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|
|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%|
|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%|
|S&P/ASX 200 INDEX||7,259||-0.05%||1.55%|
|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%|
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%.
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.
JP Morgan places Whitbread on “positive catalyst watch” into Q1 (10 Buys / 4 Holds / 0 Sells)
Bytes Technology Group
Palo Alto Networks
Close Brothers Group
Great Portland Estates
Marks & Spencer Group
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
UK 100 companies going ex-dividend on 25th May 2023:
UK 250 companies going ex-dividend on 25th May 2023:
Diversified Energy Company
TI Fluid Systems
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.
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.