Getting latest data loading
Home / Morning Report / Morning Report – 18th April 2023

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

Morning Report - 18 April 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
International Consolidated Airlines Group S.A. 149.7 2.6%
Rs Group PLC 869.8 2.5%
Ocado Group PLC 521.8 2.3%
Smurfit Kappa Group PLC 3,046.0 2.3%
Weir Group PLC 1,930.0 2.0%
Yesterday’s UK 100 Laggards Price (p) % Chg
Barclays PLC 154.2 -2.3%
Abrdn PLC 202.9 -2.3%
Melrose Industries PLC 163.0 -2.3%
St. James’s Place PLC 1,197.5 -2.1%
Prudential PLC 1,146.0 -2.0%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,887 0.2% 3.6%
DOW JONES INDUS. AVG 33,916 0.1% -1.6%
DAX INDEX 15,806 0.0% 11.4%
NIKKEI 225 28,515 0.1% 6.4%
S&P/ASX 200 INDEX 7,382 0.3% -1.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.75 -0.93%
Brent Crude (ICE) USD/bbl. 85.60 -0.82%
Gold Spot USD/t oz. 1,986 -0.9%
Copper (Comex) USd/lb. 407 -0.9%
The UK 100 called to open +13 points at 7892

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +13 points at 7892.  The UK100 looks set to open higher as Chinese GDP figures came in stronger than expected.  China’s economy expanded at a faster rate than economists forecasts with GDP in the first quarter up 4.5% year on year.  Stateside yesterday saw stocks closed higher on as investors look ahead to a hefty week of corporate news.  The Dow Jones closed up 100.71 points, or 0.3%, at 33,987.18. The S&P gained 13.68 points, or 0.3%, to 4,151.32, while the Nasdaq advanced 34.26 points, or 0.3%, at 12,157.72.

Company News & Broker Comments:

Company News:

EasyJet have forecast a profit for the financial year 2023 to be ahead of market expectations, encouraged by strong demand during the Easter weekend despite French strikes and strong bookings for the summer. They report that market expectations for profit stands at about £260m for fiscal 2023.

 

 

Entain notes strong start to 2023 with Q1 group net gaming revenue up 15%.

 

 

GSK will buy Canada-based late-stage biopharma firm Bellus Health Inc in an all-cash deal for $2bn.

 

 

Mitie expects their FY23 revenue to be “slightly above prior year” of £4bn. They expect their operating profit to be at least £155m; previously at least £145m.

 

 

Moneysupermarket.com says their Q1 2023 revenue has increased by 15% to £106.3m, supported by recovery in insurance and travel. They expect to deliver FY market expectations.

 

 

THG report a 2022 pretax loss of £549.7m, widening from £186.3m YoY. They have provided no further update on Apollo’s takeover proposal.

 

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

IntegraFin Holdings

 

Ninety One

 

 

US

 

Bank of America Corp

 

Goldman Sachs

 

Johnson & Johnson

 

Intuitive Surgical

 

Netflix

Reporting Tuesday:

UK

 

 

Antofagasta

 

Entain

 

Hunting

 

Network International Holdings

 

Quilter

 

 

US

 

Morgan Stanley

 

International Business Machines

 

Tesla

 

 

In Focus Today:

Chinese Gross Domestic Product

 

Chinese Industrial Production

 

Chinese Retail Sales

 

UK Claimant Count Change

 

UK ILO Unemployment Rate

 

EU ZEW Survey – Economic Sentiment

 

German ZEW Survey – Current Situation

 

US Building Permits

 

US Housing Starts

 

Fed's Bowman speech

This Week's Ex-Dividends:

UK 100 companies going ex-dividend on 20th April 2023:

 

Antofagasta

 

BAE Systems

 

Weir Group

 

Spirax-Sarco Engineering

 

London Stock Exchange Group

 

UK 250 companies going ex-dividend on 20th April 2023:

 

 

Vanquis Banking Group

 

Vistry Group

 

Quilter

 

Vesuvius

 

Ibstock

 

Genuit Group

 

Videndum

 

Rathbones Group

 

Bodycote

 

Drax Group

 

Supermarket Income REIT

 

Foresight Solar Fund

 

Hunting

 

Merchants Trust

 

Schroder Oriental Income Fund

 

JPMorgan American Investment Trust

 

Jupiter Fund Management

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.
.