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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Abrdn PLC | 224.6 | 5.3% |
| Kingfisher PLC | 287.2 | 4.0% |
| St. James’s Place PLC | 1,281.5 | 3.6% |
| M&G PLC | 214.3 | 3.1% |
| Associated British Foods PLC | 2,007.0 | 1.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Ocado Group PLC | 548.8 | -12.2% |
| Croda International PLC | 6,562.0 | -5.3% |
| Intertek Group PLC | 4,174.0 | -4.6% |
| Bunzl PLC | 2,964.0 | -4.0% |
| Imperial Brands PLC | 2,005.0 | -2.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,876 | -0.7% | 5.6% |
| DOW JONES INDUS. AVG | 32,657 | -0.7% | -3.7% |
| DAX INDEX | 15,365 | -0.1% | 6.3% |
| NIKKEI 225 | 27,446 | 0.1% | 2.2% |
| S&P/ASX 200 INDEX | 7,258 | 0.5% | 2.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 76.74 | 1.40% |
| Brent Crude (ICE) | USD/bbl. | 83.89 | 1.75% |
| Gold Spot | USD/t oz. | 1,827 | 0.6% |
| Copper (Comex) | USd/lb. | 408 | 1.6% |
Click graph to enlarge
The UK 100 called to open +30 points at 7905. UK 100 is set to start the new month higher after survey results pointed to a stronger-than-expected recovery in Chinese manufacturing activity. Wall street ended lower with the Dow -0.7%, S&P -0.3% and Nasdaq -0.1%. In Asia Shanghai closed +0.9% whilst the Hang Seng surged 3.9% as survey data showed that China’s factories returned to growth in February amid the loosening of pandemic restrictions.
Aston Martin report that their losses have swelled to £118m last year, hurt by higher costs and as supply-chain snarls forced the luxury carmaker to delay deliveries.
Persimmon warned of lower profit for 2023 and cut its annual dividend by 75%, after flagging a further slowdown in demand for new homes. Their underlying pretax profit rose 4% to 1.01bn in the year ended Dec 31st, above average analyst estimates of £983.4m.
Reckitt Benckiser marginally beat FY L-f-L net revenue expectations, helped by its nutrition and health businesses. They are targeting L-f-L net revenue growth of mid-single digits for 2023, excluding the lapping of about a 2.5% impact related to the USA supply disruption in infant formula.
Shell completes the sale of its 100% interest in Aera Energy to IKAV for around £2bn in cash.
Wier Group report a pretax profit of £260m, up 24% from £209m. They have raised their annual dividend by 28% to 32.8p, from 23.8p previously. They state that they’ve began 2023 with a “record order book” as they are growing faster than their markets, strengthening margins and cash.
Berenberg Downgrades BAE Systems to Hold from Buy (11 Buys / 4 Holds / 0 Sells)
Liberum Upgrades Smith & Nephew to Buy (5 Buys / 5 Holds / 2 Sells)
UK
Capital & Counties
Persimmon
Rathbone Brothers
Reckitt Benkiser
Weir Group
US
NIO
Jackson Financial
Plug Power
Salesforce
Snowflake
UK
Beazley
CRH
Flutter Entertainment
Grafton Group
Hunting
London Stock Exchange Group
Melrose Industries
National Express Group
Schroders
Spire Healthcare
Taylor Wimpey
Tritax Big Box REIT
US
Broadcom
ChargePoint Holdings
Hewlett Packard Enterprise
Zscaler
Chinese NBS Manufacturing PMI
Chinese Non-Manufacturing PMI
Chinese Caixin Manufacturing PMI
German S&P Global/BME Manufacturing PMI
German Unemployment Change
UK S&P Global/CIPS Manufacturing PMI
BoE's Governor Bailey speech
German Harmonized Index of Consumer Prices
US S&P Global Manufacturing PMI
US ISM Manufacturing PMI
UK 100 companies going ex-dividend on 2nd March 2023:
Diageo
Hargreaves Lansdown
HSBC Holdings
Berkeley Group Holdings
UK 250 companies going ex-dividend on 2nd March 2023:
Diversified Energy Company
Safestore Holdings
Capital & Counties Properties
Ashmore Group
Scottish American Investment Company
JPMorgan Global Growth & Income
Personal Assets Trust
Ruffer Investment Company
HICL Infrastructure
Genus
Hays
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