Getting latest data loading
Home / Morning Report / Morning Report – 23rd May 2023

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

Morning Report - 23 May 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Standard Chartered PLC 653.2 3%
Admiral Group PLC 2306 2.5%
Ocado Group PLC 403.4 2.4%
BT Group PLC 147.85 2%
Flutter Entertainment PLC 16725 1.9%
Yesterday’s UK 100 Laggards Price (p) % Chg
Frasers Group PLC 748.5 -2.2%
ConvaTec Group PLC 222.2 -1.8%
Vodafone Group PLC 81.65 -1.7%
Halma PLC 2455 -1.7%
Smiths Group PLC 1685.5 -1.5%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,770 0.18% 3.43%
DOW JONES INDUS. AVG 33,286 -0.42% 4.41%
DAX INDEX 16,223 -0.32% 14.45%
NIKKEI 225 30,977 -0.35% 14.83%
S&P/ASX 200 INDEX 7,259 -0.05% 1.55%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.99 0.62%
Brent Crude (ICE) USD/bbl. 76.23 0.32%
Gold Spot USD/t oz. 1,964.48 -0.37%
Copper (Comex) USd/lb. 365.40 -0.84%
The UK 100 called to open -10 points at 7,765.

4 hours; 5 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -10 points at 7,765. UK 100 is set to open slightly lower on Tuesday as investors keep a close eye on US debt ceiling talks. A top US Republican said his first one-on-one talks with President Joe Biden were “productive” but that there was still no deal. On Monday the US ended mixed, with the Dow closing -0.4%, S&P flat and Nasdaq +0.5%. In Asia on Tuesday, the Nikkei closed -0.6%, Shanghai -1% and Hong Kong -0.7%.

Company News & Broker Comments:

Company News:

Cranswick reported a rise in FY profit as they saw strong demand for gourmet meat and fresh pork while cost inflation pressures eased. They reported an adjusted FY profit before tax of £140.1m compared to £136.9m last year.

 

RS Group reports a FY pretax profit of £371.5m.

 

SSP Group says they see their annual profit at the upper end of its expectations, betting on strong sales at its airport and railway station snack outlets due to robust domestic and leisure travel demand. They expect their core profit to be at the upper end of its view of £250-280m, compared with £142m in the previous year.

 

 

Broker Comments:

JP Morgan places Whitbread on “positive catalyst watch” into Q1 (10 Buys / 4 Holds / 0 Sells)

 

Reporting Today:

UK

 

Bytes Technology Group

 

Cranswick

 

RS Group

 

SSP Group

 

Warehouse REIT

 

 

US

 

Intuit

 

Palo Alto Networks

Reporting Tomorrow:

UK

 

C&C Group

 

Close Brothers Group

 

Great Portland Estates

 

HICL Infastructure

 

Intertek Group

 

Kingfisher

 

Londonmetric Property

 

Marks & Spencer Group

 

Mediclinic International

 

Petershill Partners

 

SSE

 

Severn Trent

 

Tullow Oil

 

 

US

 

NVIDIA

 

Snowflake

 

 

In Focus Today:

German HCOB Composite PMI

 

German HCOB Manufacturing PMI

 

German HCOB Services PMI

 

EU HCOB Composite PMI

 

EU HCOB Manufacturing PMI

 

EU HCOB Services PMI

 

UK S&P Global/CIPS Composite PMI

 

UK S&P Global/CIPS Manufacturing PMI

 

UK S&P Global/CIPS Services PMI

 

US S&P Global Composite PMI

 

US S&P Global Manufacturing PMI

 

US S&P Global Services PMI

 

US New Home Sales

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 25th May 2023:

 

Kingfisher

 

Intertek Group

 

Whitbread

 

UK 250 companies going ex-dividend on 25th May 2023:

 

Diversified Energy Company

 

Bellway

 

IP Group

 

TI Fluid Systems

 

Victrex

 

Spire Healthcare 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. 67% 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.
.