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Morning Report - 12 June 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 383.0 4.5%
Whitbread PLC 3,371.0 1.3%
Vodafone Group PLC 75.0 1.1%
Ashtead Group PLC 5,376.0 0.9%
Unite Group PLC 923.0 0.8%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Croda International PLC 5,252.0 -12.8%
Beazley PLC 578.5 -2.8%
Smurfit Kappa Group PLC 2,904.0 -2.6%
Barratt Developments PLC 460.1 -2.0%
Taylor Wimpey PLC 113.0 -2.0%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,573 -0.4% 1.0%
DOW JONES INDUS. AVG 33,946 0.3% 5.2%
DAX INDEX 15,956 -0.2% 12.4%
NIKKEI 225 32,265 2.0% 16.0%
S&P/ASX 200 INDEX 7,123 0.3% 2.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.67 0.53%
Brent Crude (ICE) USD/bbl. 76.49 0.70%
Gold Spot USD/t oz. 1,965 0.0%
Copper (Comex) USd/lb. 381 0.5%
The UK 100 called to open +38 points at 7600

4 hours; 5 Months

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Markets Overview:

The UK 100 called to open +38 points at 7600.  The UK 100 is expected to make a positive start to the week ahead of key US inflation figures and central bank announcements later in the week. In Asia this morning markets were mixed. The Nikkei was up 0.5%. In China, the Shanghai Composite was down 0.1%, while the Hang Seng index in Hong Kong was down 0.2%.

 

Company News & Broker Comments:

Company News:

Darktrace launches new risk and compliance AI models to protect data privacy.

 

 

Frasers buys a 18.9% stake in AO World for a total of £75m.

 

 

Glencore confirms proposal to acquire Teck Resources’ steelmaking coal business EVR.

 

 

Staffline says trading in the current financial year is to remain in line with expectations.

 

 

Thungela Resources expects positive earnings and cash generation in H1 as they state that seaborne coal prices have receded from record highs in 2022.

 

 

Broker Comments:

Exane Upgrades Ocado to Neutral (6 Buys / 6 Holds / 2 Sells)

 

 

Goldman Sachs Downgrades Great Portland Estates to Sell from Neutral (5 Buys / 5 Holds / 1 Sell)

 

 

Goldman Sachs Downgrades Segro to Neutral from Buy (7 Buys / 6 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

US

 

Oracle

Reporting Monday:

UK

 

Ashtead

 

Bellway

 

US

 

None

 

 

In Focus Today:

Chinese FDI - Foreign Direct Investment

 

US Monthly Budget Statement

 

 

This Week's Ex-Dividends:

UK 100 companies going ex-dividend on 15th June 2023:

 

Land Securities Group

 

RS Group

 

UK 250 companies going ex-dividend on 15th June 2023:

 

Intermediate Capital Group

 

Digital 9 Infrastructure

 

Pets At Home Group

 

Computacenter

 

3i Infrastructure

 

Warehouse REIT

 

LXi REIT

 

AVI Global Trust

 

Balanced Commercial Property 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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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.


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