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Morning Report - 21 June 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Beazley PLC 590.0 2.6%
Rolls-Royce Holdings PLC 156.9 2.0%
B&M European Value Retail S.A. 565.0 1.5%
Centrica PLC 120.3 1.4%
Johnson Matthey PLC 1,715.0 1.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
Anglo American PLC 2,395.0 -3.6%
Natwest Group PLC 245.6 -2.8%
Prudential PLC 1,097.5 -2.8%
Ocado Group PLC 424.9 -2.3%
Glencore PLC 449.0 -2.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,575 -0.2% 6.7%
DOW JONES INDUS. AVG 33,990 -0.9% 13.7%
DAX INDEX 16,117 -0.5% 21.9%
NIKKEI 225 33,389 0.1% 27.2%
S&P/ASX 200 INDEX 7,358 0.9% 12.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 70.49 -1.80%
Brent Crude (ICE) USD/bbl. 75.43 -0.87%
Gold Spot USD/t oz. 1,936 -0.8%
Copper (Comex) USd/lb. 389 -0.1%
The UK 100 called to open -17 points at 7552. 

4 hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -17 points at 7552.   The UK 100 looks set to open slightly lower this morning on the back of UK CPI data showing that inflation rose by 8.7% in the past 12 months, and remained at 0.7% for May, the same figure as this time last year.  On Wall Street yesterday, Stocks ended broadly lower for the first trading day of the week, as a rally that drove the market to levels not seen in more than a year took a breather. The Dow Jones fell by 245.25 points, or 0.72%, to end at 34,053.87. The S&P 500 gave up 0.47% to  trade at 4,388.71, while the Nasdaq dropped 0.16% to end the session at 13,667.29.

 

 

Company News & Broker Comments:

Company News:

Anglo American says the diamond industry remains cautious heading into the summer. Their 2023 Cycle 5 De Beers sales total came in at $450m, down YoY from $657m.

 

 

Berkeley Group Holdings report a FY23 pretax profit of £604m, up 9.5% from £551.5m YoY. They state that their position is robust and that they have good earnings visibility over the next two years.

 

 

GlaxoSmithKline hails positive data for RSV vaccine Arexvy as their phase III trial indicates it gives protection over two RSV seasons.

 

 

Halfords reports a 55% fall in FY23 pretax profit YoY to £43.5m from £96.6m previously.

 

 

THG report that they’ve had a strong 2023 and expects a significant increase in H1 2023.

 

 

Broker Comments:

Barclays Downgrades Rathbones to Underweight from Equal Weight (2 Buys / 7 Holds / 0 Sells)

 

 

Barclays Upgrades AJ Bell to Equal Weight from Underweight (7 Buys / 3 Holds / 0 Sells)

 

 

Barclays Upgrades St James’s Place to Overweight from Equal Weight (7 Buys / 6 Holds / 0 Sells)

 

 

Credit Suisse Upgrades Mondi to Neutral from Underperform (4 Buys / 3 Holds / 0 Sells)

Reporting Today:

UK

 

Berkeley Group Holdings

 

Liontrust Asset Management

 

 

US

 

None

Reporting Tomorrow:

UK

 

DS Smith

 

Serco Group

 

Urban Logistics REIT

 

 

US

 

Accenture

 

 

In Focus Today:

UK Consumer Price Index

 

UK PPI Core Output

 

UK Retail Price Index

 

 

Tomorrow'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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