Daily Stock Market Report (Thur 29 May 2025) - CHH, JNEO, BMS, WJG, HVPE, SRB, CGT, PMI
Good morning!
In overnight trading, the FTSE is up 0.7% and the Samp;P is up 1.6%, as a US federal court has just blocked Trump's tariff plans. The Court of International Trade says that the US Congress has exclusive authority to regulate international trade, not the President.
Trump has filed an appeal, and I note that the Republican Party does currently control Congress. Even so, this appears to be a very large spanner in the tariff agenda.
1.50pm: we've run out of time for today, thanks everyone.
Today's agenda is complete.
Companies Reporting
Name (Mkt Cap)RNSSummaryOur view (Author)Auto Trader (LON:AUTO) (£7.90bn)FULL YEAR RESULTSRevenue +5%, op profit +8% (£377m). 2026 outlook: retailer rev growth to improve to 5-7%.Harbourvest Global Private Equity (LON:HVPE) (£1.78bn)Annual Financial ReportNAV per share return +7.3%, share price +19.2%. Discount to NAV falls from 42% to 35%.GREEN (Graham)I don't see what the "catch" is - to my eyes it's a reputable, well-diversified investment trust with historical performance of c. 10% annually, currently trading at a very large discount to NAV.Capital Gearing Trust (LON:CGT) (£846m)Final ResultsNAV return 4.1%, share price +3.6% vs. CPI +2.6%. Discount to NAV 2.8%. Defensively positioned. Paid £194.5m...