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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Flutter Entertainment PLC | 12,955.0 | 4.1% |
| Ocado Group PLC | 502.6 | 3.3% |
| International Consolidated Airlines Group S.A. | 141.6 | 2.6% |
| Rolls-Royce Holdings PLC | 203.6 | 2.3% |
| Wpp PLC | 697.0 | 2.3% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Fresnillo PLC | 527.6 | -4.4% |
| Astrazeneca PLC | 10,144.0 | -2.7% |
| BP PLC | 531.8 | -2.5% |
| Bt Group PLC | 111.1 | -2.5% |
| Intercontinental Hotels Group PLC | 5,774.0 | -1.8% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,379 | -0.3% | 5.8% |
| DOW JONES INDUS. AVG | 33,141 | 0.0% | 6.6% |
| DAX INDEX | 14,787 | -0.1% | 15.6% |
| NIKKEI 225 | 31,000 | -0.8% | 14.9% |
| S&P/ASX 200 INDEX | 6,844 | -0.8% | 1.0% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 87.21 | -0.99% |
| Brent Crude (ICE) | USD/bbl. | 91.59 | -0.62% |
| Gold Spot | USD/t oz. | 1,977 | -0.2% |
| Copper (Comex) | USd/lb. | 357 | 0.3% |
Click graph to enlarge
The UK 100 called to open -7 points at 7,367. The UK 100 looks set to open slightly lower this morning, ahead of unemployment data and a raft of PMI readings today. US bond yields fell in the US yesterday after US billionaire investor Bill Ackaman said he had ended his short call on US Treasuries saying “there is too much risk in the world to remain short bonds at current long-term rates’. The fall boosted technology shares in the US although blue-chips fell further. On Wall Street yesterday the Dow Jones slipped 190.87 points, or 0.58%, to close at 32,936.41, while the S&P fell 0.17% to end the session at 4,217.04. The best performing index was the tech-heavy Nasdaq which added 0.27% to finish the session at 13,018.33.
Anglo American posted mixed production results for Q3 with copper up 42%, underpinned by the ramp-up of its Quellaveco mine and a double-digit decrease in steelmaking coal and diamonds output.
Barclays have reported that their profit for Q3 dipped slightly YoY, nonetheless beating expectations as strong performance in its consumer and credit cards business offset sliding revenues in its investment bank. They reported a pretax profit of £1.9bn, down from £2bn YoY and above analyst forecasts of £1.77bn. They are evaluating actions to reduce structural costs which may result in material additional charges in Q4.
Bunzl posted a 4.8% fall in Q3 revenue due to reduced benefits from cost inflation and waning COVID-related sales. They expect their FY revenue to be slightly lower than 2022 at constant exchange rates.
Softcat reports a FY gross profit of £373.8m and a FY operating profit of £140.9m as they expect their double-digit gross profit growth to continue.
Barclays Upgrades Rio Tinto to Overweight from Equal-Weight (5 Buys / 10 Holds / 0 Sells)
UK
Anglo American
Barclays
Bunzl
Softcat
Travis Perkins
W.A.G Payment Solutions
US
3M Co
Coca-Cola
General Electric
General Motors
Spotify Technology SA
Verizon Communications
Alphabet Inc C
Alphabet Inc A
Microsoft Corp
Snap Inc A
Teladoc Health
Visa Inc Class A
UK
Bytes Technology Group
Fresnillo
Ibstock
Lloyds Banking Group
US
Automatic Data Processing
Boeing
CME Group
Thermo Fisher Scientific
International Business Machines
Meta Platforms
Meta Platforms
ServiceNow Inc
UK Claimant Count Change
UK Employment Change
UK ILO Unemployment Rate
German Gfk Consumer Confidence Survey
German HCOB Composite PMI
German HCOB Manufacturing PMI
German HCOB Services PMI
ECB Bank Lending Survey
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
US S&P Global Composite PMI
US S&P Global Manufacturing PMI
US S&P Global Services PMI
UK 250 companies going ex-dividend on 26th October 2023:
Dunelm Group
Morgan Advanced Materials
Sequoia Economic Infrastructure Inc Fnd
City of London Investment Trust
Balfour Beatty
Bankers Investment Trust
Pacific Horizon Investment Trust
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