Getting latest data loading
Home / Morning Report / Morning Report – 16th October 2023

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Morning Report - 16 October 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Fresnillo PLC 555.0 5.0%
Endeavour Mining PLC 1,654.0 4.2%
BP PLC 547.0 2.0%
United Utilities Group PLC 996.2 1.6%
Shell PLC 2,721.0 1.5%
Yesterday’s UK 100 Laggards Price (p) % Chg
St. James’s Place PLC 646.6 -21.0%
Ocado Group PLC 533.4 -6.8%
Spirax-Sarco Engineering PLC 8,486.0 -4.6%
JD Sports Fashion PLC 131.3 -4.5%
Hargreaves Lansdown PLC 741.0 -3.7%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,596 -0.6% 11.3%
DOW JONES INDUS. AVG 33,654 0.1% 12.9%
DAX INDEX 15,192 -1.5% 23.9%
NIKKEI 225 32,316 -0.6% 19.3%
S&P/ASX 200 INDEX 7,051 -0.6% 4.3%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 86.31 4.10%
Brent Crude (ICE) USD/bbl. 89.42 3.98%
Gold Spot USD/t oz. 1,921 2.8%
Copper (Comex) USd/lb. 357 -0.6%
The UK 100 called to open +28 points at 7,629

4 hours; 3 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +28 points at 7,629. UK 100 is set to open higher on Monday, amid a downbeat trading session in Asia as fears grow of an escalation in the conflict in the Middle East. In Asia on Monday Tokyo closed -1.9%, Shanghai -0.4% and Hong Kong -0.6%. On Friday Wall Street ended mixed with the Dow closing 0.1%, S&P -0.5% and Nasdaq -1.2%.

 

 

Company News & Broker Comments:

Company News:

GSK’s Jemperli receives positive opinion from EU CHMP recommending approval. If approved it would become the first new EU frontline treatment in decades.

 

888 Holdings confirms Per Widerstrom as their new CEO with immediate effect.

 

Broker Comments:

Barclays Downgrades Ocado to Underweight from Equal Weight (5 Buys / 4 Holds / 2 Sells)

 

Jefferies Upgrades Pennon Group to Buy from Underperform (2 Buys / 6 Holds / 1 Sell)

 

Jefferies Upgrades Severn Trent to Buy from Underperform (2 Buys / 4 Holds / 2 Sells)

 

Jefferies Upgrades United Utilities to Buy from Hold (3 Buys / 9 Holds / 0 Sells)

Reporting Today:

UK

 

None

 

 

 

US

 

None

Reporting Tomorrow:

UK

 

Bellway

IntegraFin Holdings

Moneysupermarket.com

Ninety One

Rio Tinto

 

 

US

 

Bank of America Corp

Goldman Sachs

Johnson & Johnson

 

 

In Focus Today:

 

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 19th October 2023:

 

Smiths Group

BAE Systems

 

 

UK 250 companies going ex-dividend on 19th October 2023:

 

Close Brothers Group

ITV

Foresight Solar Fund

Marshalls

Coats Group

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.


Back to Top

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.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
.