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Home / Morning Report / Morning Report – 16th March 2023

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Morning Report - 16 March 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
United Utilities Group PLC 1,053.5 1.0%
Haleon PLC 318.5 1.0%
Unite Group PLC 940.5 0.4%
Segro PLC 782.6 0.3%
Fresnillo PLC 737.6 0.1%


Yesterday’s UK 100 Laggards Price (p) % Chg
Prudential PLC 1,036.0 -12.4%
Glencore PLC 412.0 -10.7%
Barclays PLC 138.2 -9.1%
Shell PLC 2,259.5 -8.5%
BP PLC 486.8 -8.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,344 -3.8% 0.7%
DOW JONES INDUS. AVG 31,875 -0.9% -6.4%
DAX INDEX 14,735 -3.3% 2.0%
NIKKEI 225 27,011 -0.8% 4.9%
S&P/ASX 200 INDEX 6,966 -1.5% -2.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 68.01 0.59%
Brent Crude (ICE) USD/bbl. 74.21 0.71%
Gold Spot USD/t oz. 1,919 0.0%
Copper (Comex) USd/lb. 386 0.4%
The UK 100 called to open +56 points at 7400

1 Day; 2 Years

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Markets Overview:

The UK 100 called to open +56 points at 7400.  The UK 100 is expected to open sharply higher after Credit Suisse announced Thursday that it would borrow almost US$54bn from the Swiss central bank to reinforce the group after a plunge in its share prices on Wednesday.  US markets closed well off earlier lows after the intervention by the Swiss Central Bank with the Nasdaq ending higher.  On Wall Street, the Dow Jones closed down 280.83 points, or 0.9% to close at 31,874.57, around 400 points higher than earlier lows. The S&P fell 27.36 points, or 0.7% to trade at 3,891.93, but the Nasdaq was the stand out performer, rising 5.90 points, or 0.1%, at 11,434.05.

Company News & Broker Comments:

Company News:

Centamin report a 2022 pretax profit of $171m, up 11% from $153.6m YoY. Their 2023 gold production guidance remains unchanged at 450,000-480,000 ounces.



Credit Suisse have announced that they will borrow $53.7bn from the Swiss central bank to reinforce the group after a plunge in its share price.



Halma expects their adjusted pretax profit for FY23 to be in line with market expectations. Their order book is strong and intake is broadly in line with revenue, ahead of the same period YoY.



Investec expects their FY adjusted EPS to be 66-70p, up from 55.1p in FY22. They also expect FY adjusted operating profit of £782.8m-£833.6m, up from £687.4m previously.



Rentokil Initial expects good underlying trading momentum in 2023 as they raise their medium-term guidance for organic revenue growth to at least 5% from 4.5-5% previously.



United Utilities CEO Steve Mogford is to step down on March 31st as Louise Beardmore is to take over.




Broker Comments:


No new broker comments

Reporting Today:



Helios Towers


Rentokil Initial




TI Fluid Systems


W.A.G Payment solutions





Signet Jewelers



Reporting Tomorrow:











In Focus Today:

Japanese Industrial Production


US Building Permits


US Housing Starts


US Initial Jobless Claims


US Philadelphia Fed Manufacturing Survey


ECB Monetary Policy Decision Statement


ECB Rate On Deposit Facility


ECB Rate On Main Refinancing Operations


ECB Press Conference


Today’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

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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