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Morning Report - 24 November 2023

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%
The UK 100 called to open -18 points at 7,465

4 hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -18 points at 7,465.  The UK 100 looks set to open slightly lower this morning, this comes despite positive data for businesses this morning as we head into Black Friday and the festive period as GfK’s consumer confidence index improved although it remains at low levels.  US markets were closed on Thursday for the Thanksgiving holiday and today will reopen for a shortened session meaning volumes may once again be light.

 

 

Company News & Broker Comments:

Company News:

Legal & General agrees a £4.8bn buy-in of Boots pension scheme, covering 53,000 members. They state that the Boots deal raises their total L&G PRT volume so far to £13.4bn.

 

OnTheMarket recommends shareholders vote in favour of acquisition by CoStar UK.

 

Broker Comments:

Shore Capital Starts rating Deliveroo with a Sell (4 Buys / 6 Holds / 1 Sell)

Reporting Today:

UK

 

None

 

 

US

 

None

 

Reporting Monday:

UK

 

JLEN Environmental Assets Trust

 

Rightmove

 

 

US

 

Zscaler

 

 

In Focus Today:

UK GfK Consumer Confidence

German Gross Domestic Product

German IFO – Business Climate

German IFO – Current Assessment

German IFO – Expectations

US S&P Global Composite PMI

US S&P Global Manufacturing PMI

US S&P Global Services PMI

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 30th November 2023:

 

Severn Trent

3i Group

 

UK 250 companies going ex-dividend on 30th November 2023:

 

Diversified Energy Company

Bellway

Fidelity Special Values

Telecom Plus

Johnson Matthey

LondonMetric Property

AVI Global Trust

Temple Bar Investment Trust

FirstGroup

Hill & Smith

Alliance Trust

Caledonia Investments

Oxford Instruments

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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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