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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Vodafone Group PLC | 84.08 | 3% |
| British Land Co PLC | 365.7 | 2.6% |
| British American Tobacco PLC | 2738.5 | 2.25% |
| Kingfisher PLC | 246.8 | 2.15% |
| Barclays PLC | 163.44 | 2.1% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| RS Group PLC | 793.2 | -7% |
| B&M European Value Retail SA | 465.7 | -4.9% |
| Frasers Group PLC | 717 | -4.2% |
| ConvaTec Group PLC | 215 | -3.2% |
| Burberry Group PLC | 2258 | -3.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,762 | -0.1% | 3.7% |
| DOW JONES INDUS. AVG | 33,055 | -0.7% | 3.5% |
| DAX INDEX | 16,152 | -0.4% | 16% |
| NIKKEI 225 | 30,724 | -0.75% | 14.5% |
| S&P/ASX 200 INDEX | 7,219 | -0.56% | 1.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 73.77 | 1.18% |
| Brent Crude (ICE) | USD/bbl. | 77.61 | 1.00% |
| Gold Spot | USD/t oz. | 1,978 | 0.15% |
| Copper (Comex) | USd/lb. | 362.55 | -0.79% |
Click graph to enlarge
The UK 100 called to open -58 points at 7,702. UK 100 is set to start lower on Wednesday as the deadline to resolve the debt ceiling crisis crept closer with no resolution in sight. In the US on Tuesday, stocks ended lower with the Dow closing -0.7%, S&P -1.1% and Nasdaq -1.3%. In Asia the Nikkei closed -0.5%, Shanghai -0.8% and Hong Kong -1.2%.
Aviva reported growth in key business lines over Q1 2023, but also reported a slowdown in net flows to its wealth business after a volatile period for markets. Their gross written premiums increased to £2.4bn, up 11% on £2.1bn the previous year. They reported net flows to its wealth arm of £2.3bn, down 15% YoY, citing market volatility impacting investment activity.
Kingfisher kept its FY outlook unchanged after reporting a fall in Q1 like-for-like sales. Sales came in at £3.3bn for Q1, down around 2% in constant currency and 3.3% lower on a like-for-like basis.
Marks & Spencer reported a 7.8% decline in annual profit, as strong sales growth was offset by inflationary pressure on its costs. They reported a FY profit before tax of £482m, ahead of analysts’ average forecast of £436m, but down from the £523m made in 2021/22.
Severn Trent have forecast strong earnings growth in 2024 after they reported a small increase in its 2023 annual profit, supported by robust consumption by businesses and households. They reported a 0.5% rise in profit before tax to £508.8m.
SSE reported a near 89% rise in annual profit, buoyed by performance in its renewables business. They posted an adjusted pretax profit of £2.18bn for the year ended March 31st up from £1.16bn a year earlier.
Morgan Stanley Upgrades Deliveroo to Overweight from Equal-weight (5 Buys / 7 Holds / 0 Sells)
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
UK
AJ Bell
Caledonia Investments
Edinburgh Investment Trust
Hill & Smith Holdings
Intermediate Capital Group
Johnson Matthey
Pets at Home Group
QinetiQ Group
Tate & Lyle
United Utilities Group
Vanquis Banking Group
Workspace Group
US
Alibaba Group
Baidu
Medtronic
Costco Wholesale
UK Consumer Price Index
UK PPI Core Output
UK Retail Price Index
EU Financial Stability Review
German IFO – Business Climate
German IFO – Current Assessment
German IFO – Expectations
FOMC Minutes
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
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