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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Fresnillo PLC | 769.0 | 2.9% |
| Intercontinental Hotels Group PLC | 8,714.0 | 1.7% |
| British American Tobacco PLC | 2,669.0 | 1.4% |
| Entain PLC | 717.2 | 1.4% |
| Endeavour Mining PLC | 1,920.3 | 1.3% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Admiral Group PLC | 2645.0 | -2.0% |
| Persimmon PLC | 1601.0 | -1.8% |
| Diploma PLC | 4296.1 | -1.7% |
| Taylor Wimpey PLC | 157.6 | -1.7% |
| National Grid PLC | 1001.6 | -1.7% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,307 | -0.1% | 12.2% |
| DOW JONES INDUS. AVG | 42,992 | 0.1% | 29.5% |
| DAX INDEX | 19,422 | -0.2% | 31.2% |
| NIKKEI 225 | 38,412 | -1.4% | 23.9% |
| S&P/ASX 200 INDEX | 8,206 | -1.7% | 19.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 72.05 | 2.11% |
| Brent Crude (ICE) | USD/bbl. | 75.86 | 2.11% |
| Gold Spot | USD/t oz. | 2,746 | 1.0% |
| Copper (Comex) | USd/lb. | 439 | 0.6% |
Click graph to enlarge
The UK 100 called to open -3 points at 8,303. The UK 100 looks set to open broadly flat this morning, this follows a recovery rally in later trading both here and Stateside yesterday.
The S&P ended the session lower by 0.05%, closing at 5,851.20. It was the broad market index’s first back-to-back loss since early September. The Dow slid 6.71 points, or 0.02%, ending at 42,924.89 however both indices had been much lower in early trading. The Nasdaq outperformed with a gain of 0.18% to 18,573.13.
Barratt Redrow, formed from the recent acquisition of Redrow by Barratt Developments, is optimistic about future growth as it begins integration efforts. The company aims to leverage cost synergies of at least £90m and expand sales outlets to 45 by FY28, while benefiting from a strong balance sheet and improved market conditions. This strategic move is designed to address the housing shortage and enhance shareholder returns through a robust multi-brand approach.
Lloyds Banking Group reported third quarter profits that exceeded expectations on Wednesday, and reaffirmed its performance guidance for 2024, citing increasing financial confidence among its customers. Britain’s biggest mortgage lender reported statutory pretax profit for the July-September period of 1.8 billion pounds ($2.34 billion), narrowly down from 1.9 billion pounds a year ago but above the average analyst forecast of 1.6 billion pounds. The lender also made no further charges relating to the motor finance review by the Financial Conduct Authority.
Fresnillo has left full-year production guidance unchanged after a solid third-quarter output performance. Quarterly silver production totalled 14.4m ounces, down 1.5% on the second quarter but 2.4% ahead of last year, with year-to-date production up 1.2% on 2023. Gold output was up 20.6% over the three months at 156,800 ounces, and 18.2% higher year-on-year, but year-to-date production is down 6.6%.
Reckitt Benckiser beat third-quarter like-for-like net sales growth estimates on Wednesday, helped by its health business, which makes Nurofen pain pills and Strepsils lozenges. The company, owner of the Dettol and Lysol cleaning brands, said it was on track to meet full-year targets.
No New Broker Comments
UK
Barratt Redrow
Fresnillo
Hochschild Mining
Lloyds Banking Group
Reckitt Benckiser Group
US
AT&T
Boeing
CME Group
Coca-Cola
GE Vernova
Thermo Fisher Scientific
International Business Machines
Newmont
QuantumScape
ServiceNow
Tesla
UK
Anglo American
Barclays
Bloomsbery Publishing
Bunzl
Dunelm Group
Essentra*
Inchcape
London Stock Exchange Group
RELX
Renishaw
Softcat*
Unilever
W.A.G Payment Solutions
abrdn
US
Keurig Dr Pepper
Amazon.com
IMF Meeting
BoE’s Breeden speech
Fed’s Bowman speech
EU Consumer Confidence
US Existing Home Sales Change
Fed’s Barkin speech
Fed’s Beige Book
BoE’s Governor Bailey speech
UK 100 companies going ex-dividend on 24th October 2024:
BAE Systems
UK 250 companies going ex-dividend on 24th October 2024:
Morgan Advanced Materials
Marshalls
Foresight Solar Fund
City of London Investment Trust
Kier Group
Pacific Horizon Investment Trust
Bankers Investment Trust
Wetherspoon (JD)
Brunner Investment Trust
Games Workshop Group
Sequoia Economic Infrastructure Inc Fund
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