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Morning Report - 19 June 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 461.9 7.4%
Centrica PLC 118.9 2.8%
CRH PLC 4,193.0 2.6%
British Land Company PLC 343.0 2.5%
Frasers Group PLC 697.0 1.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
Airtel Africa PLC 124.8 -3.6%
Hargreaves Lansdown PLC 821.8 -1.8%
M&G PLC 197.3 -1.7%
Glencore PLC 467.0 -1.7%
Admiral Group PLC 2,175.0 -1.6%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,643 0.2% 8.9%
DOW JONES INDUS. AVG 34,299 -0.3% 14.8%
DAX INDEX 16,358 0.4% 24.6%
NIKKEI 225 33,378 -1.0% 28.3%
S&P/ASX 200 INDEX 7,295 0.6% 12.7%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 70.97 -1.13%
Brent Crude (ICE) USD/bbl. 75.74 -1.14%
Gold Spot USD/t oz. 1,955 -0.1%
Copper (Comex) USd/lb. 388 -0.4%
The UK 100 called to open -27 points at 7615

4 hours; 5 Months

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Markets Overview:

The UK 100 called to open -27 points at 7615.   The UK 100 looks set to make a sluggish start to this weeks trading, this morning saw Asian shares fall, consolidating gains after their best weekly run in five months, while investors looked ahead to China's rate decision and U.S. Federal Reserve Chair Jerome Powell's testimonies for clues on the path ahead.  Oil prices fell more than 1% on Monday. U.S. crude futures also fell by 1.5% to 70.74 per barrel, while Brent crude was down 1.4% at $75.52 per barrel. Gold prices were flat at $1,957.39 per ounce.

 

Company News & Broker Comments:

Company News:

AstraZeneca has drafted plans to separate its China business amid geopolitical tensions.

 

 

British American Tobacco appoint chief transformation office Johan Vandermeulen as COO. They have also appointed David Waterfield as CEO of subsidiary Reynolds American.

 

 

Coca-Cola HBC are to acquire Finlandia vodka owner Brown-Forman Finland for $220m.

 

 

Broker Comments:

HSBC Upgrades Fevertree Drinks to Buy (3 Buys / 12 Holds / 2 Sells)

 

 

HSBC Upgrades FirstGroup to a Buy (4 Buys / 4 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

 

US

 

None

Reporting Tomorrow:

UK

 

None

 

 

US

 

FedEx

 

 

In Focus Today:

US Bank Holiday

 

 

This Week's Ex-Dividends:

UK 100 companies going ex-dividend on 22nd June 2023:

 

3i Group

 

Airtel Africa

 

British Land Company

 

Experian

 

United Utilities Group

 

UK 250 companies going ex-dividend on 22nd June 2023:

 

Mercantile Investment Trust

 

Tate & Lyle

 

discoverIE Group

 

MITIE Group

 

Templeton Emerging Markets IT

 

Personal Assets Trust

 

abrdn Private Equity Opportunities Trust

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