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Morning Report - 3 March 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Crh PLC 4,276.5 8.0%
Croda International PLC 6,716.0 2.2%
BP PLC 561.2 2.0%
Coca-Cola Hbc AG 2,180.0 1.9%
Bae Systems PLC 919.6 1.7%
Yesterday’s UK 100 Laggards Price (p) % Chg
Beazley PLC 647.5 -5.1%
Haleon PLC 313.6 -4.0%
Schroders PLC 481.5 -3.7%
Persimmon PLC 1,234.0 -3.4%
HSBC Holdings PLC 619.0 -3.3%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,944 0.4% 9.7%
DOW JONES INDUS. AVG 33,004 1.1% -2.3%
DAX INDEX 15,328 0.2% 11.9%
NIKKEI 225 27,927 1.6% 5.1%
S&P/ASX 200 INDEX 7,284 0.4% 1.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 78.06 -0.13%
Brent Crude (ICE) USD/bbl. 84.64 -0.13%
Gold Spot USD/t oz. 1,843 0.4%
Copper (Comex) USd/lb. 410 0.7%
The UK 100 called to open +20 points at 7964. 

1 Day; 2 Years

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Markets Overview:

The UK 100 called to open +20 points at 7964.  UK 100 is called to open higher on Friday, following positive readings on the service sectors in China and Japan leading to a strong trading session in the US and Asia. Wall Street ended 1.1% higher, S&P +0.8% and Nasdaq +0.7%. In Asia the Nikkei closed +1.6%, Shanghai +0.5% and Hang Seng +1.2% higher.

Company News & Broker Comments:

Company News:

 

 

Pearson say they will grow sales by low to mid-single digits this year after demand for English language learning helped sales rise 5% and operating profits rise 11% in 2022, in line with its update last month.

 

 

Rightmove have raised their final dividend payment and posted a higher annual operating profit, supported by resilient traffic despite a less-frenetic property market.

 

 

Broker Comments:

Citi Group Downgrades Admiral Group to Neutral (4 Buys / 3 Holds / 2 Sells)

 

Deutsche Bank Upgrades Pennon to Hold from Sell (2 Buys / 5 Holds / 2 Sells)

Reporting Today:

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

Reporting Monday:

UK

 

Clarkson

 

 

 

 

 

In Focus Today:

Chinese Caixin Services PMI

 

German Trade Balance s.a.

 

German S&P Global/BME Composite PMI

 

EU S&P Global Composite PMI

 

UK S&P Global/CIPS Composite PMI

 

US S&P Global Composite PMI

 

US S&P Global Services PMI

 

US ISM Services PMI

 

Next Week's Ex-Dividends:

UK 100 companies going ex-dividend on 9th March 2023:

 

Rio Tinto

 

Beazley

 

Melrose Industries

UK 250 companies going ex-dividend on 9th March 2023:

 

BlackRock World Mining Trust

 

Apax Global Alpha

 

Energean

 

SDCL Energy Efficiency Income Trust

 

Assura

 

Warehouse REIT

 

PZ Cussons

 

Tritax Big Box REIT

 

LondonMetric Property

 

Law Debenture Corporation

 

Alliance Trust

 

Dechra Pharmaceuticals

 

Renishaw

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