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Morning Report - 20 February 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Astrazeneca PLC 10,444.0 3.5%
Rolls-Royce Holdings PLC 332.3 2.8%
Vodafone Group PLC 67.4 2.7%
Intercontinental Hotels Group PLC 7,932.0 2.2%
Barclays PLC 149.5 1.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
Centrica PLC 131.6 -5.4%
Beazley PLC 570.0 -2.6%
Natwest Group PLC 224.2 -2.3%
Kingfisher PLC 223.0 -2.0%
Fresnillo PLC 478.8 -1.8%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,729 0.2% -3.6%
DOW JONES INDUS. AVG 38,628 -0.4% 14.2%
DAX INDEX 17,092 -0.2% 10.4%
NIKKEI 225 38,364 -0.3% 39.3%
S&P/ASX 200 INDEX 7,659 -0.1% 4.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 79.43 0.30%
Brent Crude (ICE) USD/bbl. 83.49 -0.08%
Gold Spot USD/t oz. 2,022 0.3%
Copper (Comex) USd/lb. 381 -0.6%
The UK 100 called to open -8 points at 7,720

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -8 points at 7,720.  The UK 100 looks set to open slightly lower, this follows on from a somewhat muted session in Asia this morning, the Nikkei 225 index in Tokyo closed down 0.3%. In China, the Shanghai Composite was up 0.5%, while the Hang Seng index in Hong Kong was up 0.2%.  US markets will reopen today following the Presidents’ day holiday.

 

 

 

Company News & Broker Comments:

Company News:

Antofagasta reported a 5% rise in 2023 FY profit as copper production and prices increased, offsetting higher costs. They reported an EBITDA of $3.1bn, up from $2.9bn in 2022.

 

Barclays reported a 6% fall in annual profit, in line with expectations as they set out a welter of plans including bumper buybacks, an overhaul of its operations, cost cuts and assets sales to improve performance. They will reorganise their business divisions, return £10bn to shareholders between 2024-2026 and restructure their payments business. They reported a pretax profit of £6.6bn, down from £7bn YoY and in line with the £6.7bn average of analysts’ forecasts complied by the bank.

 

IHG is expected to return more than $1bn to shareholders in 2024, including $800m in share buyback, after reporting better-than-expected annual revenue per room. Their global revenue per available room came in at 16.1% YoY, compared with average analyst expectation of 15.7%.

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

Antofagasta

Barclays

InterContinental Hotels Group

 

US

 

Medtronic

The Home Depot

Walmart

Palo Alto Networks

Teladoc Health

 

Reporting Tomorrow:

UK

 

BAE Systems

Glencore

HSBC Holdings

Rio Tinto

Tate & Lyle

 

US

 

Etsy

Jackson Financial

Lucid Group

NVIDIA

Rivian Automotive

 

 

In Focus Today:

PBoC Interest Rate Decision

Japanese Exports

Japanese Imports

Japanese Merchandise Trade Balance Total

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 22nd February 2024:

 

Endeavour Mining

AstraZeneca

Land Securities Group

GSK

Unilever

 

 

UK 250 companies going ex-dividend on 22nd February 2024:

 

 

BBGI Global Infrastructure S.A.

Tritax EuroBox GBP

BlackRock Throgmorton Trust

Virgin Money UK

easyJet

Redrow

Witan Investment Trust

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