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Morning Report - 27 September 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Rs Group PLC 760.6 7.1%
Ocado Group PLC 684.4 4.2%
Barclays PLC 159.6 3.9%
Entain PLC 949.4 3.4%
Kingfisher PLC 224.4 2.6%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Smiths Group PLC 1,605.0 -3.7%
Sainsbury (J) PLC 262.5 -2.6%
Spirax-Sarco Engineering PLC 9,248.0 -2.4%
Weir Group PLC 1,875.0 -1.9%
Halma PLC 1,909.3 -1.8%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,638 0.2% 8.8%
DOW JONES INDUS. AVG 33,728 -0.8% 15.7%
DAX INDEX 15,285 -0.8% 25.1%
NIKKEI 225 32,315 -1.1% 21.6%
S&P/ASX 200 INDEX 7,038 -0.5% 8.3%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 90.15 0.52%
Brent Crude (ICE) USD/bbl. 93.55 0.28%
Gold Spot USD/t oz. 1,904 -0.7%
Copper (Comex) USd/lb. 366 -0.4%
The UK 100 called to open -2 points at 7,621

4 hours; 11 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -2 points at 7,621.   The UK 100 looks set to open marginally lower this morning, after heavy falls in US markets after data showed a drop in consumer confidence adding to nerves over a possible government shutdown.  The Dow Jones closed down 1.1%, the S&P fell 1.5% and the Nasdaq shed 1.6%.

 

 

Company News & Broker Comments:

Company News:

Flutter Entertainment acquires a 51% stake in MaxBet for 141m euros in cash.

 

 

Land Securities says Central London business continues to see strong customer demand.

 

 

Old Mutual posted an 8% fall in HY profit as higher interest rates and inflation are squeezing consumers and making it difficult for insurers to generate new business and maintain premium collection.

 

 

Senior announces a 12 month contract extension with Rolls-Royce for which they will supply precision machined structures and components.

 

 

TI Fluid Systems says they are confident in upgraded 2023 outlook from August.

 

Broker Comments:

Jefferies Downgrades British Land to Underperform from Hold (7 Buys / 5 Holds / 2 Sells)

 

 

Jefferies Downgrades Derwent London to Hold from Buy (7 Buys / 3 Holds / 1 Sell)

 

 

Jefferies Downgrades Great Portland Estates to Hold from Buy (5 Buys / 7 Holds / 0 Sells)

 

 

Jefferies Downgrades Land Securities to Underperform from Hold (5 Buys / 9 Holds / 2 Sells)

 

 

Morgan Stanley Downgrades Centrica to Equal-Weight (5 Buys / 3 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

 

 

US

 

Micron Technology

Reporting Tomorrow:

UK

 

Ceres Power

 

 

US

 

Accenture

 

 

In Focus Today:

German Gfk Consumer Confidence Survey

US Durable Goods Orders

US Durable Goods Orders ex Defense

US Durable Goods Orders ex Transportation

US Nondefense Capital Goods Orders ex Aircraft

 

Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 28th September 2023:

 

Barratt Developments

Phoenix Group Holdings

M&G

British American Tobacco

Smurfit Kappa Group

Rightmove

 

 

UK 250 companies going ex-dividend on 28th September 2023:

 

Foresight Group Holdings

TP ICAP Group

Petershill Partners

Hipgnosis Songs Fund

Kainos Group

Computacenter

Mercantile Investment Trust

HgCapital Trust

Games Workshop Group

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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