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Morning Report - 28 April 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Barclays PLC 162.0 5.3%
Prudential PLC 1,163.0 4.0%
Bt Group PLC 158.5 3.1%
Airtel Africa PLC 117.4 2.4%
Halma PLC 2,271.0 2.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
Legal & General Group PLC 235.0 -7.1%
Wpp PLC 916.2 -4.3%
St. James’s Place PLC 1193.5 -3.7%
Ashtead Group PLC 4543.0 -3.6%
Sainsbury (J) PLC 274.1 -3.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,832 -0.3% 5.5%
DOW JONES INDUS. AVG 33,830 1.6% 0.7%
DAX INDEX 15,800 0.0% 14.6%
NIKKEI 225 28,458 0.1% 6.0%
S&P/ASX 200 INDEX 7,293 -0.3% -0.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 74.76 0.62%
Brent Crude (ICE) USD/bbl. 78.32 0.81%
Gold Spot USD/t oz. 1,988 -0.1%
Copper (Comex) USd/lb. 389 0.8%
The UK 100 called to open +20 points at 7850. 

4 hours; 5 Months

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Markets Overview:

The UK 100 called to open +20 points at 7850. UK 100 is set to open higher on Friday, after a strong session in the US on Thursday and solid performance from Asian equities. Wall Street ended sharply higher, with the Dow +1.6%, S&P +2% & Nasdaq +2.4% as US stocks were lifted by tech earnings. In Asia the Nikkei closed +1%, Shanghai +0.8% & Hong Kong +0.8%.

Company News & Broker Comments:

Company News:

Computacenter report that revenue growth experienced in 2022 continues into Q1 2023. They remain satisfied with the profitability performance of Q1, as they expect profit growth in H1 and FY23.
Glencore agrees to acquire minority stakes in Mineracao Rio do Norte and Alunorte for $775m.
Hikma Pharmaceuticals continues to expect injectables revenue to grow between 7-9% as they intend to pay a final dividend of 37 cents per share.
NatWest posted better than expected profit for Q1 2023, demonstrating resilience despite unease about Britain's economic outlook amid persistent inflation. They reported a Q1 2023 pretax profit of £1.8bn, above average analyst estimates of £1.6bn and up on the £1.2bn the prior year.
Prudential reports a Q1 new business profit of $743m, +26% YoY as they state that business momentum continues in Q2, particularly in Hong Kong.
Renishaw expects a FY pretax profit of between £135-150m.
Smurfit Kappa reports a Q1 pretax profit of 339m euros, up from 317m euros YoY.
Tullow Oil signs an asset swap deal with Perenco oil and Gas Gabon to simplify Gabon equity.

 

 

Broker Comments:

JP Morgan Downgrades Antofagasta to Underweight (1 Buy / 13 Holds / 1 Sell)

 

Reporting Today:

UK

 

Morgan Advanced Minerals

 

Natwest Group

 

Puretech Health

 

Rotork

 

Smurfit Kappa Group

 

 

US

 

Aon

 

Chevron

 

Exxon Mobil

Reporting Monday:

UK

 

None

 

 

US

 

Arista Networks

 

MicroStrategy

 

 

In Focus Today:

 

BoJ Interest Rate Decision

 

BoJ Monetary Policy Statement

 

BoJ Outlook Report

 

BoJ Press Conference

 

German Gross Domestic Product

 

EcoFin Meeting

 

Eurogroup Meeting

 

German Unemployment Rate s.a.

 

EU Gross Domestic Product s.a.

 

German Harmonized Index of Consumer Prices

 

US Core Personal Consumption Expenditures - Price Index

 

US Personal Income

 

US Personal Spending

 

Chicago Purchasing Managers' Index

 

Michigan Consumer Sentiment Index

 

UoM 5-year Consumer Inflation Expectation

 

Next Week's Ex-Dividends:

UK 100 companies going ex-dividend on 4th May 2023:

 

Glencore

 

St. James's Place

 

Admiral Group

 

Hiscox

 

UK 250 companies going ex-dividend on 4th May 2023:

 

4imprint Group

 

Lancashire Holdings

 

Edinburgh Investment Trust

 

BlackRock World Mining 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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