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 |
| Phoenix Group Holdings PLC | 529.2 | 8.4% |
| Natwest Group PLC | 261.1 | 3.0% |
| Prudential PLC | 778.4 | 2.6% |
| M&G PLC | 238.8 | 2.5% |
| Reckitt Benckiser Group PLC | 4,406.0 | 2.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| JD Sports Fashion PLC | 109.8 | -6.3% |
| Ocado Group PLC | 468.3 | -1.8% |
| Rightmove PLC | 571.2 | -1.6% |
| Frasers Group PLC | 792.0 | -1.4% |
| International Consolidated Airlines Group S.A. | 164.5 | -1.4% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,931 | 0.6% | 7.1% |
| DOW JONES INDUS. AVG | 39,476 | -0.8% | 22.5% |
| DAX INDEX | 18,206 | 0.2% | 21.7% |
| NIKKEI 225 | 40,888 | 0.2% | 49.3% |
| S&P/ASX 200 INDEX | 7,771 | -0.2% | 11.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 80.63 | -0.54% |
| Brent Crude (ICE) | USD/bbl. | 85.43 | -0.41% |
| Gold Spot | USD/t oz. | 2,165 | -0.7% |
| Copper (Comex) | USd/lb. | 401 | -1.3% |
Click graph to enlarge
The UK 100 called to open -10 points at 7,920. The UK 100 looks set to open lower this morning, this comes on the back of a strong showing last week, the UK’s Blue-chip index adding 2.6%, as global markets gained traction by the apparent hope of interest rate cuts. On Wall Street Friday, The Dow Jones dropped, but still managed to deliver its best week of the year after back-to-back record-setting sessions. The Dow dipped 305.47 points, or 0.77%, to close at 39,475.90. The S&P also edged lower, but, by just 0.14% to end at 5,234.18. The Nasdaq outperformed and added 0.16% and closed at 16,428.82 for another record.
AstraZeneca says Ultomiris approved by US FDA for adults with NMOSD.
Direct Line Insurance Group: Ageas has withdrawn their bid for Direct Line after their advances were rejected.
Kingfisher have warned on their outlook for the third time in six months, saying that current-year profit would fall short of analysts’ expectations after they reported a 25% drop for 2023-24. They are cautious on the overall market outlook because of the time lag between improving housing demand and home improvement demand. They have forecast an adjusted pretax profit for 2024-25 of £550m, below average analyst estimates of £560m. For 2023-24 they made an adjusted pretax profit of £568m, in line with guidance that was cut in November, but down from the £758m they made a year earlier.
Pennon Group says FY24 financial performance remains in line with expectations.
Wise names Emmanuel Thomassin as their CFO, replacing Matthew Briers.
JP Morgan places Intertek Group on ‘Positive Catalyst watch’ (7 Buys / 4 Holds / 3 Sells)
Société Générale Upgrades Sage Group to Hold from Sell (6 Buys / 7 Holds / 3 Sells)
UK
Kingfisher
Octopus Renewable Infrastructure Trust
US
None
UK
AG Barr*
Bellway
Flutter Entertainment
Ocado Group
Petershill Partners
Smiths Group
Softcat*
W.A.G Payment Solutions
Wood Group
US
GameStop
Fed’s Bostic speech
US New Home Sales Change
BoE’s Mann speech
UK 100 companies going ex-dividend on 21st March 2024:
M&G
Taylor Wimpey
Smith & Nephew
Prudential
Melrose Industries
UK 250 companies going ex-dividend on 21st March 2024:
Ithaca Energy
Moneysupermarket.com Group
Primary Health Properties
Fidelity European Trust
Travis Perkins
Volution Group
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