This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Weir Group PLC | 2,018.0 | 6.3% |
| Rio Tinto PLC | 5,972.0 | 4.6% |
| Antofagasta PLC | 1,636.0 | 4.2% |
| Endeavour Mining PLC | 1,764.0 | 4.0% |
| Glencore PLC | 512.9 | 3.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Persimmon PLC | 1,277.5 | -12.1% |
| Barratt Developments PLC | 449.5 | -4.2% |
| Taylor Wimpey PLC | 118.2 | -4.1% |
| Ocado Group PLC | 529.6 | -3.5% |
| Unite Group PLC | 951.5 | -3.2% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,915 | 0.5% | 8.0% |
| DOW JONES INDUS. AVG | 32,662 | 0.0% | -1.9% |
| DAX INDEX | 15,305 | -0.4% | 10.1% |
| NIKKEI 225 | 27,517 | 0.3% | 4.3% |
| S&P/ASX 200 INDEX | 7,259 | 0.1% | 2.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 77.69 | 0.83% |
| Brent Crude (ICE) | USD/bbl. | 84.31 | 1.03% |
| Gold Spot | USD/t oz. | 1,837 | 0.0% |
| Copper (Comex) | USd/lb. | 416 | 1.7% |
Click graph to enlarge
The UK 100 called to open +5 points at 7900. UK 100 is set to open higher on Thursday ahead of a eurozone inflation reading at 10am (CPI data). Wall Street ended mixed with the Dow closing marginally higher, S&P +0.5% and Nasdaq +0.7%. In Asia the Nikkei closed -0.1%, Shanghai -0.1% and Hang Seng -0.9%.
GSK: The US health regulator has backed GSK’s respiratory syncytial virus (RSV) vaccine. The FDA voted unanimously in favour of the vaccine, saying data from the company’s clinical study showed the shot was effective in preventing lower respiratory tract disease caused by RSV in adults aged 60 and above.
Haleon have forecast 4-6% organic revenue growth in 2023.
ITV have reported a 12% fall in adjusted operating profit to £717m reflecting investment in its ITVX streaming service and said the short-term outlook for advertising was “challenging”.
London Stock Exchange Group reported results slightly above consensus for 2022 and has hailed its integration of data and analytics group Refinitiv as a success. They reported total income of £7.743bn, just above analysts’ consensus of £7.733bn. They reported a basic EPS of 141.8p and a dividend per share of 107p, both above analysts’ forecasts.
National Express reports that their pretax loss has widened to £209.9m from £84.9m YoY. Their EBITDA was up 39% to £418.1m YoY as they reinstate their FY dividend of 5p per share.
Taylor Wimpey has flagged weaker sales and lower order book this year, reflecting a slowdown in the housing sector amid concerns about the broader economy. Their profit for the year ended Dec 31st grew more than 11% to £923.4m.
Peel Hunt Downgrades Travis Perkins to Hold from Add (3 Buys / 11 Holds / 1 Sell)
UK
Beazley
CRH
Flutter Entertainment
Grafton Group
Hunting
London Stock Exchange Group
Melrose Industries
National Express Group
Schroders
Spire Healthcare
Taylor Wimpey
Tritax Big Box REIT
US
Broadcom
ChargePoint Holdings
Hewlett Packard Enterprise
Zscaler
UK
IMI
Pearson
Rightmove
Vesuvius
EU Core Harmonized Index of Consumer Prices
EU Unemployment Rate
EU ECB Monetary Policy Meeting Accounts
US Initial Jobless Claims
Japanese Unemployment Rate
Tokyo Consumer Price Index
UK 100 companies going ex-dividend on 2nd March 2023:
Diageo
Hargreaves Lansdown
HSBC Holdings
Berkeley Group Holdings
UK 250 companies going ex-dividend on 2nd March 2023:
Diversified Energy Company
Safestore Holdings
Capital & Counties Properties
Ashmore Group
Scottish American Investment Company
JPMorgan Global Growth & Income
Personal Assets Trust
Ruffer Investment Company
HICL Infrastructure
Genus
Hays
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.
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.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.