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Morning Report - 6 December 2024

Yesterday’s UK 100 Leaders Price (p) % Chg
Hiscox LTD 1,141.0 5.1%
Whitbread PLC 2,981.0 3.9%
Admiral Group PLC 2,715.0 3.5%
Vodafone Group PLC 71.6 2.6%
International Consolidated Airlines Group S.A. 281.3 2.3%

 

Yesterday’s UK 100 Laggards Price (p) % Chg
Frasers Group PLC 666.0 -10.1%
British Land Company PLC 369.2 -4.9%
Segro PLC 752.2 -2.9%
Associated British Foods PLC 2253.0 -2.2%
Intermediate Capital Group PLC 2154.0 -2.1%

 

Major World Indices Price % Chg 1 Year
UK 100 INDEX 8,349 0.2% 11.5%
DOW JONES INDUS. AVG 44,860 -0.3% 24.2%
DAX INDEX 20,359 0.6% 23.1%
NIKKEI 225 39,396 0.3% 17.8%
S&P/ASX 200 INDEX 8,475 0.2% 18.1%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 68.46 -0.12%
Brent Crude (ICE) USD/bbl. 72.25 -0.08%
Gold Spot USD/t oz. 2,627 -0.9%
Copper (Comex) USd/lb. 419 -0.4%
The UK 100 called to open -15 points at 8,334

4 Hours; 8 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open -15 points at 8,334.  The UK 100 looks set to open lower this morning.

 

UK house prices rose for the fifth month in a row in November, up by 1.3% during the month for the biggest increase so far this year.  Mortgage lender Halifax said this pushed the annual growth rate up to 4.8%, its strongest level since November 2022.

 

U.S. stocks were lower on Thursday as investors awaited Friday’s big jobs report.  The Dow Jones dipped 248.33 points, or 0.55%, to close at 44,765.71. Meanwhile, the Nasdaq slipped 0.18% to end at 19,700.26. The S&P dropped 0.19%, settling at 6,075.11.

Company News & Broker Comments:

Company News:

The Berkeley Group this morning annouced half 1 year Revenue £1.28bn On track to deliver FY25 and FY26 profit guidance

 

Direct Line Insurance today said it had reached preliminary agreement with Aviva over a takeover valuing its business at 275p-a-share.  The proposed price compares with the 261p tabled yesterday and Aviva’s initial 250p-a–share, which valued the Churchill and Green Flag firm at £3.3 billion.

 

Broker Comments:

Halma Upgraded to Neutral from Overweight by Jefferies (4 Buy/ 11 Hold/ 2 Sell)

 

Severn Trent Downgraded to Hold from Buy by Jefferies (4 Buy/ 6 Hold/ 2 Sell)

 

United Utilities Downgraded to Hold from Buy by Jefferies (10 Buy/ 1 Hold/ 2 Sell)

 

Reporting Today:

UK

 

The Berkeley Group Holdings

 

 

US

 

None

Reporting Tomorrow:

UK

 

None

 

US

 

MongoDB

Oracle

In Focus Today:

German Industrial Production

German Trade Balance

EU Employment Change

EU Gross Domestic Product

US Nonfarm Payrolls

US Unemployment Rate

Michigan Consumer Sentiment Index

Fed’s Goolsbee speech

Fed’s Hammack speech

Fed’s Daly speech

 

 

Next Week’s Ex-Dividends:

UK 100 companies going ex-dividend on 12th December 2024:

 

Associated British Foods

Smith (DS)

UK 250 companies going ex-dividend on 12th December 2024:

 

Sirius Real Estate

Ninety One

Investec

Cranswick

Patria Private Equity Trust

SDCL Energy Efficiency Income Trust

TR Property Investment Trust

discoverIE Group

Personal Assets Trust

ZIGUP

Assura

Baltic Classifieds Group

For any help you may require placing trades or in terms of market information, put a call in to our trading floor – it’s all part of the service.


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