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Morning Report - 18 July 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Spirax-Sarco Engineering PLC 10675 2.1%
Rentokil Initial PLC 623.2 1.6%
NatWest Group PLC 246.6 1.5%
Compass Group PLC 2124 1.5%
Pershing Square Holdings LTD 2910 1.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Coca-Cola HBC AG 2330 -4.2%
Flutter Entertainment PLC 15435 -3.4%
Glencore PLC 453.7 -2.8%
Anglo American PLC 2290.5 -2.5%
Antofagasta PLC 1499 -2.5%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,406 -0.4% 3.5%
DOW JONES INDUS. AVG 34,589 0.2% 10.7%
DAX INDEX 16,069 -0.2% 24.9%
NIKKEI 225 32,391 -0.1% 20.9%
S&P/ASX 200 INDEX 7,299 -0.1% 9.1%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 74.08 -1.8%
Brent Crude (ICE) USD/bbl. 78.42 -1.8%
Gold Spot USD/t oz. 1,955 0%
Copper (Comex) USd/lb. 384.50 -2.2%
The UK 100 called to open +1 point at 7,414. 

4 hours; 5 Months

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Markets Overview:

The UK 100 called to open +1 point at 7,414. UK 100 is set to open flat on Tuesday ahead of more US corporate earnings from Bank of America and Morgan Stanley later today. Wall Street ended higher on Monday as the Dow closed 0.2%, S&P 0.4% and Nasdaq 0.9%. In Asia on Tuesday the Nikkei closed 0.1%, Shanghai -0.2% and Hong Kong -1.9%.

 

 

Company News & Broker Comments:

Company News:

Boohoo enters into a settlement agreement with Revolution Beauty.

 

Darktrace expects revenue for FY23 of at least $544.3m as preliminary results deliver against expectations for both Q4 and FY23.

 

Ocado has maintained their financial guidance for the year as they reported a return to underlying profit in H1.

 

Wise report that their Q1 revenue increased 29% YoY to £240m.

 

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

Rio Tinto plc

 

Ocado

 

 

US

 

Bank of America Corp

 

Morgan Stanley

Reporting Tomorrow:

UK

 

Me Group International

 

Antofagasta

 

Hargreaves Lansdown

 

 

US

 

Goldman Sachs

 

International Business Machines

 

Netflix

 

Tesla

 

 

In Focus Today:

Chinese Gross Domestic Product

 

ECB Bank Lending Survey

 

NY Empire State Manufacturing Index

 

US Retail Sales

 

US Retail Sales Control Group

 

Retail Sales ex Autos

 

US Industrial Production

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 20th July 2023:

 

None

 

 

UK 250 companies going ex-dividend on 20th July 2023:

 

Pennon Group

 

Ninety One

 

Telecom Plus

 

Bytes Technology Group

 

Foresight Solar Fund

 

Cranswick

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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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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