FTSE 100 (UKX)

8,335.13
   
  • Change Today:
      21.46
  • 52 Week High: 8,364.04
  • 52 Week Low: 7,256.94

Wednesday preview: US corporate results, Lloyds in the spotlight

By Alexander Bueso

Date: Tuesday 23 Apr 2024

LONDON (ShareCast) - (Sharecast News) - The market spotlight on Wednesday will be firmly on the U.S., as the latest quarterly results from the country's tech heavyweights continue to roll in.
Among the corporate names due to report are Boeing, IBM, and Intel.

Investors will also be digesting the latest results out from Tesla.

On the economic side of things meanwhile, the IFO institute is due to release the results of its business confidence survey for April.

Stateside meanwhile the Department of Commerce will release durable goods orders figures for the month of March.

In the company arena, it's Lloyds that will be in focus, as the lender publishes its first quarter numbers.

UBS analyst Jason Napier was anticipating profit before tax of £1.61bn or £1.67bn excluding remediation charges, for a common equity tier one ratio of 13.9%.

Lloyds had guided towards 2024 net interest margins in excess of 2.90%.

According to UBS analyst Jason Napier, the lenders' shares were trading on 6.5 times' his estimated adjusted earnings per share for 2025.

In turn, that implied a significant 'miss' on Lloyd's target for return-on -tangible-equity and/or "substantial" costs to shareholders from motor finance redress.

The findings of the FCA's review of motor finance commissions were due on 24 September.

Wednesday 24 April

INTERIMS

Tracsis

INTERNATIONAL ECONOMIC ANNOUNCEMENTS

Crude Oil Inventories (US) (15:30)

Durable Goods Orders (US) (13:30)

IFO Business Climate (GER) (09:00)

IFO Current Assessment (GER) (09:00)

IFO Expectations (GER) (09:00)

MBA Mortgage Applications (US) (12:00)

FINALS

1Spatial, Sanderson Design Group, Star Energy Group, Tortilla Mexican Grill, Warpaint London

AGMS

Abrdn , Allianz Technology Trust, AssetCo, Breedon Group , British American Tobacco, British American Tobacco, Bunzl, Coro Energy, Croda International, Entain, Greencoat UK Wind, Nichols, Primary Health Properties, Synectics, Woodside Energy Group Ltd NPV (DI)

FINAL DIVIDEND PAYMENT DATE

Conduit Holdings Limited Com Shs (DI)

Q1

HSBC Holdings, PensionBee Group

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Data

Price 8,335.13
Change Today 21.46
% Change 0.26 %
07-May-24 Close 8,313.67

Top Risers

Price Change
IAG 183.50p +3.4%
INF 852.60p +2.5%
HLMA 2,332.00p +2.1%
BEZ 656.00p +2.1%
SKG 3,808.00p +1.7%
RS1 800.00p +1.7%
EZJ 518.60p +1.6%
DGE 2,800.00p +1.6%
PSON 1,013.50p +1.6%
MRO 600.20p +1.5%

Top Fallers

Price Change
OCDO 350.30p -2.7%
PHNX 506.50p -2.1%
GLEN 459.95p -1.7%
ANTO 2,161.00p -1.7%
ICG 2,148.00p -1.5%
BP. 496.40p -1.4%
AAF 114.30p -1.4%
RIO 5,520.00p -1.3%
BDEV 486.70p -1.2%
VOD 67.14p -1.1%

Top of Page