This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Ocado Group | 674.2 | 6.3% |
| Frasers Group | 706.0 | 5.8% |
| SAINSBURY (J) PLC | 218.0 | 4.5% |
| Flutter Entertainment | 11,815.0 | 2.7% |
| Next | 5,258.0 | 2.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| GSK | 1377.0 | -4.7% |
| Centrica | 76.6 | -4.1% |
| Scottish Mortgage Investment Trust PLC | 743.4 | -3.1% |
| Convatec Group PLC | 210.2 | -2.8% |
| HSBC Holdings PLC | 479.4 | -2.2% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,300 | -0.5% | 0.0% |
| DOW JONES INDUS. AVG | 32,827 | 1.3% | -9.9% |
| DAX INDEX | 13,534 | 0.6% | -15.7% |
| NIKKEI 225 | 27,872 | 1.3% | -5.5% |
| S&P/ASX 200 INDEX | 6,959 | 0.4% | -6.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 91.49 | -0.33% |
| Brent Crude (ICE) | USD/bbl. | 97.73 | -0.19% |
| Gold Spot | USD/t oz. | 1,670 | -0.4% |
| Copper (Comex) | USd/lb. | 360 | -0.2% |
Click graph to enlarge
The UK 100 is called to open -36 points this morning at 7263. The UK 100 looks set to make a weak start on Tuesday with investors in a subdued mood looking ahead to the US mid-term elections where the Republicans are expected to make gains. However, this didn’t stop US markets rising with Dow Jones up 426 points, or 1.31%, at 32,829, the S&P up 37 points, or 0.97%, to 3,807 and the Nasdaq up 89 points, or 0.85%, to 10,565.
AVEVA Group report a H1 pretax loss from continuing operations of £89.1m as operating expenses widen.
Coca-Cola HBC have raised their FY profit forecast, as increasing prices hasn't had an adverse effect on demand so far. They expect a comparable operating profit for 2022 to be between 860-900m euros, up from an earlier forecast of 740-820m euros.
DCC reports a H1 FY22 adjusted operating profit of £221.2m, up 13% from £195.8m YoY. They have declared an interim dividend of 60.04p, up 7.5% from 55.85p YoY. They report net debt of £782.3m, up from £54.1m a year ago.
Hammerson expects their FY22 adjusted earnings to be more than £100m as UK and Ireland footfall continues to improve to 90% of 2019 levels. They remain in talks with interested parties on further £300m of non-core disposals.
Persimmon flags slowing demand amid surge in mortgage rates.
Citi Group Downgrades ITM Power to Neutral from Buy (8 Buys / 5 Holds / 2 Sells)
Liberum Upgrades Hammerson to Hold from Sell (3 Buys / 5 Holds / 3 Sells)
Associated British Foods (ABF)
Aveva Group
DCC
Oxford Instruments
Scottish Mortgage Investment Trust
Warehouse REIT
3i Infastructure
AVI Global Trust
Biffa
Marks & Spencer Group
Watches of Switzerland
UK BRC Like-For-Like Retail Sales
EU EcoFin Meeting
EU Retail Sales
Japanese Current Account n.s.a.
UK 100 companies going ex-dividend on 10th November 2022:
Airtel Africa
BP
Whitbread
Shell
UK 250 companies going ex-dividend on 10th November 2022:
Dunelm Group
Softcat
Target Healthcare REIT
ContourGlobal
Greencoat UK Wind
Baillie Gifford Japan Trust
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.
This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.