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Morning Report - 3 March 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
Weir Group PLC 2,430.0 6.3%
IMI PLC 2,002.0 5.8%
Persimmon PLC 1,205.0 4.7%
Rightmove PLC 671.0 4.3%
Haleon PLC 398.4 4.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
St. James’s Place PLC 1,058.0 -3.6%
Antofagasta PLC 1,733.5 -2.5%
Scottish Mortgage Investment Trust PLC 1,042.0 -2.2%
Land Securities Group PLC 564.5 -2.0%
Howden Joinery Group PLC 773.0 -1.8%

 

Major World Indices Price % Chg 1 YEAR
FTSE 100 INDEX 8,810 0.6% 14.7%
DOW JONES INDUS. AVG 43,841 1.4% 12.2%
DAX INDEX 22,551 0.0% 27.2%
NIKKEI 225 37,785 1.7% -5.3%
S&P/ASX 200 INDEX 8,246 0.9% 6.5%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 69.90 0.20%
Brent Crude (ICE) USD/bbl. 72.95 0.19%
Gold Spot USD/t oz. 2,865 0.2%
Copper (Comex) USd/lb. 455 0.1%
The UK 100 called to open +50 points at 8,859

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +50 points at 8,859.  Stocks in London are set to open higher on Monday, ahead of UK and US manufacturing PMI data scheduled for release today.

In Asia on Monday, the Nikkei 225 index in Tokyo was up 1.7%. In China, the Shanghai Composite was down 0.4%, while the Hang Seng index in Hong Kong was down 0.2%. The S&P/ASX 200 in Sydney closed up 0.9%.

Stocks managed to rise Friday to wrap up a volatile week and a losing month for the major averages.  Friday's trading session saw a brief pullback after President Donald Trump and Ukraine President Volodymyr Zelenskyy clashed in the Oval Office, which raised concerns about heightened geopolitical risks.  The S&P added 1.59% on Friday to close at 5,954.50. The Dow Jones rose 601.41 points, or 1.39%, closing at 43,840.91. The Nasdaq climbed 1.63% to settle at 18,847.28.

 

 

Company News & Broker Comments:

Company News:

Bunzl has reported a slight decline in revenue on a reported basis for 2024.  Revenue stood at £11.78bn ($14.91bn), a 0.2% decrease on a reported basis but up 3.1% at constant exchange rates.   Adjusted operating profit increased by 7.2% at constant exchange rates to £976.1m ($1.23bn), while statutory operating profit rose 1.3 per cent to £799.3m ($1.01bn).  Adjusted profit before income tax rose 6.2 per cent at constant exchange rates to £872.9m ($1.10bn).  However, statutory profit before income tax fell by 3.6% to £673.6m ($852.7m), primarily due to a currency translation loss from Bunzl’s disposal of its Argentina business.  Based on these figures, the company increased its annual dividend by 8.2% to 73.9p per share—the 32nd consecutive year of dividend growth.

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

UK

 

Bunzl (BNZL)

Senior (SNR)

 

US

 

None

 

Reporting Tomorrow:

UK

 

Ashtead (AHT)

Bakkavor Group (BAKK)

Beazley (BEZ)

Fresnillo (FRES)

Greggs (GRG)

International Workplace Group (IWG)

Intertek (ITRK)

Weir Group (WEIR)

 

US

 

CrowdStrike Holdings (CRWD) AMC

In Focus Today:

Chinese Caixin Manufacturing PMI

German HCOB Manufacturing PMI

EU Core Harmonized Index of Consumer Prices

US ISM Manufacturing Employment Index

US ISM Manufacturing New Orders Index

US ISM Manufacturing PMI

 

This Week's Ex-Dividends:

UK 100 companies going ex-dividend on 6th March 2025:

 

Rio Tinto

HSBC Holdings

LondonMetric Property

Berkeley Group Holdings

UK 250 companies going ex-dividend on 6th March 2025:

 

BBGI Global Infrastructure S.A.

Foresight Environmental Infrastructure

North Atlantic Smaller Companies Inv Tst

Energean

Assura

HICL Infrastructure

Dr. Martens

Temple Bar Investment Trust

JPMorgan Global Growth & Income

Genus

Renishaw

Personal Assets Trust

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