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Morning Report - 4 March 2025

Yesterday’s UK 100 Leaders Price (p) % Chg
BAE Systems PLC 1,611.5 14.6%
Rolls-Royce Holdings PLC 776.8 4.4%
Rightmove PLC 699.2 4.2%
St. James’s Place PLC 1,101.0 4.1%
IMI PLC 2,074.0 3.6%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Bunzl PLC 3,072.0 -8.8%
Severn Trent PLC 2,435.0 -2.7%
BT Group PLC 156.3 -2.2%
International Consolidated Airlines Group S.A. 345.2 -2.0%
Sainsbury (J) PLC 253.4 -2.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,871 0.7% 16.1%
DOW JONES INDUS. AVG 43,191 -1.5% 10.8%
DAX INDEX 23,147 2.6% 30.7%
NIKKEI 225 37,331 -1.2% -6.9%
S&P/ASX 200 INDEX 8,198 -0.6% 6.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 67.81 -0.82%
Brent Crude (ICE) USD/bbl. 70.87 -1.05%
Gold Spot USD/t oz. 2,900 0.2%
Copper (Comex) USd/lb. 456 -1.0%

 

The UK 100 called to open -38 points at 8,833

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -38 points at 8,833.  The UK 100 looks set to fall back from its record high as markets react to the confirmation of US tariffs on goods from Canada and Mexico.

In Asia, the Nikkei lost more than 1%, while the Hang Seng index in Hong Kong recovered from a weak start to trade near its opening mark.

The S&P retreated on Monday, extending February’s rout and turning red for the year after President Donald Trump’s confirmation of forthcoming tariffs.  The broad index fell 1.76% to end at 5,849.72, marking its worst day since December and bringing its year-to-date performance to a loss of about 0.5%. The Dow Jones dropped 649.67 points, or 1.48%, to finish at 43,191.24. The Nasdaq slid 2.64% to close at 18,350.19, weighed down by Nvidia’s decline of more than 8%.

 

 

Company News & Broker Comments:

Company News:

Ashtead, opens new tab missed third-quarter pretax profit and revenue expectations on Tuesday, pressured by weakness in the U.S. construction sector, which had led to a profit warning last December.  The company, which plans to move its primary listing to the United States, maintained its full-year outlook on Tuesday, citing confidence in underlying demand and possible recovery from stabilising interest rates.

 

Fresnillo reported a strong financial performance for 2024, driven by higher precious metal prices and operational efficiencies. The company achieved a 26.9% increase in adjusted revenue to $3.64 billion and more than doubled its EBITDA to $1.55 billion. Despite a decrease in profit for the year, Fresnillo maintained a robust financial position, returning a total of $547.5 million to shareholders through dividends.

 

Greggs today revealed £2 billion of annual sales for the first time.  The 11.3% increase for 2024 led to an all-time high for profits, with the surplus of £203.9 million up 8.3% on a year earlier.  A record 226 new shop openings in 2024, alongside 28 closures and 53 relocations, grew the estate to 2618 outlets by the end of the year.  Turnover for the year to 28 December was up 11.3% from £1.81 billion to £2.01 billion with like for like sales 5.5% higher.

 

Broker Comments:

No New Broker Comments

 

 

Reporting Today:

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

 

Reporting Tomorrow:

UK

 

Breedon Group (BREE)

Dowlais Group (DWL)

Hiscox (HSX)*

Ibstock (IBST)

Quilter (QLT)

 

US

 

MongoDB (MDB) AMC

Zscaler (ZS) AMC

In Focus Today:

EU Unemployment Rate

Fed's Barkin speech

Fed's Williams speech

 

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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