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Morning Report - 6 February 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Haleon PLC 329.5 3.5%
B&M European Value Retail S.A. 493.5 3.4%
Smith & Nephew PLC 1,188.0 3.4%
Shell PLC 2,414.0 3.3%
Astrazeneca PLC 10,578.0 3.2%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Vodafone Group PLC 91.1 -3.9%
Segro PLC 885.0 -3.8%
Centrica PLC 95.3 -3.0%
Centrica PLC 1,487.5 -2.8%
Barratt Developments PLC 472.7 -2.4%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,902 1.0% 5.1%
DOW JONES INDUS. AVG 33,926 -0.4% -3.3%
DAX INDEX 15,476 -0.2% 2.5%
NIKKEI 225 27,694 0.7% 0.9%
S&P/ASX 200 INDEX 7,539 -0.3% 5.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.86 0.64%
Brent Crude (ICE) USD/bbl. 80.60 0.83%
Gold Spot USD/t oz. 1,875 0.6%
Copper (Comex) USd/lb. 406 0.1%
The UK 100 called to open -34 points at 7867. 

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -34 points at 7867.  The UK 100 looks set to open lower this morning and retreat from record highs set of Friday.  Concerns over interest rates saw US markets lose steam at the close on Friday with the Dow Jones 0.4% lower at 33,926 points, the S&P 500 down 1% at 4,136 and the Nasdaq losing 1.6% at 12,007.

Company News & Broker Comments:

Company News:

Croda International buys Solus Biotech for £232m on a debt-free, cash-free basis.

 

 

Diageo launches a partial tender offer to increase its stake in East African breweries.

 

 

JD Wetherspoon founder Tim Martin raises his stake to 23.9% from 21.9% as of last week.

 

 

Playtech goes to the English courts over disagreement with customer Calipay.

 

 

Broker Comments:

Barclays Downgrades NatWest to Equal weight from Overweight (13 Buys / 4 Holds / 0 Sells)

 

 

Barclays Downgrades Virgin Money to Equal weight from Overweight (10 Buys / 9 Holds / 1 Sell)

 

 

Barclays Upgrades Lloyds to Overweight from Equal weight (12 Buys / 5 Holds / 1 Sell)

 

 

Bernstein Upgrades Diageo to Outperform from Market Perform (9 Buys / 8 Holds / 1 Sell)

 

 

Credit Suisse Downgrades Hargreaves Lansdown to Underperform from Neutral (6 Buys / 9 Holds / 3 Sells)

Reporting Today:

UK

 

None

 

 

US

 

Activision Blizzard

 

Pinterest

 

Take-Two Interactive Software

Reporting Tomorrow:

UK

 

BP

 

SSE

 

 

US

 

Gilead Sciences

 

Illumina

 

 

 

In Focus Today:

German Factory Orders s.a.

 

BoE's Mann speech

 

EU Retail Sales

 

German Harmonized Index of Consumer Prices

 

BoE's Mann speech

 

Japanese Overall Household Spending

 

 

This Week's Ex-Dividends:

UK 100 companies going  ex-dividend on 2nd February 2023:

 

None

UK 250 companies going  ex-dividend on 2nd February 2023:

 

Virgin Money UK

 

Greencoat UK Wind

 

Henderson Smaller Cos Inv Tst

 

GCP Infrastructure Investments

 

Aberforth Smaller Companies Trust

 

Octopus Renewables Infrastructure Trust

 

Impax Environmental Markets

 

UK Commercial Property REIT

 

Balanced Commercial Property Trust

 

Target Healthcare REIT

 

Renewables Infrastructure Group

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