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 |
| Endeavour Mining PLC | 1,760.0 | 2.4% |
| Glencore PLC | 432.7 | 2.2% |
| London Stock Exchange Group PLC | 7,470.0 | 2.0% |
| Fresnillo PLC | 710.0 | 1.8% |
| Imperial Brands PLC | 1,884.5 | 1.2% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Bt Group PLC | 137.8 | -6.1% |
| Abrdn PLC | 199.3 | -5.6% |
| Hiscox LTD | 1,042.0 | -4.8% |
| Ocado Group PLC | 416.1 | -4.5% |
| Rolls-Royce Holdings PLC | 140.3 | -4.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,335 | -1.0% | -0.9% |
| DOW JONES INDUS. AVG | 31,862 | -1.2% | -8.3% |
| DAX INDEX | 14,768 | -1.3% | 2.5% |
| NIKKEI 225 | 26,946 | -1.4% | 0.4% |
| S&P/ASX 200 INDEX | 6,899 | -1.4% | -5.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 64.85 | -2.83% |
| Brent Crude (ICE) | USD/bbl. | 71.02 | -2.67% |
| Gold Spot | USD/t oz. | 2,007 | 0.9% |
| Copper (Comex) | USd/lb. | 389 | -0.2% |
Click graph to enlarge
The UK 100 called to open -85 points at 7250. The UK 100 is expected to nurse heavy losses at the open on Monday after Asian bank debt and shares fell after the wipeout of US$17bn of Credit Suisse bonds in the takeover by UBS sparking concern of further turmoil in in European markets. HSBC shares dropped 7.1% in Hong Kong, while Standard Chartered tumbled 7.7% while some bank bonds suffered steep declines. In Asia on Monday, the Nikkei 225 index was down 1.4%. In China, the Shanghai Composite was down 0.4%, while the Hang Seng index in Hong Kong was down 3.2%.
.
Credit Suisse: UBS agrees ‘emergency rescue’ of Credit Suisse for £2.6bn. At the close of business on Friday Credit Suisse was valued at around $8bn.
Intertek appoints Colm Deasy as CFO, replacing Jonathan Timmis immediately. Intertek state their trading is in line with expectations, FY guidance is unchanged.
SolGold appoints Chris Stackhouse as CFO from April 17th.
Jefferies Upgrades Dunelm Group to Hold from Underperform (4 Buys / 6 Holds / 0 Sells)
UBS Upgrades Glencore to Buy from Neutral (8 Buys / 2 Holds / 0 Sells)
UK
None
US
None
UK
Diversified Energy Company
Kingfisher
US
Nike
PBoC Interest Rate Decision
German Producer Price Index
ECB's President Lagarde speech
UK 100 companies going ex-dividend on 23rd March 2023:
Schroders
British American Tobacco
Pearson
Prudential
UK 250 companies going ex-dividend on 20th March 2023:
Essentra
UK 250 companies going ex-dividend on 23rd March 2023:
OSB Group
CLS Holdings
Close Brothers Group
Hikma Pharmaceuticals
Hipgnosis Songs Fund
Chemring Group
HgCapital Trust
Volution Group
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.