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Morning Report - 3 April 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
M&G PLC 198.0 3.9%
Pearson PLC 844.4 3.5%
Beazley PLC 597.5 2.1%
Dcc PLC 4,718.0 2.1%
Unite Group PLC 959.5 2.0%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Imperial Brands PLC 1,864.0 -2.3%
Melrose Industries PLC 166.5 -1.5%
Airtel Africa PLC 106.5 -1.3%
Barratt Developments PLC 466.5 -1.3%
Legal & General Group PLC 238.9 -1.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,632 0.2% 1.2%
DOW JONES INDUS. AVG 33,274 1.3% -4.4%
DAX INDEX 15,629 0.7% 8.2%
NIKKEI 225 28,188 0.5% 1.9%
S&P/ASX 200 INDEX 7,223 0.6% -3.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 79.62 5.22%
Brent Crude (ICE) USD/bbl. 84.14 5.32%
Gold Spot USD/t oz. 1,955 -0.7%
Copper (Comex) USd/lb. 406 -0.9%
The UK 100 called to open +34 points at 7665.

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +34 points at 7665.   The UK 100 looks set to start the week on the front foot despite a new survey which showed growth in the Chinese manufacturing sector came to a halt in March.  Brent crude futures surged about 7% to above US$85, hitting its strongest levels in a month after OPEC+ announced a surprise production cut of more than 1 million barrels a day.  Stocks in the US closed sharply higher on Friday with the Dow Jones up 1.3%, the S&P 500 up 1.4% and the Nasdaq Composite up 1.7%.  In Asia this morning, the Nikkei 225 index in Tokyo was up 0.5%. In China, the Shanghai Composite rose 0.6%, while the Hang Seng index in Hong Kong slipped 0.5%.

 

Company News & Broker Comments:

Company News:

AstraZeneca says Ultomiris treatment has been recommended for EU marketing authorisation.

 

 

Capita notes cyber incident impacting access to internal Microsoft Office applications.

 

 

Cineworld are planning to raise $2.26bn as the theatre chain aims to emerge from their chapter 11 bankruptcy in H1 2023.

 

 

Hammerson sells 100% of Italik extension for 164m euros to Ingka Centres.

 

 

Intertek buys testing company Controle Analitico for an undisclosed sum.

 

 

Ryanair carries 12.6m passengers in March, up 12% YoY at 93% load factor.

 

 

Wizz Air carries 4.3m passengers in March, up 72% YoY at 92.2% load factor.

 

 

Broker Comments:

Barclays Upgrades Anglo American to Overweight from Equal Weight (5 Buys / 9 Holds / 1 Sell)

 

Reporting Today:

UK

 

None

 

 

US

 

None

Reporting Tuesday:

UK

 

Merchants Trust

 

 

US

 

None

 

 

In Focus Today:

Chinese Caixin Manufacturing PMI

 

German S&P Global/BME Manufacturing PMI

 

UK S&P Global/CIPS Manufacturing PMI

 

US S&P Global Manufacturing PMI

 

US ISM Manufacturing Employment Index

 

US ISM Manufacturing New Orders Index

 

US ISM Manufacturing PMI

 

US ISM Manufacturing Prices Paid

 

This Week's Ex-Dividends:

UK 100 companies going ex-dividend on 6th April 2023:

 

Barratt Developments

 

Reckitt Benckiser Group

 

ConvaTec Group

 

Rentokil Initial

 

Smiths Group

 

F&C Investment Trust

 

UK 250 companies going ex-dividend on 6th April 2023:

 

Man Group

 

Savills

 

Travis Perkins

 

International Public Partnerships

 

Domino's Pizza Group

 

Howden Joinery Group

 

Mercantile Investment Trust

 

Murray International Trust

 

Games Workshop Group

 

VinaCapital Vietnam Opportunity Fund

 

IMI

 

RIT Capital Partners

 

Finsbury Growth & Income Trust

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.


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