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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Natwest Group PLC | 385.1 | 2.6% |
| Smith (Ds) PLC | 552.2 | 2.5% |
| Frasers Group PLC | 780.0 | 1.7% |
| Antofagasta PLC | 1,790.0 | 1.5% |
| BT Group PLC | 142.2 | 1.4% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Hiscox LTD | 1061.0 | -3.0% |
| Melrose Industries PLC | 474.2 | -2.7% |
| Weir Group PLC | 2056.0 | -2.1% |
| Endeavour Mining PLC | 1709.0 | -2.0% |
| Centrica PLC | 115.7 | -2.0% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,184 | 0.1% | 10.3% |
| DOW JONES INDUS. AVG | 41,795 | -0.6% | 22.7% |
| DAX INDEX | 19,148 | -0.6% | 26.1% |
| NIKKEI 225 | 38,475 | 1.1% | 20.4% |
| S&P/ASX 200 INDEX | 8,132 | -0.4% | 16.5% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 71.55 | 0.11% |
| Brent Crude (ICE) | USD/bbl. | 75.16 | 0.11% |
| Gold Spot | USD/t oz. | 2,739 | 0.1% |
| Copper (Comex) | USd/lb. | 446 | 0.7% |
Click graph to enlarge
The UK 100 called to open -4 points at 8,180. The UK 100 looks set to open maginally lower this morning, however data this morning did show a third of Britains official “shopping basket” has slipped into deflation, providing another potential green light for the Bank of England to cut interest rates according to Bloomberg.
Yesterday on Wall Street the Dow Jones dropped 257.59 points, or 0.61%, to close at 41,794.60. The S&P dipped 0.28% to settle at 5,712.69, and the Nasdaq fell 0.33% to end the session at 18,179.98.
Focus will now turn to the outcome of the US Presidential election, it is the final day of campaigning for the candidates ahead of polls closing later today.
ASOS said that it expected its adjusted earnings to rise by at least 60% in its 2025 financial year, after a turnaround plan focused on ditching discounting and improving its products gained traction. ASOS announced a pre-tax loss of £379.3 million for the year to end September compared with £296.7 for the same period last year. Group revenues dropped 16% to £2.9 billion. But it said sales of new ranges were up 24% while sales of its mountain of old stock fell 30%.
Primark owner Associated British Foods today reported a 33% rise in annual profits to £1.96 billion, driven by revenues growth in its retail and foods businesses. They also announced a special dividend of 27p a share on top of the final dividend of 42.3p a share.
Weir Group announced strong growth in its original equipment orders, driven by large contracts for greenfield projects like Reko Diq and OCP, which bolsters its position in sustainable mining solutions. The company’s aftermarket demand remains robust, particularly in core mining markets, despite some timing variations in large orders. With a successful cost-saving program and positive order momentum, Weir reiterates its 2024 guidance for increased revenue and operating profit.
Severn Trent Upgraded to Neutral by Citigroup (4 Buys / 5 Holds / 3 Sell)
Severn Trent Upgraded to Overweight by JP Morgan (4 Buys / 5 Holds / 3 Sells)
United Utilities Upgraded to Buy by Citigroup (7 Buys / 5 Holds / 1 Sell)
UK
Associated British Foods
International Workplace Group
TI Fluid Systems
TP ICAP
Weir Group
US
None
UK
Beazley
Domino Pizza Group
Marks & Spencer
Morgan Sindall
OSB Group
Persimmon
Scottish Mortgage Investment Trust*
TBC Bank Group
Wetherspoon (JD)*
US
Markel Group
Novo Nordisk
Airbnb
ARM Holdings
Jackson Financial
MercadoLibre
Qualcomm Inc
Take-Two Interactive Software
US Presidential Election
UK BRC Like-For-Like Retail Sales
Chinese Caixin Services PMI
Eurogroup Meeting
US S&P Global Composite PMI
US ISM Services PMI
UK 100 companies going ex-dividend on 7th November 2024:
Unilever
Airtel Africa
JD Sports Fashion
HSBC Holdings
BP
UK 250 companies going ex-dividend on 7th November 2024:
ME Group International
SThree
Genus
Ashmore Group
European Opportunities Trust
Bytes Technology Group
Softcat
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