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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Entain PLC | 846.6 | 5.1% |
| Convatec Group PLC | 236.6 | 2.2% |
| Astrazeneca PLC | 10,390.0 | 2.1% |
| Antofagasta PLC | 1,564.5 | 1.7% |
| Rentokil Initial PLC | 419.7 | 1.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Weir Group PLC | 1,783.5 | -6.4% |
| B&M European Value Retail S.A. | 562.8 | -6.3% |
| Rightmove PLC | 566.8 | -4.7% |
| Vodafone Group PLC | 65.1 | -2.9% |
| International Consolidated Airlines Group S.A. | 155.9 | -2.1% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,548 | 0.1% | 0.7% |
| DOW JONES INDUS. AVG | 37,090 | 1.4% | 9.2% |
| DAX INDEX | 16,766 | -0.2% | 16.0% |
| NIKKEI 225 | 32,686 | -0.7% | 16.1% |
| S&P/ASX 200 INDEX | 7,378 | 1.7% | 1.8% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 69.83 | 0.52% |
| Brent Crude (ICE) | USD/bbl. | 74.74 | 0.65% |
| Gold Spot | USD/t oz. | 2,031 | 0.2% |
| Copper (Comex) | USd/lb. | 383 | 1.1% |
Click graph to enlarge
The UK 100 called to open +91 points at 7,639. The UK 100 is expected to open sharply higher this morning after the US Federal Reserve signalled it would cut interest rates significantly in 2024. The US central bank left its benchmark interest rate unchanged, as expected, but signalled rate cuts of as much as 75 basis points in the coming year. On Wall Street The Dow Jones Industrial Average jumped to a record Wednesday. The 30-stock Down added 512.30 points, or 1.40%, to close at 37,090.24. The S&P jumped 1.37% to finish the session at 4,707.09, crossing 4,700 for the first time since January 2022 — while the Nasdaq climbed 1.38% to end the session at 14,733.96. All three major averages hit fresh 52-week highs.
BP state that their former CEO Bernard Looney will not receive further salary or benefits amounting to £32.4m.
Bunzl says their group revenue in 2023 is expected to be broadly in line with 2022. They have upgraded their 2023 profit outlook and announced three further acquisitions.
Currys have stuck to their annual guidance as it reported a H1 loss in line with last year, hurt by a subdued market for discretionary spending and particular weakness in its Nordics business. Their H1 FY24 pretax loss narrowed to £46m down from £548m YoY and says trading is consistent with expectations. They have left their guidance unchanged and expects to finish the year in a net cash position if Greece disposal is completed.
Serco are to acquire German immigration services provider European Homecare
JP Morgan Adds 888 Holdings to ‘Negative Catalyst Watch’ (5 Buys / 3 Holds / 0 Sells)
JP Morgan Downgrades Severn Trent to Underweight from Neutral (3 Buys / 4 Holds / 2 Sells)
JP Morgan places Associated British Foods on ‘Negative Catalyst Watch’ (5 Buys / 13 Holds / 0 Sells)
JP Morgan Upgrades Compass Group to Overweight from Neutral (10 Buys / 9 Holds / 0 Sells)
JP Morgan Upgrades Marstons to Overweight from Neutral (4 Buys / 3 Holds / 1 Sell)
UK
Currys
IntegraFin Holdings
Sthree
Serco Group
Capita PLC
Bunzl PLC
US
Jabil Circuit Inc
Costco Wholesale Corp
Lennar Corp
UK
None
US
Darden Restaurants Inc
BoE Asset Purchase Facility
BoE Interest Rate Decision
BoE Minutes
BoE MPC Vote Rate Cut
BoE MPC Vote Rate Hike
BoE MPC Vote Rate Unchanged
BoE Monetary Policy Report
ECB Main Refinancing Operations Rate
ECB Monetary Policy Statement
ECB Rate On Deposit Facility
US Initial Jobless Claims
US Retail Sales
US Retail Sales Control Group
ECB Press Conference
UK 100 companies going ex-dividend on 14th December 2023:
Smith (DS)
Associated British Foods
Burberry Group
UK 250 companies going ex-dividend on 14th December 2023:
Sirius Real Estate
Redde Northgate
TR Property Investment Trust
Tritax EuroBox GBP
MITIE Group
Balanced Commercial Property Trust
Cranswick
discoverIE Group
Baltic Classifieds Group
Personal Assets Trust
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