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Morning Report - 18 November 2019

Yesterday’s UK 100 Leaders Price (p) % Chg
WHITBREAD PLC 4,386.0 4.8%
NMC HEALTH PLC 2,368.0 3.4%
INTL CONSOLIDATED AIRLINE-DI 557.4 2.8%
ANTOFAGASTA PLC 882.6 2.4%
NEXT PLC 6,640.0 2.4%
Yesterday’s UK 100 Laggards Price (p) % Chg
COCA-COLA HBC AG-DI 2476.0 -3.1%
VODAFONE GROUP PLC 154.6 -3.1%
HISCOX LTD 1249.0 -2.6%
FRESNILLO PLC 624.4 -1.9%
BRITISH AMERICAN TOBACCO PLC 2852.0 -1.7%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 7,303 0.1% 4.1%
DOW JONES INDUS. AVG 28,005 0.8% 10.2%
DAX INDEX 13,242 0.5% 16.8%
NIKKEI 225 23,417 0.5% 8.0%
S&P/ASX 200 INDEX 6,767 -0.4% 18.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 57.96 0.42%
Brent Crude (ICE) USD/bbl. 63.45 0.24%
Gold Spot USD/t oz. 1,463 -0.3%
Copper (Comex) USd/lb. 266 0.3%
UK 100 called to open flat points at 7302

UK 100 : 4 Hours, 5 Months

Click graph to enlarge

Markets Overview:

 

UK 100 called to open flat at 7302; this comes on the back of a very positive trading session to start the week in Asia, both the Nikkei and the Hang Seng starting the week in the green. The Hang Seng +304 points, or 1.16% and the Nikkei +113 points or 0.5%, these movements follow China cutting short term lending rates for the first time since 2015. The US closed off the weeks trading by breaking through 28000 for the first time ever on the Dow Jones, could this be a sign of what is to come in Europe today? Will we see a continuation of positive sentiment filter through? Gold remained under pressure overnight sitting down at $1465 while oil rallied back above $63 once more $63.4 at time of writing.

 

In corporate news this morning:

 

Diploma FY results with strong double-digit growth in revenues and earnings. Revenue growth +5%, adjusted profit before tax £96.5m, EPS +14% and total dividend per share +14%. They remain confident of further progress in the current financial year as moderately growth will be offset by strong contribution from acquisitions.     

 

GKP have appointed Ian Weatherdon as its CFO.

 

IQE trading update now expects to deliver revenue of between £136m-142m compared to previous guidance range of £140-160m. As a result a single digit adjusted operating loss is now expected. 

 

Sage Group announce they have entered into an agreement for the sale of its Sage Pay business to Elavon for £232m. 

 

Source: Bloomberg, FT, Reuters, DJ Newswires, AlphaTerminal

 

Upgrades/Downgrades:

 

HSBC Upgraded to Buy by Jefferies (Bloomberg: 5 buys/ 10 holds/ 12 sells)

 

BT Downgraded to Underweight by Barclays (Bloomberg: 14 buys/ 6 holds/ 3 sells)

 

 

In Focus Today:

 

EU Financial stability review

 

US 3 & 6 Month bond auctions

 

 

Companies reporting today:

 

Diploma

 

Companies reporting Tomorrow:

 

Easyjet, AO World, Big Yellow Group, Halma, Keller Group

 

(Full list available on Week in advance)

 

This Week's Ex-Dividends:

 

Imperial Brands - 4.1%

 

Carnival - 1.2%

 

DCC - 0.7%

 

Tate & Lyle - 1.2%

 

 

(Full list available on Week in advance)

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