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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Diploma PLC | 4,466.0 | 5.8% |
| Spirax Group PLC | 6,790.0 | 4.3% |
| Hikma Pharmaceuticals PLC | 1,950.0 | 4.2% |
| Astrazeneca PLC | 10,474.0 | 4.1% |
| Melrose Industries PLC | 526.8 | 3.7% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Natwest Group PLC | 390.7 | -2.5% |
| Barclays PLC | 257.2 | -2.1% |
| JD Sports Fashion PLC | 93.5 | -2.1% |
| Antofagasta PLC | 1664.5 | -1.5% |
| Standard Chartered PLC | 945.6 | -1.4% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,262 | 1.4% | 10.3% |
| DOW JONES INDUS. AVG | 44,297 | 1.0% | 25.2% |
| DAX INDEX | 19,323 | 0.9% | 20.5% |
| NIKKEI 225 | 38,780 | 1.3% | 15.3% |
| S&P/ASX 200 INDEX | 8,418 | 0.3% | 19.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 70.78 | -0.65% |
| Brent Crude (ICE) | USD/bbl. | 74.74 | -0.57% |
| Gold Spot | USD/t oz. | 2,671 | -1.7% |
| Copper (Comex) | USd/lb. | 417 | 0.9% |
Click graph to enlarge
The UK 100 called to open +15 points at 8,277. The UK 100 looks set to start the week on the front foot, following on from a strong showing Friday which saw a three figure point gain for the blue-chip index.
The Dow Jones closed at a new record on Friday, capping off a winning week for stocks. The blue-chip Dow gained 426.16 points, or 0.97%, to 44,296.51, a new all-time closing high and its third straight positive session. The S&P added 0.35% to finish at 5,969.34 for its fifth winning day in a row. The technology-heavy Nasdaq rose 0.16% to end the week at 19,003.65.
Anglo American on Monday agreed to sell its Australian steelmaking coal mines to Peabody Energy for a cash consideration of up to $3.78 billion, in its first major disposal as part of a wider restructuring plan. The mining giant is reshaping its business to mainly focus on copper and iron ore, after fending off a $49 billion takeover bid from larger rival BHP Group in May.
Kingfisher announced its third-quarter sales results, showing steady performance with total sales remaining flat at £3.2 billion in constant currency and a slight reported decrease of 0.6%. Like-for-like (LFL) sales were down by 1.1%, with the company’s banners in the UK, France, and Poland performing in line with or ahead of their respective markets. In the UK & Ireland, sales increased by 1.3% on a constant currency basis, driven by gains at Screwfix and TradePoint. However, B&Q experienced a modest decline. The French market saw a 4.2% drop in sales, with both Castorama and Brico Dépôt facing lower sales trends in October due to weak consumer sentiment and adverse weather. Despite this, the company’s performance remained aligned with the market. Poland reported a sales increase of 3.7% but a slight LFL decrease of 0.4%. Looking ahead, Kingfisher expects the near-term market outlook to remain uncertain but remains confident in its business model and ability to manage retail prices, costs, and cash. The company has revised its full-year profit guidance range to approximately £510 million to £540 million, from a previous range of £510 million to £550 million. The free cash flow guidance remains unchanged.
3i Group Upgraded by Morgan Stanley to Overweight (7 Buy/ 3 Hold/ 0 Sell)
Barratt Redrow Upgraded by Jefferies to Buy (11 Buy/ 6 Hold/ 0 Sell)
UK
Kingfisher
US
Zoom Video Communications
UK
AO World
Caledonia Investments
Compass Group
Cranswick
Intertek
London Metric Property
Telecom Plus
US
CrowdStrike Holdings
HP
German IFO – Business Climate
German IFO – Current Assessment
German IFO – Expectations
BoE’s Dhingra speech
UK 100 companies going ex-dividend on 28th November 2024:
Imperial Brands
Marks and Spencer Group
United Utilities Group
3i Group
Land Securities Group
Severn Trent
UK 250 companies going ex-dividend on 28th November 2024:
Hill & Smith
Bellway
Alliance Witan
Worldwide Healthcare Trust
Fidelity Special Values
Oxford Instruments
AVI Global Trust
FirstGroup
BlackRock World Mining Trust
Ithaca Energy
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