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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Airtel Africa PLC | 116.2 | 5.8% |
| Pearson PLC | 946.0 | 2.9% |
| St. James’s Place PLC | 635.2 | 2.7% |
| M&G PLC | 197.8 | 2.6% |
| Smith (Ds) PLC | 283.2 | 2.5% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Ocado Group PLC | 462.7 | -4.2% |
| HSBC Holdings PLC | 584.9 | -2.7% |
| Natwest Group PLC | 178.6 | -1.9% |
| BP PLC | 524.3 | -1.2% |
| 3I Group PLC | 1,948.5 | -1.0% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,328 | 0.5% | 4.3% |
| DOW JONES INDUS. AVG | 32,779 | 1.1% | -0.6% |
| DAX INDEX | 14,720 | 0.2% | 11.5% |
| NIKKEI 225 | 30,697 | -1.0% | 11.3% |
| S&P/ASX 200 INDEX | 6,773 | -0.8% | -1.3% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 82.62 | -3.41% |
| Brent Crude (ICE) | USD/bbl. | 87.82 | -2.94% |
| Gold Spot | USD/t oz. | 1,999 | -0.3% |
| Copper (Comex) | USd/lb. | 367 | 0.6% |
Click graph to enlarge
The UK 100 called to open +10 points at 7,337. The UK’s blue-chip index is expected to open brightly once again this morning, despite disappointing economic data in China, after US markets made strong gains. China’s official manufacturing purchasing managers index came in at 49.5 for October, below the 50-point mark that separates contraction from expansion. Elsewhere in Asia, the Bank of Japan started the ball of central bank meetings rolling by deciding to allow yields on the 10-year Japanese government bond to rise above 1%, revising its yield curve controls for the second time in three months. On Wall Street, markets rose sharply, having taken comfort that the crisis in the Middle East had been contained. The Dow Jones surged 1.6%, the S&P jumped 1.2% and the Nasdaq leapt 1.2%.
BP reported Q3 earnings of $3.3bn, missing analysts’ forecasts of $4bn, after a large drop in energy prices from a year ago, as the company extended their $1.5bn share repurchase programme. Their Q3 profit was up on the $2.6bn they reported in Q2, but was down on the $8.15bn they reported last year.
Coca-Cola HBC have maintained their annual profit and sales forecast despite reporting higher quarterly revenue on strong demand for its energy and coffee drinks, as the bottler faces foreign exchange headwinds. They expect an annual impact of 50-60m euros from translational foreign exchange on their operating profit.
IG Group are to cut 10% of its staff (Approximately 300 people) in a restructure as they aim to save £50m per year in cost savings.
TP ICAP reported a 5% rise in Q3 revenue, powered by strong performance in its energy and commodities division. Their Q3 revenue came in at £512m, adding that its trading was in-line with its expectations for far this year.
Vodafone agrees to sell 100% of Vodafone Spain to Zegona for at least 4.1bn euros cash.
Barclays Upgrades Rolls-Royce to Overweight from Equal-Weight (7 Buys / 9 Holds / 0 Sells)
HSBC Upgrades Smith & Nephew to Buy (7 Buys / 6 Holds / 0 Sells)
JP Morgan Downgrades IHG to Underweight from Neutral (6 Buys / 10 Holds / 2 Sells)
Morgan Stanley Downgrades Kerry Group to Equal-Weight (0 Buys / 1 Hold / 0 Sells)
UK
BP
Coca-Cola HBC
RHI Magnesita
Spectris
TP ICAP
US
Amgen
Caterpillar Inc
Pfizer
Advanced Micro Devices
UK
Aston Martin Lagonda Global Holdings
GSK
Next
Smurfit Kappa Group
US
The Estee Lauder Companies
The Kraft Heinz Co
Etsy
Lemonade
Liberty Global
MicroStrategy
Mondelez
PayPal Holdings
Qualcomm Inc
Roku Inc
Airbnb
Chinese NBS Manufacturing PMI
Chinese Non-Manufacturing PMI
BoJ Interest Rate Decision
Japanese BoJ Monetary Policy Statement
BoJ Press Conference
German Retail Sales
EU Core Harmonized Index of Consumer Prices
EU Gross Domestic Product s.a.
US Employment Cost Index
US Housing Price Index
Chicago Purchasing Managers’ Index
US Consumer Confidence
UK 100 companies going ex-dividend on 2nd November 2023:
Whitbread
UK 250 companies going ex-dividend on 2nd November 2023:
Ashmore Group
PZ Cussons
European Smaller Companies Trust
ME Group International
Renishaw
Hilton Food Group
Tritax Big Box REIT
BlackRock Smaller Companies Trust
VinaCapital Vietnam Opportunity Fund
Edinburgh Investment Trust
European Opportunities Trust
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