Getting latest data loading
Home / Morning Report / Morning Report – 6th April 2023

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 6 April 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Haleon PLC 340.0 2.7%
Astrazeneca PLC 11,546.0 2.7%
United Utilities Group PLC 1,069.0 2.6%
Gsk PLC 1,483.4 2.4%
Severn Trent PLC 2,908.5 2.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
Rs Group PLC 841.0 -6.0%
Crh PLC 3,822.0 -5.0%
Ashtead Group PLC 4,413.0 -4.7%
Kingfisher PLC 246.5 -4.1%
Rightmove PLC 541.6 -3.7%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,651 0.2% 0.6%
DOW JONES INDUS. AVG 33,447 0.1% -3.5%
DAX INDEX 15,501 -0.7% 8.0%
NIKKEI 225 27,813 -1.7% 1.7%
S&P/ASX 200 INDEX 7,237 0.0% -3.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 80.28 -0.53%
Brent Crude (ICE) USD/bbl. 84.70 -0.28%
Gold Spot USD/t oz. 2,018 -0.1%
Copper (Comex) USd/lb. 397 -0.1%
The UK 100 called to open +6 points at 7668. 

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +6 points at 7668.  The UK 100 looks set to see modest gains at the open this morning, This follows a mixed showing Stateside yesterday, with the tech laden Nasdaq tumbling but the blue chip Dow Jones gaining.  Asian markets were also mixed this morning with the Nikkei 225 down 1.1% while the Hang Seng and Shanghai Composite were little changed

Company News & Broker Comments:

Company News:

Ferrexpo report Q1 total iron ore pellet output of 900,000 tonnes v 420,000 tonnes QoQ. The pellet growth has been driven by improvement in electricity in Ukraine. Their Q1 total commercial production came in at 954,000 tonnes, down 65% YoY. The YoY decline is due to Russia’s full-scale invasion of Ukraine in Feb 2022.

 

 

Shell expects to post an adjusted corporate loss of between $1.2-0.9 bn for Q1, due to one off tax charges. They expect Q1 trading at its integrated gas division to be at similar levels to the previous quarter.

 

 

THG signs a 10-year deal with Maximo to re-platform all beauty and fragrance direct. The deal will be worth £150m per year.

 

 

Broker Comments:

Goldman Sachs Upgrades Spirent Communications to Neutral from Sell (5 Buys / 2 Holds / 0 Sells)

Reporting Today:

UK

 

ASOS

 

Ferrexpo

 

Hilton Food Group

 

 

US

 

DOW

Reporting Friday:

UK

 

None

 

 

US

 

None

 

 

In Focus Today:

Chinese Caixin Services PMI

 

US Initial Jobless Claims

 

US Initial Jobless Claims 4-week average

 

Japanese Overall Household Spending

 

Today'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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.