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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Imperial Brands PLC | 1,755.0 | 1.9% |
| M&G PLC | 201.1 | 1.6% |
| Unite Group PLC | 927.0 | 1.6% |
| Rightmove PLC | 592.8 | 1.5% |
| United Utilities Group PLC | 974.2 | 1.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Howden Joinery Group PLC | 675.2 | -4.8% |
| Convatec Group PLC | 206.2 | -3.9% |
| Jd Sports Fashion PLC | 138.6 | -3.9% |
| Smith & Nephew PLC | 944.2 | -3.7% |
| Burberry Group PLC | 1,777.0 | -3.2% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,620 | -0.1% | 11.6% |
| DOW JONES INDUS. AVG | 33,805 | 0.2% | 15.7% |
| DAX INDEX | 15,460 | 0.2% | 27.0% |
| NIKKEI 225 | 32,495 | 1.8% | 23.1% |
| S&P/ASX 200 INDEX | 7,091 | 0.0% | 6.7% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 82.91 | -0.69% |
| Brent Crude (ICE) | USD/bbl. | 85.35 | -0.55% |
| Gold Spot | USD/t oz. | 1,882 | 0.4% |
| Copper (Comex) | USd/lb. | 363 | 0.6% |
Click graph to enlarge
The UK 100 called to open +37 points at 7,657. The UK 100 looks set to open higher again this morning, after data this morning showed Britain’s economy returned to growth in August. The data from the Office for National Statistics (ONS) shows that the all important services sector, which accounts for 80% of the economy, grew by 0.4%. Asian markets have seen strong trading after Wall Street benchmarks rose in the wake of the Federal Reserve meeting minutes published last night. The central bank met expectations by signalling that one more rate rise may be necessary, with policy likely to remain restrictive for some time. The comments from the meeting a fortnight ago gave a lift to US markets as the S&P index closed 0.4% higher and the Nasdaq added 0.7%.
Darktrace reports Q1 revenue of $161.6m, up 28% YoY as they confirm their FY24 target of 22-24% YoY revenue growth and 17-19% adjusted EBITDA margin.
Dechra Pharmaceuticals reports a FY pretax loss of £36.1m, swinging from a £77.6m profit YoY. They have declared no final dividend due to its pending acquisition, of which EQT, Luxinva are to complete by late 2023, early 2024.
EasyJet have planned to order an additional 157 aircraft from Airbus plus the rights to 100 more, enabling fleet modernisation and growth beyond 2028. They reported a FY23 headline pretax profit of between £440-460m as they aim to deliver over £1bn pretax profit in the medium-term. Their FY23 passengers rose to 26.2m, up from 24.3m YoY.
Hays have forecast a fall in H1 profit after reporting lower net fees for Q1 due to sluggish hiring market conditions. Their Like-for-Like net fees fell 7% in the three months ended Sept 30th 2023.
Wise have raised their annual profit growth forecast after growth in active customers boosted Q2 income by 51%. They now expect their FY income to grow between 33-38%, compared with its earlier forecast of 28-33% growth.
Barclays Downgrades ITM Power to Underweight from Overweight (5 Buys / 8 Holds / 2 Sells)
Berenberg Downgrades Johnson Matthey to Hold from Buy (5 Buys / 10 Holds / 1 Sell)
Goldman Sachs Downgrades ASOS to Sell from Neutral (7 Buys / 14 Holds / 6 Sells)
Goldman Sachs Downgrades Boohoo to Sell from Neutral (4 Buys / 11 Holds / 3 Sells)
JP Morgan Downgrades Dowlais to Neutral from Overweight (5 Buys / 0 Holds / 1 Sell)
UK
Dechra Pharmaceuticals
Hays
easyJet
US
Delta Air Lines
UK
Ashmore
US
BlackRock
Citigroup Inc
JPMorgan Chase & Co
UnitedHealth Group
Wells Fargo & Co
US IMF Meeting
UK Gross Domestic Product
UK Industrial Production
UK Manufacturing Production
ECB Monetary Policy Meeting Accounts
US Consumer Price Index
US Initial Jobless Claims
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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