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Morning Report - 24 July 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Hargreaves Lansdown PLC 927.0 1.9%
Haleon PLC 337.9 1.5%
Ashtead Group PLC 5,574.0 1.4%
Rentokil Initial PLC 639.0 1.3%
Relx PLC 2,608.0 1.1%
Yesterday’s UK 100 Laggards Price (p) % Chg
Wpp PLC 828.0 -4.2%
Prudential PLC 1,043.5 -3.0%
Mondi PLC 1,301.5 -2.2%
Natwest Group PLC 251.4 -2.1%
Bt Group PLC 123.2 -2.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,664 0.2% 5.3%
DOW JONES INDUS. AVG 35,228 0.0% 10.4%
DAX INDEX 16,177 -0.2% 22.1%
NIKKEI 225 32,701 1.2% 17.2%
S&P/ASX 200 INDEX 7,306 -0.1% 7.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 76.75 -0.42%
Brent Crude (ICE) USD/bbl. 80.75 -0.39%
Gold Spot USD/t oz. 1,961 -0.1%
Copper (Comex) USd/lb. 381 -0.3%
The UK 100 called to open -36 point at 7,627

4 hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -36 point at 7,627.  The UK 100 looks set to open lower this morning, with interest rate decisions due both in Europe and the US.  The US Federal Reserve will announce its rate decision on Wednesday, with the European Central Bank following suit a day after.  In addition to this, it is a big week for company earnings in the UK.

 

 

Company News & Broker Comments:

Company News:

Cranswick report that their FY results would be ahead of its previous expectations as strong demand in the UK has helped offset weak export volumes.

 

 

GSK says ViivHealthcare’s cabotegravir for HIV protection gets positive EMA opinion.

 

 

Ryanair report that their Q1 pretax profit has increased to 740.7m euros up YoY from 203m euros.

 

 

Vodafone reported Q1 group service revenue growth of 3.7% driven by strong performance in Britain and an improvement in the rate of decline in German, Italy and Spain. They also appointed Luka Mucic as their new CFO effective from September 2023.

 

 

Broker Comments:

Peel Hunt Upgrades International Distribution Services to Hold from Sell (1 Buy / 7 Holds / 3 Sells)

Reporting Today:

UK

 

Vodafone

 

 

 

US

 

None

Reporting Tomorrow:

UK

 

Compass Group

 

Croda International

 

Games Workshop Group

 

Sthree

 

Tyman

 

Unite Group

 

Unilever

 

 

US

 

3M Co

 

General Electric

 

General Motors

 

Spotify Technology SA

 

Verizon Communications

 

Alphabet Inc C

 

Alphabet Inc A

 

Microsoft Corp

 

Mondelez

 

Snap Inc A

 

Teladoc Health

 

 

In Focus Today:

German HCOB Composite PMI

 

German HCOB Manufacturing PMI

 

German HCOB Services PMI

 

EU HCOB Composite PMI

 

EU HCOB Manufacturing PMI

 

EU HCOB Services PMI

 

UK S&P Global/CIPS Composite PMI

 

UK S&P Global/CIPS Manufacturing PMI

 

UK S&P Global/CIPS Services PMI

 

US S&P Global Composite PMI

 

UK S&P Global Manufacturing PMI

 

UK S&P Global Services PMI

 

This Week’s Ex-Dividends:

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

 

SSE

 

 

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

 

NB Private Equity Partners

 

QinetiQ Group

 

Bankers Investment Trust

 

Monks Investment Trust

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