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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Intertek Group PLC | 4,333 | 3.36% |
| Ocado Group PLC | 411.8 | 2.29% |
| SSE PLC | 1,900 | 1.63% |
| Fresnillo PLC | 661.2 | 0.79% |
| Airtel Africa PLC | 117.6 | 0.34% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Prudential PLC | 1,101.5 | -5.94% |
| Aviva PLC | 398.9 | -5.88% |
| Persimmon PLC | 1,215 | -5.52% |
| Phoenix Group Holdings PLC | 555 | -4.57% |
| Taylor Wimpey PLC | 117.5 | -4.55% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,627 | -1.8% | 1.4% |
| DOW JONES INDUS. AVG | 32,800 | -0.8% | 2.1% |
| DAX INDEX | 15,842 | -1.9% | 13.1% |
| NIKKEI 225 | 30,801 | 0.4% | 15.4% |
| S&P/ASX 200 INDEX | 7,138 | -1.1% | -0.2% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 73.88 | -0.62% |
| Brent Crude (ICE) | USD/bbl. | 77.99 | -0.47% |
| Gold Spot | USD/t oz. | 1,957 | 0.0% |
| Copper (Comex) | USd/lb. | 356 | -0.1% |
Click graph to enlarge
The UK 100 called to open -7 points at 7619. The UK 100 looks set to stabilise this morning, this follows the sharpest one day fall since March yesterday, however better than expected results from Nvidia after the US market closed lifted the mood despite the continuing deadlock in US debt ceiling talks. The impact of a US default was reflected as credit ratings agency Fitch Ratings put the US on negative watch reflecting the impasse in Washington. Flitch however did say, “Fitch still expects a resolution to the debt limit before the x-date.” On Wall Street earlier, the Dow Jones fell 255.59 points, or 0.8%, to end at 32,799.92. The S&P declined 30.34 points or 0.7%, to end the session at 4,115.24 and the Nasdaq Composite slid 76.08 points, 0.6%, to trade at 12,484.16.
AJ Bell reports a H1 FY23 pretax profit of £41.9m, +61% YoY from £26.1m previously. They have increased their H1 dividend by 26% to 3.50p per share.
British Land CEO Simon Carter buys 42,592 shares at 356.86p each.
Fevertree Drinks says they have made a good start to the year and trading is in line with expectations as they confirm their EBITDA guidance of £36-42m for FY23.
Johnson Matthey reported a fall in annual profit as they were hit by higher costs and lower average precious metal prices. They reported an underlying operating profit of £465m for the year ended March 31st, down 21% YoY. Analysts were expecting an operating profit of £455.1m according to company-compiled estimates.
Tate & Lyle reports a FY pretax profit of £196m as they recommend a final dividend of 13.1p per share, up 2.5% YoY. They expect to deliver revenue growth of around 4-6% and adjusted EBITDA growth of 7-9%.
United Utilities reports a FY underlying pretax loss of £34.3m, down from a £301.9m profit YoY.
Vanquis Banking reports a positive start to 2023 with trading in-line with expectations.
No new broker comments
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
Harbourvest Global Private Equity
IntegraFin Holdings
Worldwide Healthcare Trust
US
None
German Gfk Consumer Confidence Survey
German Gross Domestic Product
Chicago Fed National Activity Index
US Gross Domestic Product Annualized
US Initial Jobless Claims
US Pending Home Sales
Tokyo Consumer Price Index
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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