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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Smurfit Kappa Group PLC | 2,818.0 | 5.2% |
| Antofagasta PLC | 1,509.0 | 5.1% |
| Rs Group PLC | 756.0 | 4.7% |
| Glencore PLC | 457.2 | 4.6% |
| Persimmon PLC | 1,054.0 | 4.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| International Consolidated Airlines Group S.A. | 156.7 | -2.3% |
| Bunzl PLC | 2,814.0 | -2.1% |
| London Stock Exchange Group PLC | 7,986.0 | -0.2% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,420 | 1.9% | 2.5% |
| DOW JONES INDUS. AVG | 34,535 | 0.8% | 11.4% |
| DAX INDEX | 16,029 | 1.5% | 23.6% |
| NIKKEI 225 | 31,944 | -0.8% | 20.6% |
| S&P/ASX 200 INDEX | 7,136 | 0.4% | 7.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 75.70 | 1.16% |
| Brent Crude (ICE) | USD/bbl. | 80.14 | 0.93% |
| Gold Spot | USD/t oz. | 1,955 | 1.2% |
| Copper (Comex) | USd/lb. | 385 | 2.4% |
Click graph to enlarge
The UK 100 called to open +3 points at 7,422. UK 100 is set to edge higher on Thursday as the pound advanced after cooler-than-expected US inflation print. UK GDP m/m came in this morning at -0.1% when a -0.3% contraction was expected. In the US on Wednesday, Wall Street ended higher with the Dow +0.3%, S&P +0.7% and Nasdaq +1.2%. Equities in Asia also got a boost from the US inflation print, despite data showing a slump in Chinese exports. The Nikkei closed +1.5%, Shanghai +1.2% and Hang Seng +2.6%.
Barratt Developments have said they will build fewer homes this fiscal year as mounting worries over mortgage affordability and sticky inflation drive homebuyers away. Their forecast home-build volumes for the 2024 fiscal year ending June 30th to be in a range of 13,250-14,250 units, down from 17,206 homes constructed in the year-ago period.
DCC says their Q1 operating profit is in line with expectations “modestly” ahead of prior year.
Experian has maintained its annual outlook as they reported a 5% rise in quarterly revenue despite weaker lending volumes in some of its markets. They still expect annual organic revenue growth to be in the 4-6% range they forecast in May. Analysts expect growth of around 5.3% for the period, based on company-compiled estimates.
Hays posted a fall in Q4 net fees as permanent hiring took a hit from low client and candidate activity amid macroeconomic uncertainties.
Wood Group report that their H1 trade is “good across all business units” with revenue increasing 15% to $2.9bn YoY. They confirm their FY outlook including a return to making positive free cash flow. Their order book at June 30th was around $6bn, up 3% on a constant currency basis YoY.
Barclays Upgrades Schroders to Overweight from Equal Weight (1 Buy / 11 Holds / 0 Sells)
Berenberg Upgrades Hunting to Buy from Hold (3 Buys / 1 Hold / 0 Sells)
CitiGroup Downgrades Computacenter to Neutral (5 Buys / 3 Holds / 0 Sells)
JP Morgan places St James’s Place on Negative catalyst watch (7 Buys / 5 Holds / 0 Sells)
UK
Barratt Developments plc
Experian Plc
Hays plc
Wood Group
US
Delta Air Lines
PepsiCo
UK
Liontrust Asset Management
Ashmore Group plc
Ninety One
US
BlackRock
Citigroup Inc
JPMorgan Chase & Co
UnitedHealth Group
Wells Fargo & Co
Chinese Exports
Chinese Imports
Chinese Trade Balance
UK Gross Domestic Product
UK Industrial Production
UK Manufacturing Production
European Commission releases Economic Growth Forecasts
EU Industrial Production s.a.
ECB Monetary Policy Meeting Accounts
US Initial Jobless Claims
US Producer Price Index
US Monthly Budget Statement
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
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