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Morning Report - 21 February 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Centrica PLC 143.7 5.7%
Lloyds Banking Group PLC 66.1 5.3%
Anglo American PLC 2,464.5 4.0%
Endeavour Mining PLC 1,807.0 3.8%
Taylor Wimpey PLC 115.1 1.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
BAE Systems PLC 1,293.5 -3.8%
Rolls-Royce Holdings PLC 623.8 -2.9%
BP PLC 452.0 -2.5%
Rentokil Initial PLC 406.6 -2.3%
Barclays PLC 299.3 -2.2%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,663 -0.6% 12.2%
DOW JONES INDUS. AVG 44,107 -1.2% 14.2%
DAX INDEX 22,315 -0.5% 30.7%
NIKKEI 225 38,678 -1.2% 0.8%
S&P/ASX 200 INDEX 8,323 -1.1% 9.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 72.57 0.44%
Brent Crude (ICE) USD/bbl. 76.48 0.58%
Gold Spot USD/t oz. 2,937 0.1%
Copper (Comex) USd/lb. 466 1.0%

 

The UK 100 called to open -13 points at 8,649.

1 Day; 9 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -13 points at 8,649. The UK 100 looks set to start the final session of the week on the back foot, after retail sales volumes staged a bigger-than-expected rebound in January, figures from the Office for National Statistics showed today.  The month-on-month growth rate of 1.7% compared with the downwardly revised figure of 0.6% in December and City forecasts of about 0.3%.

Stocks retreated Stateside yesterday following two days of all-time highs for the S&P 500 as investors dumped some popular names in the wake of a lackluster forecast from retail giant Walmart that prompted questions about the outlook of the economy.  The Dow Jones lost 450.94 points, or 1.01%, to end at 44,176.65. The S&P shed 0.43% and closed at 6,117.52, and the Nasdaq dipped 0.47% and closed at 19,962.36.  Dow member Walmart dropped 6.5% after the company said it expects fiscal-year sales to grow between 3% and 4%. The company’s fiscal 2026 earnings outlook, meanwhile, was below analysts’ expectations. The weak guidance overshadowed fiscal fourth-quarter earnings that topped estimates

 

Company News & Broker Comments:

Company News:

Standard Chartered announced a new $1.5 billion share buyback after reporting its annual profit rose 18% on the back of record growth in its wealth business and a strong performance of its markets division.  The Asia, Africa and Middle East-focused bank is doubling down on its mainstay wealth management and markets business, even as an uncertain global growth outlook and a divergent interest rate policy are expected to cast a cloud over Western banks in the near term.  The London-based lender reported on Friday pretax profit for 2024 of $6 billion, up from $5.1 billion the year before and slightly below the $6.2 billion average of analysts' forecasts as compiled by the bank.  They said it acquired 265,000 new wealthy clients in 2024, who in total brought in $44 billion of new money, which is 61% higher than a year earlier.  It also announced on Friday a final dividend of 28 cents per share.

 

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

Hargreaves Lansdown (HL.)

Standard Chartered (STAN)

 

US

 

None

 

Reporting Tomorrow:

UK

 

None

 

US

 

Riot Platforms (RIOT) AMC

Zoom Communications (ZM) AMC

In Focus Today:

UK GfK Consumer Confidence

UK Retail Sales

German HCOB Composite PMI

German HCOB Manufacturing PMI

German HCOB Services PMI

EU HCOB Composite PMI

EU HCOB Manufacturing PMI

EU COB Services PMI

UK S&P Global/CIPS Composite PMI

UK S&P Global/CIPS Manufacturing PMI

UK S&P Global/CIPS Services PMI

US S&P Global Composite PMI

US S&P Global Manufacturing PMI

US S&P Global Services PMI

Michigan Consumer Sentiment Index

 

Next Week's Ex-Dividends:

UK 100 companies going ex-dividend on 27th February 2025:

 

Barclays

Diageo

Unilever

Alliance Witan

UK 250 companies going ex-dividend on 27th February 2025:

 

Plus500

Ashmore Group

BlackRock Throgmorton Trust

Diversified Energy Company

PayPoint

Hays

Scottish American Investment Company

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