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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Fresnillo PLC | 580.0 | 4.6% |
| Rio Tinto PLC | 5,001.0 | 3.4% |
| Antofagasta PLC | 1,509.5 | 2.9% |
| Vodafone Group PLC | 75.1 | 2.6% |
| M&G PLC | 198.3 | 2.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Melrose Industries PLC | 485.5 | -5.0% |
| Astrazeneca PLC | 10,502.0 | -3.2% |
| Ocado Group PLC | 808.2 | -2.3% |
| Endeavour Mining PLC | 1,520.0 | -2.2% |
| Croda International PLC | 5,142.0 | -1.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,497 | 0.3% | 0.3% |
| DOW JONES INDUS. AVG | 34,664 | 0.3% | 7.1% |
| DAX INDEX | 15,801 | 0.4% | 17.9% |
| NIKKEI 225 | 32,776 | 1.0% | 14.8% |
| S&P/ASX 200 INDEX | 7,207 | 0.2% | 3.5% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 87.59 | 0.34% |
| Brent Crude (ICE) | USD/bbl. | 90.87 | 0.25% |
| Gold Spot | USD/t oz. | 1,920 | -0.1% |
| Copper (Comex) | USd/lb. | 380 | -0.3% |
Click graph to enlarge
The UK 100 called to open +23 points at 7,519. The UK 100 looks set to open higher after strong gains in the US on Monday and ahead of the latest unemployment figures in the UK. US stocks rose strongly boosted by gains in technology ahead of a pivotal week of US economic data including inflation and retail sales figures. The Nasdaq rose 1.1%, while the S&P added 0.7% and the Dow Jones climbed 0.3%.
Associated British Foods have raised their FY profit outlook for the second time in four months, driven by strong performance from both its Primark clothing business and its food operations. They now expect their 22/23 adjusted operating profit to be “slightly better” than its previous expectations.
Chemring wins orders worth £536m in YTD with their order book at £829m.
Dowlais maintained its 2023 outlook and said its H1 performance was ahead of expectations on the back of robust margins and the rapid transition to electric vehicles. They reported an adjusted H1 operating profit of £177m, compared with £127m a year earlier.
Fevertree Drinks report a H1 pretax profit of £1.4m, down from £17.6m YoY. They have declared an interim dividend of 5.74%, up 2% YoY. They state that their H1 profit is down due to higher cost of sales, admin expenses and depreciation. They have given an EBITDA guidance of £30-36m for 2023 amid £88-92m in overheads.
JTC report a H1 pretax profit of £11.9m.
Melrose Industries says that the full potential cash impact on it of GTF problem is £200m through 2026.
Rotork says Ben Peacock is to be their new CFO.
Exane BNP Upgrades Prudential to Neutral from Underperform (11 Buys / 0 Holds / 0 Sells)
RBC Downgrades Melrose Industries to ‘Sector Perform’ from Outperform (6 Buys / 0 Holds / 0 Sells)
UK
Associated British Foods
Digital 9 Infastructure
Dowlais Group
JTC
US
None
UK
None
US
None
UK Average Earnings Excluding Bonus
UK Average Earnings Including Bonus
UK Claimant Count Change
UK Claimant Count Rate
UK Employment Change
UK ILO Unemployment Rate
EU ZEW Survey – Economic Sentiment
German ZEW Survey – Current Situation
German ZEW Survey – Economic Sentiment
UK 100 companies going ex-dividend on 14th September 2023:
Unite Group
Intertek Group
Melrose Industries
UK 250 companies going ex-dividend on 14th September 2023:
Apax Global Alpha
International Public Partnerships
Bakkavor Group
Energean
SDCL Energy Efficiency Income Trust
LXi REIT
Balanced Commercial Property Trust
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