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| Yesterday’s UK 100 Leaders | Price (p) | % Chg |
| Ashtead Group PLC | 6,300.0 | 5.6% |
| Barclays PLC | 258.2 | 5.4% |
| BT Group PLC | 9,002.0 | 5.2% |
| BAE Systems PLC | 1,343.0 | 4.9% |
| 3I Group PLC | 3,493.0 | 4.6% |
| Yesterday’s UK 100 Laggards | Price (p) | % Chg |
| Persimmon PLC | 1343.5 | -8.7% |
| Intertek Group PLC | 4518.0 | -4.7% |
| Taylor Wimpey PLC | 139.7 | -4.1% |
| Smith & Nephew PLC | 927.8 | -4.0% |
| Fresnillo PLC | 699.0 | -3.9% |
| Major World Indices | Price | % Chg | 1 Year |
| UK 100 INDEX | 8,167 | -0.1% | 10.2% |
| DOW JONES INDUS. AVG | 43,730 | 3.6% | 28.0% |
| DAX INDEX | 19,039 | -1.1% | 25.7% |
| NIKKEI 225 | 39,381 | -0.3% | 22.0% |
| S&P/ASX 200 INDEX | 8,226 | 0.3% | 17.9% |
| Commodities | Units | Price | % Chg |
| WTI Crude Oil (Nymex) | USD/bbl. | 71.71 | 0.03% |
| Brent Crude (ICE) | USD/bbl. | 75.01 | 0.12% |
| Gold Spot | USD/t oz. | 2,666 | 0.3% |
| Copper (Comex) | USd/lb. | 432 | 1.7% |
Click graph to enlarge
The UK 100 called to open +21 points at 8,187. The UK 100 looks set to open modestly higher this morning, this comes on the back of the UK’s blue-chip index having given up all of yesterdays early gains to end the session lower.
On Wall Street yesterday stocks rallied sharply, with major benchmarks hitting record highs, as Donald Trump won the 2024 presidential election. The Dow Jones surged 1,508.05 points, or 3.57%, to a record close of 43,729.93. The last time the blue-chip Dow jumped more than 1,000 points in a single day was in November 2022. The S&P 500 also hit an all-time high, popping 2.53% to 5,929.04. The Nasdaq climbed 2.95% to a record of its own of 18,983.47.
Focus will now turn to hotly anticipated interest rate decisions from both The Bank of England & also the Federal Reserve.
BT Group has made significant strides in modernizing its operations, achieving a record full fibre build and expanding its network to cover 80% of the UK population. Despite a 3% revenue decline due to non-UK operations and a competitive retail market, the company reported a 1% increase in adjusted EBITDA and a 57% rise in normalized free cash flow, supported by cost-saving measures and improved customer satisfaction. BT Group continues to focus on long-term value creation with an increased fibre build target and an interim dividend of 2.40 pence per share.
ITV reported an 8% fall in third-quarter revenue on Thursday, dragged down by lower revenue in its studios business that continues to face the impact of phased deliveries from the U.S writers’ and actors’ strike last year. Revenue decreased to 2.74 billion pounds ($3.54 billion) in the three months ended Sept. 30, from 2.98 billion pounds a year earlier, ITV said. ($1 = 0.7733 pounds).
Rolls-Royce stuck to guidance for annual profit growth of at least 30% this year as its airline customers flew more and demand for power for data systems and defence equipment continued to grow. That strength offset problems in the aerospace supply chain which has caused delays for parts, and which the company warned in August would cost 150 million pounds ($194 million) to 200 million pounds this year.
Sainsbury‘s reported increasing momentum in its second quarter as it reiterated guidance for strong underlying profit growth this financial year, helped by improving grocery volumes and a stronger performance from Argos in the second half. The group reported total retail sales growth of 3.1% when excluding fuel for the 28 weeks to 14 September, with growth accelerating from 2.3% in the first quarter to 4.1% in the second. Grocery sale growth picked up from 4.8% to 5.3% over the second quarter, with the company claiming to have seen the biggest market-share gains in the industry.
Taylor Wimpey said on Thursday there has been an improvement so far in the second half of the fiscal year and retained annual earnings outlook, as lower mortgage costs helped counter affordability concerns among homebuyers. British housebuilders, after battling subdued demand for most of 2024, have witnessed signs of improved demand in recent months, spurred by the Bank of England’s interest rate reduction in August and supportive policy measures introduced by the Labour government.
Trainline PLC has reported impressive growth in the first half of fiscal year 2025, with net ticket sales rising 14% to £3 billion and revenue increasing 17% to £229 million. The company’s adjusted EBITDA soared by 44% to £82 million, driven by strategic expansions in Europe and a strong digital presence in the UK. Trainline maintains its position as Europe’s leading rail app, enhancing its market share in Spain and supporting the UK’s commuter market recovery.
Schroders Downgraded to Equal-weight by Morgan Stanley (6 Buys / 7 Holds / 2 Sell)
UK
Autotrader Group
BT Group
Derwent London
Endeavor Mining
Helios Towers
Hikma Pharmaceuticals
Howden Joinary Group
IMI
ITV
National Grid
RS Group
Rolls-Royce Group
Sainsbury (J)*
Tate & Lyle
Taylor Wimpey
Trainline
Wizz Air Holding
Wood Group (John)
US
Barrick Gold
Viatris
Arista Networks
Cloudflare
Gilead Sciences
Lucid Group
Rivian Automotive
The Trade Desk
Unity Software
Upstart Holdings
Moderna*
Block*
UK
International Consolidated Airlines Group
Rightmove
Vistry Group
US
None
Chinese Exports
Chinese Imports
Chinese Trade Balance
German Industrial Production
German Trade Balance
EU Retail Sales
BoE Interest Rate Decision
BoE Minutes
BoE Monetary Policy Report
BoE MPC Vote
UK Monetary Policy Report
BoE’s Governor Bailey speech
US Initial Jobless Claims
Fed Interest Rate Decision
Fed Monetary Policy Statement
FOMC Press Conference
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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