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Morning Report - 6 September 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
GLENCORE PLC 470.8 3.9%
BAE SYSTEMS PLC 788.8 3.2%
JD SPORTS FASHION PLC 123.1 2.6%
SMITH & NEPHEW PLC 1,097.0 2.1%
NEXT PLC 6,052.0 2.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
DECHRA PHARMACEUTICALS PLC 3150.0 -9.9%
SMURFIT KAPPA GROUP PLC 2806.0 -4.9%
INTL CONSOLIDATED AIRLINE-DI 104.7 -3.4%
CRH PLC 3087.5 -3.4%
ABRDN PLC 147.0 -3.4%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,280 0.0% 0.9%
DOW JONES INDUS. AVG 31,318 -1.1% -11.5%
DAX INDEX 12,762 -2.2% -19.9%
NIKKEI 225 27,620 -0.1% -6.9%
S&P/ASX 200 INDEX 6,852 0.3% -9.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 89.34 2.84%
Brent Crude (ICE) USD/bbl. 95.67 2.85%
Gold Spot USD/t oz. 1,711 -0.1%
Copper (Comex) USd/lb. 344 0.8%
The UK 100 is called to open -10 points this morning at 7274.

4 hours; 8 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -10 points this morning at 7274.  The UK 100 looks set to open slightly lower this morning after Wall Street was closed yesterday.  Asian markets were mixed with attention focussed on the Reserve Bank of Australia, who went ahead with another 50bps rate hike, the fourth meeting in a row that rates have been increased.  Following Liz Truss' appointment as the new Prime Minister yesterday, the Government is expected to allow energy suppliers to take out government-backed loans in order to subsidise bills providing support to many households and businesses.

 

 

Company News & Broker Comments:

 

Company News:

 

Ashtead today announced results, they said they have delivered Strong quarter with ongoing momentum in supportive end markets, Group revenue up was up 25% and adjusted earnings per share of 94.4¢

Berkeley said it is on track to meet its profit guidance and deliver a pre-tax profit for the current financial year ending 30 April 2023 of £600 million and £625 million for the year ended 30 April 2024.  The profit for the current financial year is anticipated to be around 55 per cent weighted to the second half, in line with production scheduling.

 

 

DS Smith said they had delivered strong growth in profits and returns underpinned by excellent customer relationships, continued price recovery and good cost and cash management.  Overall trading in line with expectations driven by pricing momentum and good cost control.

Rio Tinto and Turquoise Hill enter into definitive arrangement agreement for Rio Tinto to acquire full ownership of Turquoise Hill

Broker Comments:

 No New Broker Comments

Reporting Today:

Ashtead Group

 

 

Capricorn Energy

 

 

NCC Group

 

Reporting Wednesday:

Barratt Developments

 

WH Smith

 

In Focus Today:

German Factory Orders s.a.

 

US S&P Global Composite PMI

 

US S&P Global Services PMI

 

US ISM Services Employment Index

 

US ISM Services New Orders Index

 

US ISM Services PMI

 

US ISM Services Prices Paid

 

This Week's Ex-Dividends:

UK 100 companies going  ex-dividend on 8th September 2022:

 

Croda International

 

CRH

 

UK 250 companies going  ex-dividend on 8th September 2022:

 

BBGI Global Infrastructure S.A.

 

Harbour Energy

 

CLS Holdings

 

Grafton Group

 

Assura

 

Temple Bar Investment Trust

 

Derwent London

 

XP Power

 

Baltic Classifieds Group

 

Greggs

 

Serco Group

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