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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Admiral Group PLC | 2,698.0 | 4.9% |
| Antofagasta PLC | 1,825.0 | 3.1% |
| Hikma Pharmaceuticals PLC | 1,910.0 | 2.9% |
| Imperial Brands PLC | 1,740.5 | 2.8% |
| Astrazeneca PLC | 10,450.0 | 2.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| St. James’s Place PLC | 453.7 | -3.6% |
| SSE PLC | 1,613.0 | -2.2% |
| Airtel Africa PLC | 93.9 | -2.0% |
| Centrica PLC | 130.2 | -1.9% |
| Convatec Group PLC | 280.8 | -1.8% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,669 | 0.1% | -1.0% |
| DOW JONES INDUS. AVG | 38,770 | 0.1% | 21.5% |
| DAX INDEX | 17,746 | -0.4% | 15.0% |
| NIKKEI 225 | 38,798 | -0.1% | 37.9% |
| S&P/ASX 200 INDEX | 7,713 | 0.1% | 8.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 78.25 | 0.41% |
| Brent Crude (ICE) | USD/bbl. | 82.60 | 0.47% |
| Gold Spot | USD/t oz. | 2,176 | -0.3% |
| Copper (Comex) | USd/lb. | 393 | -0.1% |
Click graph to enlarge
The UK 100 called to open +66 points at 7,735. The UK 100 looks set to open higher this morning after softer than expected job numbers this morning, which showed UK unemployment rate has unexpectedly risen to 3.9% in the three months to January, according to new figures from the Office for National Statistics, from 3.8% before, where it was expected to remain. Average weekly earnings in the period were up 5.6% on the same period a year ago, down more than expected from the 5.8% a month ago. This may be seen as an encouraging sign for the Bank of England as it seeks to cut interest rates. Stateside yesterday saw The S&P pull back on Monday as the rally that brought the major averages to record highs cooled off. The broad S&P slipped 0.11% to 5,117.94. The Nasdaq slid 0.41% to 16,019.27, as technology stocks struggled. Both saw their second negative sessions in a row. The Dow Jones reversed earlier losses to add 46.97 points, or 0.12%, to finish at 38,769.66.
Dominos Pizza Group report a 2023 pretax profit of £142.3m as they have maintained strong momentum against key strategic priorities in Q1. They state that trading improved in February after a slow January as they are confident of like-for-like sales growth in 2024. They expect their 2024 net debt to be between £250-270m at year end vs £232.8m in 2023. They have agreed to buy Shorecal for 72m euros.
Hill & Smith report a FY pretax profit of £93.2m as they are confident they will make good progress in 2024.
Persimmon reports a 2023 pretax profit of £351.8m, down from £730.7m YoY. They declare a total dividend of 60p per share, unchanged YoY. They state that 2024 will be “another challenging year” but are confident that it will manage the volatility. They state that market conditions are expected to remain subdued throughout the year as their near-term outlook remained “uncertain”.
TP ICAP report a 2023 pretax profit of £96m, down from £113m YoY. They have freed up £100m in cash by end of 2023, ahead of schedule to cut their debt. They state that the first two months trading in 2024 has been good, they are comfortable with market expectations for 2024. They will also launch a new £30m share buyback programme, after completing their previous one.
No new broker comments
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
UK
4imprint Group
Balfour Beatty
Ferrexpo
IP Group
Supermarket income REIT
Witan Investment Trust*
US
None
EcoFin Meeting
German Harmonized Index of Consumer Prices
UK ILO Unemployment Rate
UK Claimant Count Rate
UK Employment Change
UK Average Earnings Excluding Bonus
US Consumer Price Index
US Monthly Budget Statement
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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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.
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