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Morning Report - 11 March 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Smith (Ds) PLC 342.0 5.2%
Convatec Group PLC 286.0 3.8%
Legal & General Group PLC 249.6 2.0%
Aviva PLC 470.5 1.8%
Bt Group PLC 109.4 1.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
Entain PLC 747.0 -5.4%
Melrose Industries PLC 602.0 -2.5%
Rentokil Initial PLC 492.0 -2.4%
Mondi PLC 1,348.5 -2.3%
GSK PLC 1,673.0 -2.2%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,660 -0.4% -1.1%
DOW JONES INDUS. AVG 38,723 -0.2% 21.4%
DAX INDEX 17,815 -0.2% 15.5%
NIKKEI 225 38,820 -2.2% 37.9%
S&P/ASX 200 INDEX 7,704 -1.8% 7.8%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 77.71 -0.38%
Brent Crude (ICE) USD/bbl. 81.87 -0.26%
Gold Spot USD/t oz. 2,180 0.1%
Copper (Comex) USd/lb. 388 -0.3%
The UK 100 called to open -37 points at 7,622

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -37 points at 7,622. The UK 100 looks set to open lower this morning, following a late decline on Wall Street on Friday, closing out a turbulent week as Nvidia’s incredible run took a breather.  The S&P lost 0.65% to 5,123.69, while the Nasdaq slipped 1.16% to 16,085.11. Both swung into negative territory after rising to new all-time highs earlier in the session. The Dow Jones dropped 68.66 points, or 0.18%, to end at 38,722.69.  This morning saw Tokyo’s Nikkei 225 slump after GDP figures fuelled expectations that the Bank of Japan may soon end its negative interest rate policy.  Gold also notched another record high on Friday, hitting $2,185.

 

 

Company News & Broker Comments:

Company News:

Bodycote confirm their new CEO will be Jim Fairbairn.

 

Currys: Elliot Advisors confirm they won’t make a takeover offer for Currys.

 

Ferrexpo says they have taken steps to settle debt a company claims its Ukraine subsidiary owes.

 

Broker Comments:

CitiGroup Downgrade Virgin Money to Neutral from Buy (7 Buys / 6 Holds / 1 Sell)

 

MacQuarie Downgrades Virgin Money to Neutral (7 Buys / 6 Holds / 1 Sell)

 

RBC Upgrades Marks & Spencer to Outperform from Sector Perform (5 Buys / 8 Holds / 0 Sells)

Reporting Today:

UK

 

HGCapital Trust

 

US

 

Oracle

 

Reporting Tomorrow:

UK

 

Domino’s Pizza Group

Foresight Solar Fund*

Genuit Group

Hill & Smith Holdings

Persimmon

TI Fluid systems

TP ICAP

Target Healthcare

Morgan Advanced Minerals

 

US

 

None

 

 

In Focus Today:

 

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 14th March 2024:

 

NatWest Group

SEGRO

Anglo American

Haleon

Entain

 

 

UK 250 companies going ex-dividend on 14th March 2024:

 

 

Lancashire Holdings

abrdn

Dunelm Group

Apax Global Alpha

Tritax Big Box REIT

JPMorgan Emerging Markets Invest Trust

Balanced Commercial Property Trust

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