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Morning Report - 9 October 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Aviva PLC 413.6 6.5%
Legal & General Group PLC 216.5 2.9%
B&M European Value Retail S.A. 573.8 2.4%
Antofagasta PLC 1,386.0 2.3%
Anglo American PLC 2,156.0 2.3%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Coca-Cola Hbc AG 2,113.0 -3.2%
Rentokil Initial PLC 584.0 -3.2%
Unilever PLC 3,904.5 -3.1%
Vodafone Group PLC 74.5 -2.1%
Rolls-Royce Holdings PLC 206.4 -2.0%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,464 0.2% 6.8%
DOW JONES INDUS. AVG 33,161 0.1% 10.8%
DAX INDEX 15,136 0.4% 21.2%
NIKKEI 225 30,995 -0.3% 14.3%
S&P/ASX 200 INDEX 6,954 0.4% 2.8%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 82.24 -0.09%
Brent Crude (ICE) USD/bbl. 83.94 -0.15%
Gold Spot USD/t oz. 1,826 0.3%
Copper (Comex) USd/lb. 362 2.0%
The UK 100 called to open +22 points at 7,516.

4 hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +22 points at 7,516.  The UK 100 looks set to open with modest gains, despite ongoing tensions in the Middle East.  Crude oil prices surged to as high as $89 a barrel on Monday over concerns that Hamas’s attack on Israel will increase tension across the Middle East and affect output from leading oil producers.  Stocks rallied Friday even after the release of stronger-than-expected U.S. jobs data and a pop in Treasury yields.The Dow Jones gained 288.01 points, or 0.87%, to close at 33,407.58. The S&P added 1.18% at 4,308.50. The tech-heavy Nasdaq rose 1.60%, closing at 13,431.34.

 

 

Company News & Broker Comments:

Company News:

GSK is set to restructure its research division, impacting scientists in the UK, the US, and Belgium, according to the Sunday Times.

 

 

Metro Bank has secured a financial package with investors following intense weekend negotiations, providing the UK-based challenger bank with much-needed capital and averting regulatory concerns.

 

 

A significant shareholder in Anglo-Dutch recycling firm Renewi has advised the company’s board to refrain from discussions with Australian suitor Macquarie until it increases its £636 million bid, according to the Sunday Times.

 

Broker Comments:

 No new Broker Comments

Reporting Today:

UK

 

None

 

 

 

US

 

None

Reporting Tomorrow:

UK

 

None

 

 

US

 

PepsiCo

 

 

In Focus Today:

US IMF Meeting

German Industrial Production

EU Sentix Investor Confidence

UK BRC Like-For-Like Retail Sales

Japanese Current Account

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 12th October 2023:

 

Howden Joinery Group

Taylor Wimpey

WPP

Spirax-Sarco Engineering

Kingfisher

Tesco

 

 

UK 250 companies going ex-dividend on 12th October 2023:

 

Senior

Persimmon

Breedon Group

Ruffer Investment Company

Balanced Commercial Property Trust

Primary Health Properties

Supermarket Income REIT

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