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AI Daily 4 entries
LONDON MARKET MIDDAY: FTSE 100 retreats as oil climbs higher
- Stock prices in London were lower at midday on Thursday due to rising oil prices and inflation fears driven by the Middle East conflict.
- FTSE 100 down 0.7%, FTSE 250 down 1.0%, and AIM all-share down 0.6%.
- European equities mixed: CAC 40 up 0.2%, DAX 40 down 0.5%.
- Sterling weaker against USD but stronger against EUR.
- Brent oil trading higher at USD102.90 per barrel, reigniting inflation concerns.
- UK private sector regained growth momentum in April, with flash PMI composite output index at 52.0.
- US stocks called lower; Dow Jones, S&P 500, and Nasdaq all expected to decline.
- London Stock Exchange Group shares up 1.6% after strong Q1 performance and raised annual guidance.
- Relx shares down 2.5% despite positive start to 2026 and full-year growth guidance.
- Domino's Pizza Group shares jumped 9.1% on strong Q1 performance and full-year outlook.
- Man Group shares down 5.4% due to unexpected net outflows, including a USD6.1 billion redemption by a single client.
- Mirriad Advertising shares sank 80% amid potential liquidation or administration due to financial challenges.
- Gold prices lower at USD4,699.40 per ounce.
LONDON BROKER RATINGS: Jefferies raises Croda International to 'buy'
- Citigroup cuts Reckitt Benckiser price target to 6,200 (7,000) pence - 'buy'
- Barclays cuts Reckitt Benckiser price target to 6,000 (6,300) pence - 'overweight'
- Goldman Sachs cuts Reckitt Benckiser price target to 5,600 (6,000) pence - 'neutral'
- Goldman Sachs raises London Stock Exchange price target to 13,070 (13,010) pence - 'buy'
- Citigroup raises Barclays price target to 450 (425) pence - 'neutral'
- Barclays raises HSBC price target to 1,500 (1,400) pence - 'overweight'
- Jefferies raises Standard Chartered price target to 2,250 (1,640) pence - 'buy'
- Barclays raises Standard Chartered price target to 1,950 (1,900) pence - 'equal-weight'
- Barclays raises Airtel Africa price target to 375 (360) pence - 'overweight'
- Citigroup raises Antofagasta price target to 4,300 (4,000) pence - 'buy'
- Jefferies raises Croda International to 'buy' (hold) - price target 3,500 (3,000) pence
- UBS cuts Associated British Foods price target to 2,050 (2,240) pence - 'neutral'
- Berenberg cuts Autotrader price target to 580 (665) pence - 'hold'
- Berenberg cuts Rightmove price target to 575 (785) pence - 'buy'
- Kepler Cheuvreux raises BP price target to 600 (445) pence - 'hold'
- Goldman Sachs raises Quilter price target to 205 (200) pence - 'neutral'
- Citigroup raises Quilter price target to 195 (190) pence - 'neutral'
- Barclays cuts GB Group price target to 310 (320) pence - 'overweight'
- Berenberg cuts GB Group price target to 290 (340) pence - 'buy'
- Berenberg cuts Baltic Classifieds price target to 270 (335) pence - 'buy'
- Barclays starts RIT Capital Partners with 'overweight' - price target 2,660 pence
- Goldman Sachs raises Aberdeen Group price target to 250 (240) pence - 'buy'
- Deutsche Bank Research raises Aberdeen Group price target to 235 (225) pence - 'buy'
- UBS raises Aberdeen Group price target to 186 (180) pence - 'sell'
- Barclays starts Caledonia Investments with 'overweight' - price target 420 pence
- Goldman Sachs raises Man Group price target to 345 (340) pence - 'buy'
- Goldman Sachs raises AJ Bell price target to 555 (495) pence - 'neutral'
- JPMorgan cuts WH Smith price target to 700 (730) pence - 'overweight'
- UBS cuts Inchcape price target to 990 (1,050) pence - 'buy'
- Jefferies cuts Kerry price target to 84 (101) EUR - 'buy'
- Goldman Sachs cuts Flutter Entertainment price target to 14,700 (15,350) pence - 'buy'
- Deutsche Bank Research raises Liontrust Asset Management price target to 185 (160) pence - 'sell'
LONDON MARKET OPEN: FTSE 100 falls as Sainsbury's warns of war impacts
- London stock prices opened lower on 23rd Apr 2026, with FTSE 100 down 0.4%, FTSE 250 down 0.6%, and AIM all-share down 0.3%.
- Oil prices climbed due to Middle East uncertainty, with Brent oil at USD102.69 per barrel, boosting shares in Shell (up 0.7%) and BP (up 0.4%).
- Iran refused to reopen the Strait of Hormuz due to US naval blockade, escalating tensions.
- UK public sector borrowing fell to GBP12.61 billion in March 2026, the lowest since 2022, but higher than market consensus.
- Sainsbury's shares dropped 5.3% after reporting lower-than-expected underlying pretax profit and warning of Middle East conflict impact.
- WH Smith shares plunged 11% after reporting wider losses, suspending dividends, and lowering profit guidance due to Middle East conflict.
- RWS shares surged 15% on strong revenue growth and improved profit expectations.
- Gold prices dipped to USD4,717.50 per ounce, while US Treasury yields rose slightly.
- Upcoming economic data includes UK flash composite PMI and US weekly jobless claims.
LONDON MARKET EARLY CALL: FTSE 100 to fall as oil up amid uncertainty
- London stocks expected to open lower on Thursday due to Middle East uncertainty and upcoming PMI data.
- FTSE 100 futures down 0.4% at 10,431.16; closed 0.2% lower at 10,476.46 on Wednesday.
- Sterling slightly weaker at USD1.3491; euro stable at EUR1.1527.
- Iran refuses to reopen Strait of Hormuz amid US naval blockade; seized two container ships.
- Brent oil rises to USD103.10/barrel; US-Iran talks may resume within three days.
- UK consumer confidence remains negative in April; personal finance expectations at record low.
- US markets closed higher on Wednesday; Asian markets down on Thursday.
- Tesla reports strong Q1 earnings, beating estimates despite revenue miss.
- Gold dips to USD4,712.00/ounce.
- Thursday’s calendar includes UK flash PMI, public borrowing figures, and US jobless claims.
- Corporate results expected from J Sainsbury, WH Smith, LSEG, Relx, and Segro.
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