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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| AVEVA GROUP PLC | 3,050.0 | 3.1% |
| HALEON PLC | 266.6 | 1.0% |
| BP PLC | 461.6 | 0.8% |
| BAE SYSTEMS PLC | 794.0 | 0.4% |
| SHELL PLC | 2,327.5 | 0.3% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| OCADO GROUP PLC | 679.2 | -14.6% |
| SCOTTISH MORTGAGE INV TR PLC | 807.4 | -5.0% |
| INTL CONSOLIDATED AIRLINE-DI | 108.0 | -4.4% |
| SEGRO PLC | 906.0 | -4.3% |
| FRASERS GROUP PLC | 821.0 | -4.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,386 | -1.2% | 4.5% |
| DOW JONES INDUS. AVG | 31,503 | -2.7% | -9.7% |
| DAX INDEX | 13,189 | -1.6% | -16.0% |
| NIKKEI 225 | 28,615 | 0.3% | -6.0% |
| S&P/ASX 200 INDEX | 7,010 | 0.7% | -5.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 85.98 | -2.05% |
| Brent Crude (ICE) | USD/bbl. | 91.93 | -2.20% |
| Gold Spot | USD/t oz. | 1,705 | -1.2% |
| Copper (Comex) | USd/lb. | 356 | -1.5% |
Click graph to enlarge
The UK 100 is called to open -40 points this morning at 7355. The UK 100 is expected to open lower this morning following heavy falls in the US overnight following the stronger than expected US CPI numbers. The Dow Jones slid 1,276 points, or 3.9%, to 31,105, the S&P tumbled 178 points, or 4.3%, to 3,933 and the Nasdaq slumped 633 points, or 5.2%, to 11,634. This morning, the UK Consumer Prices Index data showed a rise of 9.9% in the 12 months to August 2022, down from 10.1% in July, according to The Office for National Statistics and below expectations for an increase to 10.1%.
Dunelm Group reported higher annual profits as customers continued to shop at its stores and online shopping thrived despite the cost of living crisis in Britain. They posted a 32% rise in profit before tax for the year at £209m. They expect to deliver about 50% gross margin in 2023, slightly lower than the 51.2% it saw in 2022.
ITM Power reports a FY22 pretax loss of £46.7m (2021: £27.6m loss).
Redrow reports FY pretax profit of £246m, down 22% YoY from £314m. They note that the housing market has moderated due to inflation and higher interest rates. Their order book for the new financial year stands at over £1.4bn. They also note exceptional fire safety costs of £164m has hit their pretax profit.
Tullow Oil has said it will stick to the current form of its planned all-share merger with Capricorn Energy, shrugging off criticism from some Capricorn investors who say the deal undervalues the company. They have reiterated their guidance for FY free cash flow of $200m at an oil price of $95 a barrel, after recording a $205m negative cash flow in H1 after an acquisition and an arbitration payment.
Credit Suisse Downgrades Ocado to Underperform from Neutral (8 Buys / 9 Holds / 2 Sells)
Deutsche Bank Downgrades ABRDN to Sell from Hold (3 Buys / 6 Holds / 2 Sells)
Jefferies Upgrades Croda to Buy from Hold (5 Buys / 9 Holds / 0 Sells)
RPT / Stifel Downgrades EasyJet to Sell from Buy (11 Buys / 2 Holds / 1 Sell)
RPT / Stifel Downgrades IAG to Sell from Hold (7 Buys / 9 Holds / 0 Sells)
Tullow Oil
Dunelm Group
ITM Power
Redrow
Gresham House
Oxford Biomedica
Japanese Industrial Production
UK Consumer Price Index
UK Retail Price Index
EU Industrial Production s.a.
EU EC President von der Leyen speech
US Producer Price Index ex Food & Energy
Japanese Merchandise Trade Balance Total
UK 100 companies going ex-dividend on 15th September 2022:
Unite Group
Intertek Group
Melrose Industries
UK 250 companies going ex-dividend on 15th September 2022:
TBC Bank Group
Balanced Commercial Property Trust
International Public Partnerships
Energean
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