The Market Call

The Market Call gives a periodic summary of major macro events, market themes and selected UK company-specific news.

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May 31, 2024

Week Ending 31/05/2024 – The UK Stock Market Re-Discovers its Purpose

Gareth & Jeremy discuss the week's market news. US GDP growth has started to slow down. However, the big news is the return to life of the UK stock market. Our equity capital markets, long believed dead, sprang to life again last week and priced £8bn with some large rights issues and a wide range of smaller deals that have been absorbed by a strengthening market. What a difference some liquidity makes.

The UK's M&A train rolls on with Royal Mail owner, IDS has agreed a 370p offer from Daniel Kretinsky.

They discuss DP Poland, Petro Matad, Tern and TinyBuild.

Next week's highlights are expected to include the ECB's decision to lower rates and employment data from the US.

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