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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| 3I Group PLC | 1,609.0 | 4.3% |
| Ocado Group PLC | 452.1 | 2.9% |
| Barclays PLC | 137.0 | 2.3% |
| BP PLC | 496.4 | 2.1% |
| Melrose Industries PLC | 161.0 | 2.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Fresnillo PLC | 721.4 | -1.5% |
| Smiths Group PLC | 1,685.0 | -1.5% |
| Bt Group PLC | 139.0 | -0.5% |
| Segro PLC | 717.2 | -0.5% |
| Diageo PLC | 3,583.0 | -0.4% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,472 | 0.9% | 0.0% |
| DOW JONES INDUS. AVG | 32,432 | 0.6% | -7.2% |
| DAX INDEX | 15,128 | 1.1% | 4.9% |
| NIKKEI 225 | 27,518 | 0.2% | -1.5% |
| S&P/ASX 200 INDEX | 7,034 | 1.0% | -5.1% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 72.93 | 0.16% |
| Brent Crude (ICE) | USD/bbl. | 78.04 | -0.10% |
| Gold Spot | USD/t oz. | 1,954 | -0.1% |
| Copper (Comex) | USd/lb. | 409 | 0.3% |
Click graph to enlarge
The UK 100 called to open +47 points at 7517. The UK 100 is expected open higher on Tuesday building on yesterday’s gains and a positive sessions in both the US and Asia. Stock prices in New York were driven higher on Monday as the sale of Silicon Valley Bank lifted the mood, although tech stocks lagged behind. The Dow Jones closed up 194.55 points, or 0.6%, at 32,432.08. The S&P rose 6.54 points, or 0.2%, at 3,977.53 but the Nasdaq Composite slipped 55.12 points, 0.5%, to 11,768.84. In Asia, the Nikkei 225 index was marginally higher. In China, the Shanghai Composite was up 0.2%, while the Hang Seng index in Hong Kong was up 0.8%.
Bellway have announced a share buyback programme worth £100m after posting a lower HY profit as improved sales in recent weeks fuelled hopes of a recovery in the sector. Their underlying pretax profit for the six months ended Jan 31st came in at £312.1m, compared with £327.2m a year earlier.
Diageo CEO Ivan Menezes to retire and depart from the board on June 30th after 10 years. They have promoted COO Debra Crew to be their new CEO, effective July 1st.
GSK notes positive phase 3 trial results for cancer drug Jemperli.
Halma buys designer of aerosol-based fire suppression systems FirePro for 150m euros.
Ocado report that their revenue rose 3.4% in Q1 and have maintained their financial guidance for the year. Retail revenue in the 13 weeks to Feb 26th came in at £584m, up from £565m YoY.
United Utilities expects FY23 revenue to be around 1% lower than previous guidance.
William Hill are to be fined £19.2m for weak anti-money laundering controls and failure to protect customers.
Wood Group (John) report a pretax loss of $694.5m, widened from $172m YoY. Impairment of goodwill and intangible assets of $542.3m in 2022 vs none last year. They expect 2023 performance to be in line with medium-term targets.
Peel Hunt Upgrades Boohoo to Buy (3 Buys / 13 Holds / 3 Sells)
Redburn Upgrades IAG to Buy (8 Buys / 6 Holds / 0 Sells)
UK
Barr (AG)
Bellway
Petershill Partners
Softcat
Synthomer
Wood Group (John)
US
Micron Technology
UK
Ithica Energy
NEXT
US
None
US Housing Price Index
US S&P/Case-Shiller Home Price Indices
US Consumer Confidence
UK 100 companies going ex-dividend on 30th March 2023:
Aviva
Phoenix Group Holdings
Taylor Wimpey
abrdn
Mondi
Smith & Nephew
InterContinental Hotels Group
UK 250 companies going ex-dividend on 30th March 2023:
Moneysupermarket.com Group
Fidelity European Trust
European Smaller Companies Trust
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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.
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