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Morning Report - 14 April 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Rightmove PLC 574.0 3.0%
Antofagasta PLC 1,621.0 2.6%
Burberry Group PLC 2,562.0 2.6%
Melrose Industries PLC 170.7 2.3%
Auto Trader Group PLC 615.8 2.2%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Persimmon PLC 1,230.5 -3.6%
Unite Group PLC 952.5 -2.5%
Lloyds Banking Group PLC 48.7 -2.4%
Smurfit Kappa Group PLC 2,952.0 -2.3%
Hargreaves Lansdown PLC 788.2 -2.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,841 0.2% 3.4%
DOW JONES INDUS. AVG 33,788 0.4% -2.3%
DAX INDEX 15,719 0.1% 11.7%
NIKKEI 225 28,157 0.3% 3.6%
S&P/ASX 200 INDEX 7,324 -0.3% -2.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 83.23 -0.04%
Brent Crude (ICE) USD/bbl. 87.23 -0.11%
Gold Spot USD/t oz. 2,038 1.2%
Copper (Comex) USd/lb. 412 1.1%
The UK 100 called to open +14 points at 7860. 

1 Day; 2 Years

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Markets Overview:

The UK 100 called to open +14 points at 7860. UK 100 is set to open slightly higher on Friday, ahead of earnings from major US banks, as sentiment was lifted by a cooler-than-expected US inflation reading. On Thursday Wall Street rallied with the Dow closing +1.1%, S&P +1.3% and Nasdaq +2%. In Asia on Friday the Nikkei closed +1.2%, Shanghai +0.4% & Hong Kong +0.2%.

Company News & Broker Comments:

Company News:

AstraZeneca says investigational COVID antibody neutralises all known variants of concern.

 

AO World expects their FY23 UK revenue to be around £1.13bn, in line with their own plans.

 

Dr Martens expects their FY23 EBITDA to be around £245m. Their CFO Jon Mortimore is to retire, will remain in the role until a new successor is found.

 

Hays have updated that client and candidate activity remained solid in its temporary and contracting segment as corporates navigate broader economic uncertainties and rethink their permanent hiring plans. Their L-f-L net fees rose 5% in the three months ended March 31st.

 

National Grid says their FY23 performance is in line with own expectations. They continue to expect FY23 underlying EPS growth of 6-8%.

 

888 Holdings swings to a 2022 pretax loss of £115.7m from a £59m profit previously.

 

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

Hays

 

 

US

 

BlackRock

 

Citigroup Inc

 

JPMorgan Chase & Co

 

UnitedHealth Group

Reporting Monday:

UK

 

Ashmore Group plc

 

Sirius Real Estate Limited

 

 

US

 

None

 

 

In Focus Today:

US IMF Meeting

 

US Retail Sales

 

US Michigan Consumer Sentiment Index

 

US UoM 5-year Consumer Inflation Expectation

Next Week's Ex-Dividends:

UK 100 companies going ex-dividend on 20th April 2023:

 

Antofagasta

 

BAE Systems

 

Weir Group

 

Spirax-Sarco Engineering

 

London Stock Exchange Group

 

UK 250 companies going ex-dividend on 20th April 2023:

 

 

Vanquis Banking Group

 

Vistry Group

 

Quilter

 

Vesuvius

 

Ibstock

 

Genuit Group

 

Videndum

 

Rathbones Group

 

Bodycote

 

Drax Group

 

Supermarket Income REIT

 

Foresight Solar Fund

 

Hunting

 

Merchants Trust

 

Schroder Oriental Income Fund

 

JPMorgan American Investment Trust

 

Jupiter Fund Management

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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