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Morning Report - 21 August 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
British American Tobacco PLC 2,525.0 1.5%
Tesco PLC 249.7 1.3%
Wpp PLC 744.6 0.9%
Bae Systems PLC 963.4 0.8%
Sage Group PLC 943.4 0.5%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Airtel Africa PLC 108.7 -4.4%
Rs Group PLC 696.6 -3.5%
Antofagasta PLC 1,375.5 -3.3%
Prudential PLC 947.0 -3.2%
Jd Sports Fashion PLC 149.7 -2.4%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,262 -0.7% -3.8%
DOW JONES INDUS. AVG 34,501 0.1% 2.4%
DAX INDEX 15,574 -0.7% 15.0%
NIKKEI 225 31,566 0.4% 9.1%
S&P/ASX 200 INDEX 7,116 -0.5% 0.0%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.95 0.86%
Brent Crude (ICE) USD/bbl. 85.46 0.78%
Gold Spot USD/t oz. 1,889 0.0%
Copper (Comex) USd/lb. 375 0.2%
The UK 100 called to open +2 points at 7,264

4 hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +2 points at 7,264.  The UK 100 looks set to open marginally higher this morning, as investors digest the latest moves by Chinese authorities to boost its flagging economy.  China has cut a benchmark lending rate but surprised the market by leaving the 5 year rate unchanged as policymakers grapple with their response to slowing economic growth, a property sector cash crunch and a weakening currency.  In early UK news, house prices declined at the fastest pace for the month of August since 2018, while year-on-year, they declined for the first time since prior to the pandemic, according to numbers from Rightmove.

 

 

Company News & Broker Comments:

Company News:

Crest Nicholson have lowered their annual profit expectations in the wake of challenging trading conditions as high interest rates and sticky inflation have drove house buyers away. They see their FY23 adjusted profit before tax being around £50m.

 

 

Indivior are to pay 30m euros to end payor claimants in litigation settlement.

 

 

Thungela ups their 2023 guidance to 11.5-12.5 mt export saleable output v 10.5-12.5.

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

None

 

 

 

US

 

Deere & Co

The Estee Lauder Companies

Xpeng

Palo Alto Networks

Reporting Monday:

UK

 

None

 

 

US

 

Zoom Video Communications

 

 

In Focus Today:

UK Retail Sales

EU Core Harmonized Index of Consumer Prices

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 24th August 2023:

 

Aviva

Legal & General Group

St. James’s Place

Mondi

Diageo

Land Securities Group

Auto Trader Group

Haleon

 

 

UK 250 companies going ex-dividend on 24th August 2023:

 

Plus500

Hammerson

OSB Group

Henderson Smaller Cos Inv Tst

Ibstock

HICL Infrastructure

Drax Group

RHI Magnesita N.V.

Shaftesbury Capital

Temple Bar Investment Trust

Just Group

Witan Investment Trust

Personal Assets Trust

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