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|Yesterday’s UK 100 Leaders||Price (p)||% Chg|
|Phoenix Group Holdings PLC||490.5||5.7%|
|Rolls-Royce Holdings PLC||240.2||3.5%|
|Melrose Industries PLC||530.4||3.0%|
|Smith & Nephew PLC||1,015.5||2.7%|
|British American Tobacco PLC||2,542.5||2.6%|
|Yesterday’s UK 100 Laggards||Price (p)||% Chg|
|Endeavour Mining PLC||1,626.0||-1.5%|
|London Stock Exchange Group PLC||8,448.0||-1.2%|
|Major World Indices||Price||% Chg||1 YEAR|
|UK 100 INDEX||7,426||0.9%||0.6%|
|DOW JONES INDUS. AVG||34,338||0.2%||2.4%|
|S&P/ASX 200 INDEX||7,007||0.8%||-2.0%|
|WTI Crude Oil (Nymex)||USD/bbl.||78.52||0.33%|
|Brent Crude (ICE)||USD/bbl.||82.80||0.34%|
|Gold Spot||USD/t oz.||1,945||-0.1%|
The UK 100 called to open -10 points at 7,415. The UK 100 looks set to open slightly lower this morning, data this morning from the ONS showed that the UK’s unemployment rate remained has at 4.2% in the three months to September, defying expectations of a rise as markets continue to hope for a “soft landing” from the recent sky-high inflation. Ahead of US inflation data today, US markets were mixed yesterday with the Dow higher, but S&P 500 and Nasdaq lower.
Babcock International stuck to their annual guidance for organic revenue growth and margin expansion as they posted a 27% jump in HY profit boosted by its Polish shipbuilding contract.
BT Group state that their pension funding deficit has been valued at £3.7bn, down from £8bn in 2020 and that their annual contribution amounts would remain unchanged.
DCC reports a H1 pretax profit of £129.7m, down from £132.3m YoY.
Dr Martens appoints Giles Wilson as their new CFO, who will take up the role in 2024.
Glencore will buy a stake in Teck’s steelmaking coal business for $6.93bn cash.
Imperial Brands expects their operating profit to rise in low single digits for H1 2024, with performance picking up in H2 due to pricing actions and investments in tobacco alternatives. They reported an adjusted operating profit of £3.89bn for the 12 months ended Sept 30th, compared with £3.69bn in the same period last year.
Land Securities reports that they expect low-to-mid single-digit percentage growth in annual rental values in London, even as high interest rates continued to weigh on the valuation of its buildings. Their EPRA Net Tangible Assets (value of its buildings) fell 4.6% YoY to 893p per share.
Vodafone reported an acceleration in service revenue in Q2 after Germany, its biggest market, returned to growth. They reiterated their guidance for adjusted earnings to be broadly flat at around 13.3bn euros. They reported a 4.2% rise in group service revenue for H1, with both Europe and Africa up and 0.3% higher adjusted core earnings, a rise limited by higher energy costs.
Berenberg Downgrades Intercontinental Hotels to Hold from Buy (6 Buys / 9 Holds / 2 Sells)
CFRA Upgrades BAE Systems to Hold from Sell (11 Buys / 4 Holds / 0 Sells)
Jefferies Downgrades Entain to Hold from Buy (14 Buys / 1 Hold / 0 Sells)
Morgan Stanley Downgrades Reckitt Benckiser to Equal-Weight from Overweight (5 Buys / 7 Holds / 0 Sells)
RBC Downgrades M&G to Sector Perform from Outperform (3 Buys / 4 Holds / 0 Sells)
Babcock International Group
Bank of Georgia Group
Hill & Smith Holdings
Land Securities Group
The Home Depot
Diversified Energy Company
Intermediate Capital Group
Palo Alto Networks
UK Average Earnings
UK Claimant Count Change
UK Employment Change
UK ILO Unemployment Rate
EU Employment Change
EU Gross Domestic Product s.a.
EU ZEW Survey – Economic Sentiment
German ZEW Survey – Economic Sentiment
US Consumer Price Index
Japanese Gross Domestic Product
UK 100 companies going ex-dividend on 16th November 2023:
B&M European Value Retail S.A.
Marks and Spencer Group
Pershing Square Holdings
UK 250 companies going ex-dividend on 16th November 2023:
Fidelity Emerging Markets
NextEnergy Solar Fund
Schroder Oriental Income Fund
Octopus Renewables Infrastructure Trust
UK Commercial Property REIT
Baillie Gifford Japan Trust
Murray Income Trust
Empiric Student Property
BlackRock Greater Europe Inv Trust
Scottish American Investment Company
ICG Enterprise Trust
Bytes Technology Group
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