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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Ocado Group PLC | 400.6 | 3.6% |
| Croda International PLC | 5,442.0 | 3.2% |
| Auto Trader Group PLC | 637.0 | 3.1% |
| Experian PLC | 2,949.0 | 2.8% |
| Airtel Africa PLC | 131.3 | 2.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Fresnillo PLC | 648.6 | -4.2% |
| Vodafone Group PLC | 72.9 | -2.7% |
| Segro PLC | 779.4 | -2.7% |
| Bt Group PLC | 143.7 | -2.3% |
| Anglo American PLC | 2,416.5 | -1.7% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,571 | 0.1% | 5.1% |
| DOW JONES INDUS. AVG | 34,066 | 0.6% | 11.6% |
| DAX INDEX | 16,098 | 0.9% | 19.9% |
| NIKKEI 225 | 33,019 | 1.8% | 22.5% |
| S&P/ASX 200 INDEX | 7,139 | 0.2% | 3.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 67.40 | 0.42% |
| Brent Crude (ICE) | USD/bbl. | 72.27 | 0.60% |
| Gold Spot | USD/t oz. | 1,961 | 0.2% |
| Copper (Comex) | USd/lb. | 378 | 0.7% |
Click graph to enlarge
The UK 100 called to open +36 points at 7606. The UK’s blue chip index is called to open higher as investors hope cooling US inflation figures today will be enough to prompt the US Federal Reserve to hold interest rates at this week’s meeting. The Federal Reserve, ECB and Bank of Japan are all set to make their latest interest rate calls this week. The latest US consumer price index report is forecast to show that headline inflation stateside has slowed to 4.1% year on year in May, a significant improvement from the 4.9% rate in April. US markets closed higher yesterday. The Dow Jones closed 0.6% higher, the S&P 500 up by 0.9% and the Nasdaq was the top performing US index, rising by 1.5%.
Ashtead reported higher annual revenue and profit, helped by strong demand from businesses looking to rent its construction and industrial equipment especially in the USA. They reported an adjusted profit before tax of $2.27bn for the year ended April 30th, compared with $1.82bn a year earlier. Their total revenue rose 24% to $9.67bn. They have proposed a FY23 total dividend of 100 US cents per share, up from 80 US cents per share.
Bellway flagged renewed slowdown concerns as a further climb in mortgage rates and broader cost-of-living pressures suppressed demand in the sector. They report a reduced forward order book of £1.71bn, compared with £2.4bn a year earlier.
Centrica says their performance in the first 5 months of the year are “strong overall”.
Pennant wins a AUS5.2m contract over 5 years on Australian defence programme.
Rio Tinto says their Aluminium Chief Executive Ivan Vella will leave in December 2023.
CitiGroup Downgrades Admiral Group to Sell from Neutral (3 Buys / 4 Holds / 2 Sells)
ODDO BHF Downgrades Anglo American to Underperform (7 Buys / 9 Holds / 0 Sells)
UK
Ashtead
Bellway
US
None
UK
Safestore Holdings
US
None
UK Average Earnings Excluding Bonus
UK Average Earnings Including Bonus
UK Claimant Count Change
UK ILO Unemployment Rate
German Harmonized Index of Consumer Prices
EU ZEW Survey – Economic Sentiment
German ZEW Survey – Current Situation
German ZEW Survey – Economic Sentiment
UK NIESR GDP Estimate
US Consumer Price Index
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
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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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