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Morning Report - 4 July 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Ocado Group PLC 601.8 6.0%
Anglo American PLC 2,329.5 4.3%
Glencore PLC 459.0 3.3%
BP PLC 470.8 2.7%
Fresnillo PLC 625.4 2.5%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Astrazeneca PLC 10,374.0 -8.0%
Smith & Nephew PLC 1,195.0 -5.8%
Halma PLC 2,227.0 -2.2%
Melrose Industries PLC 495.2 -2.2%
B&M European Value Retail S.A. 547.2 -1.8%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,527 -0.1% 4.1%
DOW JONES INDUS. AVG 34,418 0.0% 10.7%
DAX INDEX 16,081 -0.4% 25.9%
NIKKEI 225 33,423 -1.0% 27.8%
S&P/ASX 200 INDEX 7,279 0.5% 10.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 70.12 0.47%
Brent Crude (ICE) USD/bbl. 74.99 0.46%
Gold Spot USD/t oz. 1,926 0.3%
Copper (Comex) USd/lb. 379 -0.2%
The UK 100 called to open -8 points at 7519.  

4 hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -8 points at 7519.  The UK 100 looks set to open marginally lower this morning, with US markets closed for Independence Day and Asian markets mixed.  In an shortened session on Monday, US markets closed little changed despite weak manufacturing figures.  The Reserve Bank of Australia left its key interest rate unchanged Tuesday, with Governor Philip Lowe saying that while inflation had “passed its peak” the economic outlook remained uncertain.

 

 

Company News & Broker Comments:

Company News:

Entain announces that today its subsidiary, Ladbrokes Group Finance plc has issued a conditional notice of redemption for any and all outstanding Notes. Entain has elected to redeem the Notes in full in an aggregate amount of £407,464,672

 

 

Sainsburystoday delivered their trading statement for the 16 weeks to 24 June 2023, Like-for-like sales (exc. fuel) up 9.8%. Total Retail (exc. fuel) sales up 9.2%, Strong Grocery performance, with sales up 11%.  General Merchandise sales up 4%, with Argos sales up 5.1%, however Clothing sales down 3.7%.  Outlook unchanged; continue to expect FY23/24 underlying profit before tax of between £640 million and £700 million and to generate at least £500 million of Retail free cash flow.

 

 

WANdisco plc the data activation platform, today announced the successful completion of the $30 million equity fundraise announced on 3 July 2023.

 

 

Wizz Air delivered traffic numbers for June 2023, Wizz Air carried 5,314,584 passengers, representing a 22.5% increase compared to June 2022, at a load factor of 92.2%.

 

 

Broker Comments:

No New broker comments

Reporting Today:

UK

 

Sainsbury (J)

 

Cairn Homes plc

 

Wandisco plc

 

 

US

 

None

Reporting Tomorrow:

UK

 

None

 

 

US

 

None

 

 

In Focus Today:

UK Average Earnings Excluding Bonus

 

UK Claimant Count Change

 

UK Financial Stability Report

 

UK ILO Unemployment Rate

 

German Harmonized Index of Consumer Prices

 

EU ZEW Survey – Economic Sentiment

 

German ZEW Survey – Current Situation

 

German ZEW Survey – Economic Sentiment

 

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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