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Morning Report - 4 December 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
Anglo American PLC 2,311.0 7.9%
Antofagasta PLC 1,495.5 6.2%
Rio Tinto PLC 5,599.0 3.7%
Glencore PLC 457.7 3.6%
Intercontinental Hotels Group PLC 6,304.0 3.1%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Tesco PLC 279.6 -2.2%
Pearson PLC 919.6 -1.9%
Ocado Group PLC 594.2 -1.0%
Hargreaves Lansdown PLC 712.2 -0.9%
Legal & General Group PLC 227.5 -0.8%

 

Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,529 1.0% -0.4%
DOW JONES INDUS. AVG 36,246 0.8% 5.3%
DAX INDEX 16,398 1.1% 12.9%
NIKKEI 225 33,231 -0.6% 19.6%
S&P/ASX 200 INDEX 7,125 0.7% -2.4%

 

Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 73.43 -0.86%
Brent Crude (ICE) USD/bbl. 78.14 -0.94%
Gold Spot USD/t oz. 2,071 0.0%
Copper (Comex) USd/lb. 387 -1.7%
The UK 100 called to open -30 points at 7,499.

4 hours; 2 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -30 points at 7,499. The UK 100 is expected to edge lower on Monday after a slow start to the week in Asia.  On Friday. The S&P soared to a closing high for 2023, extending November’s rally into the new month.  The broad market index rose by 0.59%, ending the session at 4,594.63. The tech-heavy Nasdaq advanced 0.55% to end the week at 14,305.03. The Dow Jones added 294.61 points, or 0.82%, to close at 36,245.50.

 

 

Company News & Broker Comments:

Company News:

BT Group: JP Morgan names BT Group among their Telecom ‘Top Picks’ for 2024 (7 Buys / 3 Holds / 2 Sells)

 

Capita agrees to sell 75% stake in Fera Science to Bridgepoint for £60m.

 

Compass Group enter into an agreement with BNP to enable a $250m share buyback.

 

ITM Power expects £7.5m H1 revenue and are “well on track” for FY24 goal of £10-18m. They expect a £22-23.5m H1 adjusted EBITDA loss, which is at the lower end of £44-55m FY target loss.

 

Ryanair’s November traffic increased 4% YoY to 11.7m up from 11.2m passengers.

 

Wizz Air carries 4.8m passengers in November, up 29% YoY with a load factor of 88%.

 

Broker Comments:

Barclays Upgrades DS Smith to Overweight from Equal Weight (6 Buys / 3 Holds / 0 Sells)

 

Deutsche Bank Downgrades Wizz Air to Sell from Hold (10 Buys / 8 Holds / 1 Sell)

 

HSBC Upgrades Softcat to Buy from Hold (6 Buys / 4 Holds / 1 Sell)

 

Jefferies Downgrades Future Plc to Underperform from Hold (7 Buys / 1 Hold / 1 Sell)

 

JP Morgan Upgrades Rolls-Royce to Overweight from Neutral (7 Buys / 7 Holds / 0 Sells)

Reporting Today:

UK

 

SDCL Energy Efficiency Income Trust

 

 

US

 

None

 

Reporting Tomorrow:

UK

 

Ashtead Group

Discoverie Group

Moonpig Group

SSP Group

 

 

US

 

Signet Jewelers

Asana

MongoDB

 

 

In Focus Today:

German Trade Balance s.a.

EU Sentix Investor Confidence

US Factory Orders

Tokyo Consumer Price Index

 

This Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 7th December 2023:

 

Next

JD Sports Fashion

 

 

UK 250 companies going ex-dividend on 7th December 2023:

 

 

Ninety One

Investec

SDCL Energy Efficiency Income Trust

Energean

JLEN Environmental Assets Group

Assura

LXi REIT

Intermediate Capital Group

Pets At Home Group

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