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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| International Consolidated Airlines Group S.A. | 206.9 | 4.1% |
| Persimmon PLC | 1,662.0 | 3.8% |
| Easyjet PLC | 518.0 | 3.2% |
| Barratt Redrow PLC | 472.0 | 2.8% |
| JD Sports Fashion PLC | 132.9 | 2.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Antofagasta PLC | 1796.5 | -4.5% |
| Glencore PLC | 403.6 | -4.0% |
| BP PLC | 392.5 | -3.9% |
| Spirax Group PLC | 6665.0 | -3.8% |
| Croda International PLC | 3816.0 | -3.5% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,249 | -0.5% | 8.1% |
| DOW JONES INDUS. AVG | 42,740 | -0.8% | 25.8% |
| DAX INDEX | 19,486 | -0.1% | 27.9% |
| NIKKEI 225 | 39,180 | -1.8% | 23.8% |
| S&P/ASX 200 INDEX | 8,285 | -0.4% | 17.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 70.75 | 0.24% |
| Brent Crude (ICE) | USD/bbl. | 74.41 | 0.22% |
| Gold Spot | USD/t oz. | 2,674 | 0.4% |
| Copper (Comex) | USd/lb. | 435 | 0.4% |
Click graph to enlarge
The UK 100 called to open +36 points at 8,285. The UK 100 looks set to open higher this morning, this comes despite a pullback on Wall Street yesterday from record highs.
Consumer price index data showed the UK’s inflation rate has fallen to its lowest level since April 2021 at 1.7%, boosting hopes of a November interest rate cut. Forecasts were for a read of 1.9% and was significantly lower than the 2.2% recorded last month.
On Wall Street the Dow Jones lost 324.80 points, or 0.75%, closing at 42,740.42. The 30-stock average touched a fresh intraday record before sliding. The S&P slipped 0.76% to end at 5,815.26, and the Nasdaq fell 1.01% to 18,315.59.
Antofagasta reported a 15% increase in copper production for Q3 2024, with continued strong performance expected to keep full-year production within the lower range of 670-710,000 tonnes. Despite higher production costs year-to-date, Q3 saw a significant reduction in cash costs, driven by improved operations at Los Pelambres and Centinela. The company also continues to make progress on significant development projects, aiming for increased output in 2025.
Rio Tinto has reported consistent iron-ore production from its operations in Australia’s Pilbara, with third-quarter output increasing by 1% to 84.1-million tonnes. The company also achieved a significant milestone at its bauxite operations, with production rising by 8% to 15.1-million tonnes.
Whitbread has announced solid performance in its UK accommodation sales and promising growth in Germany, with a focus on expanding its Premier Inn brand. The company has increased its interim dividend and launched a £100m share buy-back, while outlining a Five-Year Plan aiming for significant profit growth and over £2bn in shareholder returns. Despite a softer demand environment in the UK, Whitbread remains optimistic, driven by its expansion plans and efficiency initiatives.
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UK
Antofagasta
Rio Tinto
Whitbread
Mony Group
Ninety One
Oxford Instruments
Quilter
US
Abbott Laboratories
UK
Mondi
Rentokil Initial
Vistry Group
AJ Bell
Centamin
Ibstock
Rathbone Brothers
St James’s Place
US
Blackstone
Morgan Stanley
Taiwan Semiconductor Manufacturing
Intuitive Surgical
Netflix
UK Consumer Price Index
UK Producer Price Index
UK Retail Price Index
Japanese Exports
Japanese Imports
Japanese Merchandise Trade Balance Total
UK 100 companies going ex-dividend on 17th October 2024:
Howden Joinery Group
Persimmon
Spirax Group
Smiths Group
UK 250 companies going ex-dividend on 17th October 2024:
ITV
Coats Group
Senior
Hays
TwentyFour Income Fund
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