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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Pearson PLC | 824.8 | 9.4% |
| Melrose Industries PLC | 422.5 | 3.1% |
| Burberry Group PLC | 2,616.0 | 2.9% |
| Vodafone Group PLC | 96.3 | 2.8% |
| Scottish Mortgage Investment Trust PLC | 628.2 | 2.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Lloyds Banking Group PLC | 46.0 | -3.6% |
| Haleon PLC | 341.4 | -3.3% |
| Croda International PLC | 6,728.0 | -3.0% |
| Rs Group PLC | 890.0 | -2.5% |
| Kingfisher PLC | 250.8 | -2.5% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,793 | 0.3% | 3.0% |
| DOW JONES INDUS. AVG | 33,610 | -0.2% | 1.5% |
| DAX INDEX | 15,811 | 0.5% | 12.6% |
| NIKKEI 225 | 29,158 | 0.1% | 8.7% |
| S&P/ASX 200 INDEX | 7,197 | -1.0% | -1.5% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 68.51 | -4.40% |
| Brent Crude (ICE) | USD/bbl. | 72.21 | -4.13% |
| Gold Spot | USD/t oz. | 2,026 | 0.5% |
| Copper (Comex) | USd/lb. | 384 | -0.7% |
Click graph to enlarge
The UK 100 called to open -27 points at 7761. The UK 100 looks set to open lower this morning, This comes after the Federal Reserve raised interest rates by 0.25% as expected last night, however a change in language to a more dovish tone, suggested that this could be the last rate rise for now. However concerns over the position of the banking sector in the US were further raised after regional bank PacWest put themselves up for sale, shares were trading 53% lower after hours. US markets ended lower with the Dow Jones ending down 0.8%, the S&P 500 down 0.7% and the Nasdaq Composite down 0.5%. Focus today switches to the European Central Bank, expectations are to see a slow down its pace of interest rate hikes to a 25 basis point hike - the same as the Fed.
BAE Systems says their trading to-date is in line with expectations. They expect their 2023 sales to rise by 3-5% and their EBIT to rise by 4-6%.
Mondi reports that their Q1 EBITDA has dropped to 351m euros, from 456m euros QoQ, marked by lower selling prices and softer demand.
Next maintained their guidance for annual profit after reporting a slightly better-than-expected 0.7% decline in Q1 full-price sales. They stayed cautious on the outlook for the rest of the 2023-24 year, forecasting a 1.5% decline in full-price sales and a pretax profit of £795m, down from the £870.4m made in 2022-23.
Shell reported a Q1 2023 net profit of $9.65bn, dropping slightly from the previous quarter as energy prices cooled but still beating forecasts. They kept their dividend unchanged at $0.2875 per share and also kept the rate of their share repurchase programme stable at $4bn over the next three months. Net profit beat a company provided forecast of $8bn.
Trainline report a FY pretax profit of £22.1m vs loss of £15.5m YoY. Their FY net ticket sales came in at £4.32bn, up from £2.52bn YoY. They expect continued strong growth in FY24, despite recent strikes in UK and France.
Wells Fargo Downgrades Flutter to Equal Weight (16 Buys / 5 Holds / 0 Sells)
UK
Mondi
Morgan Sindall
Next
Rathbone Brothers
Shell
Trainline
Virgin Money
US
Ball Corp
Moderna
Novo Nordisk
Shopify
Apple Inc
Block
Lemonade
UK
International Consolidated Airlines Group
US
AMC Entertainment
Chinese Caixin Manufacturing PMI
German Trade Balance s.a.
German HCOB Composite PMI
EU HCOB Composite PMI
UK S&P Global/CIPS Composite PMI
ECB Monetary Policy Decision Statement
ECB Rate On Deposit Facility
ECB Rate On Main Refinancing Operations
US Goods and Services Trade Balance
US Initial Jobless Claims
ECB Press Conference
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
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