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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| NATIONAL GRID PLC | 1,211.0 | 3.6% |
| SSE PLC | 1,797.0 | 3.5% |
| UNITED UTILITIES GROUP PLC | 1,166.0 | 3.5% |
| CRODA INTERNATIONAL PLC | 8,028.0 | 3.4% |
| GLAXOSMITHKLINE PLC | 1,703.8 | 3.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| AIRTEL AFRICA PLC | 138.3 | -4.0% |
| MELROSE INDUSTRIES PLC | 123.0 | -3.3% |
| ENDEAVOUR MINING PLC | 1900.0 | -3.1% |
| SMITHS GROUP PLC | 1389.0 | -3.0% |
| CRH PLC | 2980.0 | -2.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,614 | 0.7% | 11.6% |
| DOW JONES INDUS. AVG | 34,641 | -0.8% | 3.3% |
| DAX INDEX | 14,424 | -0.7% | -4.5% |
| NIKKEI 225 | 27,350 | -1.6% | -7.9% |
| S&P/ASX 200 INDEX | 7,490 | -0.5% | 8.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 102.19 | 0.23% |
| Brent Crude (ICE) | USD/bbl. | 107.12 | 0.45% |
| Gold Spot | USD/t oz. | 1,919 | -0.2% |
| Copper (Comex) | USd/lb. | 476 | -0.8% |
Click graph to enlarge
The UK 100 is called to open -17 points at 7596. The UK 100 looks set to open lower this morning after surprise comments yesterday, in which two Fed members suggested that the Fed could start the process of reducing the size of the balance sheet at the same time as raising rates next month. Focus now will likely be on the Federal Reserve’s meeting minutes later today for more insight. Yesterday saw The Dow Jones down 280 points or 0.8% at 34,641 whilst the S&P was lower still, giving up 1.26% to close at 4,525. At the same time, the Nasdaq was down 2.26% at 14,204 and the small-cap Russell 2000 index lost 2.36% to 2,046. In Asia this morning, Japan’s Nikkei slid 1.49% to 27,373 whilst Hong Kong’s Hang Seng was 1.3% lower at 22,210. The Shanghai Composite dipped only slightly, to 3,282.
GlaxoSmithKline: The U.S. health regulator has said that GSK & Vir Biotechnology's antibody therapy was no longer authorized as a COVID-19 treatment, with data suggesting it was unlikely to be effective against the dominant Omicron sub-variant in the country.
Hilton Food proposes the appointment of Matt Osborne as CFO from 24th May to replace Nigel Majewski who is stepping down. They report a FY pretax profit of £47.4m, down 12% YoY.
Imperial Brands reports that they are making good progress in delivering their strategic objectives, as FY outlook is in line with revised guidance issued on 15th March.
Lookers report a 2021 pretax profit of £90m (2020: £1.5m profit).
Redrow says an additional provision of £164m is required under the building safety pledge as previous provision was for £36m.
Berenberg Downgrades Polymetal to Hold from Buy (5 Buys / 1 Hold / 0 Sells)
Berenberg Upgrades Hochschild Mining to Buy from Hold (2 Buys / 4 Holds / 0 Sells)
None
Entain
Hilton Food Group*
Chinese Caixin Services PMI
German Factory Orders
FOMC Minutes
FTSE 100:
Abrdn
Aviva
Lloyds Banking Group
Mondi
Smurfit Kappa Group
Barratt Developments
Howden Joinery Group
Smith (DS)
Smiths Group
Rentokil Initial
Melrose Industries
FTSE 250:
Direct Line Insurance Group
Savills
Vistry Group
TP ICAP Group
Quilter
Man Group
Grafton Group
International Public Partnerships
Domino's Pizza Group
Harbour Energy
Murray International Trust
Rotork
VinaCapital Vietnam Opportunity Fund
IMI
F&C Investment Trust
Softcat
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