This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| B&M European Value Retail S.A. | 398.8 | 5.0% |
| Spirax Group PLC | 6,670.0 | 4.7% |
| Schroders PLC | 312.8 | 4.6% |
| Aviva PLC | 475.4 | 4.6% |
| Severn Trent PLC | 2,679.0 | 3.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Convatec Group PLC | 247.4 | -3.5% |
| Experian PLC | 3657.0 | -2.9% |
| Melrose Industries PLC | 502.6 | -2.6% |
| Rolls-Royce Holdings PLC | 545.2 | -2.2% |
| Bae Systems PLC | 1315.0 | -2.2% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,071 | 0.5% | 7.8% |
| DOW JONES INDUS. AVG | 43,751 | -0.5% | 25.0% |
| DAX INDEX | 19,264 | 1.4% | 22.3% |
| NIKKEI 225 | 38,643 | 0.3% | 15.3% |
| S&P/ASX 200 INDEX | 8,285 | 0.7% | 16.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 67.72 | -1.43% |
| Brent Crude (ICE) | USD/bbl. | 71.62 | -1.30% |
| Gold Spot | USD/t oz. | 2,562 | -0.1% |
| Copper (Comex) | USd/lb. | 415 | 0.2% |
Click graph to enlarge
The UK 100 called to open -30 points at 8,041. The UK 100 looks set to open lower for the final trading session of the week, giving up some if not all of yesterdays gains.
The UK economy declined 0.1% in September, compared with City expectations for growth of 0.2% and after the previous month’s 0.2% improvement. This means that the UK expanded by just 0.1% in the third quarter of the year, according to figures by the Office for National Statistics. The annual growth rate of 1% was in line with City forecasts for the quarter.
Wall Street futures are lower this morning following a difficult trading session stateside yesterday on the back of comments by Federal Reserve chair Jerome Powell. His signal that interest rates may take longer to decline came on the day that US producer prices rose by more than expected.
The Dow Jones slipped 207.33 points, or 0.47%, to close at 43,750.86. The S&P fell 0.6% to end at 5,949.17, while the Nasdaq pulled back 0.64% to 19,107.65.
Land Securities Group this morning reported a swing to a half-year profit on Friday, boosted by increased tenant occupancy and rental growth in its retail and London assets. The UK 100 firm said EPRA Net Tangible Assets – an industry measure that represents the value of its buildings – rose 1.4% to 871 pence per share, as of Sept. 30, compared with the March-end valuation.
Aviva Upgraded to Buy by HSBC (8 Buys/ 6 Hold/ 1 Sell)
Intercontinental Hotels Group Upgraded by Barclays to Over Weight from Equal Weight (4 Buy/ 7 Hold/ 6 Sell)
Spirax Upgraded to Buy by HSBC (3 Buys/ 11 Hold/ 3 Sell)
Whitbread Downgraded by Barclays to Equal Weight from Over Weight (14 Buy/ 4 Hold/ 0 Sell)
UK
Land Securities
US
Alibaba Group Holding
UK
Big Yellow Group
Sirius Real Estate
US
None
Chinese Industrial Production
Chinese Retail Sales
UK Gross Domestic Product
UK Industrial Production
UK Manufacturing Production
NY Empire State Manufacturing Index
US Retail Sales
US Retail Sales Control Group
US Industrial Production
UK 100 companies going ex-dividend on 21st November 2024:
National Grid
Scottish Mortgage Investment Trust
Vodafone Group
DCC
UK 250 companies going ex-dividend on 21st November 2024:
Volution Group
BlackRock Greater Europe Inv Trust
Tate & Lyle
Urban Logistics REIT
RS Group
Empiric Student Property
Kainos Group
3i Infrastructure
Temple Bar Investment Trust
HICL Infrastructure
For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.
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.
Accendo Markets considers opinions and information contained within the research to be valid when published, and gives no warranty as to the investments referred to in this material. The income from the investments referred to may go down as well as up, and investors may realise losses on investments. The past performance of a particular investment is not necessarily a guide to its future performance.