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Morning Report - 15 November 2023

Yesterday’s UK 100 Leaders Price (p) % Chg
DCC PLC 5,226.0 12.0%
Ocado Group PLC 567.8 10.7%
Land Securities Group PLC 644.4 6.5%
Anglo American PLC 2,142.9 5.5%
Unite Group PLC 1,004.0 5.3%
Yesterday’s UK 100 Laggards Price (p) % Chg
Vodafone Group PLC 73.4 -5.2%
Bae Systems PLC 1,072.0 -3.3%
M&G PLC 202.7 -2.4%
Relx PLC 2,892.0 -2.3%
Compass Group PLC 2,057.0 -2.1%
Major World Indices Price % Chg 1 YEAR
UK 100 INDEX 7,440 0.2% 0.8%
DOW JONES INDUS. AVG 34,809 1.4% 3.7%
DAX INDEX 15,614 1.8% 9.1%
NIKKEI 225 32,696 0.3% 16.8%
S&P/ASX 200 INDEX 7,007 0.8% -1.9%
Commodities Units Price % Chg
WTI Crude Oil (Nymex) USD/bbl. 78.87 0.78%
Brent Crude (ICE) USD/bbl. 83.12 0.73%
Gold Spot USD/t oz. 1,963 0.8%
Copper (Comex) USd/lb. 369 0.5%
The UK 100 called to open +50 points at 7,490

4 hours; 6 Months

Click graph to enlarge

Markets Overview:

The UK 100 called to open +50 points at 7,490.  The UK 100 looks set to open higher this morning after data showed UK inflation has fallen to a two-year low.  The consumer price index dropped to 4.6% in October, down from 6.7% in September, and below City expectations for a fall to 4.7%.  This follows on from yesterday’s US CPI read which also saw inflation fall leading to a bumper day on Wall Street, The Dow Jones jumped 489.83 points, or 1.43%, to end at 34,827.70. The S&P rallied 1.91%, briefly trading above the key 4,500 level, to settle at 4,495.70. It was the best day since April for the broad-market index. The Nasdaq jumped 2.37% to close at 14,094.38.


Company News & Broker Comments:

Company News:

Diversified Energy Company report a Q3 adjusted EBITDA of $140m with an adjusted EBITDA margin of 52%. Their average net daily production came in at 134.0 Mboepd with a September exit rate of 134.4 Mboepd. Their Q3 dividend was unchanged YoY at 4.375 US cents per share.


Experian reported an increase in their HY profit as they benefited from sustained key demand in key markets in North America and Europe. They posted benchmark earnings before interest and tax of $928m, compared with $873m in the same period last year.


Ninety One reports a H1 pretax profit of £104m, down 6% from £110.6m. They expect the market to stay cautious through FY, but state that they can regain growth.


SSE have reaffirmed their guidance for FY23/24 with more than 150p adjusted earnings per share.


Broker Comments:

Deutsche Bank Upgrades Compass Group to Buy from Hold (9 Buys / 9 Holds / 0 Sells)

Reporting Today:



Diversified Energy Company


Intermediate Capital Group

Ninety One







Cisco Systems

Palo Alto Networks

Reporting Tomorrow:





Burberry Group

Close Brothers Group

Crest Nicholson Holdings


International Distribution Services


Liontrust Asset Management

Premier Foods

QinetiQ Group


United Utilities





Alibaba Group


Applied Materials



In Focus Today:

Chinese Industrial Production

Chinese Retail Sales

UK Consumer Price Index

UK PPI Core Output

UK Producer Price Index

UK Retail Price Index

BoE Monetary Policy Report Hearings

EU Industrial Production s.a.

NY Empire State Manufacturing Index

US Producer Price Index

US Retail Sales

US Retail Sales Control Group

Japanese Imports

Japanese Exports

Japanese Merchandise Trade Balance Total


Tomorrow’s Ex-Dividends:

UK 100 companies going ex-dividend on 16th November 2023:


Hargreaves Lansdown




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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