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This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 8 April 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Flutter Entertainment PLC 15,895.0 1.2%
Bae Systems PLC 1,326.0 1.0%
Smith & Nephew PLC 974.8 0.9%
Admiral Group PLC 2,660.0 0.9%
Shell PLC 2,780.0 0.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
Ocado Group PLC 379.7 -9.0%
St. James’s Place PLC 429.4 -4.3%
Jd Sports Fashion PLC 126.3 -4.0%
National Grid PLC 1,033.0 -3.6%
DCC PLC 5,465.0 -3.3%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,911 -0.8% 2.2%
DOW JONES INDUS. AVG 38,904 0.8% 16.2%
DAX INDEX 18,175 -1.2% 16.5%
NIKKEI 225 39,256 0.7% 42.7%
S&P/ASX 200 INDEX 7,785 0.2% 7.9%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 85.38 -1.76%
Brent Crude (ICE) USD/bbl. 89.54 -1.79%
Gold Spot USD/t oz. 2,332 0.1%
Copper (Comex) USd/lb. 421 -0.5%
The UK 100 called to open +1 points at 7,912.

4 Hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +1 points at 7,912.  The UK 100 looks set to open very marginally higher this morning, stabilising after the worst weekly drop for the index since February, even after it had briefly flirted with hitting a record.  Us markets rebounded on Friday, seeing the 30-stock Dow Jones climb 307.06 points, or 0.8%, to settle at 38,904.04. The S&P gained 1.11% to end the day at 5,204.34. The tech-heavy Nasdaq advanced 1.24%, closing at 16,248.52.

 

 

Company News & Broker Comments:

Company News:

AstraZeneca says Alexion data shows how Ultomiris and Soliris can transform outcomes for rare neurological diseases.

 

CVS Group says they “recently detected and intercepted” cyber incident involving some of its IT systems as the hack response was effective but caused some disruption to its UK operations.

 

Rio Tinto appoints Bold Baatar as their new CCO.

 

Broker Comments:

HSBC Downgrades Rentokil Initial to Hold from Buy (6 Buys / 4 Holds / 1 Sell)

Reporting Today:

UK

 

Ferrexpo

 

US

 

None

 

Reporting Monday:

UK

 

Ferrexpo

 

US

 

None

 

 

In Focus Today:

German Industrial Production

German Trade Balance

EU Sentix Investor Confidence

Fed’s Kashkari speech

UK BRC Like-For-Like Retail Sales

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 11th April 2024:

 

Phoenix Group Holdings

Aviva

Lloyds Banking Group

Smurfit Kappa Group

Reckitt Benckiser Group

Howden Joinery Group

Barratt Developments

F&C Investment Trust

 

 

UK 250 companies going ex-dividend on 11th April 2024:

 

 

TP ICAP Group

ITV

Harbour Energy

International Public Partnerships

Man Group

Grafton Group

Supermarket Income REIT

Savills

Mercantile Investment Trust

Just Group

Hunting

Balanced Commercial Property Trust

Softcat

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.


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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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