This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Taylor Wimpey PLC | 122.0 | 5.8% |
| Barratt Developments PLC | 466.1 | 4.9% |
| Segro PLC | 756.0 | 4.8% |
| Unite Group PLC | 945.5 | 4.8% |
| Natwest Group PLC | 241.9 | 4.2% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Smurfit Kappa Group PLC | 2,802.0 | -3.4% |
| WPP PLC | 748.0 | -2.2% |
| Melrose Industries PLC | 486.0 | -1.8% |
| 3I Group PLC | 2,051.0 | -1.6% |
| Centrica PLC | 169.8 | -1.6% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,732 | 0.9% | 7.3% |
| DOW JONES INDUS. AVG | 34,712 | 0.6% | 12.9% |
| DAX INDEX | 15,775 | 0.7% | 24.4% |
| NIKKEI 225 | 33,024 | -0.7% | 20.9% |
| S&P/ASX 200 INDEX | 7,163 | -0.5% | 5.2% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 91.57 | 0.41% |
| Brent Crude (ICE) | USD/bbl. | 94.39 | 0.05% |
| Gold Spot | USD/t oz. | 1,945 | 0.7% |
| Copper (Comex) | USd/lb. | 379 | 1.0% |
Click graph to enlarge
The UK 100 called to open -56 points at 7,675. The UK 100 is expected to open lower on Thursday ahead of the interest rate decision by the Bank of England after a ‘hawkish hold’ by the US central bank on Wednesday. US stocks retreated after the Federal Reserve signalled one more rate rise this year and fewer cuts next, as it left interest rates unchanged at a 22-year high. The Federal Open Market Committee opted against an interest rate increase following its latest two-day meeting and voted unanimously to hold the federal funds rate between 5.25-5.5%.
CVS Group states that their FY24 has started well as trading is in line with expectations.
Ferrexpo says there are restrictions placed on the corporate rights of two of their Ukrainian units.
Halma reports good progress in H1 and states that their FY24 organic revenue growth guidance is unchanged. They expect good organic FY24 revenue growth with return on sales at the lower end of target.
JD Sports says they are on track to post an annual profit in line with forecasts after their underlying sales grew 12% in H1. They reported a H1 operating profit of £400.1m.
Next have raised their FY profit outlook for the third time in four months as they reported a 4.8% rise in H1. They have raised their profit before tax guidance from £845m to £875m. They state that inflationary pressures on selling prices and operating costs are to ease in FY25.
No new broker comments
UK
Halma
Investec
JD Sports Fashion
Next
Octopus Renewables Infastructre Trust
SSP Group
US
None
UK
None
US
None
Bank of England Minutes
BoE Asset Purchase Facility
BoE Interest Rate Decision
BoE MPC Vote Rate Cut
BoE MPC Vote Rate Hike
BoE MPC Vote Rate Unchanged
BoE Monetary Policy Summary
US Initial Jobless Claims
Philadelphia Fed Manufacturing Survey
US Existing Home Sales Change
EU Consumer Confidence
UK GfK Consumer Confidence
Japanese National Consumer Price Index
Japanese National CPI ex Food, Energy
Japanese National CPI ex-Fresh Food
UK 100 companies going ex-dividend on 21st September 2023:
None
UK 250 companies going ex-dividend on 21st September 2023:
Crest Nicholson Holdings
IG Group Holdings
FDM Group (Holdings)
Fidelity European Trust
Essentra
Grafton Group
JTC
Dowlais Group
Redrow
abrdn Private Equity Opportunities Trust
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.
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.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.