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Morning Report - 22 April 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Mondi PLC 1,504.5 9.3%
Rentokil Initial PLC 422.7 2.4%
Coca-Cola Hbc AG 2,456.0 1.9%
Entain PLC 837.4 1.6%
Compass Group PLC 2,203.0 1.6%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Smith (Ds) PLC 358.6 -10.3%
JD Sports Fashion PLC 117.0 -2.8%
B&M European Value Retail S.A. 510.4 -1.9%
Marks And Spencer Group PLC 245.8 -1.8%
Rolls-Royce Holdings PLC 395.5 -1.7%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,896 0.2% -0.2%
DOW JONES INDUS. AVG 37,986 0.6% 12.4%
DAX INDEX 17,737 -0.6% 11.7%
NIKKEI 225 37,439 1.0% 31.1%
S&P/ASX 200 INDEX 7,649 1.1% 4.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.35 -0.95%
Brent Crude (ICE) USD/bbl. 86.30 -1.13%
Gold Spot USD/t oz. 2,356 -1.5%
Copper (Comex) USd/lb. 452 0.0%
The UK 100 called to open +97 points at 7,982.

4 Hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +97 points at 7,982. The UK 100 looks set to open higher this morning, continuing the momentum showed on Friday afternoon as tensions between Iran and Israel appear to have momentarily simmered down.  On Wall Street Friday, the tech-heavy Nasdaq pulled back 2.05% to 15,282.01, while the broad S&P slipped 0.88% to 4,967.23, below the 5,000 level. Both clinched their sixth straight negative days, streaks not seen for either since October 2022.  The Dow Jones rose 211.02 points, or 0.56%, to finish at 37,986.40. The 30-stock index was lifted by a rally of more than 6% in American Express following earnings.

 

 

Company News & Broker Comments:

Company News:

Virgin Money UK says they have continued to perform “broadly as anticipated” in remainder of Q2.

 

 

 

Broker Comments:

Jefferies Upgrades B&M European Value Retail SA to Hold from Underperform (10 Buys / 3 Holds / 1 Sell)

 

Jefferies Upgrades Marks & Spencer to Buy (5 Buys / 5 Holds / 0 Sells)

 

Jefferies Upgrades Next to Buy (3 Buys / 15 Holds / 1 Sell)

 

Jefferies Upgrades Sainsburys to Buy (2 Buys / 5 Holds / 0 Sells)

 

Keefe Bruyette & Woods Upgrades HSBC to ‘Market Perform’ (8 Buys / 6 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

 

US

 

Verizon Communications

 

Reporting Tomorrow:

UK

 

Associated British Foods

Jupiter Fund Management

Taylor Wimpey

 

US

 

General Electric

General Motors

PepsiCo

Philip Morris International

Spotify Technology SA

Tesla

Visa Inc Class A

 

 

 

In Focus Today:

PBoC Interest Rate Decision

German Buba Monthly Report

EU Consumer Confidence

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 25th April 2024:

 

Legal & General Group

St. James’s Place

ConvaTec Group

Spirax-Sarco Engineering

Rightmove

 

 

UK 250 companies going ex-dividend on 25th April 2024:

 

 

Bakkavor Group

Morgan Sindall Group

Tyman

Greggs

Derwent London

ME Group International

Morgan Advanced Materials

Bodycote

Foresight Solar Fund

Murray International Trust

City of London Investment Trust

Shaftesbury Capital

Schroder Oriental Income Fund

Bankers Investment Trust

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