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Morning Report - 15 March 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Convatec Group PLC 289.4 2.3%
Informa PLC 821.6 2.0%
Weir Group PLC 1,983.5 1.5%
Smurfit Kappa Group PLC 3,484.0 1.5%
Berkeley Group Holdings (The) PLC 4,672.0 1.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
Anglo American PLC 1,830.6 -5.5%
Natwest Group PLC 240.2 -5.0%
Segro PLC 851.0 -3.7%
International Consolidated Airlines Group S.A. 149.1 -3.2%
St. James’s Place PLC 425.1 -2.6%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,743 -0.4% 1.4%
DOW JONES INDUS. AVG 38,906 -0.4% 21.0%
DAX INDEX 17,942 -0.1% 17.8%
NIKKEI 225 38,807 0.3% 42.5%
S&P/ASX 200 INDEX 7,714 -0.2% 9.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.09 1.72%
Brent Crude (ICE) USD/bbl. 85.16 1.34%
Gold Spot USD/t oz. 2,163 -0.5%
Copper (Comex) USd/lb. 405 -0.2%
The UK 100 called to open -3 points at 7,742

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -3 points at 7,742. UK 100 is called to open slightly lower on Friday, returning some of its weekly gain, after a US producer price reading hurt shares in New York overnight. The Dow closed -0.4%, S&P -0.3% and Nasdaq -0.3%. In Asia the Nikkei closed -0.3%, Shanghai +0.2% and Hong Kong -2%.

 

 

Company News & Broker Comments:

Company News:

Berkeley Group says all sales for FY24 have been secured and cites 70% of sales are secured for FY25.

 

Bodycote reports a 2023 pretax profit of £111.7m, up from £95.3m YoY.

 

Vodafone have agreed to sell their Italian business to Swisscom AG for 8bn euros and will return half of the proceeds to shareholders.

 

WH Smith CFO & COO Robert Moorhead will retire on Nov 30th 2024, as they appoint Max Izzard from Burberry to replace him.

 

 

Broker Comments:

HSBC Upgrades Deliveroo to Buy (5 Buys / 6 Holds / 2 Sells)

 

Jefferies Upgrades Mondi to Buy from Hold (1 Buy / 2 Holds / 0 Sells)

 

Morgan Stanley Upgrades Smurfit Kappa to Overweight from Equal Weight (3 Buys / 1 Hold / 0 Sells)

 

RBC Downgrades CVS Group to Sector Perform from Outperform (7 Buys / 2 Holds / 0 Sells)

Reporting Today:

UK

 

Volution Group

 

US

 

None

 

Reporting Tomorrow:

UK

 

Marshalls

 

US

 

None

 

 

In Focus Today:

UK Consumer Inflation Expectations

NY Empire State Manufacturing Index

US Industrial Production

UoM 5-year Consumer Inflation Expectation

Michigan Consumer Sentiment Index

 

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 21st March 2024:

 

Schroders

British American Tobacco

Beazley

Hikma Pharmaceuticals

Pearson

 

 

UK 250 companies going ex-dividend on 21st March 2024:

 

 

Crest Nicholson Holdings

BlackRock World Mining Trust

Chemring Group

HgCapital Trust

abrdn Private Equity Opportunities Trust

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.


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