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Morning Report - 21 November 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Sage Group PLC 1,261.0 17.1%
Prudential PLC 635.8 1.8%
International Consolidated Airlines Group S.A. 243.4 1.5%
London Stock Exchange Group PLC 10,895.0 1.5%
Imperial Brands PLC 2,513.0 1.5%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Vistry Group PLC 630.3 -6.0%
Admiral Group PLC 2405.0 -4.0%
Jd Sports Fashion PLC 112.5 -3.7%
B&M European Value Retail S.A. 333.9 -3.5%
Entain PLC 725.8 -3.3%
Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,088 -0.1% 8.2%
DOW JONES INDUS. AVG 43,134 -0.3% 22.9%
DAX INDEX 19,019 -0.2% 20.3%
NIKKEI 225 38,352 -0.2% 15.0%
S&P/ASX 200 INDEX 8,326 -0.6% 17.6%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 69.54 0.22%
Brent Crude (ICE) USD/bbl. 73.23 -0.11%
Gold Spot USD/t oz. 2,649 0.7%
Copper (Comex) USd/lb. 419 0.2%
The UK 100 called to open +10 points at 8,095

4 Hours; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +10 points at 8,095.  The UK 100 looks set to open higher this morning.

 

On Wall Street yesterday the broad index closed little changed at 5,917.11, while the Dow Jones Industrial Average gained 139.53 points, or 0.32%, to settle at 43,408.47. The Nasdaq Composite lost 0.11% to close at 18,966.14.

 

Nvidia Corp was in focus overnight, falling 2.5% in post-market trading despite announcing revenue surged by ​​94% to $35.1 billion and earnings widened from $0.40 to $0.81 per share over the third quarter.

Company News & Broker Comments:

Company News:

Close Brothers Group flagged a hit to its 2025 forecast on Thursday and said it expects to fully resume its motor finance lending business soon, as the British lender assesses the impact of a recent ruling on car loan commissions.  The UK’s Financial Conduct Authority (FCA) has been pressing the Supreme Court to expedite a decision to permit lenders to appeal a crucial judgement that may pave the way for a $21 billion consumer redress scheme linked to motor finance commissions.

 

Halma has reported its half-year results with a notable 7% increase in interim dividends to 9.00p per share, signalling robust financial health and a commitment to shareholder returns.

 

JD Sports Fashion today warned that annual profits will be towards the lower end of its guidance range between £955 million and £1.03 billion.  The retailer said the revision followed increased trading volatility in October, particularly in North America and the UK, due to elevated promotional activity and mild weather.  In the 13 weeks to 2 November, like-for-like sales fell 0.3% as the softer October performance offset a good August and September.

Broker Comments:

No New Broker Comments

 

Reporting Today:

UK

 

Breedon Group

Close Brothers Group

Grainger

Halma

Investec*

Ithaca Energy

JD Sports Fashion

Mitie Group

 

 

US

 

Baidu

Deere & Co

Intuit

Reporting Tomorrow:

UK

 

Workspace Group

 

 

US

 

None

In Focus Today:

 

US Initial Jobless Claims

US S&P Global Composite PMI

US S&P Global Manufacturing PMI

US S&P Global Services PMI

EU Consumer Confidence

US Existing Home Sales Change

Fed’s Goolsbee speech

 

 

Today’s Ex-Dividends:

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.


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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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