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Morning Report - 26 May 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Centrica PLC 116.4 2.5%
Pershing Square Holdings LTD 2,744.0 2.1%
Scottish Mortgage Investment Trust PLC 657.0 1.9%
Admiral Group PLC 2,321.0 1.8%
Ashtead Group PLC 4,860.0 1.7%


Yesterday’s UK 100 Laggards Price (p) % Chg
Coca-Cola Hbc AG 2,378.0 -4.9%
Imperial Brands PLC 1,727.5 -3.9%
Frasers Group PLC 681.0 -3.5%
Dcc PLC 4,712.0 -3.2%
Kingfisher PLC 233.0 -3.1%


Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,571 -0.7% 0.1%
DOW JONES INDUS. AVG 32,765 -0.1% 0.4%
DAX INDEX 15,794 -0.3% 11.0%
NIKKEI 225 30,916 0.4% 16.2%
S&P/ASX 200 INDEX 7,155 0.2% 0.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 72.01 0.25%
Brent Crude (ICE) USD/bbl. 76.33 0.09%
Gold Spot USD/t oz. 1,951 0.5%
Copper (Comex) USd/lb. 365 1.7%
The UK 100 called to open +17 points at 7587. 

4 hours; 5 Months

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Markets Overview:

The UK 100 called to open +17 points at 7587.   A positive start is expected in London today, this comes after it was reported overnight by Reuters, that Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter, as time grows short to avert a catastrophic US default.  This has led to Asian markets being higher in Friday morning trading, MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3%, the Nikkei added 0.7% while markets in Hong Kong are closed today.  It was a mixed session on Wall Street yesterday, the S&P 500 gained 0.88%, while the Nasdaq surged 1.77% higher, soured on by stronger than expected results from chip maker Nvidia, the Dow Jones however declined by 0.11%.

Company News & Broker Comments:

Company News:

ASOS plans to boost its balance sheet through a new long-term £275m financing facility alongside a £75m placing as it continues to restructure the business.



Hurricane Energy report a pretax profit of £108.7m down from £188.2m YoY.



OnTheMarket names Tom Carter as their new CFO with effect from the 3rd of July.



Broker Comments:

Morgan Stanley Upgrades Rio Tinto to Overweight (5 Buys / 11 Holds / 2 Sells)



RBC Downgrades Halfords Group to Sector Perform from Outperform (1 Buy / 3 Holds / 0 Sells)


Reporting Today:



Harbourvest Global Private Equity


IntegraFin Holdings


Worldwide Healthcare Trust







Reporting Monday:










In Focus Today:

UK Retail Sales


US Core Personal Consumption Expenditures – Price Index


US Durable Goods Orders


US Nondefense Capital Goods Orders ex Aircraft


US Personal Income


US Personal Spending


Michigan Consumer Sentiment Index


US UoM 5-year Consumer Inflation Expectation


Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 1st June 2023:


National Grid


Severn Trent




Sage Group


Associated British Foods


Scottish Mortgage Investment Trust


UK 250 companies going ex-dividend on 1st June 2023:


Keller Group




Hilton Food Group




Hill & Smith


Great Portland Estates


JLEN Environmental Assets Group


LondonMetric Property


Capital Gearing Trust


Temple Bar Investment Trust




Law Debenture Corporation


JPMorgan Global Growth & Income


Alliance Trust

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