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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Persimmon PLC | 1,299.0 | 5.1% |
| Taylor Wimpey PLC | 125.4 | 3.5% |
| Barratt Developments PLC | 495.0 | 3.0% |
| Standard Chartered PLC | 636.6 | 2.6% |
| Glencore PLC | 480.9 | 2.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Spirax-Sarco Engineering PLC | 10,945.0 | -5.1% |
| Crh PLC | 3,868.0 | -3.8% |
| Astrazeneca PLC | 11,838.0 | -3.7% |
| Gsk PLC | 1,447.4 | -3.5% |
| Reckitt Benckiser Group PLC | 6,304.0 | -3.0% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,841 | -0.6% | 6.6% |
| DOW JONES INDUS. AVG | 33,431 | -0.3% | 0.6% |
| DAX INDEX | 15,762 | -0.7% | 14.9% |
| NIKKEI 225 | 28,416 | -0.7% | 7.7% |
| S&P/ASX 200 INDEX | 7,316 | -0.1% | 0.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 76.33 | -0.96% |
| Brent Crude (ICE) | USD/bbl. | 79.75 | -1.26% |
| Gold Spot | USD/t oz. | 1,999 | 0.1% |
| Copper (Comex) | USd/lb. | 388 | 0.4% |
The UK 100 called to open -19 points at 7833. The UK 100 is expected to open lower as worries over economic growth saw Wall Street lower, the Dow Jones closed Wednesday down 229 points at 33,302, while the Nasdaq added 55 points to 11.854 and the S&P shed 16 points, to 4,056. In Asia, the Nikkei 225 index was flat. In China, the Shanghai Composite was up 0.4%, while the Hang Seng index in Hong Kong was up 0.2%. In focus today will be the weekly unemployment claims report and GDP data in the US this afternoon.
AstraZeneca beat expectations for its Q1 revenue, helped by sales of some of its oncology as well as rare blood disorder drugs. They reported an adjusted profit of $1.92 per share on sales of around $10.9bn. Analysts on average were expecting $1.71 per share on sales of about $10.6bn.
Barclays reported a Q1 profit that exceeded expectations as a resilient performance from its consumer bank offset pressure on other key business lines. They reported a pretax profit of £2.6bn, above average analyst forecasts of £2.2bn and higher than the £2.2bn it reported in the same period a year ago.
GlaxoSmithKline receives positive opinion from EMA body for respiratory syncytial virus vaccine.
Howden Joinery is on track to meet expectations for 2023.
London Stock Exchange report Q1 2023 total income of £2.01bn, up from £1.75bn YoY. They reiterate guidance of 6-8% total income growth for 2023.
Sainsbury reported an expected 5% fall in FY profit and forecast the outcome for this year would be above analysts' consensus expectations. Their underlying pretax profit came in at £690m in the year to March 4th, at the top end of guidance but down from the £730m made in 2021/22. They have forecast a FY 2023/24 profit of between £640-700m, ahead of analysts' average forecast of £631m.
Taylor Wimpey state that buyer interest has risen over the past few months, helped by improvement in mortgage rates and sales rate. Net private sales rate for the year to April 23 was 0.75 units, up from 0.62 reported for the first eight weeks of 2023.
Unilever reported better than expected quarterly underlying sales as they raised prices to compensate for higher commodity and supply chain costs. They reported a 10.5% rise in underlying sales to £14.8bn euros, beating analysts' average forecast for a 7.2% increase.
Weir Group report Q1 orders +4%, OE orders +22% and AM order flat YoY as they state that mining market conditions are positive.
WPP have made a good start to the year as they reported an underlying rise in Q1 revenue less pass-through costs of 2.9%, which it said put it on course for FY targets. Total revenue came in at £3.46bn, +4.9% on a L-f-L basis.
HSBC Downgrades Smith & Nephew to Hold (7 Buys / 3 Holds / 2 Sells)
JP Morgan places Wizz Air on Positive Catalyst watch (9 Buys / 3 Holds / 3 Sells)
JP Morgan Upgrades EasyJet to Neutral from Underweight (8 Buys / 5 Holds / 1 Sell)
UK
AstraZeneca
Barclays
Capricorn Energy
GCP Infrastructure Investments
Howden Joinery
Inchcape
London Stock Exchange Group
Sainsbury (J)
Schroders
Spectris
Taylor Wimpey
Unilever
WPP
US
AbbVie
Bristol-Myers Squibb
Caterpillar Inc
Eli Lilly and Co
Mastercard
Merck & Co
Amazon.com
Amgen
Gilead Sciences
Intel Corp
Mondelez
Snap Inc A
UK
Morgan Advanced Minerals
Natwest Group
Puretech Health
Rotork
Smurfit Kappa Group
US
Aon
Chevron
Exxon Mobil
EU Business Climate
EU Consumer Confidence
US Core Personal Consumption Expenditures
US Gross Domestic Product Annualized
US Initial Jobless Claims
US Pending Home Sales
Japanese Jobs / Applicants Ratio
Tokyo Consumer Price Index
Japanese Unemployment Rate
Japanese Industrial Production
Japanese Large Retailer Sales
Japanese Retail Trade
UK 100 companies going ex-dividend on 27th April 2023:
Legal & General Group
RELX
Fresnillo
Rightmove
Croda International
UK 250 companies going ex-dividend on 27th April 2023:
Bakkavor Group
Morgan Sindall Group
Derwent London
Sequoia Economic Infrastructure Inc Fnd
Coats Group
Bridgepoint Group
Greggs
City of London Investment Trust
Senior
Bankers Investment Trust
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