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Morning Report - 5 April 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Fresnillo PLC 770.4 2.9%
Haleon PLC 331.0 2.6%
Glencore PLC 460.1 1.7%
London Stock Exchange Group PLC 7,852.0 1.5%
Admiral Group PLC 2,078.0 1.3%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Ashtead Group PLC 4,630.0 -5.7%
Johnson Matthey PLC 1,933.0 -3.4%
Rolls-Royce Holdings PLC 145.5 -2.8%
Vodafone Group PLC 87.5 -2.2%
British American Tobacco PLC 2,811.5 -2.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,635 -0.5% 0.3%
DOW JONES INDUS. AVG 33,402 -0.6% -3.6%
DAX INDEX 15,603 0.1% 8.2%
NIKKEI 225 27,813 -1.7% 0.1%
S&P/ASX 200 INDEX 7,237 0.0% -3.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.09 0.47%
Brent Crude (ICE) USD/bbl. 85.40 0.54%
Gold Spot USD/t oz. 2,025 0.2%
Copper (Comex) USd/lb. 396 -0.2%
The UK 100 called to open +14 points at 7647.  

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +14 points at 7647 The UK 100 looks set to make a positive start to proceedings today ahead of a batch of PMI prints in the UK, Europe and the US.  This comes after US stocks slipped on Tuesday after a surprise fall in job openings sparked fears that the economic slowdown may be accelerating.  The Dow Jones slipped 198.77 points, or 0.6%, at 33,402.38. The S&P shed 23.91 points, or 0.6%, at 4,100.60 while the Nasdaq dipped 63.12 points, 0.5%, to 12,126.33.  In Asia, markets in Hong Kong and Shanghai were closed for Tomb Sweeping Day while in Tokyo the Nikkei 225 fell 1.6%.

Company News & Broker Comments:

Company News:

AstraZeneca says Lynparza and Imfinzi combination meet endpoint in ovarian cancer.

 

 

EnQuest report a 2022 pretax profit of $203.2m, down from $352.4m YoY.

 

 

Entain acquires sports media firm 365scores for initial $150m. Contingent payments may add $10m to acquisition sum.

 

 

Hilton Food names Steve Murrells as CEO with effect from July 3rd as they report a FY23 pretax profit of £29.6m, down from £47.4m YoY.

 

 

QunetiQ says their UK maritime strategic capability arrangement has been extended by 10 years.

 

 

Topps Tiles sees profitability in current FY to be weighed towards H2 as they note easing in cost of goods inflation.

 

 

Broker Comments:

 

 

 CitiGroup Upgrades Direct Line Insurance Group to Buy from Sell (4 Buys / 8 Holds / 1 Sell)

Reporting Today:

UK

 

RS Group

 

 

US

 

None

Reporting Thursday:

UK

 

ASOS

 

Ferrexpo

 

Hilton Food Group

 

 

US

 

DOW

 

 

In Focus Today:

German S&P Global/BME Composite PMI

 

EU S&P Global Composite PMI

 

UK S&P Global/CIPS Composite PMI

 

US ADP Employment Change

 

US Goods and Services Trade Balance

 

US S&P Global Composite PMI

 

US S&P Global Services PMI

 

US ISM Services Employment Index

 

US ISM Services New Orders Index

 

US ISM Services PMI

 

US ISM Services Prices Paid

 

Tomorrow's Ex-Dividends:

UK 100 companies going ex-dividend on 6th April 2023:

 

Barratt Developments

 

Reckitt Benckiser Group

 

ConvaTec Group

 

Rentokil Initial

 

Smiths Group

 

F&C Investment Trust

 

UK 250 companies going ex-dividend on 6th April 2023:

 

Man Group

 

Savills

 

Travis Perkins

 

International Public Partnerships

 

Domino's Pizza Group

 

Howden Joinery Group

 

Mercantile Investment Trust

 

Murray International Trust

 

Games Workshop Group

 

VinaCapital Vietnam Opportunity Fund

 

IMI

 

RIT Capital Partners

 

Finsbury Growth & Income Trust

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