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Morning Report - 23 January 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
3I Group PLC 1,462.0 3.3%
Frasers Group PLC 765.0 2.9%
Sse PLC 1,750.5 2.9%
Jd Sports Fashion PLC 157.0 2.8%
Airtel Africa PLC 115.4 2.7%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Hargreaves Lansdown PLC 864.2 -2.6%
Pearson PLC 921.8 -2.2%
Astrazeneca PLC 11,200.0 -1.9%
Melrose Industries PLC 143.2 -1.8%
Segro PLC 811.0 -1.2%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,771 0.3% 3.7%
DOW JONES INDUS. AVG 33,375 1.0% -2.6%
DAX INDEX 15,034 0.8% -3.7%
NIKKEI 225 26,554 0.6% -3.5%
S&P/ASX 200 INDEX 7,452 0.2% 3.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 81.64 1.28%
Brent Crude (ICE) USD/bbl. 87.63 1.71%
Gold Spot USD/t oz. 1,926 -0.3%
Copper (Comex) USd/lb. 425 0.5%
The UK 100 called to open +6 points at 7776.

1 Day; 3 Years

Click graph to enlarge

Markets Overview:

The UK 100 called to open +6 points at 7776.   The UK 100 looks set to start the week on the front foot after a strong finish last week in the US and gains in Asia today.  On Friday, US markets closed higher with the Nasdaq up 2.7% to finish at 11,140 points. The S&P was up 1.9% at 3,973 and the Dow had risen 1% to close at 33,375.

 

Company News & Broker Comments:

Company News:

Balfour Beatty wins £1.2bn contract with UK national highways for lower Thames Crossing.

 

 

Chemring CFO Andrew Lewis steps down after six years.

 

 

Dignity agrees to takeover offer from shareholders Castelnau and Phoenix Asset Management.

 

 

National Express wins 1bn euro deal to operate German RE1 and RE11 Rhein-Ruhr-Express.

 

 

Primary Health Properties buys Axis Technical Services for an undisclosed amount.

 

 

Saga are looking to sell their insurance underwriting business, hoping to raise £90m to pay down their debt.

 

 

Broker Comments:

 

HSBC Downgrades St James’s Place to Hold from Buy (7 Buys / 7 Holds / 0 Sells)

 

 

Jefferies Downgrades Berkeley Group to Hold from Buy (7 Buys / 4 Holds / 2 Sells)

 

 

Morgan Stanley Downgrades Shell to Equal-weight from Overweight (11 Buys / 1 Hold / 0 Sells)

Reporting Today:

None

Reporting Tuesday:

 

UK

 

Associated British Food

 

US

 

3M

General Electric

Johnson & Johnson

Verizon Communications

Microsoft

 

 

In Focus Today:

Chicago Fed National Activity Index

 

EU Consumer Confidence

 

 

This Week’s Ex-Dividends:

UK 100 companies going  ex-dividend on 26th January 2023:

 

None

UK 250 companies going  ex-dividend on 26th January 2023:

 

Foresight Solar Fund

 

Pennon Group

 

City of London Investment Trust

 

Schroder Oriental Income Fund

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