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Morning Report - 20 December 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
Melrose Industries PLC 128.0 3.2%
Airtel Africa PLC 113.0 2.8%
BP PLC 466.6 2.5%
Beazley PLC 649.9 2.2%
Shell PLC 2,287.0 2.0%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
London Stock Exchange Group PLC 7,134.0 -2.8%
Rightmove PLC 516.6 -2.8%
Auto Trader Group PLC 521.8 -2.4%
Jd Sports Fashion PLC 115.7 -2.1%
Next PLC 5,530.0 -1.7%
Major World Indices Price % Chg 1 YEAR
UK100 INDEX 7,361 0.4% 2.3%
DOW JONES INDUS. AVG 32,758 -0.5% -6.2%
DAX INDEX 13,943 0.4% -10.2%
NIKKEI 225 26,568 -2.5% -4.9%
S&P/ASX 200 INDEX 7,024 -1.5% -3.7%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 75.51 0.43%
Brent Crude (ICE) USD/bbl. 79.79 -0.01%
Gold Spot USD/t oz. 1,794 0.4%
Copper (Comex) USd/lb. 377 -0.3%
The UK 100 is called to open -35 points this morning at 7326.  

4 hours; 8 Months

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Markets Overview:

The UK 100 is called to open -35 points this morning at 7326.  The UK 100 looks set to make a weak start to trading following a surprise move by the Bank of Japan which sent Asian markets lower.  Japan's central bank tweaked its longstanding monetary easing programme, in a surprise decision that saw the yen strengthen against the dollar, while the Nikkei 225 fell.  US markets also failed yesterday to get into the festive mood heading downwards for a fourth day in a row as investors continued to fret that higher interest rates will dent economic growth.  At the close the Dow Jones was down 164 points, or 0.5%, to 32,757, the S&P slipped 35 points, or 0.9%, to 3,817 and the Nasdaq declined 159 points, or 1.5%, to 10,546.

 

 

Company News & Broker Comments:

Company News:

 

Dechra have this morning announced that Geeta Gopalan will be appointed as a Non-Executive Director of the Company. Geeta will be a member of the Group's Audit, Remuneration and Nomination Committees with the intention that she will be appointed as Chair of the Remuneration Committee from 1 March 2023.

 

TSB Bank have been fined by The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) a total of £48,650,000 for operational risk management and governance failures, including management of outsourcing risks, relating to the bank's IT upgrade programme. Technical failures in TSB's IT system ultimately resulted in customers being unable to access banking services.

 

 

Broker Comments:

 

 No New broker comments

Reporting Today:

Petrofac

 

Reporting Wednesday:

None

 

In Focus Today:

PBoC Interest Rate Decision

 

BoJ Interest Rate Decision

 

BoJ Monetary Policy Statement

 

BoJ Press Conference

 

German Producer Price Index

 

US Building Permits

 

US Housing Starts

 

EU Consumer Confidence

 

This Week's Ex-Dividends:

UK 100 companies going  ex-dividend on 22nd December 2022:

 

 

British American Tobacco

 

United Utilities Group

 

Halma

UK 250 companies going  ex-dividend on 22nd December 2022:

 

 

Home REIT

 

Britvic

 

IntegraFin Holdings

 

JPMorgan Japanese Investment Trust

 

Law Debenture Corporation

 

abrdn Private Equity Opportunities Trust

 

Mercantile Investment Trust

 

JPMorgan European Discovery Trust

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