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 |
| Endeavour Mining PLC | 1,370.0 | 3.5% |
| Bt Group PLC | 107.3 | 2.5% |
| Melrose Industries PLC | 639.1 | 2.1% |
| Fresnillo PLC | 472.3 | 1.9% |
| Pearson PLC | 1,032.5 | 1.8% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Ocado Group PLC | 438.9 | -7.8% |
| Entain PLC | 850.6 | -7.7% |
| St. James’s Place PLC | 490.6 | -4.1% |
| Anglo American PLC | 1,704.4 | -3.2% |
| Next PLC | 8,146.0 | -3.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,640 | -0.6% | -3.9% |
| DOW JONES INDUS. AVG | 38,990 | -0.3% | 16.8% |
| DAX INDEX | 17,716 | -0.1% | 13.7% |
| NIKKEI 225 | 40,098 | 0.0% | 43.6% |
| S&P/ASX 200 INDEX | 7,724 | -0.2% | 6.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 78.35 | -0.50% |
| Brent Crude (ICE) | USD/bbl. | 82.51 | -0.35% |
| Gold Spot | USD/t oz. | 2,115 | 0.0% |
| Copper (Comex) | USd/lb. | 385 | -0.2% |
Click graph to enlarge
The UK 100 called to open -34 points at 7,606. The UK 100 looks set to open lower this morning in a continuation of yesterday’s pull back for the UK’s blue chip index. Retail sales data released this morning by the BRC showed a rise of 1%, coming in far below the 1.5% forecasted growth. Stocks on Wall Street retreated Monday, pushing the S&P and Nasdaq off all-time highs, despite a rallying group of technology stocks tied to the artificial intelligence boom. The S&P shed 0.12% to 5,130.95, while the Nasdaq slipped 0.41% to 16,207.51. The Dow Jones lost 97.55 points, or 0.25%, to finish at 38,989.83.
Ashtead Group now sees their FY group rental revenue growth at the low end of 11-13% range.
Greggs posted a 13% rise in annual profit after sales jumped as it extended store opening hours to evenings and built up its partnership with food delivery channels.
GSK says ViiV Healthcare announces positive phase 1 cabotegravir study findings.
Intertek Group report a 2023 pretax profit of £422.3m, up from £419.8m YoY. They have declared a 2023 final dividend of 74p, up from 71.6p YoY.
IWG reported a 34% rise in annual core profit, buoyed by increased demand for its flexible working spaces and pricing strength. Core profit came in at £403m for the year ended Dec 31st, ahead of average analyst estimates of £397.6m.
Travis Perkins reported a 39% drop in annual profit due to weakness in the housing market. They have forecast their 2024 adjusted operating profit to be in the range of £160-180m. Analysts estimate that their 2024 profit will be between £150-231m.
JP Morgan places TrustPilot on “positive catalyst” watch (3 Buys / 1 Hold / 0 Sells)
UK
Ashtead
Bakkavor Group
Fresnillo
Greggs
IWG
Inchcape
Intertek
Keller Group
Rotork
Travis Perkins
US
NIO
CrowdStrike
UK
Breedon Group
ConvaTec Group
DS Smith
Ibstock
Lancashire Holdings
Legal & General
Rathbone Brothers
Spirent Communications*
Tullow Oil
US
JD.com
UK BRC Like-For-Like Retail Sales
Chinese Caixin Services PMI
German HCOB Services PMI
German HCOB Composite PMI
EU HCOB Composite PMI
EU Producer Price Index
US S&P Global Composite PMI
US ISM Services PMI
US Factory Orders
UK 100 companies going ex-dividend on 7th March 2024:
Rio Tinto
HSBC Holdings
Standard Chartered
Berkeley Group Holdings
UK 250 companies going ex-dividend on 7th March 2024:
Safestore Holdings
Energean
SDCL Energy Efficiency Income Trust
Assura
PZ Cussons
Law Debenture Corporation
Temple Bar Investment Trust
JPMorgan Global Growth & Income
Ruffer Investment Company
Renishaw
Personal Assets Trust
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.
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.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.