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| Yesterday’s UK 100 Leaders | Close (p) | Chg (p) | % Chg | % YTD |
| Kingfisher | 214.3 | 8.5 | 4.1 | 3.3 |
| Ocado | 1165.5 | 29.5 | 2.6 | 47.5 |
| TUI | 755.6 | 17.4 | 2.4 | -32.9 |
| Vodafone | 128.66 | 2.9 | 2.3 | -15.9 |
| ITV | 107.1 | 2.4 | 2.3 | -14.2 |
| Yesterday’s UK 100 Laggards | Close (p) | Chg (p) | % Chg | % YTD |
| Glencore | 263.9 | -14 | -4.9 | -9.4 |
| Rightmove | 535.2 | -18.8 | -3.4 | 23.8 |
| Auto Trader | 548 | -18 | -3.2 | 20.5 |
| Croda | 5150 | -135 | -2.6 | 7.3 |
| British Land | 526 | -11.4 | -2.1 | -1.4 |
| Major World Indices | Mid/Close | Chg | % Chg | % YTD |
| UK UK 100 | 7,402.3 | -14.1 | -0.2 | 10.0 |
| UK | 19,314.5 | 54.1 | 0.3 | 10.4 |
| FR CAC 40 | 5,493.6 | -7.1 | -0.1 | 16.1 |
| DE DAX 30 | 12,271.0 | 25.7 | 0.2 | 16.2 |
| US DJ Industrial Average 30 | 26,526.5 | -10.3 | 0.0 | 13.7 |
| US Nasdaq Composite | 7,967.8 | 57.8 | 0.7 | 20.1 |
| US S&P 500 | 2,924.9 | 11.1 | 0.4 | 16.7 |
| JP Nikkei 225 | 21,275.9 | -62.3 | -0.3 | 6.3 |
| HK Hang Seng Index 50 | 28,442.2 | -179.2 | -0.6 | 10.0 |
| AU S&P/ASX 200 | 6,618.8 | -47.5 | -0.7 | 17.2 |
| Commodities & FX | Mid/Close | Chg | % Chg | % YTD |
| Crude Oil, West Texas Int. ($/barrel) | 59.07 | -0.3 | -0.5 | 30.0 |
| Crude Oil, Brent ($/barrel) | 65.30 | -0.3 | -0.5 | 20.6 |
| Gold ($/oz) | 1415.66 | 9.9 | 0.7 | 10.4 |
| Silver ($/oz) | 15.26 | -0.1 | -0.9 | -1.4 |
| GBP/USD – US$ per £ | 1.2671 | – | -0.02 | -0.6 |
| EUR/USD – US$ per € | 1.1363 | – | -0.08 | -0.9 |
| GBP/EUR – € per £ | 1.1152 | – | 0.06 | 0.3 |
UK Index called flat at 7400. G20 meeting jitters has caused traders to assess their positions ahead of the US-China presidential meeting on Saturday that could determine the next chapter in the trade war saga. Gold trades 6 year highs as prices hold above $1,400 an ounce, global markets pricing in a US interest rate cut in July.
Merlin Ent accepts 445p/share £4.77B bid from Kirkbi (Lego, Blackstone) which already owns 29.58%; represents 36.8 % prem to undisturbed closing price of 333p on 22 May 2019 before letter to board about taking it private; 31% premium to 6-month VWAP 15% premium to yesterday’s close.
Glencore says partially owned Congo mine collapse kills at least 19 who were mining illegally.
Orange said late Thursday that it will sell its remaining 2.5% stake in BT.
Bank of Ireland to sell Post Office, AA and branded consumer credit cards for £530m.
US Federal Reserve approves big Banks to boost payouts to investors; singles out Credit Suisse for weaknesses in capital planning process.
McCarthy & Stone pleased that MHCLG confirmed retirement community sector will be given exemption and permitted to charge economic ground rent after they are reduced to zero elsewhere.
John Laing full year outlook unchanged; Realisations on track to reach circa £1B between 2019-2021, in line with 3yr guidance.
PayPoint confirms unable to agree renewal terms for multi-year contract with British Gas; ends FY19; Impact on net revenue of £1.4m in FY20, £3.5m in FY21.
Unite Group confirms talks to buy Liberty Living Group (NAV £1.4B), in response to media reports.
Data: UK GDP (9.30 am; GBP, UK Index ), Eurozone Inflation (10am; EUR, DAX), US Income & Spending (13.30; USD, Dow).
Meetings: G20 of leaders in Osaka, Japan. Today and this weekend.
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Prepared by Michael van Dulken, Head of Research