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Home / Morning Report / Morning Report – 14th March 2023

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Morning Report - 14 March 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Endeavour Mining PLC 1,720.0 4.2%
Fresnillo PLC 747.4 3.5%
Severn Trent PLC 2,824.0 2.1%
Convatec Group PLC 220.6 1.8%
Admiral Group PLC 1,912.0 1.6%


Yesterday’s UK 100 Laggards Price (p) % Chg
Standard Chartered PLC 688.8 -6.9%
Barclays PLC 147.5 -6.3%
Beazley PLC 545.0 -6.3%
Ashtead Group PLC 5192.0 -6.2%
Ocado Group PLC 423.8 -6.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,549 -2.6% 5.5%
DOW JONES INDUS. AVG 31,819 -0.3% -3.4%
DAX INDEX 14,959 -3.0% 9.8%
NIKKEI 225 27,833 -1.1% 10.0%
S&P/ASX 200 INDEX 7,109 -0.5% -0.6%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 74.80 -2.45%
Brent Crude (ICE) USD/bbl. 80.72 -2.49%
Gold Spot USD/t oz. 1,914 2.4%
Copper (Comex) USd/lb. 405 0.6%
The UK 100 called to open -11 points at 7537.  

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -11 points at 7537.  The UK 100 is expected to extend its losses on Tuesday after the rout in banking shares continued in the US and extended into Asia.  In Asia this morning shares of Japan’s biggest banks dropped sharply as global markets reacted to a US banking sector sell-off and uncertainty over interest rates in the wake of the collapse of Silicon Valley Bank. Japan’s Topix Banks index was down as much as 7.8%, on track for its worst day in more than three years, while the Topix fell more than 3.1%. The Nikkei 225 ended down 2.2% while the Hang Seng index in Hong Kong tumbled 2.4%.  US markets were mixed Monday. The Dow closed Monday down 91 points or 0.3%, at 31,819, while the Nasdaq Composite added 50 points or 0.5%, to end the day at 11,189 while the S&P 500 lost 6 points, 0.2%, to close out the day at 3,856.

Company News & Broker Comments:

Company News:

Close Brothers Group reports a H1 operating profit before tax of £11.7m, down 91% YoY from £128.9m. Their H1 impairment losses on financial assets were £162.2m, up from £48.3m YoY.



Computacenter says its 2022 performance is to be in line with January’s trading update.



GSK’s asthma drug Nucala has been accepted for review by China National Medial Products Admin.



Pennon says they are on track to deliver FY results in line with management expectations.



Sainsbury’s are to buy Supermarket Income’s 51% stake in Highbury, Dragon Inv vehicles for £430.9m. The transaction will result in Sainsbury’s acquiring the freehold of 21 stores.



TP ICAP reported a 370.8% surge in its annual profit underpinned by volatile trading in stocks and foreign exchange amid improving investor confidence. They reported a FY pretax profit of £113m for the year ended Dec 31st, compared with a profit of £24m last year.




Broker Comments:


RPT/Societe Generale Downgrades Ferguson to Hold from Buy (7 Buys / 8 Holds / 0 Sells)

Reporting Today:




Close Brothers Group


Genuit Group



Reporting Tomorrow:



4Imprint Group


Balfour Beatty




Foresight Solor Fund












In Focus Today:

UK Claimant Count Change


EU EcoFin Meeting


US Consumer Price Index ex Food & Energy


BoJ Monetary Policy Meeting Minutes


This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 16th March 2023:




NatWest Group




Anglo American





UK 250 companies going ex-dividend on 16th March 2023:


Crest Nicholson Holdings


Dunelm Group


Spirent Communications


Bellevue Healthcare Trust


Digital 9 Infrastructure


abrdn Private Equity Opportunities Trust


JPMorgan Emerging Markets Invest Trust


Balanced Commercial Property Trust

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