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Morning Report - 7 August 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Rolls-Royce Holdings PLC 206.5 7.4%
Mondi PLC 1,313.5 5.5%
St. James’s Place PLC 907.2 4.3%
Flutter Entertainment PLC 15,160.0 3.6%
Smurfit Kappa Group PLC 3,242.0 3.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
Wpp PLC 818.0 -3.5%
Spirax-Sarco Engineering PLC 10,925.0 -1.1%
Compass Group PLC 1,996.0 -1.0%
Reckitt Benckiser Group PLC 5,622.0 -1.0%
Haleon PLC 321.8 -1.0%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,564 0.5% 1.7%
DOW JONES INDUS. AVG 35,066 -0.4% 6.9%
DAX INDEX 15,952 0.4% 17.5%
NIKKEI 225 32,255 0.2% 14.5%
S&P/ASX 200 INDEX 7,309 -0.2% 4.2%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.65 -0.21%
Brent Crude (ICE) USD/bbl. 86.06 -0.21%
Gold Spot USD/t oz. 1,937 -0.3%
Copper (Comex) USd/lb. 385 -0.5%
The UK 100 called to open -20 point at 7,546

4 hours; 12 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -20 point at 7,546. The UK 100 is expected to start the week on the back foot after falls on Wall Street on Friday and a mixed session in Asia.  In the US on Friday, markets conceded early gains to close lower. The Dow Jones and the Nasdaq were both down 0.4%. The S&P was down 0.5%.  In Asia this morning, markets were mixed. The Nikkei 225 index in Tokyo was up 0.1%. In China, the Shanghai Composite was down 0.8%, while the Hang Seng index in Hong Kong was down 0.3%.

 

 

Company News & Broker Comments:

Company News:

Clarkson report that their H1 pretax profit has risen YoY to £52.2m up from £42m. They have left their FY expectations unchanged as they are mindful of currency headwinds and softening rate environment.

 

PageGroup report a H1 2023 pretax profit of £63.3m, down from £114.5m YoY. They have increased their H1 2023 dividend to 5.13p per share, up from 4.91p YoY.

 

 

Broker Comments:

JP Morgan Upgrades Rolls-Royce to Neutral from Underweight (7 Buys / 8 Holds / 1 Sell)

 

RBC Downgrades Unite Group to Sector Perform from Outperform (3 Buys / 3 Holds / 0 Sells)

Reporting Today:

UK

 

Page Group

 

 

 

US

 

Viatris

Lucid Group

Palantir Technologies

Reporting Tomorrow:

UK

 

Glencore

IWG

InterContinental Hotels Group

Quilter

Rotork

TI Fluid Systems

abrdn

 

 

US

 

 

AMC Entertainment

Barrick Gold

Eli Lilly and Co

Plug Power

Jackson Financial

Marathon Digital Holdings

Rivian Automotive

Take-Two Interactive Software

Twilio

Upstart Holdings

 

 

In Focus Today:

German Industrial Production n.s.a. w.d.a.

German Industrial Production s.a.

EU Sentix Investor Confidence

BoE’s Pill speech

BRC Like-For-Like Retail Sales

Japanese Labor Cash Earnings

Japanese Current Account n.s.a.

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 10th August 2023:

 

Ashtead Group

Rio Tinto

Barclays

Shell

Informa

SEGRO

Natwest Group

AstraZeneca

Standard Chartered

IMI

Pearson

HSBC Holdings

BP

Fresnillo

 

 

UK 250 companies going ex-dividend on 10th August 2023:

 

Greencoat UK Wind

Vanquis Banking Group

GCP Infrastructure Investments

Impax Environmental Markets

Scottish American Investment Company

Man Group

Domino’s Pizza Group

Renewables Infrastructure Group

Target Healthcare REIT

Spirent Communications

IP Group

Balanced Commercial Property Trust

Tritax Big Box REIT

Hikma Pharmaceuticals

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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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