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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Croda International PLC | 4,896.0 | 2.7% |
| Centrica PLC | 131.7 | 0.9% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Ocado Group PLC | 345.6 | -5.0% |
| Phoenix Group Holdings PLC | 486.6 | -4.3% |
| Scottish Mortgage Investment Trust PLC | 829.4 | -4.3% |
| Standard Chartered PLC | 639.2 | -3.9% |
| Smith (Ds) PLC | 394.0 | -3.8% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,820 | -1.8% | -0.8% |
| DOW JONES INDUS. AVG | 37,799 | 0.2% | 11.2% |
| DAX INDEX | 17,766 | -1.4% | 12.5% |
| NIKKEI 225 | 37,962 | -1.3% | 33.9% |
| S&P/ASX 200 INDEX | 7,606 | -0.1% | 3.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 84.81 | -0.64% |
| Brent Crude (ICE) | USD/bbl. | 89.57 | -0.50% |
| Gold Spot | USD/t oz. | 2,375 | -0.3% |
| Copper (Comex) | USd/lb. | 429 | -0.3% |
Click graph to enlarge
The UK 100 called to open -12 points at 7,805. The UK bluechip index looks set to open lower once, data out this morning showed Inflation has eased to 3.2% down from 3.4%, official figures from the Office for National Statistics show, the lowest level since 2021, raising hopes for the Bank of England may start cutting interest rates sooner rather than later. Stateside yesterday saw the S&P slip after Federal Reserve Chair Jerome Powell said interest rates may need to stay elevated. The broad index lost 0.21% to finish at 5,051.41, while the Nasdaq shed 0.12% to 15,865.25. The Dow Jones rose 63.86 points, or 0.17%, to 37,798.97. The Dow snapped a six-day run of losses.
Anglo American’s cycle 3 rough diamond sales value comes in at $445m, down from $542m YoY. They note that the uncertain landscape and slow pace of growth in China has been affecting their business.
Antofagasta updated that their copper output fell 11% in Q1 2024 due to reduced ore grades at its Centinela operation. They produced 129,400 metric tons of copper during the period, down 32.4% from Q4 last year.
ASOS sunk to a H1 loss but have stuck to their annual guidance for an improvement, naming Dave Murray as their new CFO. They posted a HY pretax loss of £270m.
British American Tobacco & Imperial Brands: Rishi Sunak’s plan to ban anyone aged 15 and under from ever buying cigarettes passed its first parliamentary vote on Tuesday.
De La Rue says their FY24 adjusted operating profit is to be in line with previous expectations.
Entain reported a fall in Q1 online gaming revenue, hurt by stiff competition and regulatory pressures in its main markets. They stated that their online net gaming revenue was down 2% in Q1, while total group net gaming revenue was up 6%.
GSK notes that end-of-trial data shows 79.7% efficacy in some patients re Shingrix for Shingles.
Rio Tinto reported a 5% fall in Q1 iron ore shipments, missing estimates because of weather disruptions at ports and reduced production from some of its Western Australian mines.
Saga reported a FY adjusted pretax profit of £38.2m.
Bernstein Downgrades Pennon Group to Market-Perform from Outperform (3 Buys / 7 Holds / 0 Sells)
Bernstein Upgrades Severn Trent to Outperform from Market-Perform (2 Buys / 3 Holds / 2 Sells)
JP Morgan Upgrades Fresnillo to Overweight from Neutral (1 Buy / 11 Holds / 0 Sells)
RBC Upgrades Pennon Group to Outperform from Sector Perform (3 Buys / 7 Holds / 0 Sells)
UK
Rio Tinto
Saga
US
None
UK
AJ Bell
Dunelm Group
Rentokil Initial
Segro
easyJet
Centamin
US
Blackstone
Taiwan Semiconductor Manufacturing
Intuitive Surgical
Netflix
IMF Meeting
UK Consumer Price Index
UK Producer Price Index
UK Retail Price Index
EU Core Harmonized Index of Consumer Prices
BoE’s Greene speech
BoE’s Governor Bailey speech
BoE’s Haskel speech
Fed’s Beige Book
Fed’s Mester speech
UK 100 companies going ex-dividend on 18th April 2024:
Antofagasta
BAE Systems
Unite Group
Croda International
London Stock Exchange Group
Weir Group
Fresnillo
UK 250 companies going ex-dividend on 18th April 2024:
Jupiter Fund Management
Drax Group
Vesuvius
Serco Group
Rotork
Quilter
Rathbones Group
Kier Group
Bridgepoint Group
Dowlais Group
JPMorgan American Investment Trust
Merchants Trust
TwentyFour Income Fund
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