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Morning Report - 12 December 2022

Yesterday’s UK 100 Leaders Price (p) % Chg
Smith (Ds) PLC 327.7 4.7%
Intercontinental Hotels Group PLC 4,986.0 4.1%
Prudential PLC 1,090.5 3.0%
Rolls-Royce Holdings PLC 94.1 2.9%
Halma PLC 2,133.0 2.7%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Frasers Group PLC 782.5 -3.9%
Anglo American PLC 3,190.0 -3.3%
Gsk PLC 1,457.8 -1.7%
Tesco PLC 227.9 -1.3%
Fresnillo PLC 874.0 -1.3%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,477 0.1% 2.5%
DOW JONES INDUS. AVG 33,476 -0.9% -6.9%
DAX INDEX 14,371 0.7% -8.0%
NIKKEI 225 27,842 -0.2% -2.1%
S&P/ASX 200 INDEX 7,181 -0.5% -2.4%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 71.52 0.70%
Brent Crude (ICE) USD/bbl. 76.46 0.47%
Gold Spot USD/t oz. 1,790 -0.4%
Copper (Comex) USd/lb. 384 -1.0%
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 -15 points this morning at 7462.  The UK 100 looks set to open marginally lower this morning, this comes despite data this morning showed the UK economy grew in October by 0.5% rebounding from a fall of 0.6% in in September, The figure was slightly better than City forecasts for a rise of 0.4%.  Looking at the broader picture, GDP fell by 0.3% in the three months to October compared with the three months to July.  US stocks finished the trading week lower on Friday after hotter-than-expected producer price index data for November sparked further Federal Reserve interest rate hike fears.  At the close, the Dow lost 305 points to 33,476, while the S&P eased 29 points at 3,934 and the tech-heavy Nasdaq fell 77 points to 11,005.

 

 

Company News & Broker Comments:

Company News:

London Stock Exchange and Microsoft launch 10-year strategic partnership with contractual commitment by LSEG with Microsoft to be worth $2.8bn.

 

 

Metro Bank has been fined £10m by the FCA for sending incorrect information to investors.

 

 

Primary Health Properties CEO Harry Hayman is to retire at 2024 AGM.

 

 

Rio Tinto: Turquoise Hill shareholders approve Rio Tinto takeover bid.

 

 

Broker Comments:

Jefferies Upgrades Wood Group to Buy from Hold (4 Buys / 4 Holds / 0 Sells)

 

 

HSBC Downgrades International Distribution Services to Hold from Buy (3 Buys / 6 Holds / 3 Sells)

 

 

Stifel Upgrades IAG to Hold from Sell (10 Buys / 5 Holds / 0 Sells)

Reporting Today:

None

 

Reporting Monday:

None

 

In Focus Today:

UK Gross Domestic Product

 

UK Industrial Production

 

UK Manufacturing Production

 

Chinese FDI - Foreign Direct Investment

 

UK NIESR GDP Estimate

 

US Monthly Budget Statement

 

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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