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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Pearson PLC | 869.0 | 1.4% |
| Haleon PLC | 341.9 | 1.1% |
| Intertek Group PLC | 4,129.0 | 1.1% |
| Smiths Group PLC | 1,617.5 | 1.0% |
| Rightmove PLC | 560.0 | 1.0% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Ocado Group PLC | 558.6 | -4.8% |
| United Utilities Group PLC | 914.8 | -3.8% |
| Burberry Group PLC | 1,824.5 | -3.6% |
| Antofagasta PLC | 1,363.5 | -3.6% |
| Anglo American PLC | 2,156.0 | -3.6% |
| Major World Indices | Price | % Chg | 1 YEAR |
| UK 100 INDEX | 7,476 | -0.5% | 8.3% |
| DOW JONES INDUS. AVG | 33,053 | -1.1% | 12.2% |
| DAX INDEX | 15,101 | -1.0% | 23.7% |
| NIKKEI 225 | 31,238 | -1.6% | 15.7% |
| S&P/ASX 200 INDEX | 6,943 | -1.3% | 3.6% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 88.87 | 0.06% |
| Brent Crude (ICE) | USD/bbl. | 90.39 | -0.35% |
| Gold Spot | USD/t oz. | 1,826 | -0.1% |
| Copper (Comex) | USd/lb. | 362 | -0.5% |
Click graph to enlarge
The UK 100 called to open -19 points at 7,451. The UK 100 is expected to open lower after heavy falls in the US as bond yields hit 16 year highs. Stocks slumped as bond yields hit fresh highs, after robust jobs data added weight to the case for the Federal Reserve to keep interest rates elevated. The Dow Jones Industrial Average closed down 1.3%, the S&P 500 fell 1.4% and the Nasdaq Composite declined 1.9%.
Qinetiq wins $127m contract with US government to provide “technologically advanced services and products” which is due to last for 5 years.
Spirent Communications says their revenue for the 9 months to Sept 30th will be 20% behind YoY, as they state it is a challenging moment for the telecommunications market. They also do not see their YoY performance improving in Q4.
SSE state that their account renewables performance is below expectations, output is 19% behind plan.
Tesco have raised their profit guidance for the year as they reported a better-than-expected 13.5% rise in HY core profit and signalled that food inflation would continue to fall. They now expect their adjusted operating profit to be between £2.6-2.7bn, previously they were forecasting £2.5bn. In H1 they made an adjusted operating profit of £1.42bn, ahead of analysts’ average forecast of £1.35bn.
Jefferies Downgrades Legal & General to Hold from Buy (3 Buys / 7 Holds / 0 Sells)
Jefferies Upgrades Aviva to Buy from Hold (5 Buys / 6 Holds / 0 Sells)
JP Morgan Upgrades Severn Trent to Neutral from Underweight (2 Buys / 3 Holds / 2 Sells)
RBC Upgrades Compass Group to ‘Sector Perform’ from Underperform (7 Buys / 10 Holds / 0 Sells)
RPT / UBS Upgrades ASOS to Buy from Neutral (6 Buys / 14 Holds / 7 Sells)
UK
Tesco
US
None
UK
Ferrexpo
US
Constellation Brands
German HCOB Composite PMI
German HCOB Services PMI
EU HCOB Composite PMI
EU Producer Price Index
EU Retail Sales
US ADP Employment Change
US S&P Global Composite PMI
US Factory Orders
US ISM Services PMI
UK 100 companies going ex-dividend on 5th October 2023:
Smith & Nephew
Weir Group
Centrica
F&C Investment Trust
UK 250 companies going ex-dividend on 5th October 2023:
Hays
Bank of Georgia Group
Morgan Sindall Group
Travis Perkins
Merchants Trust
Hunting
Finsbury Growth & Income Trust
Bodycote
JPMorgan Emerging Markets Invest Trust
Murray International Trust
RIT Capital Partners
Spectris
Barr (A.G.)
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