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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

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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:



Bytes Technology Group




RS Group


SSP Group


Warehouse REIT







Palo Alto Networks

Reporting Tomorrow:



C&C Group


Close Brothers Group


Great Portland Estates


HICL Infastructure


Intertek Group




Londonmetric Property


Marks & Spencer Group


Mediclinic International


Petershill Partners




Severn Trent


Tullow Oil










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:




Intertek Group




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


Diversified Energy Company




IP Group


TI Fluid Systems




Spire Healthcare Group

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