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AI Daily 5 entries
LONDON MARKET CLOSE: FTSE 100 edges higher but US tech stocks wobble
- FTSE 100 closed up 11.70 points (0.1%) at 10,332.79; FTSE 250 and AIM All-Share ended lower.
- Oil prices rose amid Middle East tensions, with Brent trading at USD111.77 per barrel.
- UAE announced exit from OPEC and OPEC+ next month, citing long-term energy demand goals.
- OpenAI missed internal user and revenue targets, impacting U.S. tech stocks like Oracle, AMD, and Nvidia.
- BP rose 1.1% on strong Q1 results, while Barclays eased 0.2% despite in-line profits.
- Gold price decline hit Fresnillo and Endeavour Mining, down 2.0% and 4.5%, respectively.
- Telecom Plus fell 17% on low full-year profit guidance; SSP dropped 5.5% on UBS downgrade.
- Upcoming events: U.S. and Canada interest rate decisions, German inflation data, and Q1 results from AstraZeneca, GSK, Lloyds, and Haleon.
LONDON MARKET MIDDAY: FTSE 100 lifted by oil majors; Barclays down
- London Stock Market: FTSE 100 up 0.5% at 10,370.33, led by oil majors BP (+2.7%) and Shell (+2.0%). FTSE 250 down 0.1% at 22,556.87.
- European Equities: CAC 40 in Paris up 0.3%, DAX 40 in Frankfurt up 0.2%.
- Oil Markets: Brent crude eased to USD104.32/barrel, down from USD108.92, but remains above pre-war levels. Diplomatic impasse between US and Iran keeps volatility high.
- Currency Markets: GBP at USD1.3489, EUR at USD1.1692, USD/JPY at 159.63.
- UK Retail Data: Grocery inflation slowed to 3.8%, lowest in a year. Take-home grocery sales up 0.9% YoY, with increased focus on promoted items (+7.8%).
- FTSE 100 Movers: BP and Shell led gains; Barclays fell 3.3% despite share buyback.
- FTSE 250 Movers: Watches of Switzerland gained on UBS price target raise; Telecom Plus dropped 9.4% on profit forecast.
- Smaller Caps: Mila Resources jumped 21% on gold intercept report; IQE plunged 24% after share placement.
- US Futures: Mixed open expected; Dow up 0.3%, S&P 500 down 0.3%, Nasdaq down 0.7%.
- Commodities: Gold down to USD4,613.74/ounce as investors favor risk assets.
- Upcoming US Data: ADP employment, S&P/Case-Shiller home price index, Conference Board consumer confidence, Richmond Fed manufacturing index.
LONDON BROKER RATINGS: Exane BNP initiates coverage; UBS cuts SSP
- 28th Apr 2026 09:45
- Deutsche Bank Research cuts Reckitt Benckiser price target to 5,430 (5,460) pence - 'hold'
- Exane BNP starts Diploma with 'outperform' - price target 8,100 pence
- UBS cuts Mondi price target to 970 (1,050) pence - 'buy'
- Citigroup cuts Mondi price target to 940 (1,000) pence - 'buy'
- Barclays cuts Whitbread price target to 2,500 (2,600) pence - 'equal weight'
- Jefferies raises Tesco price target to 460 (430) pence - 'hold'
- Citigroup raises National Grid price target to 1,253 (1,149) pence - 'neutral'
- UBS raises Watches Of Switzerland price target to 565 (540) pence - 'neutral'
- UBS cuts Man Group price target to 290 (295) pence - 'buy'
- RBC cuts Travis Perkins price target to 825 (850) pence - 'outperform'
- Exane BNP starts Balfour Beatty with 'neutral' - price target 900 pence
- Exane BNP starts Bytes Technology with 'underperform'
- Exane BNP starts Cranswick with 'neutral' - price target 5,640 pence
- Exane BNP starts Computacenter with 'outperform'
- Exane BNP starts Genus with 'neutral' - price target 2,750 pence
- Exane BNP starts Johnson Service with 'outperform'
- Exane BNP starts Greggs with 'underperform' - price target 1,430 pence
- Exane BNP starts International Workplace Group with 'outperform'
- Exane BNP starts Morgan Sindall with 'neutral' - price target 5,350 pence
- Exane BNP starts Kier Group with 'neutral' - price target 240 pence
- Exane BNP starts Savills with 'outperform' - price target 1,240 pence
- Exane BNP starts Mitie Group with 'neutral' - price target 200 pence
- Exane BNP starts Pets At Home with 'neutral' - price target 205 pence
- Exane BNP starts Mony Group with 'outperform' - price target 270 pence
- UBS cuts SSP Group to 'neutral' - price target 180 pence
- UBS raises AJ Bell price target to 630 (520) pence - 'buy'
- Berenberg raises Filtronic price target to 360 (213) pence - 'buy'
- JPMorgan cuts Marston's price target to 81 (85) pence - 'overweight'
LONDON MARKET OPEN: BP leads as FTSE mixed on Iran talks drift
- London stock market opened mixed on 28th Apr 2026, with energy stocks gaining and banks/mid-caps weakening.
- FTSE 100 up 0.2%, FTSE 250 down 0.2%, and AIM all-share marginally lower.
- European equities (CAC 40, DAX 40) marginally higher.
- Global oil markets in focus due to US-Iran conflict; Brent oil fell to USD104.44/barrel.
- US President Donald Trump unlikely to accept Iran’s proposal to end conflict.
- Pound lower against USD, higher against EUR; Euro and USD weaker against JPY.
- BP led FTSE 100 with 3.0% gain after reporting strong Q1 profit (USD3.84 billion) driven by higher oil prices.
- Shell up 1.5%; Diploma rose after Exane BNP Paribas initiated coverage with 'outperform' rating.
- Barclays fell 3.5% despite higher Q1 profit (GBP2.81 billion) due to litigation charges.
- Telecom Plus dropped 11% on lower profit forecast; Travis Perkins fell 6.1% on subdued construction activity.
- Howden Joinery steady with 3.7% revenue growth; Ferrexpo down 2.9% on delayed equity raise.
- Tullow Oil up 8.6% despite 2025 pretax loss.
- Asian markets closed lower; Nikkei 225 down 1.0%, Shanghai Composite down 0.2%, Hang Seng down 0.9%.
- Central banks in focus: Bank of Japan held rates, Fed expected to keep policy unchanged.
- ECB and Bank of England to announce rate decisions on Thursday.
- US markets ended mixed on Monday; Treasury yields widened; Gold lower at USD4,626.69/ounce.
LONDON MARKET EARLY CALL: FTSE 100 seen down; oil eases on Iran talks
- London stocks expected to open lower on Tuesday due to US-Iran negotiations and fluctuating oil prices.
- FTSE 100 futures indicate a 0.1% decline to 10,307.49, following a 0.6% drop on Monday.
- US President Donald Trump discussed an Iranian proposal to reopen the Strait of Hormuz, with Brent oil prices falling to USD102.62 a barrel.
- Trump remains skeptical of Iran's sincerity, according to US media reports.
- Sterling weakened against the USD but strengthened against the euro.
- King Charles III met Trump at the White House, marking a high-profile state visit amid transatlantic tensions.
- UK Prime Minister Keir Starmer to lead talks on the economic impact of the Iran crisis.
- Wall Street ended mixed on Monday, with the Dow down 0.1%, S&P 500 up 0.1%, and Nasdaq up 0.2%.
- Microsoft and OpenAI revised their partnership to a non-exclusive arrangement, extending IP licensing to 2032.
- Asia markets declined, with Japan's Nikkei 225 down 0.9% and China's Shanghai Composite down 0.2%.
- Japan's unemployment rate rose unexpectedly to 2.7% in March.
- UK shop price inflation eased in April, with prices rising 1.0% year-on-year.
- Gold prices fell to USD4,657.76 an ounce.
- Busy corporate calendar in London with Anglo American, Barclays, BP, and WPP reporting results.
- Economic data releases include UK grocery market share, Spanish unemployment, and US ADP employment figures.
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