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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Howden Joinery Group PLC | 830.4 | 7.5% |
| Haleon PLC | 332.9 | 6.0% |
| Ocado Group PLC | 508.0 | 3.5% |
| Rentokil Initial PLC | 440.5 | 3.5% |
| Croda International PLC | 4,754.0 | 3.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Whitbread PLC | 3,309.0 | -4.4% |
| International Consolidated Airlines Group S.A. | 148.0 | -3.1% |
| Barclays PLC | 165.0 | -2.3% |
| Weir Group PLC | 1,836.5 | -2.1% |
| Intercontinental Hotels Group PLC | 8,398.0 | -1.8% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,630 | 0.1% | -3.6% |
| DOW JONES INDUS. AVG | 38,996 | 0.1% | 19.4% |
| DAX INDEX | 17,678 | 0.4% | 15.5% |
| NIKKEI 225 | 39,911 | 1.9% | 45.0% |
| S&P/ASX 200 INDEX | 7,746 | 0.6% | 6.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 78.44 | 0.23% |
| Brent Crude (ICE) | USD/bbl. | 82.17 | 0.32% |
| Gold Spot | USD/t oz. | 2,047 | 0.1% |
| Copper (Comex) | USd/lb. | 384 | -0.2% |
Click graph to enlarge
The UK 100 called to open +63 points at 7,693. The UK 100 looks set to open higher this morning, this comes after a strong showing on Wall Street yesterday after PCE data yesterday showed US consumer prices increased at their slowest rate in nearly three years, according to the Federal Reserve’s preferred measure of inflation. The Nasdaq advanced Thursday, rising to its first closing record since November 2021. The tech-heavy index jumped 0.90% to close at an all-time high at 16,091.92, as tech stocks and chips rallied into the close. The S&P also popped to a record close, rising 0.52% to end at 5,096.27. The Dow Jones ticked higher by 0.12% to 38,996.39.
Babcock agrees a £560m contract for maintenance of HMS Victorious submarine, which will bring around 1,000 jobs to the Southwest.
IMI reports a FY pretax profit of £302m as they expect their 2024 FY adjusted EPS to be between 120-126p.
ITV has sold their entire 50% interest in BritBox International to the BBC for £255m.
Pearson met market expectations by reporting a 2023 operating profit of £573m, up 31% on an underlying basis, underpinned by strong demand for English language courses.
Rightmove have forecast their growth in revenue to be 7-9% for the current financial year after they reported a rise in 2023 profit, in line with market expectations, buoyed by resilient traffic on its real estate portal. They poste a 7% rise in operating profit at £258m for the year ended Dec 31st, compared with average analyst forecasts of £258.3m.
Berenberg Downgrades RELX to Hold from Buy (6 Buys / 3 Holds / 0 Sells)
RPT/Numis Downgrades St James’s Place to Hold from Buy (6 Buys / 3 Holds / 0 Sells)
UK
IMI
Pearson
Rightmove
US
None
UK
Clarkson
US
None
Chinese NBS Manufacturing PM
Chinese NBS Non-Manufacturing PMI
Chinese Caixin Manufacturing PMI
German HCOB Manufacturing PMI
EU Harmonized Index of Consumer Prices
EU Unemployment Rate
US ISM Manufacturing Employment Index
US Michigan Consumer Sentiment Index
US ISM Manufacturing PMI
US Fed Monetary Policy Report
UK 100 companies going ex-dividend on 7th March 2024:
Rio Tinto
HSBC Holdings
Standard Chartered
Berkeley Group Holdings
UK 250 companies going ex-dividend on 7th March 2024:
Safestore Holdings
Energean
SDCL Energy Efficiency Income Trust
Assura
PZ Cussons
Law Debenture Corporation
Temple Bar Investment Trust
JPMorgan Global Growth & Income
Ruffer Investment Company
Renishaw
Personal Assets Trust
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