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Morning Report - 11 July 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Flutter Entertainment PLC 15,170.0 3.3%
Ashtead Group PLC 5,195.6 2.0%
Admiral Group PLC 2,066.4 1.8%
Persimmon PLC 991.4 1.7%
Severn Trent PLC 2,433.0 1.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
Ocado Group PLC 579.0 -2.2%
Land Securities Group PLC 565.4 -1.2%
Sainsbury (J) PLC 267.9 -1.0%
National Grid PLC 989.7 -1.0%
Rightmove PLC 515.8 -0.9%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,282 0.4% 1.3%
DOW JONES INDUS. AVG 33,849 0.3% 8.1%
DAX INDEX 15,664 0.4% 20.6%
NIKKEI 225 32,190 -0.6% 20.1%
S&P/ASX 200 INDEX 7,004 -0.5% 4.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.88 0.03%
Brent Crude (ICE) USD/bbl. 78.61 0.18%
Gold Spot USD/t oz. 1,923 -0.1%
Copper (Comex) USd/lb. 378 -0.2%
The UK 100 called to open +13 points at 7286.  

4 hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +13 points at 7286.  The UK 100 looks set to open slightly higher this morning after a positive start to the week yesterday.  The UK jobs market showed signs of easing in May although average earnings remained inflated, according to the latest figures from the Office for National Statistics.  The unemployment rate for March to May 2023 increased by 0.2 percentage points on the quarter to 4.0%.  On Wall Street, the Dow Jones Industrial Average rose 209.52 points, 0.6%, at 33,944.40. The S&P 500 climbed 10.58 points, 0.2%, at 4,409.53, and the Nasdaq Composite gained 24.77 points, 0.2%, at 13,685.48.

 

 

Company News & Broker Comments:

Company News:

Babcock expects their FY results to be in line with guidance at post-close update.

 

 

British Land says their campus occupancy is at 96% with 164,000 sq ft of leasing completed.

 

 

Centrica agrees a long-term LNG supply deal with Delfin Midstream. The 15 year deal will provide enough energy to heat 5% of UK homes and the deal has a market value worth $8bn.

 

 

Galliford Try expects FY pre-exceptional pretax profit to be at upper end of forecasts. They note strong performance across operations with more revenue and pretax profit.

 

 

Just Group reports a H1 loss of £237m.

 

 

Pennon acquires three renewable energy projects in the UK for £85m to commence in 2025.

 

 

Vodafone and Iberdrola sign European solar power purchase agreements.

 

 

Broker Comments:

 

No new broker comments

Reporting Today:

UK

 

Dechra Pharmaceuticals

 

 

US

 

None

Reporting Tomorrow:

UK

 

Tullow Oil plc

 

Me Group

 

PageGroup

 

 

US

 

None

 

 

 

In Focus Today:

UK Average Earnings Excluding Bonus

 

UK Average Earnings Excluding Bonus

 

UK Claimant Count Change

 

UK Claimant Count Rate

 

UK Financial Stability Report

 

UK ILO Unemployment Rate

 

German Harmonized Index of Consumer Prices

 

EU ZEW Survey – Economic Sentiment

 

German ZEW Survey – Current Situation

 

German ZEW Survey – Economic Sentiment

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 13th July 2023:

 

British American Tobacco

 

Halma

 

 

UK 250 companies going ex-dividend on 13th July 2023:

 

Sirius Real Estate

 

CMC Markets

 

Firstgroup

 

Oxford Instruments

 

WH Smith

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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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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