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Morning Report - 21 May 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Fresnillo PLC 639.5 4.0%
Rolls-Royce Holdings PLC 434.2 3.9%
Weir Group PLC 2,200.0 3.8%
Entain PLC 745.8 3.3%
Airtel Africa PLC 121.9 2.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
Easyjet PLC 474.9 -3.2%
Burberry Group PLC 1067.0 -3.0%
Ocado Group PLC 354.3 -2.4%
Sage Group PLC 1085.2 -1.9%
United Utilities Group PLC 1092.5 -1.4%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 8,424 0.1% 8.6%
DOW JONES INDUS. AVG 40,019 0.0% 19.6%
DAX INDEX 18,769 0.4% 15.3%
NIKKEI 225 39,070 0.7% 26.8%
S&P/ASX 200 INDEX 7,864 0.6% 8.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 79.73 -0.41%
Brent Crude (ICE) USD/bbl. 83.59 -0.46%
Gold Spot USD/t oz. 2,424 0.4%
Copper (Comex) USd/lb. 505 0.1%
The UK 100 called to open -34 points at 8,390

4 Hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -34 points at 8,390.  The UK 100 looks set to open lower this morning, this follows a mixed finish on Wall Street yesterday and a drop in the price of oil.  On Wall Street last night the Nasdaq rose 0.65% to a new all-time high, while the Dow Jones retreated from its own all time high, falling 0.49%. The S&P finished just above flat.

 

 

Company News & Broker Comments:

Company News:

AstraZeneca PLC has set out its ambition to deliver $80 billion in annual revenue by the end of the decade, boosted by the launch of 20 new drugs from its pipeline.   This would almost double the level of sales, having generated $45.8 billion in 2023.

 

Kingfisher has kept its full-year guidance, recording positive sales in the UK, offset by a sales decline in France.  In its first quarter results, Kingfisher recorded total sales of £3.3bn, down 0.3% on a reported basis and 0.9% on a like-for-like basis.

 

Smiths Group backed its full-year targets after revenue grew in the third quarter, as well as for the nine months of its fiscal year, on the back of strong demand and improving market conditions.  The U.K. engineering group said Tuesday that organic revenue rose 7.7% in the quarter ended May 3, bringing the growth for the first three quarters to 5.2%, after record growth of 13% reported for the first nine months of fiscal 2023.

 

 

 

Broker Comments:

No new broker comments

Reporting Today:

UK

 

Assura PLC

Caledonia Investments PLC

Cranswick PLC

Kingfisher PLC

Pennon Group PLC

SSP Group PLC

Smiths Group PLC

 

 

US

 

Xpeng

 

 

Reporting Tomorrow:

UK

 

4imprint Group PLC

Big Yellow Group PLC*

British Land Co PLC

Close Brothers PLC

HICL Infastructure PLC*

IntegraFin Holdings PLC

Marks & Spencer Group PLC

RS Group PLC

SSE PLC

Severn Trent PLC

 

US

 

Nvidia

Snowflak

Synopsys

 

 

 

In Focus Today:

German Producer Price Index

Fed’s Williams speech

BoE’s Governor Bailey speech

Fed’s Bostic speech

Fed’s Collins speech

Fed’s Mester speech

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 23rd May 2024:

 

DCC

Whitbread

Imperial Brands

Diploma

 

 

UK 250 companies going ex-dividend on 23rd May 2024:

 

 

TI Fluid Systems

NextEnergy Solar Fund

Diversified Energy Company

Bluefield Solar Income Fund

BlackRock Smaller Companies Trust

Tritax EuroBox GBP

HICL Infrastructure

Tritax Big Box REIT

Grainger

Spire Healthcare Group

Scottish American Investment Company

Bellway

BlackRock Greater Europe Inv Trust

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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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