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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Rolls-Royce Holdings PLC | 145.0 | 6.6% |
| Entain PLC | 1,356.5 | 3.8% |
| Sainsbury (J) PLC | 271.2 | 3.1% |
| Melrose Industries PLC | 151.3 | 3.1% |
| Persimmon PLC | 1,438.0 | 3.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Airtel Africa PLC | 121.6 | -1.6% |
| M&G PLC | 207.9 | -1.6% |
| Smith & Nephew PLC | 1,203.5 | -1.0% |
| Haleon PLC | 323.8 | -0.9% |
| Fresnillo PLC | 763.8 | -0.7% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,935 | 0.7% | 6.0% |
| DOW JONES INDUS. AVG | 32,889 | 0.2% | -3.4% |
| DAX INDEX | 15,381 | 1.1% | 5.6% |
| NIKKEI 225 | 27,424 | -0.1% | 3.4% |
| S&P/ASX 200 INDEX | 7,225 | -1.1% | 2.5% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 75.77 | -0.72% |
| Brent Crude (ICE) | USD/bbl. | 82.34 | -0.99% |
| Gold Spot | USD/t oz. | 1,817 | 0.3% |
| Copper (Comex) | USd/lb. | 401 | 1.5% |
Click graph to enlarge
The UK 100 called to open -10 points at 7925. UK 100 is set to open flat on Tuesday as traders wait to see how the breakthrough UK-EU deal on the Northern Irish border is received. Wall Street ended in the green with the Dow +0.2%, S&P +0.3% and Nasdaq +0.6%. In Asia the Nikkei was up 0.1%, Shanghai +0.3% whilst the Hang Seng was down 0.3%
ABRDN fell to a FY pretax loss and reported a slide in client funds for 2022 as global markets turmoil and runaway inflation weighed on its finances. They reported a pretax loss of £615m, compared with a £1.1bn profit the prior year. Asset’s under management fell 8% to £500bn, from £542bn previously. They announced a 14.6p per share FY dividend for investors.
Intertek reports that their pretax profit has grown to £419.8m, from £413.4m YoY. They declare a 2022 dividend of 105.8p per share, unchanged YoY. They have incurred £27m of restructuring costs in 2022 to reduce their cost base in 2023.
Man Group beats expectations on assets under management and posts 6% fee revenue growth. Assets under management rose to $143.3bn, up from $138.4bn previously.
Ocado reported a worse-than-expected FY loss, partly reflecting profits being wiped out at its joint retail venture with Marks & Spencer. They reported a loss before tax of £501m over the year to Nov 27th, which compared to analysts’ average forecast of a £399m loss.
Serco pretax profit rises to £196.8m form £192.2m as they lift their dividend by 19% to 2.86p per share. In 2023 they expect a rise in revenue and underlying trading profit. There is a new £90m share buyback for 2023 amid better-than-expected 2022 cash performance.
Travis Perkins reports that their 2022 pretax profit falls to £245m from £305.6m YoY. They are planning for a decline in overall market volume of mid to high single digit range.
JP Morgan Downgrades Mondi to Neutral from Overweight (6 Buys / 2 Holds / 0 Sells)
UK
Intertek
Morgan Advanced Materials
Ocado Group
Rotork
Senior
St James Place
UNITE Group
abrdn
US
AMC Entertainment
HP
Occidental Petroleum
Rivian Automotive
Virgin Galactic
UK
Capital & Counties
Persimmon
Rathbone Brothers
Reckitt Benkiser
Weir Group
US
NIO
Jackson Financial
Plug Power
Salesforce
Snowflake
US Housing Price Index
US S&P/Case-Shiller Home Price Indices
US Chicago Purchasing Managers' Index
US Consumer Confidence
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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