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|
|SCOTTISH MORTGAGE INV TR PLC||827.0||2.4%|
|PERSHING SQUARE HOLDINGS LTD||2,800.0||1.1%|
|Yesterday’s UK 100 Laggards||Price (p)||% Chg|
|OCADO GROUP PLC||623.2||-8.2%|
|BERKELEY GROUP HOLDINGS/THE||3475.0||-4.5%|
|MELROSE INDUSTRIES PLC||116.8||-4.0%|
|Major World Indices||Price||% Chg||1 YEAR|
|UK 100 INDEX||7,277||-1.5%||3.5%|
|DOW JONES INDUS. AVG||31,135||0.1%||-10.0%|
|S&P/ASX 200 INDEX||6,829||-2.6%||-7.9%|
|WTI Crude Oil (Nymex)||USD/bbl.||88.48||1.34%|
|Brent Crude (ICE)||USD/bbl.||94.54||1.47%|
|Gold Spot||USD/t oz.||1,697||0.0%|
The UK 100 is called to open +28 points this morning at 7305. The UK 100 expected to make a bright start to the day following gains on Wall Street overnight. At the close the Dow Jones was 30 points higher, or 0.1%, at 31,135, The S&P gained 13 points, or 0.34%, to 3,946, while the Nasdaq rose 86 points, or 0.74%, to 11,720.
DFS Furniture reports that their FY pretax profit fell to £58.5m, down from £102.6m the year before. Order volumes softened in Q4 of FY22 and Q1 of FY23 versus pre-pandemic as they guide their FY23 profit before tax and amortisation in the range of £20-54m.
Hilton Food anticipates that their FY profit will be below expectations as they blame this on macroeconomic headwinds.
Renishaw reports that their FY22 pretax profit has risen to £145.6m (2021: £139.4m) as they declare a 72.6p dividend per share (2021: 66p per share). They state that start to FY23 was positive, with a strong order book but posts cautions outlook as order intake from semiconductor sector is weaker.
Shell CEO Ben van Beurden will step down at the end of 2022 with Wael Sawan to take over as new CEO on Jan 1st.
Trainline report that their H1 FY23 net ticket sales are up to £2.2bn, +17% v H1 FY20 as they see UK rail passenger numbers recover.
Wickes report a H1 pretax profit of £33.5m, down 6.2% from £25.7m YoY. They have declared an interim dividend of 3.6p, +71% YoY. They back their FY adjusted pretax profit guidance of £72-82m.
Wizz Air buys a further 102 Airbus A321 from Airbus SAS.
Citi Group Upgrades Tate & Lyle to Buy from Neutral (4 Buys / 4 Holds / 0 Sells)
Credit Suisse Downgrades AstraZeneca to Neutral from Outperform (17 Buys / 4 Holds / 0 Sells)
Credit Suisse Upgrades GlaxoSmithKline to Neutral from Underperform (6 Buys / 15 Holds / 1 Sell)
HSBC Upgrades BT Group to Buy from Hold (6 Buys / 8 Holds / 2 Sells)
Chinese Foreign Direct Investment
EU Labor Cost
US Initial Jobless Claims
US Retail Sales
UK 100 companies going ex-dividend on 15th September 2022:
UK 250 companies going ex-dividend on 15th September 2022:
TBC Bank Group
Balanced Commercial Property Trust
International Public Partnerships
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.