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Morning Report - 13 December 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
London Stock Exchange Group PLC 7,610.8 2.8%
Entain PLC 1,416.4 1.2%
Experian PLC 2,918.0 0.8%
Haleon PLC 317.1 0.8%
Sage Group PLC 784.4 0.7%
Yesterday’s UK 100 Laggards Price (p) % Chg
Frasers Group PLC 755.1 -3.5%
Fresnillo PLC 844.2 -3.4%
Endeavour Mining PLC 1,672.0 -3.0%
Unite Group PLC 904.7 -2.5%
Ocado Group PLC 669.4 -2.5%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,446 -0.4% 2.1%
DOW JONES INDUS. AVG 33,898 1.3% -5.8%
DAX INDEX 14,307 -0.5% -8.4%
NIKKEI 225 27,842 -0.2% -2.1%
S&P/ASX 200 INDEX 7,181 -0.5% -2.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.19 3.06%
Brent Crude (ICE) USD/bbl. 78.00 2.50%
Gold Spot USD/t oz. 1,780 -0.9%
Copper (Comex) USd/lb. 381 -1.9%
The UK 100 is called to open -15 points this morning at 7462

4 hours; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 is called to open +21 points this morning at 7465. The UK 100 is expected to open higher on Tuesday following strong gains in the US and as investors look ahead to key US inflation figures later today.  At the close on Monday the Dow Jones was 528 points, or 1.58%, higher at 34,004.81, the S&P jumped 56 points, or 1.43%, to 3,991 and the Nasdaq advanced 139 points, or 1.26%, to 11,144.  This morning data showed UK wages rose in the three months to October but continue to fall in real terms, while unemployment edged up slightly more than expected, according to the latest government figures.

 

 

Company News & Broker Comments:

Company News:

Centamin sees 2nd year of reserve growth at Sukari, delivers 1.3Moz increase in resources.

 

 

InterContinental Hotels appoints Michael Glover as CFO from March 20th.

 

 

Synthomer sells laminates, films and coated fabrics businesses for $255m enterprise value with the sale proceeds to used to reduce debt.

 

 

Vodafone transfers 55% shareholding in Vodafone Egypt to its African subsidiary, Vodacom. Vodafone receives 242m shares in Vodacom and cash of 577m euros for Vodafone Egypt.

 

 

Broker Comments:

Credit Suisse Downgrades Reckitt Benckiser to Neutral from Outperform (8 Buys / 4 Holds / 1 Sell)

 

 

Oddo BHF Downgrades EasyJet to Underperform from Neutral (7 Buys / 3 Holds / 2 Sells)

 

 

Oddo BHF Downgrades IAG to Underperform from Neutral (10 Buys / 5 Holds / 0 Sells)

 

 

Oddo BHF Upgrades Wizz Air to Outperform from Neutral (7 Buys / 8 Holds / 1 Sell)

 

 

UBS Downgrades Rio Tinto to Sell from Neutral (3 Buys / 12 Holds / 2 Sells)

 

 

UBS Upgrades Johnson Matthey to Neutral from Sell (5 Buys / 10 Holds / 1 Sell)

 

 

UBS Upgrades Synthomer to Buy from Neutral (4 Buys / 8 Holds / 0 Sells)

Reporting Today:

Chemring

 

Reporting Wednesday:

TUI

 

Watches of Switzerland

 

In Focus Today:

UK Claimant Count Change

 

UK ILO Unemployment Rate

 

German Harmonized Index of Consumer Prices

 

UK Financial Stability Report

 

EU ZEW Survey – Economic Sentiment

 

German ZEW Survey – Economic Sentiment

 

US Consumer Price Index ex Food & Energy

 

Japanese Tankan Large Manufacturing Index

 

This Week's Ex-Dividends:

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

 

 

Associated British Foods

 

Burberry Group

 

Smith (DS)

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

 

 

MITIE Group

 

Cranswick

 

discoverIE Group

 

Balanced Commercial Property Trust

 

TR Property Investment Trust

 

Tritax EuroBox GBP

 

Redde Northgate

 

Baltic Classifieds Group

 

Hipgnosis Songs Fund

 

Templeton Emerging Markets IT

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