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Morning Report - 12 December 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Endeavour Mining PLC 1,589.0 5.9%
Pearson PLC 1,279.0 3.4%
Reckitt Benckiser Group PLC 4,835.0 2.8%
Fresnillo PLC 699.0 2.6%
Lloyds Banking Group PLC 54.2 2.4%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
GSK PLC 1340.5 -2.4%
British Land Company PLC 364.4 -2.1%
Segro PLC 720.0 -2.0%
Severn Trent PLC 2549.0 -1.9%
DCC PLC 5450.0 -1.8%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,302 0.3% 10.1%
DOW JONES INDUS. AVG 44,149 -0.2% 20.7%
DAX INDEX 20,399 0.3% 21.5%
NIKKEI 225 39,849 1.2% 21.3%
S&P/ASX 200 INDEX 8,330 -0.3% 15.1%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 70.44 0.21%
Brent Crude (ICE) USD/bbl. 73.75 0.31%
Gold Spot USD/t oz. 2,717 0.0%
Copper (Comex) USd/lb. 432 1.3%
The UK 100 called to open +15 points at 8,316

4 Hours; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +15 points at 8,316.  The UK 100 looks set to open higher this morning, extending gains from yesterday.

Asian markets this morning largely gained after Wednesday’s in-line US inflation figures looked to clear the way for an interest rate cut in the world’s largest economy.

Ok Wall Street yesterday, The tech-heavy index rose 1.77% to end at 20,034.89 and post an all-time high and a closing record. The broad market S&P gained 0.82% to close at 6,084.19. The Dow Jones was the underperforming index yesterday, falling 99.27 points, or 0.22%, to 44,148.56.

Company News & Broker Comments:

Company News:

 

Currys reported a strengthening financial performance for the half-year ending October 2024, with a notable 52% year-on-year increase in adjusted EBIT to £41 million and a significant rise in free cash flow. The UK and Ireland segments saw a 6% revenue growth, driven by increased market share and strategic initiatives, while the Nordics achieved a 50% rise in adjusted EBIT despite challenging market conditions. The company is committed to maintaining its growth trajectory, focusing on customer satisfaction and colleague engagement, while navigating new government policy headwinds that could impact costs and investment strategies.

 

 

Broker Comments:

 

Diageo Upgraded to Buy from Sell by UBS (12 Buy/ 6 Hold/ 4 Sell)

 

United Utilities Upgraded to Equal weight from Underweight by Barclays (9 Buy/ 2 Hold/ 2 Sell)

 

Reporting Today:

UK

 

Currys

Polar Capital Technology Trust

 

 

US

 

Broadcom

Costco Wholesale

Reporting Tomorrow:

UK

 

Global Smaller Companies Trust

Henderson European Trust

 

US

 

None

In Focus Today:

ECB Main Refinancing Operations Rate

ECB Monetary Policy Statement

ECB Rate On Deposit Facility

US Initial Jobless Claims

US Producer Price Index

ECB Press Conference

Japanese Tankan Large Manufacturing Index

 

Today’s Ex-Dividends:

UK 100 companies going ex-dividend on 12th December 2024:

 

Associated British Foods

Smith (DS)

UK 250 companies going ex-dividend on 12th December 2024:

 

Sirius Real Estate

Ninety One

Investec

Cranswick

Patria Private Equity Trust

SDCL Energy Efficiency Income Trust

TR Property Investment Trust

discoverIE Group

Personal Assets Trust

ZIGUP

Assura

Baltic Classifieds Group

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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.


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