This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| SHELL PLC | 2,425.0 | 5.5% |
| BP PLC | 481.9 | 3.4% |
| HARBOUR ENERGY PLC | 394.0 | 3.0% |
| MELROSE INDUSTRIES PLC | 116.5 | 2.9% |
| ROLLS-ROYCE HOLDINGS PLC | 76.3 | 2.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| AIRTEL AFRICA PLC | 107.8 | -15.1% |
| RIO TINTO PLC | 4664.0 | -3.7% |
| COCA-COLA HBC AG-DI | 1840.0 | -3.4% |
| GLENCORE PLC | 501.0 | -2.9% |
| INTERTEK GROUP PLC | 3757.0 | -2.7% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,074 | 0.3% | -2.4% |
| DOW JONES INDUS. AVG | 32,033 | 0.6% | -10.4% |
| DAX INDEX | 13,211 | 0.1% | -15.9% |
| NIKKEI 225 | 27,105 | -0.9% | -6.0% |
| S&P/ASX 200 INDEX | 6,786 | -0.9% | -8.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 87.89 | -1.34% |
| Brent Crude (ICE) | USD/bbl. | 96.02 | -0.97% |
| Gold Spot | USD/t oz. | 1,658 | -0.3% |
| Copper (Comex) | USd/lb. | 346 | -1.6% |
The UK 100 is called to open -60 points this morning at 7015. The UK 100 looks set to nurse some hefty falls at the open following some more disappointing earnings from big tech companies, Amazon and Apple overnight. Yesterday, Meta plunged more than 24% yesterday. On the broader markets, the Nasdaq dropped 2.04%, to close at 10,970.99. The S&P lost 0.74%, ending at 3,830.60. The 30-stock Dow Jones gained 2.37 points, roughly flat for the day and ending at 31,839.11.
Centrica has announced the reopening of the Rough gas storage facility, having completed significant engineering upgrades over the summer and commissioning over early autumn.
IAG, owner of British Airways and Iberia, reported third-quarter adjusted operating profit of 1.21 billion euros ($1.21 billion) after revenue returned to pre-pandemic levels despite much of its Asian network remaining closed due to COVID restrictions.
NatWest reported flat quarterly profits on Friday, as bad loan charges from a worsening economic outlook took the shine off income boosted by rising interest rates. NatWest posted pre-tax profit of 1.1 billion pounds ($1.27 billion) for July-September, slightly below the 1.2 billion pounds average of analyst forecasts compiled by the bank, and unchanged on the prior year. The bank set aside an additional 247 million pounds in the quarter to reflect the deteriorating picture, denting its profits. NatWest said it still expects to reach its return on equity target - a key measure of profitability - of 14-16% in 2023, but said the route to achieving that would be different as both income and costs rise amid rising interest rates and inflation.
Helios Towers
NatWest Group
International Consolidated Airlines Group
Airtel Africa
BoJ Interest Rate Decision
BoJ Monetary Policy Statement
BoJ Press Conference
German Gross Domestic Product
German Unemployment Change
EU HICP
US Core Personal Consumption Expenditures - Price Index
US Personal Income
US Personal Spending
Michigan Consumer Sentiment Index
US Pending Home Sales
US UoM 5-year Consumer Inflation Expectation
UK 100 companies going ex-dividend on 27th October 2022:
None
UK 250 companies going ex-dividend on 27th October 2022:
Ashmore Group
GCP Infrastructure Investments
VinaCapital Vietnam Opportunity Fund
Renishaw
Hilton Food Group
Edinburgh Investment Trust
European Opportunities Trust
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.
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.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.