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Morning Report - 10 October 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
SEGRO PLC 743.2 2.6%
IMPERIAL BRANDS PLC 1,944.0 2.5%
HALEON PLC 284.2 2.1%
INFORMA PLC 542.4 2.0%
ASHTEAD GROUP PLC 4,400.0 1.8%
Yesterday’s UK 100 Laggards Price (p) % Chg
KINGFISHER PLC 214.4 -4.9%
CENTRICA PLC 68.4 -4.4%
ROLLS-ROYCE HOLDINGS PLC 71.3 -3.6%
DS SMITH PLC 249.4 -3.5%
ST JAMES’S PLACE PLC 995.6 -3.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 6,991 -0.1% -1.5%
DOW JONES INDUS. AVG 29,297 -2.1% -15.7%
DAX INDEX 12,273 -1.6% -19.3%
NIKKEI 225 27,116 -0.7% -3.3%
S&P/ASX 200 INDEX 6,668 -1.4% -8.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 92.13 -0.55%
Brent Crude (ICE) USD/bbl. 97.37 -0.56%
Gold Spot USD/t oz. 1,686 -0.5%
Copper (Comex) USd/lb. 339 0.2%
The UK 100 is called to open -54 points this morning at 6936.

4 hours; 8 Months

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Markets Overview:

The UK 100 is called to open -54 points this morning at 6936. The UK 100 looks set to open lower this morning following a weak session in Asia overnight and Wall Street ended last week significantly lower after the latest jobs report highlighted tight labour conditions despite a slowdown in hiring, which could indicate the Fed will proceed with aggressive interest rate hikes, at the close, the Dow Jones fell by 2.1% at 29,297 points, while S&P had fallen by 2.8% at 3,640 points, and the Nasdaq lost 3.8% at 10,652.

 

 

Company News & Broker Comments:

Company News:

Anglo American names Al Cook as CEO of De Beers.
DS Smith says trading continues to be good as they expect H1 FY22 adjusted operating profit to be at least £400m.
GlaxoSmithKline state that the FDA has allowed the use of their Boostrix vaccine during the third trimester of pregnancy to prevent whooping cough in infants younger than two months of age.
National Grid continues to perform in line with expectations for H1 to Sept 30th.
Quilter announces that their CEO Paul Feeney is to step down on October 31st and will promote Steven Levin to CEO from Nov 1st.

Broker Comments:

 

HSBC Upgrades Fevertree Drinks to Hold from Reduce (4 Buys / 11 Holds / 2 Sells)
RBC Upgrades Moneysupermarket.com to Outperform from Sector Perform (8 Buys / 5 Holds / 0 Sells)

Reporting Today:

Sirius Real Estate

 

Reporting Tuesday:

Dechra Pharmaceuticals

 

In Focus Today:

US IMF Meeting

 

BRC Like-For-Like Retail Sales

 

Japanese Current Account

 

This Week's Ex-Dividends:

UK 100 companies going  ex-dividend on 13th October 2022:

 

Taylor Wimpey

 

WPP

 

Spirax-Sarco Engineering

 

Tesco

 

UK 250 companies going  ex-dividend on 13th October 2022:

 

Howden Joinery Group

 

NCC Group

 

Close Brothers Group

 

JPMorgan Emerging Markets Invest Trust

 

Balanced Commercial Property Trust

 

Ruffer Investment Company

 

Primary Health Properties

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