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Home / Morning Report / Morning Report – 15th March 2023

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Morning Report - 15 March 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Rolls-Royce Holdings PLC 156.0 7.6%
Centrica PLC 107.6 3.5%
St. James’s Place PLC 1,195.0 3.4%
Barclays PLC 152.4 3.3%
Bae Systems PLC 937.4 3.2%
Yesterday’s UK 100 Laggards Price (p) % Chg
Fresnillo PLC 734.4 -1.7%
Imperial Brands PLC 1,907.0 -0.7%
British American Tobacco PLC 2,995.5 -0.6%
Hiscox LTD 1,108.0 -0.5%
Johnson Matthey PLC 2,028.0 -0.4%


Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,638 1.2% 4.9%
DOW JONES INDUS. AVG 32,203 1.2% -2.3%
DAX INDEX 15,246 1.9% 9.4%
NIKKEI 225 27,222 -2.2% 7.4%
S&P/ASX 200 INDEX 7,009 -1.4% -1.3%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.76 -1.39%
Brent Crude (ICE) USD/bbl. 79.78 -1.23%
Gold Spot USD/t oz. 1,903 -0.6%
Copper (Comex) USd/lb. 402 -0.9%
The UK 100 called to open -2 points at 7635

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open -2 points at 7635.  The UK 100 looks set to open broadly unchanged ahead of today’s Spring budget, which is to be announced at 12.30pm.  The chancellor is expected to pledge to tackle labour shortages and get people back to work alongside announcements on energy bill support, benefits reform and pensions allowances.  In Asia this morning, the Nikkei 225 ended 7 points to the good, while in China, the Shanghai Composite was up 0.6%. In Hong Kong, the Hang Seng index added 1.5%. Wall Street yesterday benefited from cooling inflation data, the Dow Jones closed up 336.26 points, or 1.1%, at 32,155.40. The S&P 500 added 64.80 points, or 1.7% to close at 3,920.56 and the Nasdaq Composite advanced 239.31 points, or 2.1% to trade at 11,428.15.

Company News & Broker Comments:

Company News:

Balfour Beatty reports a FY pretax profit of £287m, with a FY order backlog of £17,400m.



Burberry says Ferry is to succeed Chief Operating & Financial Officer Julie Brown.



Ferrexpo reported a slump in its FY profit as the Ukraine-focussed miner took a hit from higher costs and lower production volumes. Their underlying core profit for the FY ended Dec 31st dropped 47% to $765m.



Marshalls report a 2022 statutory pretax profit of £37.2m, down 46% YoY from £69.3m.



Prudential report that their FY new business profit is down 14% YoY to $2.18bn, from $2.53bn previously. They have increased their FY dividend total by 9% YoY to 18.78 cents per share.



Trainline says their FY adjusted EBITDA is to be in line with market expectations.




Broker Comments:


No new broker comments

Reporting Today:



4Imprint Group


Balfour Beatty




Foresight Solor Fund










Reporting Tomorrow:



Helios Towers


Rentokil Initial




TI Fluid Systems


W.A.G Payment solutions





Signet Jewelers





In Focus Today:

Chinese Industrial Production


Chinese Retail Sales


EU Industrial Production s.a.


UK Budget Report


US Producer Price Index ex Food & Energy


US Retail Sales


Japanese Exports


Japanese Imports


Japanese Merchandise Trade Balance Total


Tomorrow’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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