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Morning Report - 24 April 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Dowlais Group PLC 122.2 4.3%
Smith & Nephew PLC 1,277.5 2.5%
Next PLC 6,794.0 2.3%
Rs Group PLC 900.0 2.3%
Flutter Entertainment PLC 15,885.0 1.7%
Yesterday’s UK 100 Laggards Price (p) % Chg
Anglo American PLC 2,552.5 -6.0%
Rio Tinto PLC 5,131.0 -5.7%
Fresnillo PLC 761.0 -3.2%
Antofagasta PLC 1,530.0 -2.8%
Endeavour Mining PLC 2,112.0 -2.4%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,914 0.2% 5.2%
DOW JONES INDUS. AVG 33,809 0.1% 0.0%
DAX INDEX 15,882 0.5% 12.3%
NIKKEI 225 28,594 0.1% 5.5%
S&P/ASX 200 INDEX 7,322 -0.1% -2.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 76.88 -1.27%
Brent Crude (ICE) USD/bbl. 80.71 -1.16%
Gold Spot USD/t oz. 1,981 -0.1%
Copper (Comex) USd/lb. 399 0.1%
The UK 100 called to open -18 points at 7896.

4 hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -18 points at 7896.  The UK 100 is expected to open lower this Monday.  On Friday Wall Street closed in a stronger position, with the Dow Jones marginally higher, adding 22 points, or 0.07% to trade at 33,808, and the S&P 3.7 points higher or 0.09%, at 4,133.  The Nasdaq closed 12.9 points, or 0.11% higher at 12,072.

Company News & Broker Comments:

Company News:

Mind Gym expects their FY23 pretax profit to be broadly inline with expectations.

 

 

Shanta Gold CEO Eric Zurrin is to step down from his role after six years at the company.

 

 

Supermarket Income acquires Tesco omnichannel supermarket at Worcester for £38.3m.

 

 

THG names Sue Farr as their new senior independent director, effective immediately.

 

 

Broker Comments:

 

Citigroup Upgrades Wizz Air to Neutral (8 Buys / 4 Holds / 3 Sells)

 

 

RPT/Jefferies Downgrades Network International to Hold from Buy (4 Buys / 2 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

 

US

 

None

Reporting Tuesday:

UK

 

Associated British Foods

 

Travis Perkins

 

Whitbread

 

 

US

 

3M Co

 

General Electric

 

General Motors

 

McDonald's Corp

 

PepsiCo

 

Spotify Technology SA

 

Verizon Communications

 

Alphabet Inc C

 

Alphabet Inc A

 

Illumina

 

Microsoft Corp

 

Visa Inc Class A

 

 

In Focus Today:

German IFO – Business Climate

 

German IFO – Current Assessment

 

German IFO – Expectations

 

US Chicago Fed National Activity Index

 

This Week's Ex-Dividends:

UK 100 companies going ex-dividend on 27th April 2023:

 

Legal & General Group

 

RELX

 

Fresnillo

 

Rightmove

 

Croda International

 

UK 250 companies going ex-dividend on 27th April 2023:

 

 

Bakkavor Group

 

Morgan Sindall Group

 

Derwent London

 

Sequoia Economic Infrastructure Inc Fnd

 

Coats Group

 

Bridgepoint Group

 

Greggs

 

City of London Investment Trust

 

Senior

 

Bankers Investment Trust

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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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