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Morning Report - 30 November 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
Standard Chartered PLC 609.0 5.0%
HSBC Holdings PLC 510.3 4.4%
Prudential PLC 964.8 3.9%
Rio Tinto PLC 5,563.0 3.7%
Anglo American PLC 3,289.5 3.7%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Halma PLC 2128.0 -6.3%
Sage Group PLC 786.0 -3.7%
Croda International PLC 6712.0 -2.8%
Ocado Group PLC 617.0 -2.7%
Experian PLC 2869.0 -2.6%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,512 0.5% 5.7%
DOW JONES INDUS. AVG 33,853 0.0% -3.7%
DAX INDEX 14,355 -0.2% -6.1%
NIKKEI 225 28,028 -0.5% 0.7%
S&P/ASX 200 INDEX 7,253 0.3% 0.0%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 78.20 1.24%
Brent Crude (ICE) USD/bbl. 83.70 0.61%
Gold Spot USD/t oz. 1,743 -0.4%
Copper (Comex) USd/lb. 364 0.7%
The UK 100 is called to open +35 points this morning at 7555. 

4 hours; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +35 points this morning at 7555.  The UK 100 looks set to make a positive start to the session today, as investors look ahead to CPI figures from the EU and a speech by Federal Reserve chair, Jerome Powell later today. Wall Street was mixed at the close the Dow Jones was 3 points higher at 33,850, the S&P slipped 6 points, or 0.16%, to 3,958 and the Nasdaq fell 66 points, or 0.59%, to 10,984.  In Asia, stocks were mixed. Tokyo's Nikkei index was down 0.2%. In China, the Shanghai Composite was down 0.4%, while the Hang Seng index in Hong Kong was up 0.3%.

 

Company News & Broker Comments:

Company News:

AstraZeneca are to sell their West Chester manufacturing site in Ohio biomanufacturing company National Resilience.

 

 

Pennon Group report H1 FY23 pretax profit of £20.9m (2021: £79.9m profit) as they declare an interim dividend of 12.96p per share, +11% YoY. They state that their FY underlying results are expected to be H1 weighted and they expect FY23 total power costs to increase by £50m.

 

 

Rio Tinto plans to invest a further $600m in renewable energy assets in the Pilbara region. They also expect 320-335Mt Pilbara iron ore shipments in 2023, with 3-3.8m carats diamonds in 2023 (2022: 4.5-5m)

 

 

Ryanair are in talks with authorities in Egypt and Libya about operating flights to the countries for the first time.

 

 

Broker Comments:

Exane BNP Upgrades Melrose Industries to Outperform from Neutral (4 Buys / 3 Holds / 0 Sells)

Reporting Today:

Future

 

 

Pennon Group

 

Reporting Thursday:

Auction Technology Group

 

In Focus Today:

Chinese NBS Manufacturing PMI

 

Chinese Non-Manufacturing PMI

 

German Unemployment Change

 

EU Core Harmonized Index of Consumer Prices

 

German 10-y Bond Auction

 

US ADP Employment Change

 

US Gross Domestic Product Annualized

 

US Personal Consumption Expenditures Prices

 

US Chicago Purchasing Managers' Index

 

US Pending Home Sales

 

Fed's Chair Powell speech

 

Fed's Beige Book

 

Tomorrow's Ex-Dividends:

UK 100 companies going  ex-dividend on 1st December 2022:

 

 

3i Group

 

Severn Trent

 

Next

UK 250 companies going  ex-dividend on 1st December 2022:

 

 

Bellway

 

Ninety One

 

Fidelity Special Values

 

Pets At Home Group

 

CMC Markets

 

Warehouse REIT

 

Telecom Plus

 

LXi REIT

 

LondonMetric Property

 

Hill & Smith Holdings

 

AVI Global Trust

 

Alliance Trust

 

Caledonia Investments

 

Personal Assets Trust

 

Oxford Instruments

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