This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Hargreaves Lansdown PLC | 914 | 8.8% |
| Persimmon PLC | 1182.5 | 8.3% |
| Land Securities Group PLC | 661.4 | 7.7% |
| Segro PLC | 795.6 | 7.1% |
| Barratt Developments PLC | 454 | 7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| WPP Group PLC | 860 | -1.6% |
| Antofagasta PLC | 1486.5 | -1.4% |
| Weir Group PLC | 1799.5 | -1.2% |
| Ocado Group PLC | 683.8 | -1.1% |
| Prudential PLC | 1064 | -1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,588 | 1.8% | 4.5% |
| DOW JONES INDUS. AVG | 35,061 | 0.3% | 10% |
| DAX INDEX | 16,109 | -0.1% | 21.3% |
| NIKKEI 225 | 32,506 | -1.2% | 17.5% |
| S&P/ASX 200 INDEX | 7,324 | 0% | 8.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 75.36 | 0.01% |
| Brent Crude (ICE) | USD/bbl. | 79.44 | -0.03% |
| Gold Spot | USD/t oz. | 1,981 | 0.26% |
| Copper (Comex) | USd/lb. | 383.75 | 0.62% |
Click graph to enlarge
The UK 100 called to open -9 points at 7,590. UK 100 is set to edge lower on Thursday at the open, after an outperformance following UK inflation data yesterday. In the US Wall Street ended higher with the Dow closing +0.3%, S&P +0.2% and Nasdaq closed marginally higher. In Asia on Thursday the Nikkei closed -1.2%, Shanghai -0.3% and Hang Seng +0.2%.
Babcock International reports that their FY23 pretax profit falls to £6.2m from £182.3m YoY. They state that overall FY24 expectations for profitability are unchanged.
BHP met FY production guidance for copper, iron ore, metallurgical and energy coal.
EasyJet swings to a Q3 pretax profit of £203m from a loss of £114m YoY as ticket yields soared 22% YoY on the back of an ongoing rebound in summer travel demand.
Howden Joinery reported a H1 pretax profit of £111.9m down from £145m YoY. They are confident on their FY outlook as their expectations are unchanged.
Premier Foods expects their FY23/24 trading profit to be at the top end of market expectations.
Vistry has flagged an intensifying slowdown in the house building sector as a surge in mortgage rates in recent months weighed heavily on housing demand. They reaffirmed their forecast of an adjusted pretax profit for the year ending Dec 31st at excess of £450m.
Morgan Stanley Downgrades Diageo to Underweight from Equal weight (8 Buys / 9 Holds / 1 Sell)
UK
Diploma plc
Dunelm Group Plc
QinetiQ Group plc
SSE plc
Howden Joinery Group Plc
Vistry
Babcock
Frasers Group
IG Group Holdings
easyJet
US
Blackstone
Johnson & Johnson
Newmont
Philip Morris International
Intuitive Surgical
Snap Inc A
UK
TheWorks.co.uk Plc
Close Brothers Group
Glencore
US
American Express
SLB
PBoC Interest Rate Decision
German Producer Price Index
US Initial Jobless Claims
Philadelphia Fed Manufacturing Survey
US Existing Home Sales Change
UK GfK Consumer Confidence
Japanese National Consumer Price Index
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.
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.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.