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Morning Report - 7 September 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
HARGREAVES LANSDOWN PLC 835.0 4.6%
CENTRICA PLC 81.9 4.2%
LLOYDS BANKING GROUP PLC 45.2 4.1%
RIGHTMOVE PLC 616.6 4.0%
HOWDEN JOINERY GROUP PLC 574.6 3.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
ASHTEAD GROUP PLC 4207.0 -2.4%
BP PLC 452.7 -2.3%
BT GROUP PLC 142.2 -1.7%
SHELL PLC 2308.5 -1.7%
ASTRAZENECA PLC 10514.0 -1.3%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,300 0.2% 1.6%
DOW JONES INDUS. AVG 31,214 -0.3% -11.8%
DAX INDEX 12,871 0.9% -19.2%
NIKKEI 225 27,627 0.0% -7.7%
S&P/ASX 200 INDEX 6,827 -0.4% -9.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 87.32 0.52%
Brent Crude (ICE) USD/bbl. 93.39 -2.45%
Gold Spot USD/t oz. 1,704 -0.4%
Copper (Comex) USd/lb. 346 1.4%
The UK 100 is called to open -47 points this morning at 7253.

4 hours; 8 Months

Click graph to enlarge

Markets Overview:

 

The UK 100 is called to open -47 points this morning at 7253.  The UK 100 is expected to open lower today following falls in the US on Tuesday and in Asia overnight.  In the US the Dow closed Tuesday down 174 points, 0.5%, at 31,148, the Nasdaq slipped 86 points, 0.7%, to 11,545 and the S&P shed 16 points, 0.4%, to close at 3,909. The indices swung positive around midday, but the rally was short lived.

 

 

Company News & Broker Comments:

 

Company News:

 

Barratt Developments today announced full year figures, total home completions increasing by 3.9% to 17,908 (FY21: 17,243) homes and returning to pre-pandemic levels. Based on current market conditions, we are targeting total home completion growth of 3% to 5% in FY23, to between 18,400 and 18,800 homes.  Adjusted gross margin of 24.8% and a return of £200m surplus capital through the implementation of a share buyback programme which will start shortly

 

 

WHSmith today reported group revenue was at 107% of pre pandemic levels across the group, with robust recovery being seen at airport stores, with travel delivering 123% of pre pandemic levels.

Broker Comments:

 No New Broker Comments

Reporting Today:

Barratt Developments

 

 

WH Smith

 

Reporting Thursday:

Darktrace

 

Dunelm Group

 

Genus

 

Melrose Industries

 

Safestore Holdings

 

Spire Healthcare Group

 

Vistry Group

 

In Focus Today:

Chinese Exports

 

Chinese Imports

 

Chinese Trade Balance USD

 

EU Gross Domestic Product s.a.

 

US Goods and Services Trade Balance

 

BoE Monetary Policy Report Hearings

 

Fed's Beige Book

 

Japanese Gross Domestic Product

 

Tomorrow'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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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.


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