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 |
| Sage Group PLC | 1,131.0 | 13.4% |
| Entain PLC | 881.2 | 6.0% |
| Bt Group PLC | 123.1 | 4.2% |
| Jd Sports Fashion PLC | 150.6 | 4.2% |
| International Consolidated Airlines Group S.A. | 159.7 | 2.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Kingfisher PLC | 215.7 | -6.5% |
| BP PLC | 464.1 | -2.6% |
| Rolls-Royce Holdings PLC | 237.0 | -2.5% |
| Shell PLC | 2,555.0 | -2.2% |
| Glencore PLC | 448.6 | -1.9% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,470 | -0.2% | 0.2% |
| DOW JONES INDUS. AVG | 35,191 | 0.3% | 3.2% |
| DAX INDEX | 15,980 | 0.5% | 10.9% |
| NIKKEI 225 | 33,452 | 0.3% | 19.0% |
| S&P/ASX 200 INDEX | 7,073 | -0.1% | -2.2% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 74.65 | -4.01% |
| Brent Crude (ICE) | USD/bbl. | 79.22 | -3.92% |
| Gold Spot | USD/t oz. | 1,995 | -0.2% |
| Copper (Comex) | USd/lb. | 379 | -1.6% |
Click graph to enlarge
The UK 100 called to open +11 points at 7,480. The UK 100 is expected to post modest gains when trading starts on Thursday after US markets climbed ahead of Thanksgiving. On Wall Street yesterday, markets posted strong gains with the Dow up 0.5%, the S&P 500 up 0.4% and the Nasdaq up 0.5%.
FirstGroup report that their outlook for FY24 is in line with their expectations. They are on track to have more than 600 electric buses, over 600 charger heads and four fully electric depots in England by March 2024. They reported a H1 2024 total loss before tax of £68.4m verses a profit of £8.7m in H1 2023.
Jet2 posted a 19% jump in H1 operating profit after it took more people on holiday, with more customers opting for higher-margin package holidays.
Londonmetric Property state that they are on track for a ninth consecutive year of dividend progression as they report a H1 rental income of £76.9m.
Mitie Group remain on track to deliver a FY24 operating profit before other items guidance of at least £190m.
Virgin Money reported a FY profit below market estimates, pulled down by pressure on lending margins and stubborn inflation that squeezed bank’s returns. Their underlying profit before tax slumped 24% to £593m for the 12-month period, compared with a forecast of £625m by average analyst estimates.
Bryan Garnier Upgrades Sage Group to Buy from Neutral (7 Buys / 8 Holds / 2 Sells)
Deutsche Bank Upgrades Anglo American to Buy from Hold (6 Buys / 7 Holds / 0 Sells)
UBS Downgrades Auto Trader to Sell from Neutral (6 Buys / 10 Holds / 0 Sells)
UK
FirstGroup
Londonmetric Property
Mitie Group
Virgin Money
US
None
UK
None
US
None
German HCOB Composite PMI
German HCOB Manufacturing PMI
German HCOB Services PMI
EU HCOB Composite PMI
EU HCOB Manufacturing PMI
EU HCOB Services PMI
UK S&P Global/CIPS Composite PMI
UK S&P Global/CIPS Manufacturing PMI
UK S&P Global/CIPS Services PMI
ECB Monetary Policy Meeting Accounts
UK Autumn Forecast Statement
Japanese National Consumer Price Index
UK 100 companies going ex-dividend on 23rd November 2023:
Scottish Mortgage Investment Trust
RS Group
National Grid
Vodafone Group
Imperial Brands
DCC
Land Securities Group
UK 250 companies going ex-dividend on 23rd November 2023:
Volution Group
BlackRock World Mining Trust
3i Infrastructure
Witan Investment Trust
Tate & Lyle
Urban Logistics REIT
Kainos Group
British Land Company
Babcock International Group
HICL Infrastructure
Liontrust Asset Management
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.