This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Tuesday’s UK 100 Leaders | Price (p) | % Chg |
| Centrica PLC | 87.3 | 4.6% |
| Scottish Mortgage Investment Trust PLC | 829.0 | 2.5% |
| Melrose Industries PLC | 130.4 | 2.5% |
| Rightmove PLC | 568.3 | 2.0% |
| BAE Systems PLC | 737.4 | 1.5% |
| Tuesday’s UK 100 Laggards | Price (p) | % Chg |
| Ocado Group | 772.0 | -16.6% |
| Vodafone Group PLC | 96.1 | -7.8% |
| Fresnillo PLC | 851.8 | -3.1% |
| Endeavour Mining PLC | 1653.0 | -3.1% |
| Hargreaves Lansdown PLC | 908.0 | -2.5% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,351 | -0.3% | 0.8% |
| DOW JONES INDUS. AVG | 33,554 | -0.1% | -6.6% |
| DAX INDEX | 14,234 | -1.0% | -12.4% |
| NIKKEI 225 | 27,931 | -0.4% | -5.9% |
| S&P/ASX 200 INDEX | 7,136 | 0.2% | -3.2% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 84.77 | -0.96% |
| Brent Crude (ICE) | USD/bbl. | 92.25 | -0.66% |
| Gold Spot | USD/t oz. | 1,768 | -0.3% |
| Copper (Comex) | USd/lb. | 376 | -0.3% |
Click graph to enlarge
The UK 100 is called to open flat this morning at 7351. The UK 100 looks set to open flat today ahead of the chancellor taking centre stage as he delivers his autumn statement which is expected to contain a number of tax increases and spending cuts. This follows US markets ending the day the wrong side of the line with all three major indices ending in negative territory. At the close the Dow Jones was down 39 points, or 0.12%, to 33,554, the S&P fell 33 points, or 0.83%, to 3,959, and the Nasdaq dipped 174 points, or 1.54%, to 11,184.
Burberry report that their quarterly comparable store sales rose 11%, significantly faster than its prior quarter and beating a company supplied consensus of 8% growth. The quarterly performance lifted H1 revenue to £1.35bn, up 5% and just ahead of forecasts, while operating profit rose 6% to £238m.
Crest Nicholson expects their FY22 adjusted pretax profit to be between £135-140m. They have completed a new £250m revolving credit facility to expire in Oct 2026.
Flutter sees revenue at its U.S. Fanduel business jumping 4.5-5 times to around $15bn over the long-run.
Halma report that their H1 adjusted pretax profit came in at £171.7m, up 11% from £154.9m YoY.
International Distribution Services (Royal Mail’s parent company) reported a H1 loss of £57m as higher costs and disruptions arising from strikes by its postal workers put a strain on its finances. They still expect their FY adjusted operating loss for their UK business to be around £350-450m.
Investec reports that their H1 pretax profit soared to £506.8m (2021: £266.3m) as their Funds Under Management (FUM) decreased 7.6% to £59bn (2021: £63.8bn).
RBC Downgrades Hargreaves Lansdown to Sector Perform from Outperform (7 Buys / 8 Holds / 2 Sells)
Intermediate Capital Group
International Distribution Services
Investec
Mitie Group
Spirax-Sarco
Syncona
Virgin Money
Worldwide Health Trust
Liontrust Asset Management
TBC Bank Group
EU Core Harmonized Index of Consumer Prices
US Building Permits
US Initial Jobless Claims
Japanese National Consumer Price Index
UK 100 companies going ex-dividend on 17th November 2022:
Pershing Square Holdings
Bunzl
Unilever
GSK
DCC
AVEVA Group
B&M European Value Retail S.A.
UK 250 companies going ex-dividend on 10th November 2022:
Genus
Fidelity Emerging Markets
ICG Enterprise Trust
Bytes Technology Group
Murray Income Trust
Scottish American Investment Company
UK Commercial Property REIT
Balanced Commercial Property Trust
Firstgroup
NextEnergy Solar Fund
Renewables Infrastructure Group
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.