Getting latest data loading
Home / Morning Report / Morning Report – 17th March 2023

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

Morning Report - 17 March 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Rentokil Initial PLC 554.8 10.3%
Abrdn PLC 210.9 5.5%
Admiral Group PLC 1,967.5 3.7%
Lloyds Banking Group PLC 47.7 3.6%
Schroders PLC 452.6 3.6%
Yesterday’s UK 100 Laggards Price (p) % Chg
M&G PLC 181.1 -8.8%
Fresnillo PLC 700.1 -5.1%
Anglo American PLC 2,457.6 -4.0%
Segro PLC 754.4 -3.6%
BP PLC 474.1 -2.6%


Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,414 1.0% 1.5%
DOW JONES INDUS. AVG 32,037 0.5% -6.1%
DAX INDEX 14,970 1.6% 2.0%
NIKKEI 225 27,011 -0.8% 1.3%
S&P/ASX 200 INDEX 6,966 -1.5% -3.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 67.59 -0.03%
Brent Crude (ICE) USD/bbl. 73.76 0.09%
Gold Spot USD/t oz. 1,918 -0.1%
Copper (Comex) USd/lb. 386 0.4%
The UK 100 called to open +56 points at 7466

1 Day; 2 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +56 points at 7466.   The UK 100 is expected to open higher on Friday after US stocks rallied as some of the largest US financial institutions joined forces to support under pressure bank, First Republic.  In the US at the close, all three major indices were in positive territory, with the Nasdaq leading the way at 11,717 points for a 2.5% gain, while the S&P 500 saw a 1.8% recovery to close at 3,960 and the Dow gained 1.2% and ended the session at 32,247.  The news supported shares in Asia as well. The Nikkei 225 in Tokyo rose 1.2% and the S&P/ASX 200 in Sydney added 0.5%. In China, the Shanghai Composite was 0.4% higher in late trade, while the Hang Seng in Hong Kong was up 1.1%.

Company News & Broker Comments:

Company News:

Bodycote report a 2022 pretax profit of £95.3m, up from £77.5m YoY.



Diploma says outlook for their FY23 is “positive” and consistent with FY guidance.



John Wood says their 2022 results will be in line with expectations as per January update.




Broker Comments:


Deutsche Bank Upgrades GSK to Buy from Hold (7 Buys / 11 Holds / 2 Sells)



Exane BNP Downgrades Sage Group to Neutral from Outperform (8 Buys / 7 Holds / 2 Sells)



UBS Upgrades London Stock Exchange to Buy from Neutral (6 Buys / 4 Holds / 0 Sells)

Reporting Today:









Reporting Monday:











In Focus Today:

EU Core Harmonized Index of Consumer Prices


EU Labor Cost


US Michigan Consumer Sentiment Index


US UoM 5-year Consumer Inflation Expectation


Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 23rd March 2023:




British American Tobacco





UK 250 companies going ex-dividend on 20th March 2023:




UK 250 companies going ex-dividend on 23rd March 2023:


OSB Group


CLS Holdings


Close Brothers Group


Hikma Pharmaceuticals


Hipgnosis Songs Fund


Chemring Group


HgCapital Trust


Volution Group

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.

Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.