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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Centrica PLC | 87.3 | 4.6% |
| Scottish Mortgage Investment Trust PLC | 829.0 | 2.5% |
| Melrose Industries PLC | 130.4 | 2.5% |
| Rightmove PLC | 568.3 | 2.0% |
| BAE Systems PLC | 737.4 | 1.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Ocado Group | 772.0 | -16.6% |
| Vodafone Group PLC | 96.1 | -7.8% |
| Fresnillo PLC | 851.8 | -3.1% |
| Endeavour Mining PLC | 1653.0 | -3.1% |
| Hargreaves Lansdown PLC | 908.0 | -2.5% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,361 | -0.3% | 0.5% |
| DOW JONES INDUS. AVG | 33,839 | 0.9% | -6.2% |
| DAX INDEX | 14,375 | 0.4% | -11.4% |
| NIKKEI 225 | 27,990 | 0.1% | -6.0% |
| S&P/ASX 200 INDEX | 7,142 | -0.1% | -3.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 85.98 | 0.13% |
| Brent Crude (ICE) | USD/bbl. | 93.13 | -0.01% |
| Gold Spot | USD/t oz. | 1,771 | 0.0% |
| Copper (Comex) | USd/lb. | 382 | -0.2% |
Click graph to enlarge
The UK 100 is called to open -2 points this morning at 7367. The UK 100 is expected to open marginally lower this morning following UK inflation data reading at a 40 year high this driven in part by rising energy prices. Geopolitical concerns may also have an impact following the news that a stray Russian missile had crossed into Poland killing two people. On Wall Street, at the close the Dow Jones was up 56 points, or 0.17%, to 33,592, the S&P rose 34 points, or 0.87%, to 3,992 and the Nasdaq jumped 162 points, or 1.45%, to 11,358.
Beazley are planning an equity raise of roughly £385m to expand their cyber and speciality insurance businesses.
British Land turns to an interim pretax loss of £22m (2021: £373m profit) as interim revaluation of properties lost £189m (2021: £220m profit). They are proactively managing risk due to economic uncertainty as they have forecast cost inflation of 8-10% this year. They expect construction cost inflation to moderate to between 4-5% next year.
Deliveroo announces they are to end operations in Australia.
Experian report a H1 FY23 pretax profit of $517m, down 21% YoY from $654m. They declare an interim dividend of 17 cents per share as they back their FY expectations. They expect total revenue growth of between 8-10% with modest margin accretion.
SSE swings to an interim pretax loss of £511m (2021: £1.69bn profit) as cost of sales balloon to £6.13bn, up from £1.19bn YoY. They expect an adjusted EPS for FY23 of at least 120p, as they propose an interim dividend of 29p per share (2021: 25.5p per share). They are on course to report “record” FY23 capex of £2.5bn including acquisitions.
Sage Group report an FY underlying pretax profit of £346m (2021: £333m profit) as they hike their FY dividend by 4%. They expect their operating margins to trend upwards in FY23, as they predict that their FY23 organic recurring revenue growth will be ahead of FY22 due to cloud offering.
British Land
Experian
Mediclinic International
SSE
Sage Group
Intermediate Capital Group
International Distribution Services
Investec
Mitie Group
Spirax-Sarco
Syncona
Virgin Money
Worldwide Health Trust
UK Consumer Price Index
UK PPI Core Output
UK Retail Price Index
EU EU Financial Stability Review
US Retail Sales
Japanese Exports
Japanese Imports
Japanese Trade Balance
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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