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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| BAE Systems PLC | 1,103.5 | 1.2% |
| SSE PLC | 1,680.0 | 1.1% |
| Marks And Spencer Group PLC | 246.4 | 0.9% |
| Shell PLC | 2,629.5 | 0.6% |
| BP PLC | 477.9 | 0.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Diageo PLC | 2,850.0 | -12.2% |
| Ocado Group PLC | 514.6 | -5.6% |
| Fresnillo PLC | 516.6 | -4.9% |
| Wpp PLC | 701.2 | -3.5% |
| Astrazeneca PLC | 10,090.0 | -3.3% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,361 | -1.3% | 0.6% |
| DOW JONES INDUS. AVG | 34,283 | 1.2% | 1.6% |
| DAX INDEX | 15,234 | -0.8% | 7.1% |
| NIKKEI 225 | 32,585 | 0.1% | 15.3% |
| S&P/ASX 200 INDEX | 6,949 | -0.4% | -2.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 76.58 | -0.76% |
| Brent Crude (ICE) | USD/bbl. | 80.85 | -0.71% |
| Gold Spot | USD/t oz. | 1,939 | -0.1% |
| Copper (Comex) | USd/lb. | 361 | 0.5% |
Click graph to enlarge
The UK 100 called to open+30 points at 7,390. The UK 100 is expected to open higher as investors look ahead of inflation readings in the UK and US this week. This comes after a rally to close off the week on Wall Street. Stocks staged a rebound as the benchmark 10-year Treasury yield hovered around the flatline. It was a marked reversal from Thursday’s action in which the rate on the 10-year jumped more than 10 basis points. The spike in yields followed a dismal Treasury Department bond auction and comments from Federal Reserve Chair Jerome Powell that suggested more intervention may be needed to quell inflation. The Dow Jones advanced 391.16 points, or 1.15% to close at 34,283.10. The S&P climbed 1.56% to finish the session at 4,415.24. The Nasdaq added 2.05% to 13,798.11, notching its best day since May. After the US market close, credit ratings agency Moody’s on Friday downgraded its outlook on US debt to negative from stable, one week before crucial budget negotiations in Congress. It maintained its AAA rating on US government debt.
BAE Systems confirms their FY23 guidance is unchanged following their H1 upgrade.
British Land Company expect their annual rental value growth to be at the top end if its previous forecast range, although yields on its assets remained under pressure in a high interest rate environment. Their EPRA net tangible assets (value of its buildings) fell 3.9% to 565p at the end of their HY.
GSK hails positive opinion from EU’s CHMP on momelotinib for form of myelofibrosis.
Phoenix Group Holdings raises their 2023 cash generation target to £1.8bn.
Vodafone partners with Accenture to commercialise shared services operations. Accenture will invest 150m euros in the new shared services entity for a minority interest.
Barclays Upgrades Dr. Martens to Equal Weight from Overweight (2 Buys / 5 Holds / 0 Sells)
JP Morgan Upgrades M&G to Neutral from Underweight (3 Buys / 4 Holds / 0 Sells)
UK
British Land Co
Kainos Group
US
None
UK
Babcock International Group
Bank of Georgia Group
ConvaTec Group
DCC
Hill & Smith Holdings
Imperial Brands
Informa
Land Securities Group
Oxford Instruments
Vodafone Group
US
The Home Depot
European Commission releases Economic Growth Forecasts
BoE’s Mann speech
US Monthly Budget Statement
UK 100 companies going ex-dividend on 16th November 2023:
Hargreaves Lansdown
Shell
GSK
Unilever
B&M European Value Retail S.A.
Bunzl
Marks and Spencer Group
Pershing Square Holdings
UK 250 companies going ex-dividend on 16th November 2023:
Fidelity Emerging Markets
NextEnergy Solar Fund
Schroder Oriental Income Fund
Octopus Renewables Infrastructure Trust
UK Commercial Property REIT
Baillie Gifford Japan Trust
Murray Income Trust
Empiric Student Property
BlackRock Greater Europe Inv Trust
Scottish American Investment Company
ICG Enterprise Trust
Bytes Technology Group
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