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Morning Report - 3 July 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 568.0 5.2%
Hargreaves Lansdown PLC 815.6 4.1%
Centrica PLC 124.0 3.3%
Entain PLC 1,272.0 3.0%
IMI PLC 1,640.0 2.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
Airtel Africa PLC 107.8 -2.2%
United Utilities Group PLC 961.6 -1.5%
Severn Trent PLC 2,566.0 -1.0%
International Consolidated Airlines Group S.A. 161.9 -0.7%
Vodafone Group PLC 74.0 -0.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,532 0.8% 5.1%
DOW JONES INDUS. AVG 34,408 0.8% 10.7%
DAX INDEX 16,148 1.3% 26.0%
NIKKEI 225 33,712 1.6% 30.1%
S&P/ASX 200 INDEX 7,246 0.6% 10.6%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 70.53 -0.16%
Brent Crude (ICE) USD/bbl. 75.30 -0.15%
Gold Spot USD/t oz. 1,915 -0.2%
Copper (Comex) USd/lb. 379 0.7%
The UK 100 called to open +16 points at 7547.

4 hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +16 points at 7547.  The UK 100 looks set to open modestly higher today, starting the 2nd half of the year on the front foot, this follows on from strong showing Friday.  We also saw a positive start to the week in Asia, this morning, the Nikkei 225 was up 1.7%. In China, the Shanghai Composite was up 1.3%, while the Hang Seng index in Hong Kong was up 1.8%.  On Friday, US markets rose after a weaker-than-expected PCE inflation, the Federal Reserve’s preferred inflation gauge.

 

 

Company News & Broker Comments:

Company News:

Anglo American plc announces that De Beers Group and the Government of the Republic of Botswana have reached an agreement in principle on a new 10-year sales agreement for Debswana’s rough diamond production

 

 

Kainos Group plc announces the acquisition of RapidIT-Cloudbera Inc

 

 

Moderna Submits Regulatory Application to the European Medicines Agency for Its Updated COVID-19 Vaccine

 

 

Tesco confirmed this morning that former Tate & Lyle Chairman Gerry Murphy will takeover the same role at Tesco

 

 

Severn Trent boss Liv Garfield is attempting to bring together a group of utilities CEOs to fend off nationalisation, a secret email obtained by the Standard has shown

 

 

John Wood Group PLC has been awarded a contract extension worth approximately $250 million by Brunei Shell Petroleum

 

 

Broker Comments:

No New broker comments

Reporting Today:

UK

 

None

 

 

US

 

None

Reporting Tomorrow:

UK

 

Sainsbury (J)

 

Cairn Homes plc

 

Wandisco plc

 

 

US

 

None

 

 

In Focus Today:

Chinese Consumer Price Index

 

Chinese Producer Price Index

 

EU Sentix Investor Confidence

 

UK BRC Like-For-Like Retail Sales

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 6th July 2023:

 

Next

 

JD Sports Fashion

 

UK 250 companies going ex-dividend on 6th July 2023:

 

Murray International Trust

 

ICG Enterprise Trust

 

Big Yellow Group

 

Workspace Group

 

Paragon Banking Group

 

Safestore Holdings

 

Global Smaller Companies Trust

 

Primary Health Properties

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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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