries
Mondi
Morgan Sindall
Next
Rathbone Brothers
Shell
Trainline
Virgin Money
Beazley
InterContinental Hotels
International Consolidated Airlines
Chinese Caixin Services PMI
OPEC Meeting
BoE Interest Rate Decision
Bank of England Minutes
Bank of England Monetary Policy Report
BoE's Governor Bailey speech
US Initial Jobless Claims
FTSE 100:
Admiral Group
Croda International
FTSE 250:
Hiscox
Hochschild Mining
GCP Infrastructure Investments
Edinburgh Investment Trust
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