Getting latest data loading
Home / Morning Report / Morning Report – 26th February 2024

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 26 February 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Standard Chartered PLC 635.0 4.9%
Rightmove PLC 561.2 1.9%
Astrazeneca PLC 10,220.0 1.8%
Intercontinental Hotels Group PLC 8,752.0 1.8%
JD Sports Fashion PLC 115.4 1.7%
Yesterday’s UK 100 Laggards Price (p) % Chg
St. James’s Place PLC 643.0 -3.0%
Admiral Group PLC 2,533.0 -1.4%
Schroders PLC 397.5 -1.3%
Scottish Mortgage Investment Trust PLC 787.6 -1.2%
Smith (Ds) PLC 320.8 -1.1%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,706 0.3% -2.2%
DOW JONES INDUS. AVG 39,132 0.2% 19.2%
DAX INDEX 17,419 0.3% 14.5%
NIKKEI 225 39,234 0.4% 44.8%
S&P/ASX 200 INDEX 7,653 0.1% 4.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 76.29 -0.26%
Brent Crude (ICE) USD/bbl. 81.47 -0.18%
Gold Spot USD/t oz. 2,034 -0.1%
Copper (Comex) USd/lb. 388 -0.5%
The UK 100 called to open -3 points at 7,703

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -3 points at 7,703.  The UK 100 is called to open very slightly lower this morning, following a mixed trading session in Asia overnight.  Japan was once again the stand out performer, as it continued to hit new highs with the NIkkei in sight of  40,000 for the first time heading towards the close. On Friday Stateside, the S&P 500 inched higher by 0.03% to close at 5,088.80. Earlier in the session, the broad market index broke above 5,100 for the first time. The Dow Jones added 62.42 points, or 0.16%, also reaching a fresh record and closing at an all-time high of 39,131.53. The Nasdaq lost 0.28% to close at 15,996.82, but had notched a fresh 52-week high earlier in the session.  All three major averages registered winning weeks. The S&P advanced 1.66%, while the tech-heavy Nasdaq gained 1.4% for the week. The Dow was up 1.3% for the period.

 

 

Company News & Broker Comments:

Company News:

Bunzl are to buy 80% Nisbets stake for £339m in cash. They report a FY23 pretax profit of £698.6m, up 10% YoY from £634.6m. They expect to deliver “slight revenue growth” in 2024, driven by acquisitions as they expect their group operating margin to be slightly below 2023.

 

GSK reports positive results in test of gepotidacin in uncomplicated urogenital gonorrhoea.

 

Hammerson sells Union Square, a shopping centre in Aberdeen for £111m.

 

Broker Comments:

 

Jefferies Upgrades ITM Power to Buy from Hold (6 Buys / 6 Holds / 2 Sells)

Reporting Today:

UK

 

Bunzl

 

US

 

Berkshire Hathaway

 

Reporting Tomorrow:

UK

 

Croda International

Smith & Nephew*

abrdn

 

US

 

Lemonade

Virgin Galactic

 

 

In Focus Today:

US New Home Sales Change

Japanese National Consumer Price Index

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 29th February 2024:

 

Barclays

Diageo

 

 

UK 250 companies going ex-dividend on 29th February 2024:

 

 

Diversified Energy Company

Plus500

Ashmore Group

JLEN Environmental Assets Group

North Atlantic Smaller Companies Inv Tst

HICL Infrastructure

Hargreaves Lansdown

LondonMetric Property

Hays

Scottish American Investment Company

Alliance Trust

Genus

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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.