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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| FRESNILLO PLC | 785.8 | 5.0% |
| UNITED UTILITIES GROUP PLC | 1,056.5 | 1.0% |
| PEARSON PLC | 746.6 | 0.8% |
| SEVERN TRENT PLC | 2,903.0 | 0.7% |
| BT GROUP PLC | 179.2 | 0.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| INTERCONTINENTAL HOTELS GROU | 4328.0 | -7.5% |
| SCOTTISH MORTGAGE INV TR PLC | 694.8 | -6.8% |
| WHITBREAD PLC | 2527.0 | -5.6% |
| ENTAIN PLC | 1333.5 | -5.3% |
| COMPASS GROUP PLC | 1658.5 | -4.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,185 | -1.8% | 1.5% |
| DOW JONES INDUS. AVG | 30,636 | -2.4% | -11.2% |
| DAX INDEX | 13,392 | -2.7% | -14.1% |
| NIKKEI 225 | 26,987 | -3.0% | -6.8% |
| S&P/ASX 200 INDEX | 6,932 | -1.3% | -5.2% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 118.43 | -1.86% |
| Brent Crude (ICE) | USD/bbl. | 119.86 | -1.76% |
| Gold Spot | USD/t oz. | 1,825 | -2.5% |
| Copper (Comex) | USd/lb. | 419 | -2.5% |
Click graph to enlarge
The UK 100 is called to open +55 points this morning at 7261. The UK 100 looks set to rebound this morning, as it ignores the dramatic fall on Wall Street from last night. This comes despite UK wage growth continued to grow by less than inflation in the three months to April, while the unemployment rate ticked up to 3.8%. Regular pay, excluding bonuses, grew 4.2%, the Office for National Statistics said, which was the same as a month earlier and higher than the 4% expected. Real wages fell by 2.2% on the year, if you adjust for inflation that is running at around 9%. On Wall Street, the Nasdaq plummeted almost 531 points or 4.5% to 10,809.23, getting on for 32% lower since the start of the year to its lowest level since October 2020. The S&P fell 3.9% and the Dow Jones 2.8%, both at their lowest since January last year. Asian markets followed US Markets this morning, The Shanghai Composite in China declined 0.49% while Hong Kong’s Hang Seng index fell 0.14%. Japan's Nikkei 225 slumped 1.43% and South Korea’s Kospi was trading 0.57% lower.
Ashtead Group posts a FY adjusted profit before tax of $1,284m, as FY revenue +19% and rental revenue +22%. They state that the new financial year has started well, and the business has clear momentum.
Crest Nicholson Holdings swings to a HY pretax loss of £52.5m (2021: £36.3m profit). They expect FY22 pretax profit to be in the range of £135-140m.
Entain acquires BetEnt BV from Sports Entertainment Media for an initial EUR300m.
FirstGroup signs a 3-year national rail contract for Great Western railway, earning a fixed management fee of £6.9m per year.
ITV buys a 79.5% stake in Plimsoll Productions, natural history programme maker paying £103.5m cash for the stake.
Bellway states upbeat home prices spurred by high demand levels will continue to offset cost pressures, brushing aside any slowdown concerns in the housing market. They expect its annual housing volumes to grow by 10% with a health order book in hand.
Berenberg Upgrades Wizz Air to Buy from Hold (6 Buys / 9 Holds / 4 Sells)
HSBC Upgrades Wizz Air to Hold from Reduce (6 Buys / 9 Holds / 4 Sells)
RBC Upgrades Close Brothers to Outperform from Sector Perform (5 Buys / 7 Holds / 0 Sells)
UBS Downgrades AstraZeneca to Neutral from Buy (16 Buys / 3 Holds / 0 Sells)
Ashtead Group
Bellway
Crest Nicholson Holdings
Discoverie Group
Oxford Instruments
Paragon Banking
Whitbread
Japanese Industrial Production
UK Claimant Count Change
UK ILO Unemployment Rate
German Harmonized Index of Consumer Prices
EU ZEW Survey – Economic Sentiment
German ZEW Survey – Economic Sentiment
US Producer Price Index ex Food & Energy
FTSE 100:
Persimmon
Intermediate Capital Group
3i Group
Land Securities Group
RS Group
FTSE 250:
TBC Bank Group
Ferrexpo
Pets At Home Group
Fidelity China Special Situations
3i Infrastructure
JTC
XP Power
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