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| Thursday’s UK 100 Leaders | Price (p) | % Chg |
| Admiral Group | 1,986.5 | 5.0% |
| Next | 5,420.0 | 4.8% |
| RS Group | 906.0 | 4.4% |
| Prudential | 902.4 | 3.0% |
| Smith & Nephew | 1,030.0 | 2.6% |
| Thursday’s UK 100 Laggards | Price (p) | % Chg |
| Ocado Group | 668.4 | -5.0% |
| Informa | 550.6 | -3.7% |
| Harbour Energy | 376.1 | -3.3% |
| Glencore | 510.4 | -2.7% |
| Flutter Entertainment | 11465.0 | -2.7% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,385 | 0.9% | 0.5% |
| DOW JONES INDUS. AVG | 33,537 | -0.6% | -7.1% |
| DAX INDEX | 14,313 | 0.6% | -11.4% |
| NIKKEI 225 | 27,990 | 0.1% | -6.0% |
| S&P/ASX 200 INDEX | 7,142 | -0.1% | -4.4% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 85.69 | -0.21% |
| Brent Crude (ICE) | USD/bbl. | 93.24 | 0.11% |
| Gold Spot | USD/t oz. | 1,778 | 0.4% |
| Copper (Comex) | USd/lb. | 387 | 1.1% |
Click graph to enlarge
The UK 100 is called to open +12 points this morning at 7397. The UK 100 looks set to open marginally higher this morning, this comes despite late falls in the US and after China reported slower-than-expected growth in factory output and retail sales for October, as a surge in Covid cases and a deepening property slump weighed on the world's second largest economy. At the close on Wall Street, the Dow Jones was down 211 points, or 0.63%, at 33,537, the S&P fell 36 points, or 0.89%, to 3,957 and the Nasdaq dropped 127 points, or 1.1%, to 11,196. Shares in tech giant, Amazon dropped 2% as The New York Times reported it was set to axe 10,000 jobs becoming the latest tech giant to cull its workforce.
BAE Systems: Rishi Sunak has announced a £4.2bn contract to BAE Systems to build five more ships for the Royal navy. They confirm strong order intake is continuing as they secure £10bn in H2 to date as they confirm their 2022 guidance and eye margin expansion in 2023.
Imperial Brands FY22 pretax profit falls to £2.55bn (2021: £3.24bn) as admin and finance costs widen. They declare a FY22 dividend of 141.17p as they are on track to deliver their five-year plan. They are confident in their plans in the face of current macroeconomy.
Land Securities reported a fall in property valuations as surging interest rates and inflation weighed on the sector.
Melrose report that their revenue and profit in the last four months is “substantially” higher as inflation is being successfully recovered.
Vodafone report a H1 pretax profit of 1.73bn euros (2021: 1.28bn euros) and an adjusted EBITDAAL of 7.24bn euros, down 4.2% YoY due to prior-year legal settlement and weakness in their German business. They state that their FY adjusted EBITDAAL to be 15.0-15.2bn euros, at the lower end of prior guidance. They have also set out new cost savings target of 1bn euros or more from simplifying the group.
Jefferies Downgrades Aston Martin to Underperform from Hold (2 Buys / 5 Holds / 1 Sell)
Jefferies Downgrades ITM Power to Hold from Buy (8 Buys / 5 Holds / 2 Sells)
Imperial Brands
Land Securities
Ninety One
Vodafone
Workspace Group
British Land
Experian
Mediclinic International
SSE
Sage Group
Chinese Industrial Production
Chinese NBS Press Conference
Chinese Retail Sales
Japanese Industrial Production
UK Claimant Count Change
UK ILO Unemployment Rate
EU Gross Domestic Product s.a.
EU ZEW Survey – Economic Sentiment
German ZEW Survey – Economic Sentiment
German ZEW Survey – Current Situation
US Producer Price Index ex Food & Energy
UK 100 companies going ex-dividend on 17th November 2022:
Pershing Square Holdings
Bunzl
Unilever
GSK
DCC
AVEVA Group
B&M European Value Retail S.A.
UK 250 companies going ex-dividend on 10th November 2022:
Genus
Fidelity Emerging Markets
ICG Enterprise Trust
Bytes Technology Group
Murray Income Trust
Scottish American Investment Company
UK Commercial Property REIT
Balanced Commercial Property Trust
Firstgroup
NextEnergy Solar Fund
Renewables Infrastructure Group
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