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Morning Report - 16 June 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 427.5 4.5%
Informa PLC 729.2 3.5%
Reckitt Benckiser Group PLC 6,028.0 2.1%
Astrazeneca PLC 11,702.0 1.7%
Relx PLC 2,620.0 1.6%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Halma PLC 2339.0 -3.7%
Natwest Group PLC 257.1 -3.1%
Smurfit Kappa Group PLC 2848.0 -2.9%
Legal & General Group PLC 231.5 -2.7%
Frasers Group PLC 679.5 -2.7%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,625 0.3% 4.5%
DOW JONES INDUS. AVG 34,334 1.0% 12.0%
DAX INDEX 16,268 -0.3% 19.9%
NIKKEI 225 33,485 -0.1% 26.7%
S&P/ASX 200 INDEX 7,175 0.2% 8.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 69.86 2.33%
Brent Crude (ICE) USD/bbl. 74.87 2.28%
Gold Spot USD/t oz. 1,955 0.6%
Copper (Comex) USd/lb. 390 0.5%
The UK 100 called to open +17 points at 7645.

4 hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +17 points at 7645.   The UK 100 is expected to open higher in early exchanges after strong gains in the US.  Stocks soared and the dollar slipped on Thursday as investors took the view US interest rates may have peaked, despite the Federal Reserve's claim otherwise.  The Dow Jones closed up 428.73 points or 1.3%, at 34,408.06. The S&P rose 53.25 points or 1.2%, at 4,425.84, and the Nasdaq gained 156.34 points or 1.2%, at 13,782.82

 

Company News & Broker Comments:

Company News:

Currys commences strategic review of Greek business Kotsovolos; potential sale.

 

 

GlaxoSmithKline announces an extension of the FDA review period for momelotinib.

 

 

ITV says they are actively exploring the possible acquisition pf All3Media.

 

 

Peel Hunt swings to a FY23 pretax loss of £1.5m from a profit of £41.2m YoY.

 

 

Tesco have maintained their guidance for the year as they reported a 9% rise in underlying UK sales in Q1, driven by inflation. They still expect to deliver broadly flat retail adjusted operating profit in the 2023/24 year. They made £2.49bn in 2022/23.

 

 

Travis Perkins expects their 2023 adjusted operating profit to be around £240m.

 

 

Broker Comments:

 No new broker comments

Reporting Today:

UK

 

Tesco

 

 

US

 

None

Reporting Monday:

UK

 

None

 

 

US

 

None

 

 

In Focus Today:

BoJ Interest Rate Decision

 

BoJ Monetary Policy Statement

 

BoJ Press Conference

 

EcoFin Meeting

 

EU Core Harmonized Index of Consumer Prices

 

EU Labor Cost

 

Michigan Consumer Sentiment Index

 

 

Next 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

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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