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Morning Report - 16 February 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Scottish Mortgage Investment Trust PLC 768.8 4.0%
Entain PLC 1,369.0 3.7%
Rolls-Royce Holdings PLC 112.0 3.4%
Crh PLC 3,979.0 3.3%
Burberry Group PLC 2,475.0 2.9%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Barclays PLC 172.6 -7.9%
Hargreaves Lansdown PLC 883.6 -6.8%
Lloyds Banking Group PLC 52.4 -2.6%
Glencore PLC 507.8 -1.6%
Natwest Group PLC 300.8 -1.4%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,998 0.6% 5.2%
DOW JONES INDUS. AVG 34,128 0.1% -2.3%
DAX INDEX 15,506 0.8% 0.9%
NIKKEI 225 27,696 0.7% 0.9%
S&P/ASX 200 INDEX 7,410 0.8% 1.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 79.29 0.89%
Brent Crude (ICE) USD/bbl. 85.93 0.64%
Gold Spot USD/t oz. 1,840 0.2%
Copper (Comex) USd/lb. 406 1.0%
The UK 100 called to open +29 points at 8026. 

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +29 points at 8026.  The UK 100 looks set to open higher this morning, once again testing the 8000 level, this comes after a strong showing in Asia this morning and an all green session on Wall Street yesterday, the Dow Jones, closed Wednesday up 39 points or 0.1%, at 34,128, the Nasdaq jumped 110 points or 0.9%, to end at 12,071 and the S&P added 12 points or 0.3%, to 4,148. The small-cap-focused Russell 2000 improved 20 points or 1.1%, to close at 1,960.

Company News & Broker Comments:

Company News:

Centrica report that their annual profit more than tripled, underpinned by high energy prices and robust volumes from its electricity generation and gas production units. They reported an adjusted operating profit for 2022 of £3.3bn, up from £948m in the previous year.

 

 

GSK says publication in the New England Journal reinforces the potential of GSK RSV vaccine, as the vaccine could become available in 2023 pending regulatory decisions in the US and EU.

 

 

Indivior swings to a pretax loss of $95m from a profit of $190m YoY.

 

 

Moneysupermarket.com report a 2022 pretax profit of £85.2m, up from £70.2m YoY as they keep their annual dividend unchanged at 11.71p.

 

 

Standard Chartered’s annual pretax profit rose a lower-than-expected 28% with rising revenue from global interest rate hikes offsetting the impact of credit impairment from bad loans. They reported a statutory pretax profit of $4.3bn for 2022, compared with average analyst forecasts of $4.73bn. They have announced that a new $1bn share buyback would start imminently.

 

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

Centrica

 

Indivior

 

RELX

 

 

US

 

Applied Materials

Reporting Tomorrow:

UK

 

Allianz Technology Trust

 

City of London Investment Trust*

 

Moneysupermarket.com Group

 

NatWest Group

 

Segro

 

Standard Chartered

 

 

US

 

None

 

 

In Focus Today:

Economic Bulletin

 

US Housing Starts

 

US Initial Jobless Claims

 

US Philadelphia Fed Manufacturing Survey

 

US Producer Price Index ex Food & Energy

 

This Morning's Ex-Dividends:

UK 100 companies going  ex-dividend on 16th February 2023:

 

Imperial Brands

 

BP

 

Shell

 

Pershing Square Holdings

UK 250 companies going  ex-dividend on 16th February 2023:

 

LXi REIT

 

Murray Income Trust

 

NCC Group

 

ICG Enterprise 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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